Gum Arabic Market Size 2021-2031 | Drivers and Opportunities
The Gum Arabic Market size is projected to reach US$ 1,257.87 million by 2031 from US$ 781.80 million in 2023. The market is expected to register a CAGR of 6.1% in 2023–2031. Rising awareness regarding the health benefits of organic gum is likely to remain key Gum Arabic Market trends.
Gum Arabic Market Analysis
Gum arabic is used in food and beverages, pharmaceuticals, and personal care industries. Gum arabic serves as a thickening agent in the production of chewing gums, as a binder in watercolor paints, as an additive in ceramic glazes, and the rolling papers used in cigarettes. Also, gum arabic is the most popular natural emulsifier known globally, owing to its diverse applications. Gum arabic will register enormous growth in the upcoming year due to the global demand for natural products in the food and beverage industries. Consumers have switched to consuming natural food items because of the health benefits that are associated with natural foods. Gum arabic is used as an emulsifier, stabilizer, and thickening agent in icing, soft candy, fillings, chewing gum, and other confectionery and to bind the sweeteners and flavorings in soft drinks. Moreover, gum arabic is used in traditional lithography and printing. Gum arabic also provides the ink with excellent adhesion power that aids the permanence of the print. Hence, the diversity in the application of gum arabic is a strong factor driving the growth of the market globally.
Gum Arabic Market Overview
Gum arabic, also known as acacia gum, gum sudani, arabic gum, gum acacia, acacia, Indian gum, Senegal gum, and by other names, is a natural gum produced from the sap of the Acacia trees, available in the belt of arid lands in Africa, such as Sudan, Nigeria, and Chad. Gum arabic is extensively used in several application bases in the food & beverages industry. It acts as a binding agent to bind the food ingredients and significantly retain their physical characteristics. The rising application of gum arabic across the pharmaceutical and food & beverage industry provides lucrative opportunity for the major players operating in the Gum arabic market.
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Gum Arabic Market: Strategic Insights
Market Size Value in US$ 759.74 Million in 2019 Market Size Value by US$ 1,206.35 Million by 2027 Growth rate CAGR of 6.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Gum Arabic Market: Strategic Insights
| Market Size Value in | US$ 759.74 Million in 2019 |
| Market Size Value by | US$ 1,206.35 Million by 2027 |
| Growth rate | CAGR of 6.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Gum Arabic Market Drivers and Opportunities
Growing Awareness regarding Multi-Functionality of Gum Arabic
Gum arabic is considered to be natural, edible, and generally safe for human consumption. It has been used to treat various diseases improves the patients' digestive systems and appetite. Gum arabic is categorized as a nondigestible dietary fiber. It also exhibits some medicinal benefits, such as reducing dental plaque and healing of wounds, which encourage the application of gum arabic in the pharmaceutical sector, thereby propelling the growth of the global market for gum arabic. Also, gum arabic (acacia Senegal) is a complex polysaccharide indigestible to both humans and animals. Gum arabic is one the most commonly used foaming agents, used not only as a foaming agent but also as an emulsifier, drying agent, and stabilizer in various products. It is a natural plant-based hydrocolloid or plant or tree exudate composed of polysaccharide and Arabinogalactan protein (AGP) fractions. Therefore, growing inclination for natural products in the food and beverage industry, and related medicinal benefits are likely to enhance the market's growth in the forecast period.
Growing Demand for Gum Arabic Products
Gum Arabic product is obtained from the dried discharges of sticky stems and Acacia Senegal branches. Due to the rising demand for natural ingredients, various manufacturers focus on procuring food ingredients and raw materials that are naturally derived. The expanding scope of gum Arabic in dentistry is anticipated to provide potential opportunities to the market of gum Arabic. It is also a complex polysaccharide with a neutral pH of mixed magnesium, calcium, and potassium, promoting dental re-mineralization. Moreover, it also has some antimicrobial activity, which is further boosting its demand across the dentistry industry. Hence, the growing demand for gum Arabic from dentistry is anticipated to augment the market growth in the forecast period.
Gum Arabic Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Gum Arabic Market analysis are type, function, and application.
- Based on type, the Gum Arabic Market is divided into senegalia senegal gum and vachellia seyal gum. The senegalia senegal gum segment held a larger market share in 2023.
- By function, the market is segmented into thickener, stabilizer, gelling agent, and others. The thickener segment held the largest share of the market in 2023.
- In terms of application, the market is segregated into bakery and confectionery, beverages, dairy and frozen products, and others. The bakery and confectionery segment leads the market in 2023.
Gum Arabic Market Share Analysis by Geography
The geographic scope of the Gum Arabic Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
European region comprises several developed and developing economies, such as Germany, France, Italy, UK, and Russia, among others. Transforming lifestyle trends concerning the food and beverage industry has had a noteworthy influence on the gum arabic market in Europe. With increasing health consciousness among consumers, the demand for gum arabic products in the region is expected to to grow over the projected period. The popularity of gum arabic has increased within the region, particularly in Germany, France, and the UK. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Gum Arabic Market Report Scope
Gum Arabic Market News and Recent Developments
The Gum Arabic Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- ADM, a global leader in nutrition and agricultural origination and processing, and Asia Sustainable Foods Platform, a company focused on accelerating the commercialization of sustainable foods in Asia, today announced the official inauguration of their joint venture company, ScaleUp Bio. It is the first company in Singapore to provide contract development and manufacturing organization services for precision fermentation for food applications. (Source: ADM, Company News, 2022)
- Kerry, the world's leading taste and nutrition company, today officially opened the largest and most advanced taste manufacturing facility on the African continent. (Source: Kerry Group plc., Newsletter, 2022)
Gum Arabic Market Report Coverage and Deliverables
The “Gum Arabic Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Function , and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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