A report on the Global Gum Arabic Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Gum Arabic market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Gum Arabic is a natural emulsifier obtained from the Senegalese and Serial acacia trees. It has many uses in various industries. Gum Arabic, also known as gum sultana, gum arabic, gum senegal, gum ghatti, among other names. Most of the world’s gum arabic is produced in Africa, with countries such as Sudan, Nigeria and Chad producing the most.
Gum arabic is a complex mixture of glycoproteins and polysaccharides, mainly polymers of arabinose and galactose. It is soluble in water, edible, and mainly used in the food industry and soft drink industry as a stabilizer. The gum arabic market continues to grow in demand across the globe owing to its wide range of industrial uses ranging from the food and beverage industry to the painting industry.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Danisco, Genencor, ABF Group, Adisseo, Novozymes, Enzyme Development Corporation, DSM, Alltech, Basf, Takabio. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America dominates the global gum arabic market in 2022. North America holds a market share of 33.4% in the global gum arabic market. The region is expected to continue dominating the global gum arabic market as it is the region with the widest consumption base for food and beverage products.
The demand for gum arabic market has been rising in the United States and Canada owing to the huge market for confectionery, convenience food in bakeries, and packaged food.
Europe is expected to offer huge growth opportunities for the gum arabic market owing to the presence of leading confectionary manufacturers in the region. The European gum arabic market accounted for 40.1% of the global market share.
Asia Pacific is the fastest growing region for the gum arabic market. Japan, India, China, and Australia are expected to register double-digit CAGRs for the foreseeable period owing to surging sales of dairy products.
Moreover, increasing demand for confectionery in the region has positively impacted the growth of the gum arabic market. The market is driven by rising sales of dairy products, especially in countries such as Japan, China, Australia, and India.
Gum Arabic Market Segmentation:
By Type:
- Senegalia Senegal
- Vachellia Seyal
- Other
By Applications:
- Confectionary Beverage Products
- Bakery Products
- Dairy Products
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Gum Arabic Market?
- Who are the top performing companies in Gum Arabic Market?
- Which region dominated the worldwide market for Gum Arabic in 2022?
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- https://www.openpr.com/news/2851325/vehicles-lighting-market-to-witness-massive-growth-from-2022
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