Gum Arabic Market To Grow At A CAGR Of 5.2% Between 2020 And 2027 | Kerry Group Public Limited Company, Tic Gums Inc.,

Acacia species are used to make gum arabic. These trees are primarily grown in Sudan, Central Africa, and West Africa. Gum arabic is employed as an emulsifier, stabiliser, and in the suspension of insoluble medicines. Gum Arabic is also used as a thickening agent in chewing gum production, as a binder in watercolour paint production, as an additive in ceramic glazes, and as an adhesive for cigarette rolling sheets.

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The global gum arabic market is estimated to account for US$ 344.6 Mn in terms of value and 1,27,215 Tons in terms of volume by the end of 2019.

Key Takeaways:

Europe region in global gum arabic market was valued at US$ 128.3 Mn in 2019 and is forecast to grow at a CAGR of 5.2% between 2020 and 2027. According to United States Department of Agriculture (USDA) 2017, European Union (EU) is one of the leading processed food exporter, with roughly twice the exports of the U.S. EU exports of processed food products reached US$ 91 billion in 2012, growing 28% over five years. This increase in demand for gum Arabic from processed food is expected to drive the growth of Europe region in gum arabic market.

Key features of the study:

This report provides in-depth analysis of the global Gum Arabic market, market size (US$ Million & Tons), and compound annual growth rate (CAGR %) for the forecast period (2020–2027)

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, Gum Arabic products, regional outlook, and competitive strategies adopted by the leading players.

Key companies covered as a part of this study include Nexira International, AEP Colloids Inc., Kerry Group Public Limited Company, Tic Gums Inc., POLYGAL AG, ALLAND ET ROBERT S.A, CARAGUM International S.A, IMPORTERS SERVICE CORP, C.E. Roeper GmbH, Mountain Rose Herbs, Inc. among others.

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Market Taxonomy

Global Gum Arabic Market, By Gum Type:
Acacia senegal
Acacia seyal
Global Gum Arabic Market, By Application:
Food and Beverages
Beverages
Jams and Jellies
Bakery

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