Xanthan gum is a polysaccharide with a wide application pool. It is mainly used as a suspending, thickening, emulsifying, and stabilizing agent in pharmaceutical and other liquid formulations. Its non-toxic and non-irritating nature makes it suitable for usage across the cosmetics industry. Another highly valuable property of xanthan gum is its high viscosity. It also remains effective in low concentrations. These properties make xanthan gum fit for usage as a stabilizing agent in lotions and creams across a wide pH and temperature range. It enables the desirable delivery of active ingredients and effective suspension of insoluble products in cosmetic products.
As the process of manufacturing xanthan gum is vegan in nature, it is also gaining traction amidst paced growth in the vegan user base. These factors are expected to facilitate the unprecedented growth of the global xanthan gum market in the projection period.
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Increasing Prevalence of Vegan Lifestyle to Create Favorable Currents for Xanthan Gum Market
In the past few years, vegan lifestyle trends have gained a significant pace as more people become conscious of their consumption habits. The perceived health benefits of vegan diets are a pivotal factor behind the increasing popularity of this plant-based lifestyle. Xanthan gum is used in several vegan food and beverages. It is produced via bacterial fermentation and can be used as a food additive. Several vegan beverages, syrups, salad dressings, low-fat spreads, confectioneries, and toppings use xanthan gum. It is also used in several gluten-free products. These trends are set to propel the global xanthan gum market to greater heights in the foreseeable future.
Significant Application in Oil and Gas Industry to Bode Well for Global Xanthan Gum Market
The oil and gas industry has been one of the most influential industries in the world. Any product that can find a certain application within this industry can boost its growth prospects manifold. The global xanthan gum market also benefits from this as it is used as an eco-friendly oil drilling fluid. It is also relatively cost-effective in nature. Its notable resistance to acids, alkalis, salts and high temperature makes it perfect to be used as drilling fluid. Besides, it also reduces pressure loss during oil drilling activities. Moreover, its eco-friendly nature helps the oil and gas industry curb its critically high carbon emissions and overall environmental damage.
Asia Pacific to Showcase Tremendous Growth Potential in Xanthan Gum Market Amidst Flourishing End-use Industries
Thriving food and beverages, personal care, and pharmaceutical industries in Asia Pacific are doing wonders for the regional xanthan gum market. In addition, it is also used in the regional cosmetics and oil and gas domains to a relatively high degree. Asia Pacific is one of the most lucrative regions in terms of business-friendly government norms and mature local markets for end-use industries. The amalgamation of these favourable factors is expected to main the region’s pivotal position in the xanthan gum market.
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Notable Market Entities
Some of the major players in the global xanthan gum market include DuPont, MeiHua Holdings Group Co. Ltd., Cargill Inc., Deosen Biochemical Ltd., CP Kelco US Inc., Zoranoc Oilfield Chemical, Solvay SA, Fufeng Group Company, Archer Daniels Midland Company, and Jianlong Biotechnology Co. Ltd.
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