Xanthan Gum Prices

Xanthan Gum Prices December 2023

The price of xanthan gum in China for Q4 2023 reached 2736 USD/MT in December.

Xanthan Gum Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Xanthan Gum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of xanthan gum pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of xanthan gum at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of xanthan gum price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing xanthan gum price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Xanthan Gum Market Analysis

The global xanthan gum market size reached US$ 636.21 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1084.02 Million, at a projected CAGR of 6.10% during 2023-2032.

• The rise in cases of celiac disease and gluten intolerance has also risen considerably across the world thereby increasing the market for gluten-free products and thus, enhancing the xanthan gum market. As stated by the Food and Drug Administration (FDA), over 3 million people in the United States have celiac disease, and thus they are required to avoid any food with gluten. Xanthan gum, which is another crucial component of a gluten-free bakery, helps to provide the right consistency and elasticity that is comparable to that of gluten in such goods as bread and pastry. This market has been further boosted by the increased frequency of gluten-free products being procured in conventional supermarkets and grocery stores resulting from health-consciousness and a new craze for gluten-free products amongst people suffering from gluten sensitivity. This is because consumers are increasingly looking for clean-label items while food manufacturing needs them for structure and texture-enhancing purposes, making xanthan gum a crucial component in the food industry.
• The oil and gas industry represent another segment that is influencing the market for xanthan gum to a significant extent. Xanthan gum is applied in the drilling fluids many times because of its high thermal stability and its stability at different relative density. As per the reports of the U.S. Energy Information Administration, North America alone reported the production of over 23.9 million barrels of oil per day, an actual and rather gradual progression from prior years of rated nations. This rising production is backed up by the government subsidy for vinegar production. In the same year, demand for fossil fuels was estimated at 9 trillion globally hence the need for xanthan gum, a key ingredient in the oil and gas industry. As a result, the following uses in drilling operations help fulfill a constant market rallying and expansion of xanthan gum in the oil and gas industry.
• Xanthan gum has gained immense traction in the cosmetics industry due to various properties such as thickening, stabilizing, and skin conditioning. Owing to the rising growth in the cosmetic industry especially in the Asia Pacific and North American markets the demand for xanthan gum is steadily rising. The compound is appreciated for its hygroscopic nature to enhance the texture of skincare products. This growth stems from the rising trends of quality skin care and anti-aging creams that will positively sustain the demand for xanthan gum in the cosmetics segment. For instance, as per reports from IMARC Group, the global cosmetics market is to grow at 4.8% During 2024-2032, driven by a rising preference for organic variants.

Xanthan Gum News

The report covers the latest developments, updates, and trends impacting the global xanthan gum market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in xanthan gum production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the xanthan gum price trend.

Latest developments in the xanthan gum industry:

• In June 2024, Tate & Lyle announced a £1.4 billion acquisition of US-based CP Kelco, a move aimed at expanding its portfolio of specialty ingredients and strengthening its position in the global food and beverage market.
• In March 2024, Jungbunzlauer acquired AGI, previously owned by Roquette Ventures. This acquisition aims to enhance Jungbunzlauer's product offerings and market presence in the specialty chemicals sector, strengthening its position in the global ingredients industry.

Product Description

Xanthan gum is an adjustable polymer that is widely used in the food industry as a thickening agent and stabilizer. It is formed by the process of fermentation of glucose, sucrose, or lactose by a bacterium known as Xanthomonas campestris. Xanthan gum has great thickening, stabilizing, and emulsifying properties and is usually used to improve the texture and consistency of the products. It is used in food products such as sauces, dressings, baked foods, and beverages to enhance qualities such as viscosity and shelf stability.

Aside from food products, xanthan gum is also widely used in lotions and creams, playing an essential role in moisturizing and thickening. In the field of pharmaceuticals, it is used for stabilizing suspensions and emulsions. In drilling fluids, xanthan gum is used to enhance the viscosity required in the oil and gas industry because it can withstand high pressure. Its application in various sectors and fields makes it have a steady market all year round and it plays an essential role in different industries.

Regional Coverage

The report provides a detailed analysis of the xanthan gum market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the xanthan gum price trend. 

Global Xanthan Gum Price

The report offers a holistic view of the global xanthan gum pricing trends in the form of xanthan gum price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of xanthan gum but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed xanthan gum demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Xanthan Gum Price

The xanthan gum market in Europe was characterized by a stable pricing trend in the first quarter of 2024 due to several factors. The prices were relatively volatile but not drastically: there were no dramatic fluctuations and the market remained stable. Another factor was the stability of demand in the food and pharma, as well as the personal care industry which mitigated fluctuations; enhanced supply chain management also contributed to product availability. Furthermore, neither production cost nor inventory fluctuated widely to signify the volatility of prices in the business. This is due to the market’s ability to effectively balance supply and demand shocks that prevail in the European region.

This analysis can be extended to include detailed xanthan gum price information for a comprehensive list of countries.

North America Xanthan Gum Price

The performance of Xanthan gum prices in the North American market during the first quarter of 2024 showed that prices were volatile due to related factors that affected the flow of prices. The market dynamics included shifts in public demand, product offers, skyrocketing freight costs, and decreased importation from Asia. Inadequate supply of goods from the food, cosmetics, and oil and gas industries, together with disrupted supply chains, embarked on fluctuating prices. Due to cut down on imports from Asia, a major supplier, along with escalating expenditure, the market was strained. These factors together forged conditions of insecurity in price determination of xanthan gum in North America.

Specific xanthan gum historical data within the United States and Canada can also be provided.

Middle East and Africa Xanthan Gum Price

The report explores the xanthan gum pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on xanthan gum prices for countries can also be provided.

Asia Pacific Xanthan Gum Price

In the first quarter of the year 2024, the market of xanthan gum in the Asia-Pacific region established a stable condition. However, compared to the difficulties encountered in the last quarter with sales with low consumer interest, fewer inquiries, and excess inventory, March showed a qualitative change in the situation. Above Q1 2024, the demand showed signs of gradual improvement and from the second half of Q1, the demand started improving consistently and crossed the march levels indicating a revival in sentiments. This was a result of growth in the demand from the food and beverage, personal care, and oil and gas industries, a positive signal, and more balanced in the market of the APAC region for xanthan gum.

This xanthan gum price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Xanthan Gum Price

The analysis of xanthan gum prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of xanthan gum pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting xanthan gum price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The xanthan gum price charts ensure our clients remain at the forefront of the industry.