Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 899 Million | USD 1,000 Million | 6% | 2023 |
The global gum Arabic market size was evaluated at $899 million in 2023 and is slated to hit $1,000 million by the end of 2032 with a CAGR of nearly 6% between 2024 and 2032.
Gum Arabic, also referred to as acacia gum, is a natural gum extracted from the exudate of two acacia tree species, namely, vachellia seyal and acacia Senegal. Moreover, the product is cultivated in sudan, accounting for 71% of the overall product supply. In addition to this, this product is also harvested in Senegal, Sahel, and Somalia.
For the record, gum Arabic, a complex blend of glycoproteins and polysaccharides, is highly soluble in water. Furthermore, it forms concentrated solutions without enhancing viscosity, a key feature among natural hydrocolloids.
Escalating product penetration in the food & beverages sector to steer the global market trends
Humungous demand for natural products and the flourishing food & beverages sector are expected to boost the growth of the global gum Arabic market. Furthermore, an increase in the demand for functional food & beverages with new health benefits is expected to prop up the scope of the global market surge in the years ahead.
Moreover, a surge in the use of the product in personal care items and pharmaceuticals is expected to prop up the global market expansion in the years ahead. Reportedly, product penetration in cosmetics is anticipated to impel the growth of the market globally.
Supply chain oscillations hinder global industry expansion over the analysis period
Supply chain disruptions, along with the volatility of product prices, are expected to restrict the expansion of the global gum Arabic industry. Quality control challenges and sustainability issues are expected to retard the growth of the industry globally.
Humungous demand for organic products to create new facets of growth for the global market
Escalating popularity of natural ingredients, along with the surging use of the product in food & beverages, is expected to create new growth avenues for the global gum Arabic market. Apart from this, surging health consciousness, along with technological advancements, is anticipated to impel the expansion of the market globally.
Lesser knowhow about crop cultivation can challenge the global industry surge by 2032
Tough competition from synthetic substitutes is expected to challenge the expansion of the global gum Arabic industry. Moreover, restricted knowledge regarding sustainable harvesting practices and resource management can obstruct the growth of the industry globally.
Report Attributes | Report Details |
---|---|
Report Name | Gum Arabic Market |
Market Size in 2023 | USD 899 Million |
Market Forecast in 2032 | USD 1,000 Million |
Growth Rate | CAGR of 6% |
Number of Pages | 211 |
Key Companies Covered | Archer Daniels Midland Company, Alland & Robert, Importers Service Corp., Nexira, CARAGUM International S.A., C.E. Roeper GmbH, Kerry Group, Abhishek Impex, Ingredon Incorporated, TIC Gums, Agrigum International Limited, Kantilal Brothers, and others. |
Segments Covered | By Type, By Grade, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global gum Arabic market is divided into type, grade, application, and region.
In terms of type, the gum Arabic market across the globe is segmented into acacia Senegal and acacia Seyal segments. Apparently, the acacia Senegal segment, which accrued nearly 57% of the global market earnings in 2023, is anticipated to register the fastest CAGR in the next couple of years as a result of higher quality of the product in comparison to acacia Seyal with enhanced performance, better solubility, and viscosity. Apart from this, the humungous application of the product in pharmaceuticals, cosmetic, and food & beverages sectors will steer the segmental surge.
Based on grade, the global gum Arabic industry is sectored into industrial grade, select grade, and mixed grade segments. Additionally, the select grade segment is likely to contribute notably towards the global industry expansion over 2024-2032 and this can be due to escalating demand for high-quality ingredients along with their superior quality.
On the basis of application, the global gum Arabic market is segregated into food & beverages, cosmetics, industrial, and pharmaceuticals segments. Moreover, the food & beverages segment, which led the segmental expansion in 2023, is projected to retain segmental leadership in the forecasting timespan owing to large-scale penetration of the product in food & beverages owing to its beneficial features such as thickener, stabilizer, and emulsifier. Furthermore, the escalating popularity of natural ingredients augmenting the utilization of gum Arabic in food & beverages will prompt the segmental surge.
Asia-Pacific is projected to maintain leading position in the global market over the projected time-interval
Asia-Pacific, which accounted for nearly 75% of the global gum Arabic market size in 2023, is expected to maintain a number one position in the global market during the analysis timeframe. Additionally, the regional market expansion in the next few years can be ascribed to the large-scale use of the product as a stabilizer, thickener, and emulsifier. Moreover, surging product applications in bakery items, soft drinks, dairy items, and confectionery will spur regional market trends.
The North American gum Arabic industry is set to record the highest CAGR in the predicted timeline. The swift elevation of the industry in the region can be credited to surging customer awareness, huge demand for organic products, growing preference for natural remedies, and huge demand for substitute treatments. Presence of key players in countries such as the U.S. will drive the industry growth in the region.
The global gum Arabic market profiles key players such as:
The global gum Arabic market is segmented as follows:
By Type
By Grade
By Application
By Region
FrequentlyAsked Questions
Gum Arabic, also called acacia gum, is a natural gum extracted from the exudate of two acacia tree species, namely, vachellia seyal and acacia Senegal. Moreover, the product is cultivated in sudan, accounting for 71% of the overall product supply.
The global gum Arabic market's growth over the forecast period can be attributed to an increase in the demand for functional food and beverages.
According to a study, the global gum Arabic industry size was $899 million in 2023 and is projected to reach $1,000 million by the end of 2032.
The global gum Arabic market is anticipated to record a CAGR of nearly 6% from 2024 to 2032.
The North American gum Arabic industry is set to register the fastest CAGR over the forecasting timeframe owing to surging customer awareness, huge demand for organic products, growing preference for natural remedies, and huge demand for substitute treatments. The presence of key players in countries such as the U.S. will drive industry growth in the region.
The global gum Arabic market is led by players such as Archer Daniels Midland Company, Alland & Robert, Importers Service Corp., Nexira, CARAGUM International S.A., C.E. Roeper GmbH, Kerry Group, Abhishek Impex, Ingredon Incorporated, TIC Gums, Agrigum International Limited, and Kantilal Brothers.
The global gum Arabic market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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