GUM ARABIC MARKET ANALYSIS

Gum arabic is obtained from Acacia trees which are mainly cultivated in Africa, Sudan, Chad, and Nigeria. It is used as a binding, thickening, and stabilizing agents across the various end user industry, such as cosmetics & personal care industry, pharmaceuticals, and food & beverages.

The Global Glass Tableware Market is projected to surpass US$ 654.1 million by the end of 2030, in terms of revenue, growing at CAGR of 6.1% during the forecast period (2023 to 2030)

Drivers:

Rising demand for natural gum Arabic

Rising demand for natural gum Arabic as a natural dietary fiber which helps in lowering the blood cholesterol and controlling the sugar levels in the blood is augmenting market growth.

Growing demand for high dietary fiber content products among health-conscious consumers is expected to boost market growth. Also, growing geriatric populations around the globe are again anticipated to foster the market growth of gum Arabic.

Rising demand for gum Arabic from the pharmaceutical industry

The rising demand for gum Arabic from the pharmaceutical industry in the formulation of anti-bacterial creams that is expected to foster market growth. Moreover, rising demand for gum Arabic as a suspending, binder, and film-forming agent in the production of tablets is again expected to accelerate the market growth of gum Arabic.

Statistics:

North America region dominated the global gum Arabic market in 2022, accounting for 40% share in terms of value, followed by Asia Pacific and Europe, respectively.

Figure 1. Global Gum Arabic Market Revenue Share (%), By Region, 2022

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Market Restraints

Uncertain climatic changes

Uncertain climatic changes are expected to hamper the supply of the gum Arabic. Moreover, the fluctuating price of gum Arabic is another major factor projected to hinder the market growth over the forecast period.

Political instability in Somalia and Sudan regions

Political instability in Somalia and Sudan regions is projected to restrict the sale of the gum Arabic. This is expected to restrict the market growth of gum Arabic over the forecast timeframe.

Market Opportunities

Growing demand for gum Arabic products

Growing demand for gum Arabic products with clean labelling due to rising preferences for natural ingredients is projected to serve major growth opportunities. Due to rising demand for natural ingredients, various manufacturers are focusing on procuring food ingredients and raw material that are naturally derived. Thus, growing demand for gum Arabic products with clean labelling is expected to fuel the market growth of the gum Arabic.

Opportunity 2

Expanding scope of gum Arabic in dentistry

Expanding scope of gum Arabic in dentistry is expected to provide potential opportunities to the market of gum Arabic. It is a complex polysaccharide that has a neutral pH consisting of mixed magnesium, calcium, and potassium which promote dental re-mineralization. Moreover, it also has some antimicrobial activity which is further fuelling its demand across the dentistry industry. Hence, the growing demand for gum Arabic from dentistry is expected to augment the market growth. 

Statistics:

For any segment information:

On the basis of Gum Type, Acacia Senegal segment dominated the gum arabic market.

Market Trends

Various manufacturers are focusing on promoting their brand in the market and this is a major trend in the market of gum Arabic. Growing demand for organic gum Arabic due to rising awareness regarding the health benefits of the organic gum is further expected to augment the market growth of the gum Arabic. Moreover, increasing disposable income of consumers across developing countries is further expected to fuel the market growth of gum Arabic.

The growing demand for dairy products such as ice-creams, yogurts, and other dairy products is expected to propel the market growth of gum arabic. It is widely used as an encapsulation stabilizer in the production the dairy products. Moreover, expanding e-commerce along with the growing number of various domestic vendors is are further expected to fuel the market growth of the gum arabic over the forecast timeframe.

Figure 2. Global Gum Arabic Market Revenue Share (%), By Gum Type, 2022

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Global Gum Arabic Market- Impact of Coronavirus (COVID-19)

Amidst the global pandemic (Covid-19) crisis and lockdown across nations, the consumer food & beverage industry has been witnessing high demand for household staples, healthy food items, and consumables with longer shelf lives. The companies in food & beverage industry are facing low consumption of its products and supply chain challenges. The companies are focusing on altering its supply chains with the objective of adapting to the present business environment. The changes in consumer buying behaviour may have serious implications on the growth of the Gum Arabic market in the short term.

Competitive Section:

Company Names 

1. Nexira International
2. AEP Colloids Inc.
3. KERRY GROUP PUBLIC LIMITED COMPANY
4. Tic Gums Inc.
5. POLYGAL AG
6. ALLAND ET ROBERT S.A
7. CARAGUM International S.A
8. IMPORTERS SERVICE CORP
9. E. Roeper GmbH
10. Mountain Rose Herbs, Inc.