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Pulished Date February, 2020
ID: 5643
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Carob Bean Gum Market by Type (Powder, Solid), by End Use (Mining Industry, Leather Industry, Cosmetic Industry, Food and Beverages Industry, Textile Industry), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2021-2026

Pulished: February, 2020
ID: 5643
Pages: 175

Carob Bean Gum Market Overview:

Carob Bean Gum Market was at USD x.xx billion in 2020 and is anticipated to rach an extent of USD x.xx billion, registering a considerable CAGR throughout the outlook period 2021-2026.

Carob gum is a food additive with natural properties and it is made from carob seeds. The carob tree has pods that include both seeds and pulp. The seeds of the carob tree dry when they are removed. The dehydrated seeds are heated to release their natural oils and become tastier before being crushed into a precipitate known as Carob bean gum (CBG). Carob bean gum occurs as a white to yellow-white precipitate. It is specifically the endosperm of the seed that grows crushed to create Carob bean gum powder. The carob bean gum market recognizes CBG as a thickening and stabilizing ground cocoa powder, but it is lower in fat and calories than cocoa. CBG acts as a water carrier in frozen dairy products, dairy products, and sugary foods. Carob bean gum improves the water retention capacity and stabilizes the freezing and melting properties of food products. It has been found to have applications in the textile industry as a sizing agent that improves bonding characteristics between resin systems. Carob bean gum is gluten-free and is sometimes used in foods to impart a chocolate flavor. Although Carob bean gum does not contain a ton of nutrients, it does contain a substantial amount of dietary fiber that is beneficial to health.

Recent Developments

DuPont has announced that it will increase the price of carob gum following a poor carob harvest in the Mediterranean basin this year and extremely low stocks.

Market Drivers and Restraints:

Carob Bean Gum surpasses in the food industry due to its natural properties as a food additive. Commercial grade foods where flavors and flavor enhancers play a potential role is promoting the growth in the global carob bean gum market. In addition, these additives improve the structures and aromas to improve the nutritional value of the consumables. Additionally, food manufacturers have gradually started to prefer natural and custom enhancers and additives to artificial enhancers, promoting healthy additives on the market and providing opportunities to market participants for Carob bean gum. It has been able to enter the market for carob gum, where it is used as a healthier substitute for cocoa powder in baked goods or desserts. The main growth factor of CBG in recent years is attributed to the substitution of guar gum application in food and beverages. However, the carob tree that is the basis of CBG is grown natively in the Mediterranean region. The region during winters damages the carob fruits, which translates into a lower carob yield. The creation of an imbalance between supply and demand due to limited resources may hamper the growth of the global carob bean gum market.

Market Segmentation:

The world market for Carob bean gum is segmented by form and application. According to the form, it is divided into powder and gel. Depending on the application, it is divided into food and non-food applications. Food applications are further segmented into breakfast cereals, salad dressings, meat products, breads, dairy products and others. Depending on the form, the gel form is the most widely used due to its wide use in food processing and the textile industry. Depending on the application, food applications occupy the majority of the market due to its use as a thickener and as a sweetener and substitute for chocolate. In non-food applications, the textile industry dominates the market, while the cosmetics segment is expected to experience the fastest growth.

Regional Analysis:
On the basis of geographic analysis, the market is divided into the regions of North America, Latin America, Europe, Middle East and Africa and Asia-Pacific. Europe has the largest market share due to the presence of market leaders and the intensive use of Carob bean gum in food products and food processing. Asia-Pacific is the fastest growing region due to increasing adoption rate and increasing demand for natural additives and activators.

Impact of covid-19 on Carob Bean Gum Market

COVID-19 likely to influence the food and beverage industry and all its associated industries. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity about the extent and extent of germs impact. Due to this uncertainty, the F&B sector experienced product supply delays. Many companies have launched contingency plans to build deep supply chain facilities around the world. Food manufacturers in different countries started working with local suppliers to overcome ingredient shortages. The F&B culture has emerged over the last few years but will see some challenges with the coronavirus outbreak.

Regional Analysis:

The global market for Carob Bean Gum has been categorized by geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. The Mediterranean region is the main producer of Carob bean gum, which includes countries such as Italy, Portugal, Spain and Morocco. These countries produce almost 70 to 75% of the world's Carob bean gum. European countries are the main producers and consumers of Carob bean gum, followed by North America. The consumption of carob gum in the United States is high and is due to the food industry followed by the cosmetic industry. The United States, Italy, Spain, Germany, the United Kingdom and France are the main manufacturers of Carob bean gum products. Carob bean gum consumption is growing faster in Asian countries and is driving sales among end-use industries. Today, the food and beverage and cosmetic industries use Carob bean gum in large quantities in Asia, followed by the textile and paper and pulp industries. New investments in end-user related manufacturing projects in Asian countries are expected to drive the global Carob bean gum market during the forecast period. Carob bean gum exports to Southeast Asian countries are gaining momentum and the manufacture of Carob bean gum products is expected to face competitiveness. This will drive the global market throughout the forecast period.

Leading Company

Scalzo Food Industries had the largest share of the Carob Bean Gum Market in terms of sales revenue in 2019.

Key Players

Key players in the Carob Bean Gum Market include Kerry Group, Fiberstar Inc., FMC Specialty Chemicals, CP Kelco, TIC Gums Incorporation, Gum Technology Corporation, G Araouzos and Son, Cargill, LBG Sicilia ingredients, and Scalzo Food Industries.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Carob Bean Gum Market, By Type                    

                                6.1.1 Powder    

                                6.1.2 Solid          

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Carob Bean Gum Market, By End-Use                             

                                6.2.1 Mining Industry    

                                6.2.2 Leather Industry   

                                6.2.3 Cosmetic Industry

                                6.2.4 Food and Beverages Industry         

                                6.2.5 Textile Industry     

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-Use             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-Use             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-Use             

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-Use             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-Use             

8. Key Player Analysis                                    

                8.1 Scalzo Food Industries                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Kerry Group               

                8.3 Fiberstar Inc                               

                8.4 FMC Specialty Chemicals                      

                8.5 CP Kelco                      

                8.6 TIC Gums Incorporation                        

                8.7 Gum Technology Corporation                             

                8.8 G Araouzos and Son                

                8.9 Cargill Inc                    

                8.10 LBG Sicilia Ingredients                         

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Application, by term along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Global Carob Bean Gum Market By Region, From 2020-2026 ( USD Billion )
  2. Global Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  3. Global Powder Market By Region, From 2020-2026 ( USD Billion )
  4. Global Solid Market By Region, From 2020-2026 ( USD Billion )
  5. Global Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  6. Global Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  7. Global Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  8. Global Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  9. Global Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  10. Global Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  11. North America Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  12. North America Powder Market By Region, From 2020-2026 ( USD Billion )
  13. North America Solid Market By Region, From 2020-2026 ( USD Billion )
  14. North America Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  15. North America Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  16. North America Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  17. North America Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  18. North America Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  19. North America Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  20. United States Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  21. United States Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  22. Canada Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  23. Canada Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  24. Europe Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  25. Europe Powder Market By Region, From 2020-2026 ( USD Billion )
  26. Europe Solid Market By Region, From 2020-2026 ( USD Billion )
  27. Europe Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  28. Europe Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  29. Europe Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  30. Europe Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  31. Europe Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  32. Europe Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  33. U.K. Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  34. U.K. Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  35. Germany Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  36. Germany Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  37. France Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  38. France Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  39. Italy Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  40. Italy Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  41. Spain Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  42. Spain Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  43. Asia Pacific Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  44. Asia Pacific Powder Market By Region, From 2020-2026 ( USD Billion )
  45. Asia Pacific Solid Market By Region, From 2020-2026 ( USD Billion )
  46. Asia Pacific Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  47. Asia Pacific Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  48. Asia Pacific Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  49. Asia Pacific Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  50. Asia Pacific Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  51. Asia Pacific Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  52. Japan Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  53. Japan Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  54. China Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  55. China Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  56. India Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  57. India Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  58. Australia Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  59. Australia Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  60. South Korea Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  61. South Korea Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  62. Latin America Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  63. Latin America Powder Market By Region, From 2020-2026 ( USD Billion )
  64. Latin America Solid Market By Region, From 2020-2026 ( USD Billion )
  65. Latin America Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  66. Latin America Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  67. Latin America Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  68. Latin America Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  69. Latin America Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  70. Latin America Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  71. Brazil Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  72. Brazil Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  73. Argentina Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  74. Argentina Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  75. Mexico Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  76. Mexico Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  77. Rest of Latin America Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  78. Rest of Latin America Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  79. Middle East and Africa Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  80. Middle East and Africa Powder Market By Region, From 2020-2026 ( USD Billion )
  81. Middle East and Africa Solid Market By Region, From 2020-2026 ( USD Billion )
  82. Middle East and Africa Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  83. Middle East and Africa Mining Industry Market By Region, From 2020-2026 ( USD Billion )
  84. Middle East and Africa Leather Industry Market By Region, From 2020-2026 ( USD Billion )
  85. Middle East and Africa Cosmetic Industry Market By Region, From 2020-2026 ( USD Billion )
  86. Middle East and Africa Food and Beverages Industry Market By Region, From 2020-2026 ( USD Billion )
  87. Middle East and Africa Textile Industry Market By Region, From 2020-2026 ( USD Billion )
  88. Middle East Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  89. Middle East Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )
  90. Africa Carob Bean Gum Market By Type, From 2020-2026 ( USD Billion )
  91. Africa Carob Bean Gum Market By End-Use, From 2020-2026 ( USD Billion )

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