Gum Arabic Market Size, Share, and Forecast by 2031
Gum Arabic Market: Strategic Insights
Gum Arabic Market
-
CAGR (2023 - 2031)6.1% -
Market Size 2023
US$ 781.80 Million -
Market Size 2031
US$ 1,257.87 Million
Market Dynamics
GROWTH DRIVERS
- Rising demand in food and beverages
- Growth in natural ingredient popularity
- Increased pharmaceutical applications
FUTURE TRENDS
- Growth in organic gum arabic products
- Increasing role in health supplements
- Expansion in vegan and plant-based foods
OPPORTUNITIES
- Expansion in dietary supplement market
- Growing demand in confectionery sector
- Innovations in cosmetic formulations
Key Players
- AEP Colloids
- Agrigum International Limited
- Alland Robert
- Farbest Brands
- Hawkins Watts Limited
- ISC Gums
- Kerry Group
- Nexira
- Somar Corp
- TIC Gums Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Senegalia Senegal Gum and Vachellia Seyal Gum
Function
- Thickener
- Stabilizer
- Gelling Agent
Application
- Bakery and Confectionery
- Beverages
- Dairy and Frozen Products