GUM ARABIC MARKET ANALYSIS

Gum Arabic MarketSize and Trends

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)

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.

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.