The global Gum Arabic Market is estimated to grow at a higher rate of 6.78% during the research period between 2022-2030.
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. Gum arabic is gathered from the species called Acacia, which are especially Vachellia (Acacia) Seyal as well as Senegalia (Acacia) Senegal. These types of trees can be seen in the regions of West Africa, central Sudan, and central Africa. Gum arabic are extensively used as a suspending agent in insoluble drugs. It is commonly used as a stabilizer and emulsifier in industries like pharmaceuticals, personal care, and food & beverages.
The increasing natural products preferences in the food & beverage industry are predicted to grow the significant growth rate of the Gum Arabic Market for the research period. Moreover, gum arabic products are high in dietary fiber, which aids in bowel movement and healthy digestion. So, gum arabic consumption is increasing day by day. Even the manufacturers and producers are highlighting the gum arabic nutritional benefits while doing promotions. Moreover, the gum arabic products are more in demand because it is organic and rich in fiber contents.
The liquid gum arabic market report has explained that market of the North American region has divided its business into the countries such as Canada, US, and Mexico. Also, the gum arabic industry of the European region is sub-segmented into France, Italy, UK, Spain, Germany, and the rest of Europe. Moreover, the Asia-Pacific gum arabic industry is divided into the countries like Australia & New Zealand, India, China, Japan, and the rest of Asia-Pacific. Along with that, the liquid gum arabic market has also spread its business in Africa, South America, and the Middle East. This report shows that the global gum arabic liquid demands are not limited to specific regions.
COVID-19 Impact Analysis
Due to the global pandemic, many regions have imposed the guidelines of the shutdown, lockdown, and social distancing. This has directly impacted the growth of the global Gum Arabic Market. The global market was running at a loss, and nobody was ready to invest in gum Arabic products.
Hence, the global key players have adopted certain suitable ideas and tactics to uplift the reduced demands for gum Arabic products. In the present scenario, the global market is predicted to grow its market revenue for the forecast period.
Alternatively, the gum Arabic is widely used in chewing gums production as a thickening agent. In addition, the gum arabic powder is used for ceramic glazes as an additive, for rolling papers as an adhesive, and for manufacturing watercolor paints as a binder. Along with that, gum Arabic is highly used as a microencapsulating agent in confectionery, beverage, bakery, and dairy production in the food industry. Therefore, gum arabic products are the fastest-growing product in the Gum Arabic Market during the assessment period.
Therefore, gum arabic applications are increasing in different industries, which are predicted to drive the global Gum Arabic Market growth.
The growing number of domestic vendors and increasing e-commerce channels are bringing higher growth opportunities for the key players and manufacturers.
Moreover, the growing preferences for natural ingredients among the consumers are another major cause of bringing opportunities for the gum arabic liquid manufacturers and key players.
The global Gum Arabic Market might experience restraints due to the raw material shortage and price fluctuation of the gum Arabic products.
Hence, the gum arabic fiber market is focusing on these restraints to solve these problems by employing new key players to the global market.
The global Gum Arabic Market has recently faced a major challenge that is coronavirus challenge. This global pandemic has affected almost all the manufacturers and producers of the global market, which has directly affected the global market demand.
Hence, the present situation is well because of the effort of the key players in different regions.
In the previous report, the Gum Arabic Market has generated higher market revenue, and further, the global market is expecting to generate more for the forecast period.
Moreover, key players are applying various promotional ideas for thriving the global gum arabic powder products growth.
Market segmentation Overview
On the basis of type segment, the global Gum Arabic Market has been classified into two types: Vachellia (Acacia) Seyal and Senegalia (Acacia) Senegal.
Among these two types, the Senegalia (Acacia) Senegal type segment is predicted to generate the largest market share for the forecast period. Also, the global market has predicted to be the fastest-growing segment across the world.
The global Gum Arabic Market is classified into the gelling agent, thickeners, stabilizers, and others based on the function segment.
Out of all functions, the thickeners or thickening function dominates the forecast period's major market share. Also, it has been predicted to be the fastest-growing segment in the research period.
Based on the application segment, the global Gum Arabic Market has been classified into personal care, pharmaceuticals & nutraceuticals, food & beverages, and others.
Further, the food & beverages application segment is classified into dairy & frozen products, bakery & confectionery, dips & dressings, beverages, sauces, and others. Thus, the food & beverages application segment is predicted to increase the highest revenue share for the food-grade gum arabic market.
Global Gum Arabic Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
Based on the regional classification, the global food grade gum arabic market is segmented into various regions such as North America, Asia Pacific, Europe, and the rest of the world. The North American region is predicted to generate the largest food-grade gum arabic market share for the research period. In this region, the countries like Canada and the US are contributing higher to the growth of the global Gum Arabic Market.
Moreover, Asia-Pacific is predicted to generate the highest growth rate in the global Gum Arabic Market during the assessment period. This region is growing because of the increasing gum arabic application in the personal care and pharmaceuticals industries. Apart from that, the increasing gum arabic usages in painting, ceramics, and printmaking are estimated to play an important role in the gum arabic industrial growth in this region. Moreover, gum arabic is extensively used in lower-calorie confectionary products to replace the loss of mouthfeel, texture, and body. Usually, this occurs because of the sugars replacement by artificial sweeteners. Also, gum arabic is widely used as a pigment stabilizer and as a coating agent in chewing gum. Furthermore, gum arabic consumption is predicted to increase at a high rate due to increasing industries in the Asia-Pacific region and increasing food & beverages industry in the gum arabic market in North America region.
Competitive analysis of the global market
The Global Gum Arabic Market is growing its gum arabic products demand across different geographical locations with the help of major key players of the global market. These important key players are:
These top-level key players are giving focus on the gum arabic benefits. So, the key players can provide better outcomes to their consumers. Along with that, their good ideas and tactics are propelling the growth of the global gum Arabic market.
The global gum arabic structure market report has highlighted that qualitative and quantitative analysis is the best tool to measure the global Gum Arabic Market. Here, the global report has explained the global performance of the Market in various regions. This report has involved many industry experts and leaders view to understand the major challenges and issues of the global market.
Moreover, the gum arabic structure market report has highlighted the recent developments and given a brief view of the gum arabic market’s upcoming future. This report has also given the focus on the global market’s technological advancement, growth factors, market value, market size, and market share to understand the cumulative growth of the global market. Along with that, the report is explaining about the adopted strategies and ideas by the key players. The report has also given the emphasis on the market segments and different regions to provide better information related to the gum arabic benefits.
|Market Size||USD 1,653.88 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Function, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||Growing number of domestic vendors and increasing e-commerce channels|
|Key Market Drivers||Increasing gum arabic applications in different industries|
The projected gum arabic market valuation would be USD 1,653.88 million.
The projected CAGR for gum arabic market would be 6.78% during the forecast period.
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) are some of the top players in the global gum arabic market.
The food & beverage segment would lead gum arabic market.
The Senegalia segment would lead gum arabic market.
The thickeners or thickening segment would drive Gum Arabic Market.