Gum Arabic Market - Forecast(2021 - 2026)

 

Gum Arabic Market Overview

Gum Arabic Market size is forecast to reach $603.25 Million by 2025, growing at a CAGR of 6.17% during the forecast period 2020-2025. Gum Arabic is often referred to as acacia gum, gum sudani, meska, chaar gund/goond, and is a natural emulsifier derived from hardened sap obtained from two species of the acacia tree (Senegalia senegal (Acacia) and Vachellia (Acacia) seyal). Gum Arabic is widely used as an emulsifier within the food & beverage industry. Gum Arabic ensures even distribution of sugar within the liquid and helps avoid precipitation of crystals at the rock bottom. Gum Arabic has medicinal properties and can be consumed with water to treat stomach problems, as it is rich in dietary fibre. Additionally, it is extensively utilized in traditional lithography and printing. Consumer spending on dietary and fibre rich food especially in food items. This is owing to consumer growing purchasing power in bakery and confectionary items.

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Gum Arabic Market Report Coverage

The report: “Gum Arabic Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Gum Arabic Market. 

By Type- Acacia Senegal, Acacia Seyal

By Applications- Food & Beverages, Pharmaceuticals, Personal care, and Others

By Function- Thickener, Gelling Agent, Stabilizer and Others

By Geography- North America, Europe, Asia- Pacific and Rest of World

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Key Takeaways

• Geographically, North America holds largest share owing to demand in food and beverages, pharmaceuticals, and textiles.
• Use of Gum Arabic as thickening agents held the major market share in 2019 and is also poised to be the fastest-growing segment during the forecast period 2020-2025.
• Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Gum Arabic report.
• Globally, the multiple functions of Gum Arabic helped to enhance the quality of the food products. Besides, the demand is set to continue owing to the functionality in the forecast period (2020-2025).

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By Type - Segment Analysis

Gum Arabic Market based on type is segmented into Acacia Senegal and Acacia Seyal. Acacia Senegal dominated the Gum Arabic market in the year 2019 and is poised to grow during the forecast period 2020-2025. Acacia Senegal trees yield in all types of seasons, regardless of climatic conditions and soil texture. They are drought-tolerant, which makes them suitable to grow in the drier parts of the world. These trees yield the largest amount of superior quality gum acacia when they are unhealthy. Key applications of this form of gum include medicine and essential oil, as timber and fuelwood, as a soil improver, for intercropping, and as an ornamental tree in some parts of the world. Acacia Seyal is poised to emerge as the fastest-growing segment by source, registering the highest CAGR of during the forecast period 2020-2025. 

By Application - Segment Analysis

The application type of Gum Arabic Market is segmented into Food & Beverage, Pharmaceutical, Personal care, and others.  Food and Beverage is estimated to be the fastest growing application with a CAGR of 5.81% during the forecast period 2020-2025. This is owing to Food & Beverage manufacturers and makers of edible flavors, syrups, and concentrates have been increasingly using Gum Arabic as a functional ingredient in soft drinks, smoothies, fruit-flavored water and beverages, and various soft-alcoholic drinks, which is accelerating the demand for the product. Thriving e-commerce channels and an increasing number of domestic vendors are the reasons set to continue the growth during the forecast period 2020-2025.

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