December 01, 2023 08:30 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global xanthan gum market was estimated at a value of US$ 1 billion in 2021. It is anticipated to register a 5.9% CAGR from 2022 to 2031 and by 2031, the market is likely to attain US$ 1.9 billion by 2031. Glycyrrhiza Glabra Root Extract
Xanthan gum is used in a variety of pharmaceutical applications that include solid and liquid dosage formulations as a thickening, suspending, and emulsion stabilizing agent. Xanthan gum thickener is found in a lot of meals and other packaged goods. It improves the foam in liquid and semi-solid compositions. It dissolves easily in both hot and cold water.
The superior flow qualities and ease of pumpability of xanthan gum make it a popular ingredient in skin and personal care products. Since xanthan gum stabilizes emulsions and gives creams and lotions a creamy quality, it is frequently used in skincare products. Xanthan gum is used in toothpastes, lotions, creams, and shampoos, among other personal hygiene items.
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Key Findings of the Market Report
Market Trends for Xanthan Gum
Global Market for Xanthan Gum: Regional Outlook
Various reasons are propelling the growth of the xanthan gum market throughout the region. These are:
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Global Xanthan Gum Market: Key Players
Companies in the Xanthan Gum industry are using a variety of strategies to increase sales. This involves developing innovative goods to meet the growing needs of the food, pharmaceutical, and oil and gas industries. To expand market presence and reach new clientele, strategic alliances and acquisitions are often sought for. Companies actively participate in marketing campaigns to raise awareness and get a competitive advantage in the xanthan gum market.
They also concentrate on streamlining manufacturing procedures to save costs while preserving product quality. The following companies are well-known participants in the global xanthan gum market:
Key developments by the players in this market are:
Global Xanthan Gum Market Segmentation
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