Global Gum Arabic Market is Estimated to Grow at A CAGR of 6.7%

Date: 2015-08-17

“The Global Gum Arabic Market is estimated to grow at a CAGR of 6.7% during the forecast period. Gum Arabic is known for its numerous applications, such as a thickener, gelling agent, coating agent, stabilizer, texturants, and fat replacers. Some of the most common food applications of gum arabic include confectionery, sauces & dressings, and beverages. It is not only used in the food industry, but also in other industries, such as printing, art, photography, and coloring, among others. This market has the largest demand in confectionery and beverages products. North America has the largest market for gum arabic. 

The global gum arabic market is segmented on basis of functions, product type, applications, and geography. On the basis of product type, the market has been segmented into Senegalia senegal gum and Vachellia seyal gum. On the basis of applications, the gum arabic market has been segmented into confectionery, beverages products, and others, wherein the others segment includes several food and non-food applications of gum arabic. Furthermore, on the basis of functions, the gum arabic market has been segmented into thickener, gelling agent, coating agent, stabilizer, texturants, and fat replacers, among others.  The geographical analysis includes all the major regions across the globe, namely North America, Europe, Asia-Pacific, Latin America, and Rest of the World. 

This market is a competitive market with companies, such as Gum Arabic Company (Sudan), Nexira (France), Kerry group (Ireland), Farbest Brands (U.S.), TIC Gums (U.S.), and so on are the companies which are focusing on expanding their market base in the concerned market. This is achieved successfully with the assistance of numerous market strategies adopted by these companies, which include expansions, investments, and mergers & acquisitions.

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