Global Gum Arabic Market: Application and Forecast Till 2028
Market Overview
The demand for gum arabic is growing at an incremental pace of
development on the global stage. Market Research Future, a firm which
specializes in market reports related to the Food, Beverages & Nutrition
sector among others, recently forecasted in its report on Global Gum Arabic
market size Research Report- Forecast to 2023 that the market will demonstrate
an exceptional CAGR % while achieving good growth rapidly in the forecast
period.
Gum arabic is type of natural gum obtained from various species of the
acacia tree. Majority of gum arabic is collected from Acacia Senegal species
across the world. Gum arabic is largely used for making the chilled, sweetened,
and flavored desserts in Middle East and African region. Many food and beverage
manufacturers use gum arabic as emulsifier, thickening agent in icing, filling,
chewing gum and other confectionery products. Gum arabic application in
pharmaceutical along with personal care products is growing at significant rate
from last few years. Increasing use of gum arabic in ceramic, printmaking and
painting will play key role in the growth of Gum Arabic market size in upcoming
years.
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The growing inclination of consumers towards natural and clean labelled
product is also positively impacting Gum Arabic market size as it is obtained
from natural sources. Furthermore, the consumption of the product has increased
in recent years owing to its high fiber content. It also helps in regularizing
bowel movement and treat constipation. The product is colourless, odourless,
tasteless as well as it has high water-solubility. These properties of the
product further augment the market growth. Also, due to increasing awareness
regarding the health benefits of gum arabic, the demand for the product is
expected to grow significantly during the forecast period.
Latest Industry Updates
Dec 2016 Alland & Robert
launched gum emulsifier made from acacia in U.K. market. The product is
odorless, colorless, and tasteless. The product is also eco-friendly and clean
labelled.
Sep 2016 TIC Gums
expanded its advanced portfolio of texture and stability solutions with
Ticaloid Ultrasmooth NGMO Original for Non-GMO Instant Protein beverages.
Jul 2016 TIC Gums new clean
label texture and stability solutions for use in alternative beverages, gummy
applications, and ice cream formulations.
Global Gum Arabic market size -
Competitive Analysis
The major key players in the industry are focusing on R&D, to bring
up new products in the market. With companies aiming to capture a considerable
share of the market segment as early as possible, they are competing and
experimenting with various advantage points. The best long-term growth
opportunities for this sector can be captured by ensuring ongoing process
improvements and financial flexibility to invest in the optimal strategies. In
addition, industries are inclined towards product promotions through social
media, magazines and other mediums in order to reach out to customers. The
promotional strategy aids in retaining the existing customers and also to
regenerate new customer base.
The key players profiled in Gum Arabic are Kapadia Gum Industries Pvt.
Ltd. (India), TIC Gums (U.S.), Nexira (France), AEP Colloids, div. of Sarcom
Inc. (U.S.), Drytech Processes (I) Pvt Ltd (India), Guangzhou ZIO Chemical Co.,
Ltd. (China), and Kantilal Brothers (India) among many others.
Global Gum Arabic market size – Segments
The global Gum Arabic market size has been
divided into species, function, application, and region.
On The Basis Of Species: Senegalia Senegal,
Vachelia Seyal
On The Basis Of Function: Thickener,
Emulsifier, Stabilizer, Binder, Texturant, Others
On The Basis Of Application: Food &
Beverages, Pharmaceuticals, Cosmetics, Others
On The Basis Of Region: North America,
Europe, Asia Pacific and ROW.
Global Gum Arabic market size -
Regional Analysis
The Global Gum Arabic market size is segmented into North America,
Europe, Asia Pacific, and rest of the world (ROW). Rest of the world mainly
North African region has the major market share followed by Asia Pacific.
Majority of gum arabic produced in Sudan which is located in North African
region. Gum arabic is the second export commodity and playing major role in
economy of Sudan. Gum arabic from Sudan is produced from Acacia Senegal
species. Plantations and naturally regenerated stands are owned by individuals,
government or cooperative bodies in Sudan. From last few years gum production
in India and China has increased at significant rate which is supporting the
market growth in Asia Pacific region.
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Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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