The Carob Bean Gum Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Carob Bean Gum Market is estimated to be USD XX million in 2016 and predicted to rise to USD XX million by 2021 with a CAGR of XX%. The market is segmented by Form (Powdered and Gel) and by Application (Food Products and Non Food Products). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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.
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.
Europe 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. Asia Pacific is the fastest growing region due to increasing adoption rate and increasing demand for natural additives and enhancers.
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.
Browse through the full report at “https://www.marketdataforecast.com/market-reports/carob-bean-gum-market-5847/” and checkout our recent reports in the Additives category at “https://www.marketdataforecast.com/subcategory/food-additives-9/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.