Xanthan Gum Market: Industry Analysis and Opportunity and Forecast to 2027
Market Overview Xanthan gum is a polysaccharide, which is manufactured from a wide range of sugars using fermentation process. It is mainly used as a thickener and stabilizer to improve the structural properties of the food products. Owing to these factors, they are used in the heavy end industries such as food & beverages, oil & gas, pharmaceuticals, and others. The global xanthan gum market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, North America holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of the product in food & beverages, oil & gas, pharmaceuticals, and others. It is estimated that the food & beverages segment is set to observe the highest CAGR in the market due to growing use of the product in sauces, gluten-free products, and others. The increasing demand for the product in oil &a