Gum Arabic Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Gum Arabic Market size was valued at USD 800.3 Million in 2022 and is projected to reach USD 1167.7 Million by 2030, also is growing at a CAGR of 6.7% from 2023 to 2030.
Gum Arabic Market Overview:
Gum Arabic is a natural emulsifier obtained from the Senegalese and Serial acacia trees. It has many uses in various industries. Gum Arabic, also known as gum sultana, gum arabic, gum senegal, gum ghatti, among other names. Most of the world's gum arabic is produced in Africa, with countries such as Sudan, Nigeria and Chad producing the most.
Gum arabic is a complex mixture of glycoproteins and polysaccharides, mainly polymers of arabinose and galactose. It is soluble in water, edible, and mainly used in the food industry and soft drink industry as a stabilizer. The gum arabic market continues to grow in demand across the globe owing to its wide range of industrial uses ranging from the food and beverage industry to the painting industry.
Gum Arabic market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Gum Arabic market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Gum Arabic market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Industry News and Key Developments
- In May 2022 - Kerry, opened the largest and most advanced taste manufacturing facility on the African continent. The new R650m (€38m) facility is located in KwaZulu-Natal, South Africa, and will produce sustainable nutrition solutions that will be consumed across the African continent.
- In March 2020 – Farbest Brands has partnered with CARAGUM International®, which specializes in developing and manufacturing stabilizer systems for the food industry. CARAGUM International focuses primarily on developing stabilizers for liquid products, including beverages, flavored emulsions, and sauces.
- In August 2022 – ADM, accelerating the commercialization of sustainable foods in Asia, announced the official inauguration of their joint venture company, ScaleUp Bio. It is the first company in Singapore to provide contract development and manufacturing organization services for precision fermentation for food applications.
Top Key Players include in the Gum Arabic Market are
GUM ARABIC, NEXIRA, KERRY, TIC GUMS, AGRIGUM INTERNATIONAL, FARBEST BRANDS, ARCHER DANIELS MIDLAND, ASHLAND, HAWKINS WATTS, PRODIGY NIG, and others.
The Gum Arabic market research report is categorized based on type, applications and region.
On the Basis of Type:
- Senegalia Senegal
- Vachellia Seyal
On the Basis of Application:
- Confectionary Beverage Products
- Bakery Products
- Dairy Products
On the Basis of Region:
Geographically, the global Gum Arabic market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Gum Arabic region is dominating this market in the upcoming future.
North America dominates the global gum arabic market in 2022. North America holds a market share of 33.4% in the global gum arabic market. The region is expected to continue dominating the global gum arabic market as it is the region with the widest consumption base for food and beverage products.
The demand for gum arabic market has been rising in the United States and Canada owing to the huge market for confectionery, convenience food in bakeries, and packaged food.
Europe is expected to offer huge growth opportunities for the gum arabic market owing to the presence of leading confectionary manufacturers in the region. The European gum arabic market accounted for 40.1% of the global market share.
Asia Pacific is the fastest growing region for the gum arabic market. Japan, India, China, and Australia are expected to register double-digit CAGRs for the foreseeable period owing to surging sales of dairy products.
Moreover, increasing demand for confectionery in the region has positively impacted the growth of the gum arabic market. The market is driven by rising sales of dairy products, especially in countries such as Japan, China, Australia, and India.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Gum Arabic Market report scope
CAGR of 6.7% during the forecast period.
Senegalia Senegal, Vachellia Seyal
Confectionary Beverage Products, Bakery Products, Dairy Products
GUM ARABIC, NEXIRA, KERRY, TIC GUMS, AGRIGUM INTERNATIONAL, FARBEST BRANDS, ARCHER DANIELS MIDLAND, ASHLAND, HAWKINS WATTS, PRODIGY NIG
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Gum Arabic market?
Who are the key vendors of the global Gum Arabic market?
What are the leading key industries of the global Gum Arabic market?
Which factors are responsible for driving the global Gum Arabic market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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