Middle East And Africa Bean Gum Market

Middle East and Africa Bean Gum Market Growth and Forecast (2023 - 2028):

Middle East and Africa Bean Gum Market was worth USD 0.470 million in 2022 and estimated to be growing at a CAGR of 6.4%, to reach USD 0.600 billion by 2028. This market is expected to have a high growth in the forecast period owing to rising demand from end-users like paper, textiles, food and beverages based industries and others.

Market Overview:

Bean Gum are food additives used in various forms such as stabilizers, texture modifiers, thickening agents, fat replicators, and sizing agents. They also have the ability to act as fat replacers since they displace fat in food into water. A few variants like Locust Bean Gum can also be used as a substitute for chocolate since their tastes are quite similar. Their addition into cigarettes enhances their taste.

Drivers and Restraints:

The Middle East and Africa Bean Gum market is driven by factors like busy lifestyle, rising demand for cholesterol free items by health conscious customers, convenience in using them, low price, changing eating trends among other factors. However, this market is restrained by factors like very low profits which affects their future supplies for producing Bean Gum and shortages in resources leading to supply-demand disparity. These factors will hinder the growth of this market in the forecast period.

Middle East and Africa Bean Gum Market Segmentation Analysis:

The Middle East and Africa Bean Gum market is segmented by type into Guar Gum, Locust Bean Gum, Gum Arabic, Tara Gum, Gellan Gum and other gum. By application this market is divided into fruit juices, soft drinks, bread and pastry, baby foods, confectionaries, ice creams and other foods. By end users, the market is divided into food and beverages, pharmaceuticals, paper, textiles, cosmetics and oil drilling fluids. By function they are segmented into stabilisation, texturing, coating, gelling and fat replacer. By end users food and beverages segment has the largest market share owing to their wide spread application in foods. It is followed by paper industry. However, the paper industry is losing its share as Bean Gum are being replaced by other materials. Textile industry is picking up its growth as they are using Bean Gum as sizing agents.

Region Analysis:

Geographically the Middle East and Africa Bean Gum Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Growing preference for healthy foods and increasing demand from end-users is expected to propel this market in the region.

Key Players in the market:

Major Key Players in the MEA Bean Gum Market are

• Cargill
• Kerry group
• Scalzo Food Industries
• LBG Sicilia ingredients
• G Araouzos & Son
• Ceamsa
• TIC Gum Incorporation
• CP Kelco
• Fiberstar Inc
• FMC Specialty Chemicals
• Gum Technology Corporation
• E.I. DuPont De Nemours & Company