Xanthan Gum Market Outlook 2023 – Asia Pacific to Emerge As Strong Regional Contender
Europe xanthan gum market is expected to surpass USD 235 million by 2023 owing to growing demand for personal care products along with rising R&D investments on pharmaceutical sector
Selbyville, United States – September 30, 2019 /MarketersMedia/ —
Asia Pacific xanthan gum market size was the largest among all regions and is expected to generate over USD 495 million by 2023. Increasing urbanization, rising disposable income, expansion of stores, supporting economic factors and availability of easy finance is driving regional demand. Automotive growth in India, China, Malaysia, Indonesia and Thailand is expected to fuel demand for paints and coatings manufacturers to boost regional production capacity.
North America xanthan gum market size worth USD 220 million in 2015, is predicted to register a CAGR of 5.3% over 2016-2023. Heavy expenditure on medicines along with expansion of pharmaceutical sector is expected to drive the product demand in the region. U.S. is expected to contribute significantly towards the regional growth over the coming years.
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Europe xanthan gum market is expected to surpass USD 235 million by 2023 owing to growing demand for personal care products along with rising R&D investments on pharmaceutical sector. Germany, UK, Italy, and France are projected to be the major revenue pockets of the region over the coming years.
Rising demand for food & beverages across the globe due to growing population along with improved consumer lifestyle in BRICS countries is expected to favorably affect xanthan gum market size over the coming years. Food & beverages sector contributed a revenue of USD 8.50 trillion in 2004, which exceeded USD 15 trillion in 2015. The product is extensively used in this sector due to its ability to enhance moisture retaining capacity and improve shelf life of baked items.
According to Global Market Insights, Inc., “Xanthan Gum Industry size is anticipated to reach USD 1.2 billion by 2023.” Xanthan Gum finds wide applications in cosmetic products such as lotions, denture cleaners, and shampoos due to its thickening & stabilizing property. Furthermore, FDA and USDA approval for the use of xanthan gum in bakery foods and medicines will provide huge growth opportunities for the industry over the coming years. European commission has also approved the use of xanthan gum as an emulsifier, gelling agent, thickener, and stabilizer in food & beverages sector.
Xanthan gum finds its applications in cosmetics, oil & gas, and pharmaceutical sector. Xanthan gum market revenue in oil & gas sector worth USD 300 million in 2015, is expected to grow at a rate of 6.2% over 2016-2023. The growth can be credited to its wide application in horizontal drilling as well as demand for better control of drilling solids. Xanthan gum market share in pharmaceutical sector is predicted to exceed USD 55 million by 2023, with expected gains of 5.2% over 2016-2023. The growth can be credited to its use as diluents & disintegrants in tablets as well as protective colloids in suspensions.
Browse key industry insights spread across 90 pages with 62 market data tables and 17 figures & charts from the report, “Xanthan Gum Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/xanthan-gum-market
Market players will try to increase their ROI through merger & acquisitions and R&D investments. Key industry players include DuPont, Archer Daniels Midland, Fufeng Group Company Limited, Cargill, CP Kelco, Sancho & Lee, Jungbunzlauer, Qingdao Unichem, Deosen Biochemical Limited, Solvay S.A., and Pfizer Pharmaceutical Company.
Major Key Points from Table of Content:
Chapter 4. Xanthan Gum Market, By Application
4.1. Key application trends
4.2. Oil & Gas
4.2.1. Market estimates and forecast, 2012 – 2023
4.2.2. Market estimates and forecast, by region, 2012 – 2023
4.3. Food & beverage
4.3.1. Market estimates and forecast, 2012 – 2023
4.3.2. Market estimates and forecast, by region, 2012 – 2023
4.4. Pharmaceutical
4.4.1. Market estimates and forecast, 2012 – 2023
4.4.2. Market estimates and forecast, by region, 2012 – 2023
4.5. Cosmetics
4.5.1. Market estimates and forecast, 2012 – 2023
4.5.2. Market estimates and forecast, by region, 2012 – 2023
4.6. Others
4.6.1. Market estimates and forecast, 2012 – 2023
4.6.2. Xanthan Gum Market estimates and forecast, by region, 2012 – 2023
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/xanthan-gum-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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