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Xanthan gum is an additive in the food &beverage industry.
Xanthan Gum is a substance that has many benefits for the body. It is used to
relieve many different problems in the human body, such as digestive disorders
and digestive discomfort. Xanthan Gum is something that is very useful for
people who suffer from many different digestive problems, including
constipation and diarrhea. This product is also helpful for those who are
dealing with ulcers in the stomach or intestines, as well as gallstones or
cancer.
High demand for gluten-free food and beverage additives is a prime
factor driving demand for xanthan gum. This product is basically used in
sauces, salad dressings, dairy products, toppings, baked, and frozen foods as
it has excellent properties such as thermal stability and emulsion stabilization.
Additionally, increasing consumption of convenience foods is
contributing to the market growth of xanthan gum. Moreover, the growing demand
for xanthan
gum for enhanced oil recovery operations are again creating demand. Thus
rise in the oil &gas industry is again expected to foster market growth.
According to the India Brand Equity Foundation, crude Oil import rose sharply
to US$ 101.4 billion in 2019–2020 from US$ 70.72 billion in 2016– 2017.
North America is expected to gain significant growth over the
forecast period and this is attributed to increasing spending on food products
in the region. According to the Economic Research Service United States
Department of Agriculture, in 2019, U.S. consumers, businesses, and government
entities spent $1.77 trillion on food and beverages in grocery stores and other
retailers and on away-from-home meals and snacks.
Key Developments:
1. In March
2020, Jungbunzlauer increases the production capacity of xanthan gum in
Pernhofen, Austria. The expansion of the Pernhofen site will further strengthen
Jungbunzlauer’s capacity to provide high-quality xanthan gum grades in numerous
applications.
2. In April
2019, CP Kelco announced the plans for the introduction of its newest product
line, NUTRAVA™ Citrus Fiber. NUTRAVA™ Citrus Fiber addresses the need for
nature-based, recognizable ingredients in a variety of food applications
3. In December
2019, CP Kelco, a global provider of nature-based ingredient solutions, has
announced a new distribution agreement with IMCD Brasil to serve the Brazilian
market in Latin America. According to this agreement, IMCD Brasil will be the
company’s strategic distributor in Brazil for CP Kelco’s pectin, gellan gum,
carrageenan, xanthan gum, and diutan gum for use in a wide range of foods, beverages,
and consumer and industrial products.
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