Gum Arabic Market will grow by USD 2 Billion between 2022 and 2030; Kerry Group plc, Tic Gums Inc, identified as key vendors – MRFR
Research Reports
Aug 17, 2023
Gum Arabic Market Insights:
According to MRFR analysis, the global 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).
The global Gum Arabic Market refers to the market for the natural plant-based gum known as gum arabic or acacia gum. Gum arabic is a water-soluble, odorless, tasteless, and colorless substance that is derived from the sap of several species of the acacia tree, mainly the Acacia senegal and Acacia seyal.The global gum arabic market encompasses the production, processing, and distribution of gum arabic products across various regions of the world. The market is influenced by factors such as demand from end-use industries, availability and quality of raw materials, production costs, and regulatory standards.
The COVID-19 pandemic had a mixed impact on the global gum arabic market. The demand for gum arabic in certain end-use industries such as food, beverage, and pharmaceuticals has remained relatively stable, as these products are considered essential and have seen increased demand during the pandemic. On the other hand, the market has faced challenges related to supply chain disruptions, logistics, and production constraints, which have affected the availability and pricing of raw materials, as well as the ability of manufacturers to meet demand.
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Key Players:
Some of the key market players are: Kerry Group plc, 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
Market Segmentation:
The gum arabic market has been segmented into type, function and application.
Based on the Type, the market has been segmented into senegalia, senegal, vachellia and seyal.
Based on the Function, the market has been segmented into thickeners, stabilizers and gelling agent.
Based on the Application, the market has been segmented into food and beverages, pharmaceuticals and nutraceuticals and personal care.
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Regional Analysis:
The largest region of the global gum arabic market is Africa, specifically the countries in the Sahel region of the continent, including Sudan, Senegal, Chad, and Nigeria. These countries are the major producers of gum arabic, accounting for over 80% of the world’s total production.
Sudan is the largest producer of gum arabic globally, accounting for about 60% of the world’s total production. The gum arabic produced in these countries is primarily exported to various regions of the world, including Europe, Asia, and North America.
Here are some of the key trends in the gum arabic market:
- Increasing demand from the food and beverage industry
- Growing demand from the pharmaceutical industry
- Rising demand for natural and organic products
- Expansion of production capacity by major players
- Development of new applications for gum Arabic
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