Gum Arabic Market Overview:
Gum Arabic Market Size was valued at USD 0.80 Billion in 2021. The Gum Arabic market industry is projected to grow from USD 0.93 Billion in 2022 to USD 2 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2022-2030). Gum arabic comes from Acacia species, mainly Vachellia (Acacia) Seyal and Senegalia (Acacia) Senegal. West African, Sudanese, and Central African regions are home to these trees. Gum arabic is commonly used as a suspending agent in insoluble medications. Pharmaceuticals, personal care, and food and beverage sectors all employ it as a stabilizer and emulsifier.
For the research period, the considerable growth rate of the Gum Arabic Market is expected to be driven by rising natural product preferences in the food and beverage industry. Gum arabic products also contain a lot of dietary fiber, which helps with bowel movement and digestion. As a result, the use of gum arabic is continuously rising. Even during the advertising, manufacturers and producers emphasize the nutritional benefits of gum arabic. Furthermore, gum arabic products are in higher demand because they are organic and high in fiber.
Market Segmentation:
• Based on type - Vachellia (Acacia) Seyal and Senegalia (Acacia) Senegal can be named as the two sorts of global Gum Arabic Market. The Senegalia (Acacia) Senegal type segment is estimated to hold the largest market share of these two types over the forecast period. Furthermore, the global market is expected to be the fastest-growing segment globally.
• Based on Function - Based on function, the global Gum Arabic Market is divided into gelling agents, thickeners, stabilizers, and others. The thickeners or thickening function, out of all functions, has the largest market share over the forecast period. It is also expected to be the fastest-growing segment over the study period.
• Based on application: Personal care, pharmaceuticals & nutraceuticals, food & beverages, and others are the application segments in which the global Gum Arabic Market has been classified.
Top Key Players:
Key Gum Arabic Market Players, including Kerry Group plc, Tic Gums Inc, The Gums and Colloids Group, Nexira, Archer Daniels Midland Company, Ashland Specialty Chemicals Inc., Agrigum International Limited, Farbest Brands, Alpha Agricultural Processing Co. LTD, SOMAR Corporation, Hawkins Watts Limited, E. Roeper GmbH, Alland & Robert S.A, Dar Savanna Ltd, Harvest Gum Ltd, and others, are attempting to increase market demand by funding R&D initiatives.
Regional classification:
The global food-grade gum arabic market is divided into several regions based on regional classification, including North America, Asia Pacific, Europe, and the rest of the world. For the research period, the North American area is expected to create the biggest food-grade gum arabic market share. Countries like Canada and the United States contribute more to the growth of the worldwide Gum Arabic Market in this area. Furthermore, during the assessment period, Asia-Pacific is expected to have the greatest growth rate in the global Gum Arabic Market. Because of the growing usage of gum arabic in the personal care and pharmaceutical industries, this region is expanding.
Industry news
According to analysis reports, the global Gum Arabic market will develop at a CAGR of percent between 2022 and 2027, reaching Million USD in 2022. Revenue amounts are projected and forecasted in constant US dollars, with no inflation adjustment. Market analysts, data analysts, and people from connected industries assess product values and regional markets based on revenue and applications market. The market is developing steadily in 2022, and with key players adopting more strategies, the market is predicted to rise over the forecast period. According to the liquid gum arabic market research, the North American region's business is separated into three countries: Canada, the United States, and Mexico.
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