Middle East and Africa Bean Gum Market was worth USD 0.470 million in 2021 and estimated to be growing at a CAGR of 6.4%, to reach USD 0.600 billion by 2026. 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.
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.
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.
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.
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
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 Type
5.1.1 Guar Gum
5.1.2 Locust Bean Gum
5.1.3 Gum Arabic
5.1.4 Tara Gum
5.1.5 Gellan Gum
5.1.6 Other gums
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Fruit Juices
5.2.2 Soft Drinks
5.2.3 Bread and Pastry
5.2.4 Baby Foods
5.2.5 Confectionaries
5.2.6 Ice Creams
5.2.7 Other food items
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
5.3 End Users
5.3.1 Food and Beverages
5.3.2 Pharmaceuticals
5.3.3 Paper
5.3.4 Textile
5.3.5 Cosmetics
5.3.6 Oil drilling fluids
5.3.7 Y-o-Y Growth Analysis, By End Users
5.3.8 Market Attractiveness Analysis, By End Users
5.3.9 Market Share Analysis, By End Users
5.4 Function
5.4.1 Stabilisation
5.4.2 Texturing
5.4.3 Coating
5.4.4 Gelling
5.4.5 Fat replacer
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 Type
6.1.3.2 By Application
6.1.3.3 By End Users
6.1.3.4 Function
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Type
6.1.4.2 By Application
6.1.4.3 By End Users
6.1.4.4 Function
6.1.5 Market Share Analysis
6.1.5.1 By Type
6.1.5.2 By Application
6.1.5.3 By End Users
6.1.5.4 Function
6.2 Middle-East
6.3 Africa
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 Cargill
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Kerry group
8.3 Scalzo Food Industries
8.4 LBG Sicilia ingredients
8.5 G Araouzos & Son
8.6 Ceamsa
8.7 TIC Gum Incorporation
8.8 CP Kelco
8.9 Fiberstar
8.10 FMC Specialty Chemicals
8.11 Gum Technology Corporation
8.12 E.I. DuPont De Nemours & Company
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
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Apr 2021
