Gum Arabic Market Overview:
The global Gum Arabic Market is estimated to grow at a higher rate of 6.78% during the research period between 2022-2030. Further, it has estimated to reach USD 1,653.88 million by the end of the year 2030.
According to Market Research Future (MRFR), driven by the growing demand for gum Arabic from food and beverage and industries as a stabilizer, texturing, fat replacer, and thickening agent. The growing commercial power of consumers in developing parts of the world is likely to drive the demand for the various applications of gum Arabic in the coming years, leading to stable growth of the global gum Arabic market over the forecast period.
The growing demand for cold aerated beverages is likely to be a major driver for the global Gum Arabic Market Share over the forecast period. Gum Arabic is used in aerated drinks as a stabilizer and works by preventing the sugar from settling to the bottom and remaining attached to the beverage. This vital application of gum Arabic has made it a vital ingredient for the global beverage industry and is likely to remain the major driver for the global gum Arabic market over the forecast period. The growing demand for aerated beverages in emerging regions such as Asia Pacific as well as the steady demand in developed regions such as the U.S. and Western Europe is likely to be a major driver for the global gum Arabic market over the forecast period.
The growing demand for bakery foods, nutraceutical products, and personal care products is also likely to be a major driver for the global gum Arabic market over the forecast period. Gum Arabic plays a crucial role in these applications by maintaining the stability and consistency of the respective product and is likely to remain in demand over the forecast period due to its natural origin, which makes it immune from environmental regulations set to impact the food and beverage industry in the coming years. The growing demand for packaged food is also likely to be a key driver for the global gum Arabic market over the forecast period.
Top Key Players:
Kerry Group plc (Ireland), Tic Gums Inc (US), The Gums and Colloids Group (India), Nexira (France), Archer Daniels Midland Company (US), Ashland Global Specialty Chemicals Inc. (US), Agrigum International Limited (UK), Farbest Brands (US), Alpha Agricultural Processing Co. LTD (Sudan), SOMAR Corporation (Japan), Hawkins Watts Limited (Australia), E. Roeper GmbH (Germany), Alland & Robert S.A (France), Dar Savanna Ltd (Sudan), Harvest Gum Ltd (UK)
Which region is expected to be the most profitable for the growth of the gum Arabic industry?
With a 33.4% share of the total gum Arabic industry, North America is expected to be the most opportunistic.
What industries are analyzed in the study on the Arabic gum industry?
Based on Type, Function, Application, and Geography, the Arabic gum industry is segmented.
Gum Arabic Market Segmentation:
The global gum Arabic market has been segmented based on species, function, application, and region.
By Type: Senegalia (Acacia) Senegal and Vachellia (Acacia) Seyal
By Function: Thickeners, Stabilizers, Gelling Agent, and others
By Application: Food & Beverages (Bakery & Confectionery, Dairy & Frozen Products, Beverages, Sauces, Dips & Dressings, and others), Pharmaceuticals & Nutraceuticals, Personal Care and others
By Region: North America, Europe, Asia-Pacific, and Rest of the World – Forecast till 2030
Based on application, the market is segmented into bakery foods, beverages, encapsulated flavors, pharmaceuticals, nutraceuticals, personal care products, and others. Pharmaceutical application of gum Arabic is likely to exhibit the highest growth rate over the forecast period due to the highly useful role played by gum Arabic in pharmaceutical formulations as a stabilizer.
The global Gum Arabic Prices market is dominated by the Middle East and Africa region, where most of the world’s gum Arabic is cultivated. Sudan leads the global market in terms of production and is likely to remain the major contributor over the forecast period due to the presence of widespread acacia forests in the Sahel region of Africa.
Sudan is also the site of an innovative UN effort to make the local women self-dependent by training them to do various useful activities, including harvesting gum Arabic. This effort was initiated in 2017 and has so far resulted in an income increase for 87% of the participants. Thus, the gum Arabic market in the region is likely to grow at a steady growth rate over the forecast period.
Asia Pacific is also home to a growing gum Arabic market, with China and India likely to emerge as leading producers of gum Arabic in the coming years.
- In December 2020, the Gum Arabic export, or the Acacia Gum, was launched for the first time by the South Sudanese government.
- In January 2020, a new document explaining acacia gum and its benefits in reducing sugar consumption had been released by Alland & Robert.
- In June 2018, a cost-effective gum Arabic emulsifier called CaraGum EM CG 108-2 had been launched by CaraGum.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071