Xanthan Gum Market Size To Reach $917.5 Million By 2030

Xanthan Gum Market Growth & Trends

The global xanthan gum market size is estimated to reach USD 917.5 million by 2030, registering a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth of the oil & gas industry is expected to be one of the primary factors driving xanthan gum demand over the forecast period. Increasing use of xanthan gum as an emulsion across a wide array of applications including salad dressings, toppings, relishes, sauces, non-fat milk, dairy products, baked and frozen foods coupled with the growth of food & beverage industry is anticipated to augment market growth.

Oil & gas and food & beverages together held the largest share in the market. Food & beverages segment led the industry with largest revenuen share. Growing population, changing lifestyle of consumers, and rising number of restaurants and cafes especially in India and China coupled with the increasing use of xanthan gum as a low price alternative to guar gum in a wide range of food applications is expected to result in high demand for xanthan gum. Increasing demand for petroleum and petrochemicals is expected to result in the increasing use of xanthan gum over the forecast period as it is an important component employed in drilling fluids.

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Xanthan Gum Market Report Highlights

• Asia Pacific was the largest market accounting for over 42.0% of global xanthan gum revenue share in 2023. Food & beverage growth in China, India, Malaysia, and Singapore is expected to drive the market over the forecast period. In addition, growing oil & gas production in China on account of their rising demand in automobile and chemical industries is expected to have a positive impact on the market over the next six years.

• By application, the food & beverage segment dominated the global market with a revenue share of 45.8% in 2023. As Xanthan gum’s unique rheological properties enable its seamless integration into various food products.

• The Oil & gas is expected to register significant CAGR of 5.9% over the forecast period. As environmental concerns escalate, xanthan gum’s biological origin and biodegradable properties make it an attractive solution for the industry, reducing its environmental footprint.

• North America xanthan gum market held a substantial market share in 2023. Companies in this region have concentrated their research and development efforts on refining extraction methods and formulations, enhancing xanthan gum’s versatility across various applications.

Xanthan Gum Market Segmentation

Grand View Research has segmented the global xanthan gum market based on application, and region:

Xanthan Gum Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Oil & Gas

• Food & Beverage

• Pharmaceutical

• Cosmetics

• Others

Xanthan Gum Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• CSA

  • Brazil

  • Argentina

• MEA

  • Saudi Arabia

  • South Africa

List of Key Players in the Xanthan Gum Market

• ADM

• Foodchem International Corporation

• Deosen Biochemical (Ordos) Ltd.

• Cargill, Incorporated

• Ingredion

• CP Kelco U.S., Inc.

• Fufeng Group

• HEBEI XINHE BIOCHEMICAL CO., LTD

• MEIHUA HOLDINGS GROUP CO., LTD.

• Qingdao Unionchem Co.,Ltd.