Gum Arabic Market is growing at a strong growth rate over the forecast period from 2020 to 2024, according to Market Research Future (MRFR), driven by the growing demand for gum Arabic from food and beverage and industries as a stabilizer, texturant, fat replacer, and thickening agent. The growing commercial power of consumers in developing parts of the world is likely to drive the demand for the various applications of gum Arabic in the coming years, leading to stable growth of the global gum Arabic market over the forecast period.
The growing demand for bakery foods, nutraceutical products, and personal care products is also likely to be a major driver for the global gum Arabic market over the forecast period. Gum Arabic plays a crucial role in these applications by maintaining the stability and consistency of the respective product and is likely to remain in demand over the forecast period due to its natural origin, which makes it immune from environmental regulations set to impact the food and beverage industry in the coming years. The growing demand for packaged food is also likely to be a key driver for the global gum Arabic market over the forecast period.
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Leading players in the Global Gum Arabic Market include
- Guangzhou ZIO Chemical Co. Ltd.
- Kapadia Gum Industries Pvt. Ltd.
- Drytech Processes (I) Pvt. Ltd.
- Kantilal Brothers
- AEP Colloids
- TIC Gums
Global Gum Arabic Market is dominated by the Middle East and Africa region, where most of the world’s gum Arabic is cultivated. Sudan leads the global market in terms of production and is likely to remain the major contributor over the forecast period due to the presence of widespread acacia forests in the Sahel region of Africa.
Asia Pacific is also home to a growing gum Arabic market, with China and India likely to emerge as leading producers of gum Arabic in the coming years.
The global Gum Arabic Market has been segmented based on Species, Function, Application and Region
Based on function, the global Gum Arabic Market has been segmented into Thickening Agent, Fat Replacer, Stabilizer, Gelling Agent, Coating Agent, Texturant and others. The application of gum Arabic as a thickening agent is the highest earning function segment in the global gum Arabic market.
Based on application, the market is segmented into bakery foods, beverages, encapsulated flavors, pharmaceuticals, nutraceuticals, personal care products, and others. Pharmaceutical application of gum Arabic is likely to exhibit the highest growth rate over the forecast period due to the highly useful role played by gum Arabic in pharmaceutical formulations as a stabilizer.
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