TMR_Research_Reports_2017 reach US$1.25 bn by the end of 2024 | Page 2

Xanthan Gum Market
REPORT DESCRIPTION
Xanthan Gum Market (End Users - Food & Beverage (Bakery and
Confectionery, Dairy and Ice Cream, Meat and Fish, Beverages, and
Sauces and Dressings), Oil & Gas, Pharmaceutical, Personal Care,
Agrochemicals, Lab Research, Paints, and Printing Inks) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 –
2024
The highly consolidated nature and a limited number of established players in the global xanthan
gum market are keeping the level of competition controlled. Expansion of existing production
capacities and geographical outreach are the primary areas of focus for established players to
stay ahead in the market, says Transparency Market Research (TMR) in a new study. The top
three players in the global xanthan gum market, namely CP Kelco, Fufeng Group, and Deosen,
accounted for over 58.0% of its value in 2015.
“The high capital requirement for establishment of manufacturing facilities is creating a high
entry barrier for new players. However, lucrative growth prospects in North America are
attracting a large number of new players to venture into the market,” says TMR’s lead analyst.
The global xanthan gum market stood at a value of US$693.6 mn in 2016 and is estimated to
rise to US$1,251.7 mn by 2024, expanding at a CAGR of 7.7% therein.
Obtain Report Details @ http://www.transparencymarketresearch.com/xanthan-
gum-market.html
Asia Pacific to Emerge Most Promising Regional Market
On the basis of end user, the food and beverage segment will continue to dominate the market
until 2024, representing 70.1% of its value. The growing demand for beverages, sauces,
dressings, and dairy products is triggering the adoption of xanthan gum in the sector. The oil
and gas segment, on the other hand, will register a CAGR higher than any other segment during
the forecast period.
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Transparency Market Research