Market Research Reports

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 Detail...

The   global xanthan gum market   is expected to remain consolidated in nature, owing to the large presence of globally prominent players and their recent moves on capacity expansion. In 2015, Fufeng Group Company Limited, CP Kelco, and Deosen had dominated the global xanthan gum market in terms of revenue generation. At the time, they had captured almost 58.1% of the global xanthan gum market. Given the overall consolidated market nature, these players are likely to remain in the lead for the time being. According to a research report released by Transparency Market Research, the degree of competition i n the global xanthan gum market is expected to change over the coming years due to a very high scope of entry by newer players from North America. From the global market’s perspective, this threat is likely to remain moderate due to the leading production rates by other regions. The global xanthan gum market is predicted to expand at a CAGR of 7.7% in revenue, within a f...