Asia Pacific Carob Bean Gum Market was worth USD XX million in 2020 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2026. Carob Bean Gum is a food additive which is used as a thickening and a gelling agent.
Carob bean gum, which is commonly referred as Locust Bean Gum (LBG) is a vegetable gum that is extracted from seeds of carob tree. After drying the seeds of carob tree, they are heated to release their natural oils and are ground up into a precipitate known as carob gum. Its powdered form is sweet with a flavour similar to chocolate, and used as a substitute to chocolate and also used in cosmetics, cigarettes, and others.
The Growth of market is driven by factors like the taste enhancing and thickening properties of Carob Bean Gum, shifting manufacturer and consumer focus towards natural and customized enhances and additives over artificial enhancers. However factors like seasonal availability of carob beans and supply demand disparities due to shortage of resources may hamper the growth of market.
The Asia Pacific market for Carob Bean Gum is segmented based on Form and Application. Based on Form it is divided into Powdered and Gel. Based on Application it is divided into Food and Non Food Applications. Food application is further segmented as Breakfast cereals, Salad Dressings, Meat Products, Breads, Dairy Products and Others. Non Food Applications is further segmented as Cosmetics, Paper products, Shoe polish, Textiles and Others. Based on geographical analysis, the market is divided into regions of China, India, Japan, South Korea and Australia. China holds the major share in the market due to presence of market leaders as well as extensive use of Carob Bean Gum in the food products and food processing. India is the fastest growing region due to increasing adoption rate and increasing demand for natural additives and enhancers. Based on Form, Gel form is the most widely used due to extensive use in food processing and textile industry. Based on Application, Food applications occupy the major share in the market due to its use as a thickening agent as well as a sweetener and a chocolate substitute. In the Non food applications textile industry is leading the market while cosmetic segment is expected to grow the fastest.
Some of the key players dominating this market include Scalzo Food Industries, LBG Sicilia ingredients, G Araouzos and Son, Gum Technology Corporation, Ceamsa, TIC Gums Incorporation, CP Kelco, FMC Specialty Chemicals, Fiberstar Inc., Kerry Group and Cargill.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Form
5.1.1 Introduction
5.1.2 Powdered
5.1.3 Gel
5.1.4 Y-o-Y Growth Analysis, By Form
5.1.5 Market Attractiveness Analysis, By Form
5.1.6 Market Share Analysis, By Form
5.2 Application
5.2.1 Introduction
5.2.2 Food Applications
5.2.2.1 Breakfast Cereals
5.2.2.2 Salad Dressings
5.2.2.3 Meat Products
5.2.2.4 Breads
5.2.2.5 Dairy Products
5.2.2.6 Others
5.2.3 Non-Food Applications
5.2.3.1 Cosmetics
5.2.3.2 Shoe Polish
5.2.3.3 Paper Products
5.2.3.4 Textile Industry
5.2.3.5 Others
5.2.4 Y-o-Y Growth Analysis, By Application
5.2.5 Market Attractiveness Analysis, By Application
5.2.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Form
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Form
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Form
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Scalzo Food Industries
8.1.1 Overview
8.1.2 Form Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 LBG Sicilia ingredients
8.3 G Araouzos and Son
8.4 Gum Technology Corporation
8.5 Ceamsa
8.6 TIC Gums Incorporation
8.7 CP Kelco
8.8 FMC Specialty Chemicals
8.9 Fiberstar Inc.
8.10 Cargill
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
