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Gum Arabic Market: Increasing Consumer Spending On Dietary And Fiber-Rich Food Products To Boost The Market Growth | Grand View Research Inc.

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Gum Arabic Market: Increasing Consumer Spending On Dietary And Fiber-Rich Food Products To Boost The Market Growth | Grand View Research Inc.

February 02
11:15 2021
Gum Arabic Market: Increasing Consumer Spending On Dietary And Fiber-Rich Food Products To Boost The Market Growth | Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
Gum arabic is majorly sourced from the African region, and has found global appeal on account of the growing food and dairy industry. The gum arabic market is witnessing healthy demand around the world, as it has been found to assist in weight loss, while it’s source, acacia, offers a number of nutritional advantages to consumers.

The global gum arabic market size is projected to become USD 555.9 million by 2025, progressing at 5.9% CAGR during the forecast period, as per a report by Grand View Research, Inc. Gum arabic, also known as acacia gum, is a natural emulsifier used in various applications such as food and beverage, cosmetics, pharmaceuticals, and paints. It is primarily used as a filling and thickening agent in most confectionery items. Besides this, the product is also a major ingredient in traditional lithography, and finds application in a number of industrial processes, which explains its demand from diverse sectors. The market for gum arabic is driven by the rising consumer spending on dietary and fiber-rich food products, particularly in bakery applications. This can be attributed to growing purchasing power of consumers, along with significant spending in the beverage and confectionery industry in developing countries such as China and India.

The rapidly growing bakery industry in several Asian and South American countries and an exponential growth in the sales of natural and functional ingredients used in bakery products are major trends positively influencing the industry growth. Additionally, the ingredient is instantly soluble in various products and helps in the retention of flavors, colors, and aromas in various foods and beverages, which has pushed the product demand among consumers. The ingredient plays a critical role in dairy products as an encapsulation medium and stabilizer. Its air-holding ability improves freeze-thaw stability in ice creams, yogurts, and other frozen desserts. Thriving e-commerce channels and an increasing number of domestic bakery vendors have been providing players major opportunities for growth.

The gum arabic market is broadly segmented on the basis of source and application. The sources include Acacia Senegal and Acacia Seyal, which are two species of the acacia tree. The applications of gum arabic cover a number of diverse sectors such as beverages, dairy products, pharmaceuticals, and confectionary, among others. Key industry players include Gum Arabic Company; Nexira; Kerry Group; Tic Gums Inc.; Agrigum International Limited; Farbest Brands; Archer Daniels Midland Company; Ashland Inc.; Hawkins Watts; and Prodigy NIG Limited. These organizations are promoting market growth through novel product launches, mergers, and acquisitions, among other strategies.

U.S. gum arabic market size, by application, 2015-2025 (USD Million)

Further key findings from the report suggest:

 1        Acacia, which is the source of gum arabic, is a rich source of dietary fiber and aids in weight loss, with researches showing that consuming 30 grams of acacia in powdered form every day aids in weight reduction

2        Some of the major gum-producing Acacia species are present in Senegal, Mali, Burkina Faso, Chad, Niger, Nigeria, Sudan, Tanzania, Kenya, Ethiopia, and Somalia, among other countries, mainly from Africa. Among these, Sudan accounted for 66% of the total crude gum arabic exports, followed by Chad with 13% and Nigeria with 8.5%

3        In terms of application, dairy products are expected to emerge as the fastest growing segment, registering a CAGR of 7.4% over the forecast period. The ingredient serves as an effective encapsulation medium and stabilizer in dairy products

4        By source, acacia Senegal dominated the global market with a share of 66.2% in 2018. These trees are known to yield in all seasons, regardless of soil texture and condition, thus maximizing the yield

5        North America dominated the global market in 2018, accounting for 35.7% of the overall revenue. Growing beverage and dairy industries, driven by rising consumption of ready-to-eat foods, has led to positive developments in the gum arabic market in the region

6        Soaring sales of dairy products, particularly in countries like Japan, China, Australia, and India have been driving the Asia Pacific market, with the region expected to register the fastest growth over the forecast period

7        As per data by Trend Economy, major gum arabic importers in the world in 2019 were France (20% of the global imports), the US (9.82%), India (8.5%), Germany (6.16%), and the United Kingdom (4.53%). These regions are highly populated, thus making the product demand more significant for industry growth

8        As per UNCTAD, semi-processed and unprocessed gum arabic exports have grown three times between 1992 and 2016, with the annual average being 35000 tons in 1992-1994, which rose to 102,000 tons in 2014-2016

9        Manufacturers are concentrating on new product launches, capacity expansions, certifications, and technological innovations in order to cater to the existing and future demand patterns

10TIC Gums announced in September 2018 that they had added Non-GMO Project Verified seals to 13 ingredients in their existing portfolio, which included acacia and guar products

11In March 2020, Farbest Brands announced its partnership with CARAGUM International, which specializes in the development and manufacture of stabilizer systems for the food industry

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Grand View Research has segmented the global gum arabic market on the basis of application, source, and region:

Gum Arabic Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Beverages

  • Dairy products

  • Confectionery

  • Pharmaceuticals

  • Others

Gum Arabic Source Outlook (Revenue, USD Million, 2015 – 2025)

  • Acacia Senegal

  • Acacia Seyal

Gum Arabic Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

List of Key Players of Gum Arabic Market

  • Gum Arabic Company
  • Nexira
  • Kerry Group
  • Tic Gums Inc.
  • Agrigum International Limited
  • Farbest Brands
  • Archer Daniels Midland Company
  • Ashland Inc.
  • Hawkins Watts
  • Prodigy NIG Limited

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6327/ibb

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Mannitol Market – https://www.grandviewresearch.com/industry-analysis/mannitol-market

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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