Xanthan Gum Market Solution, Services, Application, Region, SegmentsPosted by Nikhil khadilkar on November 7th, 2019 Xanthan Gum Market Overview The Global Xanthan Gum Market is projected to grow at a significant rate of 4.5% from 2019 to 2024 to reach a market value of USD 1.2 billion by the end of 2024. Increasing demand from end use industries includes oil & gas, food and beverages among others is escalating the demand for the Xanthan gum market. Xanthan Gum is the bacterium which secrets polysaccharide which in is Xanthan Gum, which is commonly used as a food thickening agent (salad dressing) and a stabilizer. Xanthan Gum scientific name is Xanthomonas. Xantham Gum is produced by fermenting glucose, sucrose or lactose, followed by precipitation of polysaccharide from a growth medium with isopropyl alchohol, dried and ground into a fine powder. Later, it is added to a liquid medium to form the gum. Browse Report Details @ https://www.marketresearchfuture.com/reports/xanthan-gum-market-748 Oil & gas and food & beverage industries account for over 80% of Xanthan Gum Market in the terms of revenue and volume. The fastest growing application of Xanthan gum is the food and the beverage industry closely followed by the oil and gas industry. Xanthan Gum aids the growing population, changing lifestyle of consumers as the low-price alternative to guar gum. Xanthan gum is used in a wide range of food and beverages Market Segmentation For the purpose of study, Market Research Future segmented the Xanthan Gum Market based on applications
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Xanthan Gum Market Regional Analysis North America North America is a major chunk of the Xanthan Gum market. The recovery of the pharmaceutical industry in the US is expected to drive the demand of xanthan gum upwards in the forecasted period. Canada poses as another big market for Xanthan Gum US Department of Commerce announced antidumping duties on imports of xanthan gum from China. Asia Pacific With the increasing number of food processing industries in the Asia pacific, the demand for xanthan gum is going to witness a significant boost. Rapid economic development in China, India, Indonesia and Vietnam will further result in boosting the demand. Favorable government policies are another factor which is going to contribute the boost in the sales of Xanthan gum. About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Like it? Share it!More by this author |