Report : Middle East and Africa Xanthan Gum Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Dry and Liquid) and Application (Food and Beverages, Oil and Gas, Pharmaceuticals and Nutraceuticals, Personal Care, and Others)

Food and Beverages is expected to be the fastest growing segment during the forecast period 2021–2028

 According to a new market research study on “Middle East & Africa Xanthan Gum Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form and Application,” is expected to reach US$ 24.00 million by 2028 from US$ 18.85 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides opportunity prevailing in the Middle East & Africa xanthan gum market along with the drivers, trend and restraints pertaining to the market growth. Ramping product innovations in xanthan gum market, fostering demand from oil & gas industry, and multiple-uses of xanthan gum are the major factor driving the growth of the Middle East & Africa xanthan gum market. However, existence of Substitutes hinder the growth of Middle East & Africa xanthan gum market.

In the Middle East & Africa, South Africa had the most COVID-19 cases, followed by Saudi Arabia and the United Arab Emirates. Various companies have remained closed as a result of lockdowns, resulting in a decrease in the production and distribution activities. Slowdown in the demand from various end user industries is negatively impacting the market growth across the region. However, implementation of effective government policies in countries like the UAE have significantly revived the industrial activities across the region which is projected to favor the growth of xanthan gum market in the Middle East & Africa.

The Middle East & Africa xanthan gum market is segmented on the bases of form, application, and country. Based on form, the market is segmented into dry and liquid. In 2020, dry segment held the largest share in the market and liquid is expected to be the fastest growing segment during the forecast period. Based on application, the xanthan gum market is segmented into food and beverages, oil and gas, pharmaceuticals and nutraceuticals, personal care, and others. In 2020, food and beverages segment held the largest share in the market and same segment is also expected to be the fastest growing segment during the forecast period. Based on country, the market is segmented into the South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa. In 2020, Rest of Middle East & Africa held the largest share in the market and Germany is expected to be the fastest growing country during the forecast period.

ADM; Cargill, Incorporated; CP Kelco; Deosen; FUFENG GROUP; HEBEI XINHE BIOCHEMICAL CO. LTD; Ingredion Incorporated; and Solvay are among the leading companies in the Middle East & Africa xanthan gum market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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