The global Gum Arabic market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments.
Gum Arabic Market Size and Forecasts (2022-2029), Latest dynamics, and Key Trends.
According to market research firm Maximize Market Research, the Gum Arabic Market: size is expected to reach nearly US$ 616.03 Mn by 2026 with the CAGR of 6.1% during the forecast period.
34 nations are viable travel destinations for business professionals, according to the MMR report. The large corporations are selected for comparison and classification based on their anticipated investment criteria, dominance in particular regions, and global reach. In this analysis, each local, regional, and global participant has been assessed based on their prospective impact on the market as a whole.
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Gum Arabic Market Overview:
For the purpose of calculating the total market size for Gum Arabic by regions and market segments, the study analyses each country at the micro level. The sizes of the regional and global markets are projected using a bottom-up methodology. By doing a micro-level examination of each nation, it is possible to determine the amount to which the unorganised market contributes to the growth of the larger market. The company must undertake a thorough analysis to fully comprehend the elements influencing, restricting, and opening opportunities in the Gum Arabic market. After that, the findings are verified by talking to well-known local business owners. For secondary research and analysis, both for-profit and non-profit data bases are used. The requirement and consumption numbers for each player are produced using data from public, private, and, in the case of publicly traded firms, company earnings data. If a company's financial records are not readily available, you can request them by getting in touch with the budget office of the local government.
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Gum Arabic Market Dynamics:
Increased use of gum arabic in several end-use industries especially in the food and beverages sector has driven the market growth. It is used as a natural emulsifier in numerous applications like paints, cosmetics, food & beverages, and pharmaceuticals. In October 2018 Sayaji and Alland & Robert started collaborating for the manufacturing and supply of dried gum arabic to meet the growing demand of the Indian and Asia-Pacific Market. An increase in the demand for dietary rich food as ell rise in the level of income is expected to grow overall gum arabic market growth.
With the aid of MMR Analysis, a targeted and useful research tool, it is possible to examine the important market dynamics in both developed and developing regions of the world. MMR experts also carry out in-depth analyses of geographical regions to aid clients and enterprises in thriving in specialised industries and expanding in new global markets. In this market research report, the dynamic Player landscape that influences the market's development is also covered.
Gum Arabic Market Segment:
Based on type the global gum arabic market is segmented into Acacia Seyal and Acacia Senegal. Of which the segment of acacia Senegal has dominated the market in recent years due to its increased use in the skincare and pharma industry. Some key application of this tree includes making essential oil and soil improver. Though there is little evidence to prove the claims, it helps in controlling cholesterol levels in the blood, blood sugar, and soothing the skin. Studies have also shown that gum arabic helps in keeping the scalp hydrated and to maintain the flow of water in the scalp due to which this segment is anticipated to grow in the forecast period
Based on application, the gum arabic market is segmented into pharmaceuticals, food & beverages, personal care & cosmetics, paints, and others of which the segment of food and beverage has dominated the market. In beverages gum, Arabic helps to stop sugar in liquid form in soft drinks from breaking down. In the food industry, it acts as a stabilizing, binding, and thickener agent to maintain flavors and sweetness in drinks. It is also used in the production of ice cream, liquid milk products, Sherbets, etc. Due to which the market segment is anticipated to register substantial growth. Followed by personal care and pharmaceuticals because of their benefits to skin, hair and other health issues.
Regional Analysis:
The five leading geographical regions of the Gum Arabic market are North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America.
Research methodology:
The size of the global Gum Arabic market is estimated and verified in this report using top-down and bottom-up techniques. Players must adhere to a variety of industry classification rules in order to produce a comprehensive list of current and famous participants. Following a thorough validation process, the market companies that are most pertinent to the question are selected. Using subscription databases like Factiva, Bloomberg, and others, priority rankings are organised according to the revenue from the most recent quarter. Last but not least, in order to fulfil all standards for primary data collection by appointment only, a survey that concentrates on the primary target groups was expressly constructed. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the expansion of various commodities and services. About 70–80% of the data is validated before use using a variety of secondary sources, including the World Bank, associations, company websites, SEC filings, OTC BB, USPTO, EPO, annual reports, news releases, and more.
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Gum Arabic Market Key players:
• Nexira
• Kerry Group
• Tic Gums Inc
• Agrigum International Limited
• Farbest Brands
• Archer Daniels Midland Company
• Ashland Inc.
• Hawkins Watts
• Prodigy NIG Limited.
• AEP Colloids
• Archer Daniels Midland
• Ashland
• CARAGUM International
• Farbest Brands
• Hawkins Watts
• KANTILAL BROTHERS
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Nov 30, 2022
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