The Gum Arabic 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 Gum Arabic Market is estimated to be USD 659.28 million in 2016 and predicted to rise to USD 659.28 million by 2021 with a CAGR of 6.7%. The market is segmented by application (Confectionery, Beverage products, bakery products, dairy products and sauces and dressings) , by function ( thickener, fat replacer, stabilizer, gelling agent, coating agent and texturant) , by type ( Senegalia Senegal gum and vachellia seyal gum) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The gum arabic market is driven by rising demand in end-user industries, especially food & beverages, pharmaceuticals, and textiles. Additionally, major shift from synthetic chemicals and materials toward naturally sourced products is anticipated to increase demand for gum Arabic in the food & beverages industry. Current sales of gum arabic have dropped to almost half of the all-time peak volumes. This can be attributed to climatic changes due to global warming, excessive exploitation of the acacia tree forests, and political instability of the chief producing nations. Furthermore, chemical manufacturers have developed several synthetic substitutes for emulsification applications. These substitutes, although they cannot match gum arabic’s superior emulsifying capabilities, can be manufactured securely as per market demand.
The market for Gum Arabic is broadly categorized into application, function and type. By application the market is classified into Confectionery, Beverage products, bakery products, dairy products and sauces and dressings. The food and beverage segment is dominating the market. By function the market is segmented into thickener, fat replacer, stabilizer, gelling agent, coating agent and texturant. By type, the market is further analysed under Senegalia Senegal gum and vachellia seyal gum. Senegal gum produces hard gum which is considered good quality owing to having wider applications across the food industry. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Gum Arabic market was dominated by North America followed by Europe. Latin America is expected to grow at a very high CAGR along with the Asia pacific region.
The key players of the market include Gum Arabic Company (Sudan), Nexira (France), TIC Gums (U.S.), Kerry Group (Ireland), and Alland & Robert (France), among others.
Browse through the full report at “https://www.marketdataforecast.com/market-reports/gum-arabic-market-7618/” and checkout our recent reports in the Food & Beverages category at “https://www.marketdataforecast.com/category/food-and-beverages-3/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.