The global xanthan gum market was valued for $0.8 billion in 2018 and is estimated to reach $1.6 billion by 2032, exhibiting a CAGR of 5.9% from 2023 to 2032.  

The xanthan gum market is expanding due to its versatile applications in food and beverage, pharmaceuticals, and cosmetics. Growing demand for gluten-free and processed foods is fueling market growth. Advances in production technology and increasing awareness of its functional benefits further contribute to the market's upward trend.  

Allied Market Research published a report, titled, "Xanthan gum Market By Form (Powder and Liquid), By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade, and Others), By End-use Industry (Food and Beverage, Oil & Gas, Pharmaceutical, Personal Care & Cosmetics, and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis And Industry Forecast, 2023-2032". Xanthan gum is widely used in the food & beverage industry as a thickening, stabilizing, and emulsifying agent. It helps bind ingredients together, providing a better crumb and texture in gluten-free bread, cakes, and other baked goods.