(MENAFNEditorial)
Xanthan gum market is expected to grow owing to its increasing application as food thickening agent mainly in salad dressing and sauces. Moreover growing demand for gluten-free food additives is expected to propel market growth over the next six years. In addition regulatory support from bodies such as the U.S. Department of Agriculture (USDA) and FDA for xanthan gum consumption in bakery foods and medicines is expected to fuel market growth over the forecast period.
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Growing consumer preference for food additives and gluten-free baking ingredients coupled with increasing vegan population is expected to drive demand growth. The market is further expected to accelerate on account of increasing application scope in cosmetics & personal care products such as shampoos shower gels mascaras sunscreens toothpastes creams and face packs over the next few years. Asia Pacific is expected to augment demand over the next six years on account of growing food & beverages industry in developing economies including China India and Malaysia.
Demand for xanthan gum as a rheology modifier in drilling fluids and offshore cementing fluids is expected to witness substantial increase on account of growth in oil & gas over the forecast period. Xanthan gum demand is further anticipated to augment on account of growing applications in food industry as an emulsifier thickener and stabilizer. Key market players include Cargill Gum Technology Corporation Deosen Biochemical Pfizer Fufeng Kantilal Brothers Hebei Xinhe Biochemical Qingdao Unionchem Co. Ltd. and CP Kelco. Cargill products are available in various degree of granulation and meet specifications of the European Pharmacopoeia (Ph.Eur.) and the United States Pharmacopeia–National Formulary (USP-NF). These products can be used as suspending agents emulsions and foam stabilizers foam enhancers and thickeners.
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