Gum Arabic Market Growth Analysis Forecast Report 2019-2024

Posted by Shiva on December 26th, 2019

Gum Arabic Market Overview:

Gum Arabic Market market was worth USD 659.28 million in 2016 and expected to rise at a CAGR of 6.7% to reach USD 911.79 million by 2021. Gum Arabic trees are grown in abundance in central Sudan, central Africa and West Africa. Gum Arabic is generally employed in the food & beverages, pharmaceuticals, personal care markets as emulsifier and stabilizer and as a suspending agent for insoluble drugs. 

Market drivers and restraints:

The global gum Arabic market is assessed to expand with an impressive expansion rate during the forecast period due to the high preference for natural products in the food & beverage business. In addition to that, an increase in consumption of gum Arabic is witnessed due to its high dietary fiber content that aids in healthy digestion and bowel movement. With this, makers are also focusing on promoting the nutritional advantages of gum Arabic as organic or high fiber products

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Report segmented as:

By application:

  • Confectionery
  • Beverage products
  • Bakery products
  • Dairy products
  • Sauces and dressings

By function:

  • Thickener
  • Fat replacer
  • Stabilizer
  • Gelling agent
  • Coating agent
  • Texturant 

By type:

  • Senegalia gum
  • Vachellia seyal gum

Geographical analysis:

The global gum Arabic market has been segmented into four key regions, namely North America, Europe, Asia-Pacific, and the rest of the globe. Asia Pacific is anticipated to be the lead market, owing to the quickly expanding industrial utility of gum. 

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Important market players:

Some of the major players operating in the gum Arabic market are The Gums and Colloids Group (India), Nexira (France), Kerry Group plc (Ireland), Tic Gums Inc (US), Agrigum International Limited (UK), Hawkins Watts Limited (Australia), C. E. Roeper GmbH (Germany), Alpha Agricultural Processing Co. LTD (Sudan), SOMAR Corporation (Japan), Dar Savanna Ltd (Sudan), Harvest Gum Ltd (UK).

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Joined: June 11th, 2019
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