New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Food & Beverages market research firm, has published competitive intelligence and market research report on “Gum Arabic Market“. The Gum Arabic market size was valued at USD 458.1 Mn in 2021. The total Gum Arabic Market revenue is expected to grow at a CAGR of 6.1 percent from 2022 to 2029, reaching USD 735.7 Mn during the forecast period.
| Market Size in 2021 | USD 458.1 Mn |
| Market Size in 2029 | USD 735.7 Mn |
| CAGR | 6.1 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 272 |
| No. of Tables | 125 |
| No. of Charts and Figures | 115 |
| Segment Covered | By Application, and Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Gum Arabic Market Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of the Gum Arabic Market. The Gum Arabic Market is segmented by application and type. The report on Gum Arabic market is an investor guide that provides a comprehensive analysis of the competitive benchmarking of major market players in the Gum Arabic Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
The competitive analysis of the Gum Arabic Market provides details of the goods and services, the company’s target market, the changes in consumer patterns during the forecast period and pricing analysis. Major manufacturers in the Gum Arabic Market are listed by region, total market revenue, financial status, advancements in gum manufacturing adopted by the market players, and mergers & acquisitions. Data for analysis from the Gum Arabic Market research is collected by both primary and secondary research methods.
The report is a detailed analysis of the Gum Arabic Market by country, regional and global presence. By collecting historical data pertaining to the industry, current and future trends in the Gum Arabic Market are presented in the report along with growth rate and market size over the forecast period. The report also includes micro-level Market dominance by region to gain a micro-level understanding of the Gum Arabic Market.
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Gum Arabic Market Overview
Gum Arabic is also known as Gum Sudani, acacia gum, Indian gum, and by many other names. The Arabic Gum is harvested commercially from wild trees, mostly in Sudan. It is a complex mixture of glycoproteins and polysaccharides, which are polymers of arabinose and galactose. This gum contains water-soluble fiber, which helps in controlling blood sugar and helps in lowering cholesterol levels.
Gum Arabic Market Dynamics
Gum Arabic is witnessing increasing popularity of natural and organic products in the food and beverage industries. This popularity is mainly due to their high dietary fiber content helps in digestion. Both these factors coupled together are expected to boost the Gum Arabic market growth over the forecast period. Manufacturers and producers are emphasizing the nutritional benefits of gum arabic in their material, experiencing high demand due to organic and high fiber content that is expected to drive the Gum Arabic market growth. Gum arabic is used as a thickening agent in the production of gum, also used in the food industry as a microencapsulating agent in confectionery, beverage, and dairy production which fuels the Gum Arabic Market growth.
Growing consumer preferences for natural ingredients is key to present lucrative opportunities for the Gum Arabic Market growth. However, shortage of raw material and fluctuations in the price of gum arabic products are expected to restrain the Gum Arabic Market growth. Consumption of Gum Arabic lead to reduction of body mass index and body fat percentage, which is expected to hinder the Gum Arabic Market.
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Gum Arabic Market Regional Insight
The North American region dominated the Gum Arabic Market with 38 percent of total market share in 2021. Use of Gum Arabic in end-use application such as pharmaceutical, food & beverage industry in the region is expected to fuel the regional Gum Arabic Market growth. Gum Arabic is a good color preservative & inhibitor and stable in acidic conditions where it is used as emulsifier in the production of cola flavour oils and soft drinks. Such properties are expected to influence the regional Gum Arabic Market growth.
The Asia-Pacific region is expected to hold the largest Gum Arabic market share over the forecast period. Increase in the sale of dairy products and expansion in manufacturing industries in the region is expected to fuel the regional Gum Arabic Market growth. European region is expected to witness growth at a significant growth rate during the forecast period.
Gum Arabic Market Segmentation
By Application:
- Pharmaceutical
- Food & Beverages
- Personal care & Cosmetics
- Paints
- Others
By Type:
- Acacia Seyal
- Acacia Senegal
Gum Arabic Market Key Players include:
- Nexira
- Kerry Group
- Tic Gums Inc
- Agrigum International Limited
- Farbest Brands
- Archer Daniels Midland Company
- Ashland Inc.
- Hawkins Watts
- Prodigy NIG Limited.
- AEP Colloids
- Archer Daniels Midland
- Ashland
- CARAGUM International
- Farbest Brands
- Hawkins Watts
- KANTILAL BROTHERS
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Key questions answered in the Gum Arabic Market are:
- What is Gum Arabic?
- What was the Gum Arabic market size in 2021?
- What is the expected Gum Arabic market size by 2029?
- What is the growth rate of the Gum Arabic Market?
- Which are the factors expected to drive the Gum Arabic market growth?
- Which factors are expected to restrain the Gum Arabic market growth?
- Which segment dominated the Gum Arabic market growth?
- What is the demand pattern for the Gum Arabic market?
- Which region held the largest share in the Gum Arabic market?
- Who are the key players in the Gum Arabic market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application and Type
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Oat Gum Market: The total market size is expected to grow at a CAGR of 6.5 percent throughout the forecast period to reach USD 1352.37 Mn by 2029 from a value of USD 817.14 Mn in 2021. Tendency of masses towards items wealthy in fiber content suppers, gluten-free, sugar-free, less cooking time are the factors expected to drive the market growth.
Gellan Gum Market: The total market size is expected to reach USD 275.2 Mn by 2029 from USD 170.1 Mn in 2021, at a CAGR of 6.2 percent during the forecast period. The increasing application like utilized as an emulsifier in gellan gum in the food & beverage industry, together with several advantages are expected to drive the market growth.
Tara Gum Market: The total market size was valued at USD 22.65 Mn in 2021 and is expected to reach USD 27.59 Mn by 2029, at a CAGR of 2.50 percent during the forecast period. The health concerns among consumers about the consumption of appropriate diet to avoid occurrences of diseases is expected to drive the market growth.
Chewing Gum Market: The total market was valued at USD 17.43 Bn in 2021 and is expected to reach USD 20.43 Bn by 2029 at a CAGR of 2.01 percent during the forecast period. Innovation in products with sugar-free variants and growing consumer concern for oral health are the factors expected to drive the market growth.
Cellulose Gum Market: The total size is expected to reach nearly USD 365.08 Bn by 2027 with the CAGR of 4.3 percent during the forecast period. Growing awareness of people about health and a healthy diet, changing lifestyles of people are expected to drive the market growth.
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