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 2020-2030. 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 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.
Competitive Leaderboard:
Leading players in the global gum Arabic market include Kapadia Gum Industries Pvt. Ltd., Kantilal Brothers, AEP Colloids, Guangzhou ZIO Chemical Co. Ltd., Drytech Processes (I) Pvt. Ltd., Nexira, and TIC Gums.
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.
Regional Analysis:
The global Gum Arabic Whole Price USA 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.
Recent Developments:
- 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.
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