Market Overview
Global COVID-19 Impact on Gum Arabic Market is projected to reach USD 1.2 BN by 2024, registering 4.4% CAGR during the forecast period (2019-2024).
Acacia gum is extensively used in the food and beverage industry as a thickener, stabilizer, and gelling agent. In addition to bakery & confectionery, dairy & frozen products, acacia gum is widely used in winemaking to generate a texture, emulsify, and stabilize the final product. Even in small amounts, its presence has shown excellent outcomes in preserving the color of wine, and in the long term and limiting the appearance of sediment by stabilizing the coloring agents.
Moreover, a high preference for natural ingredients in the food and beverage industry drives the growth of the market. Additionally, the rising consumption of gum arabic in the burgeoning pharmaceuticals and personal care industries accelerates the market size. Gum Arabic is increasingly used in medicines, nutraceutical, and personal care products as emulsifiers and stabilizers and as a suspending agent for insoluble drugs. Due to its high dietary fiber contents, gum arabic aids are used in medicines promoting healthy digestion and bowel movement.
Competitive Analysis
The rapidly growing market for gum arabic appears highly competitive and fragmented due to the presence of many well-established players. To gain a larger competitive share, these players incorporate strategies such as mergers & acquisitions, collaboration, expansion, and product launch. Players invest substantially in R&D and trials to develop new processes. This market demonstrates pretty good growth prospects that are expected to attract new entrants, further intensifying the market competition.
Players leading the Global Gum Arabic Market include The Gums and Colloids Group (India), Nexira (France), Kerry Group plc (Ireland), Tic Gums Inc (US), Agrigum International Limited (UK), Farbest Brands (US), Archer Daniels Midland Company (US), Ashland Global Specialty Chemicals Inc. (US), Alland & Robert S.A (France), Hawkins Watts Limited (Australia), C. E. Roeper GmbH (Germany), Alpha Agricultural Processing Co. LTD (Sudan), SOMAR Corporation (Japan), Dar Savanna Ltd (Sudan), and Harvest Gum Ltd (UK), among others.
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Industry/ Innovations/ Related News
June 23, 2020 – Alland & Robert (France), a leading global supplier of acacia gum, announced its collaboration with a French research company, Biolaffort, to understand the properties of gum arabic, the 100 percent plant-based natural gum. This move would help the companies to gain a deeper technical understanding of the tradition of using acacia gum in wine throughout southern Europe’s winemaking countries. An earlier three-party collaborative contract between Alland & Robert, Biolaffort, and the University of Montpellier SupAgro in France has made it possible to demonstrate and explain the stabilizing properties of acacia gum via an in-depth study of the phenomena involved in the stabilization mechanisms.
Market Segments
The report is segmented into four dynamics;
By Type : Senegalia (Acacia) Senegal and Vachellia (Acacia) Seyal.
By Function: Thickeners, Stabilizers, Gelling Agent, and others.
By Application: Food & Beverages (Bakery & Confectionery, Dairy & Frozen Products, Beverages, Sauces, Dips & Dressings, Others), Pharmaceuticals & Nutraceuticals, Personal Care, and others.
By Region: Americas, Europe, Asia Pacific, and Rest-of-the-World.
Regional Analysis
North America dominates the global Gum Arabic Market. The largest market share attributes to the presence of the prominent consumer markets such as the US and Canada. Also, substantial technological advances in refining techniques increase market sales. Besides, the rising consumption of gum arabic in lower-calorie confectionery products drives the growth of the market. Furthermore, rising demand from the food and beverage sector fosters regional market growth.
Europe stands second in the global gum arabic market, following the North American market closely. The market is predominantly driven by the massive consumption of gum arabic in the wine sector to improve to generate a texture, emulsify, and stabilize the final product. Moreover, the presence of major producers, market players, and a large number of wineries in the region foster the growth of the market.
France, Italy, and Germany are among the major markets contributors to the regional market growth. Besides, the high demand for processed foods and growing inclination towards usages of food additives are substantiating the growth of the European gum arabic market.
The Asia Pacific gum arabic market is growing at a rapid pace. Factors such as the increasing applications of gum arabic in the pharmaceutical and personal care industries positively impact market growth. Besides, the growing consumption of gum arabic in ceramics, printmaking, and painting plays a causal role in the development of the market. The large production of gum arabic in India, China, and Afghanistan contribute to the market growth in the region.
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