Xanthan Gum Market to surpass USD 1,076 million by 2023

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Xanthan Gum Market to surpass USD 1,076 million
by 2023
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Global Xanthan Gum Market is estimated to cross
1,076 million by 2023, registering a CAGR of
5.9 from 2017 to 2023, According to published
report by Allied Market Research. In 2016, the
food beverages application segment accounted
for more than two-thirds share of the total
market.Food beverages is the leading
application segment in the xanthan gum market,
where xanthan gum is used in wide range food
products, such as sauces dressings, meat
poultry products, bakery products, confectionery
products, beverages, dairy products, others. It
offers excellent water-binding stability, storage
stability, and aesthetic appeal in food
processing when used in small concentrations.Xan
than gum is an epoxy polysaccharide, which belong
to hydrocolloid family and is used as a valuable
substance in food additive. It has the ability to
absorb more water than its own weight and has the
capability to form a gel.
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• It is widely used as a stabilizing agent,
  thickening agent, fat replacer, suspending agent,
  and bodying agent in a wide variety of food and
  industrial applications. It is one of the most
  adaptable elastic thickener, which performs well
  even when used in small quantities.
• It owns several extraordinary and useful
  properties, such as change in viscosity at
  fluctuating temperatures, high viscosity at low
  concentrations, and excellent stability over a
  wide pH range.
• In 2016, Asia-Pacific dominated the global
  market, owing to the increase in processed foods
  production and developments in oil gas
  production in China and India. Furthermore,
  supporting government policies and foreign
  investments in oil gas sector in the region are
  anticipated to boost the market for xanthan gum
  in the foreseeable future.
• North America is the second leading region, which
  is expected to register a CAGR of 5.8 in terms
  of revenue. The key players profiled in the
  xanthan gum market include Fufeng Group Company
  Ltd., CP Kelco, Cargill, Inc., Solvay S.A., E. I.
  Du Pont De Nemours and Company, FMC BioPolymer,
  MeiHua Holdings Group Co., Ltd., Archer Daniels
  Midland Company, Ingredion Incorporated, and
  Zoranoc Oilfield Chemical.

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