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Locust Bean Gum Market Growth to be Affected by Consolidation of Leading Vendors
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The seeds are dark in color & chocolate covered pads that are about 10-20 cm long. After factory receives the beans, the beans are dried, then separated from the shells and ground to a fine powder (Locust bean gum powder). The taste of the powder is sweet and is similar to chocolate, it is used as a substitute for chocolate. Level of usage in production of the product is 0.5- 1%. It improves gel strength and mainly used for thickening agent as it help in creating high viscosity. Locust bean gum demand has been increasing from the end user industries including food & beverages, textile, pharmaceuticals, paper, oil drilling fluids and cosmetics.
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ocust Bean Gum: Drivers
Locust Bean Gum significantly growing over the past few years and has been replaced Guar gum application in food & Beverages, which is expected to be the key driving factor for the future market increasing growth. LBG application is increasing in oil, drilling fluids, pharmaceuticals & cosmetics demand shows a positive impact growth in the upcoming forecast period. However the low price of the locust bean gum earns very less profit Worldwide.
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Locust Bean Gum: Key Players
Some of the key participating players of Locust Bean Gum are EI Dupon De Nemours & Company, Cargill, LBG Silica Ingredients, Fiberstar Inc., FMC Specialty Chemicals, Gum Technology Corporation, CP Kelco, Kerry Group, TIC Gums Incorporation, G Araouzos & Son, Ceamsa, Scalzo food Industries.
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