The global Gum Arabic Market size was valued at USD 800.3 Million in 2022 and is projected to reach USD 1167.7 Million by 2030, also is growing at a CAGR of 6.7% from 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Gum Arabic Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Gum Arabic Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. It is the sap of the acacia trees native to Senegal and the Arabian Peninsula that is used to make gum Arabic, a natural emulsifier. It’s useful in a wide range of fields. Arab gum, sometimes called sultana gum, gum arabic, gum senegal, and gum ghatti. African countries such as Sudan, Nigeria, and Chad are responsible for the vast majority of global gum arabic production. Gum arabic is made up of a wide variety of different glycoproteins and polysaccharides, primarily polymers of arabinose and galactose. It is utilized as a stabilizer in the food and soft drink industries and is soluble in water and safe for human consumption. Gum arabic is in high demand around the world since it has so many applications in many industries, from the food and beverage sector to the paint and coatings sector. The report covers the period from 2017 to 2030, with 2022 serving as the base year, and provides historical data and projections for sales volume (in kilotons) and revenue (in millions of U.S. dollars) in the global gum Arabic market. The global market for Gum Arabic is broken down thoroughly in this report. Product, application, and key player-specific regional market sizes are also provided. We factored COVID-19 and other worldwide crises into our market size forecast.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.It provides a detailed description of the drivers and opportunities in the Gum Arabic Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Gum Arabic Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Type-based market segmentation of Gum Arabic identifies Senegalia, Seyal, Senegal, and Vachellia as four distinct product categories. 2021 Gum Arabic market revenue was dominated by the Senegal subsegment. Several submarkets of the Gum Arabic industry can be identified by the product’s intended purpose, such as Thickeners, Stabilizers, Gelling Agent, and others. In terms of Gum Arabic market revenue, the thickeners subsegment was king in 2021. The Gum Arabic market is broken down into submarkets based on end-use industries, such as the food and beverage, pharmaceutical, and personal care industries.
Based on types, the Gum Arabic Market is segmented into:
- Senegalia Senegal
- Vachellia Seyal
Based on application, the Gum Arabic Market is segmented into:
- Confectionary Beverage Products
- Bakery Products
- Dairy Products
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Recent Development
Kerry, in May 2022, opened the most technologically advanced flavor factory in all of Africa. Sustainable nutrition solutions will be manufactured at a new R650 million (€38 million) plant in KwaZulu-Natal, South Africa.
In March of 2020, Farbest Brands joined forces with CARAGUM International®, a leader in the research, design, and production of food-grade stabilizer systems. Beverages, flavored emulsions, and sauces are just some of the liquid items that CARAGUM International aims to stabilize.
Accelerating the marketing of sustainable foods in Asia, ADM launched their joint venture firm, ScaleUp Bio, in August 2022. In the industry of precision fermentation for food applications, this Singaporean firm is the first to offer contract development and manufacturing organization services.
Regional Analysis
The global Gum Arabic market has been broken down by geography to look at how the different parts of the world (including North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India) are faring in the industry. The Gum Arabic region of the world is expected to maintain its current market dominance. In 2022, North America will be the world’s largest market for gum arabic. In terms of the worldwide gum arabic market, North America accounts for 33.4%. As the region with the largest consumer base for food and beverage items, it is predicted to continue its dominance of the worldwide gum arabic industry. The demand for gum arabic in North America can be traced to the continent’s enormous sweets, bakery, and packaged food industries.
Regional Gum Arabic Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Gum Arabic Market include:
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- Gum Arabic Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Gum Arabic Market :
GUM ARABIC, NEXIRA, KERRY, TIC GUMS, AGRIGUM INTERNATIONAL, FARBEST BRANDS, ARCHER DANIELS MIDLAND, ASHLAND, HAWKINS WATTS, PRODIGY NIG, and others.
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