Gum Arabic Market to Surpass US$ 654.1 Mn by 2030
The Gum Arabic Market was valued at US$ 405.8 million in 2022, according to Gum Arabic Market Report, By Gum Type(Acacia Senegal, Acacia Seyal), By Application(Food and Beverages (Beverages, Jams and Jellies, Bakery, Confectionery, Dairy Products), Pharmaceuticals & Dietary Supplements, Personal Care & Cosmetics, Paints & Inks, Others(Meat Processing, etc)), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), published by Coherent Market Insights.
The global gum Arabic market is estimated to account for US$ 405.8 Mn in terms of value by the end of 2022.Gum Arabic is extracted from Acacia species, is classified as a natural emulsifier that is widely used across pharmaceuticals, food & beverages, cosmetics, and paints. It has an amber colour and is sticky in nature. Moreover, it is also used as a thickening agent in the manufacturing of the chewing gums. Furthermore, it is also used as an additive in ceramic glaze and as a binder for the production of watercolour paints.
Statistics:
Drivers:
Growing demand for natural gum Arabic
Growing demand for natural gum Arabic from food & beverage industry as a natural binder is primarily fuelling the market growth of the gum Arabic. It has stability in low pH environments and is key ingredients for beverages as it has low viscosity properties. It is also gaining huge demand on the account of its instant soluble solution properties which is used in the preparation of dry spray for powder encapsulation, which is further used in the encapsulation of aromas, and flavours.
Market Opportunities
Growing demand for gum Arabic from other end user industries
Growing demand for gum Arabic from other end user industries, such as paper manufacturing industry is projected to provide lucrative opportunities to the market of gum arabic. Various manufacturers are introducing modified gum arabic solutions in order to meet the rising demand from various end user industries. Thus, growth is also attributed to a rise in the end user industries across developing regions is expected to propel the market growth.
Market Restraints
Easy availability of substitute for gum arabic
Easy availability of substitute for gum arabic as a binder such as synthetic binders are expected to hinder the market growth. Synthetic is inexpensive and does not require pre-hydration and can be used as an agent with lower foaming capability along with less sediment formation. Hence, the easy availability of substitutes is expected to restrict market growth.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/gum-arabic-market-4103
Key Takeaways:
For segment 1 information:
On basis of region, North America is dominating global gum arabic market by value in 2022 with 40%, followed by Asia pacific and Europe, respectively.
For segment 2 information:
On the basis of application, food & beverage segment dominated the global gum arabic market in 2022, accounting for 58% share in terms of value, followed by pharmaceuticals & dietary supplements and personal care & cosmetics, respectively. Gum arabic has higher benefits as compared to gelatin, starch, and other additives, which are used in beverages. Gum Arabic is comparatively a better stabilizing and emulsifying agent. manufacturers of edible flavors, concentrates, syrups and other beverages are using gum arabic as a functional ingredient in fruit-flavored water, and beverages, soft drinks, smoothies, and soft-alcoholic drinks.
For segment 3 information:
On the basis of gum type, Acacia Senegal segment dominated the global gum arabic market in 2022 accounting for 58 % share in terms of value, followed by Acacia Seyal. Acacia Senegal trees grow in all seasons and in all types of climatic conditions and soil textures. They can also be cultivated in drier parts of the world as they are drought tolerant.
Market Trends
Trend 1
Product innovation by major players is a trend in the market and this trend is expected to foster the market growth of gum arabic. For instance, In July 2021, Polygal AG and Clariant team up to develop and supply natural tara-gum rheology modifiers to the personal care industry. The new partnership Combines Polygal’s long term expertise in plant-derived hydrocolloids with clariant deep technological innovation and formulation know-how in personal care.
Trend 2
Agreements and partnerships among key manufacturers is a major trend in the market of gum arabic. This trend is expected to bolster the market growth of the gum arabic. For instance, In march 2020, Frabest brands has partnered with CARAGUM international , which specializes in developing and manufacturing stabilizer systems for the food industry. CARAGUM International focuses primarily on developing stabilizers for liquid products, including beverages, flavoured emulsions and sauces.
Competitive Section:
Company Names
- 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
- E. Roeper GmbH
- Mountain Rose Herbs, Inc.
Few Recent Developments
In august 2022, ADM accelerating the commercialization of sustainable foods Asia announced the official inauguration of their joint venture company, Scaleup Bio. It is the first company in Singapore to provide contract development and manufacturing organization services for precision fermentation for food application.
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