Gum Arabic Market Size to reach $1.2 Bn by 2024, growth rate 4.4%: Market Research Future

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 Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.

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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 in upcoming years.

The growing inclination of consumers towards natural and clean labelled product is also positively impacting gum arabic market 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 - 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.

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Global Gum Arabic Market - Segments

The global Gum Arabic market 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 - Regional Analysis

The Global Gum Arabic market 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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This release was published on openPR.