Gum Arabic Market by Type (Senegalia senegal and Vachellia seyal), Function (Coating Agent, Fat Replacer and Others), Application and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global gum arabic market size was valued at $864.32 million in 2020, and is projected to reach $1,371.57 million by 2026, growing at a CAGR of 8.0% during the forecast period.

• Constipation and irregular bowel movement sufferers benefit from gum arabic. Encapsulation of powders is still one of the most important manufacturing processes in the pharmaceutical industry. Gum Arabic's multi-functionality, therapeutic advantages, colorlessness, tastelessness, odorlessness, and high water-solubility are essential qualities of instantaneously soluble Gum Arabic, all of which are contributing to the market's growth.

• Additionally, many gum arabic manufacturers are focusing on securing regulatory clearance for the inclusion of this emulsifier as an ingredient in food products. For example, CaraGum has launched CaraGum EM CG 108-2, a cost-effective gum Arabic emulsifier. It costs less than conventional gum owing to its high concentration.

• However, the global gum arabic market might experience restraints due to the price fluctuation of the gum Arabic products and presence of alternatives/substitutes.

Gum Arabic is obtained from Acacia species, particularly Vachellia (Acacia) Seyal and Senegalia (Acacia) Senegal. These trees can be found in the West African, Sudanese, and Central African regions. It is obtained by carefully stripping a thin layer of bark off acacia trees without injuring the tree. After being exposed to air, the sap eventually flows out and is collected as amber-colored gum. The dust is removed from the solidified gum/sap before it is marketed as a syrup prepared by dissolving the hardened sap in water. In insoluble medicines, gum arabic is widely employed as a suspending agent. Pharmaceuticals, personal care, and food and beverage sectors all employ it as a stabiliser and emulsifier.

By Application, the Food & Beverages Segment Emerge as the Dominant Segment

The food & beverages segment is emerged as the dominant segment during the forecast period. Gum Arabic is widely used as an emulsifier in the food and beverage sector for a variety of products. Gum Arabic maintains its consistency in low pH environments and is a somewhat important ingredient in beverages. In water and other fluids, it exhibits low consistency features without changing the mouth feel, flavour, or texture of the original liquids. These benefits are motivating important participants in the worldwide food and beverage sector to receive Gum Arabic and expand its use in various food items. The growing use of Gum Arabic in food products is having a favorable impact on the worldwide Gum Arabic market's food and beverage application sector.

By Geography, Asia Pacific Region is Growing at a Faster Pace

Asia Pacific is the fastest-growing regional market, with a significant CAGR projected over the projection period. The market has been driven by increased sales of dairy products, notably in nations such as Australia, China, Japan, and India. Leading candy makers expanding their geographical reach across Southeast Asian countries is another element boosting regional market growth. Because the ingredient is utilized as a filler and thickening agent in most confectionery and bakery items, any increase in the industry boosts product demand.

List of the Key Players Profiled in the Market Include:

• Agrigum International Limited
• Archer Daniels Midland Company
• Ashland Inc
• Dar Savannah Gum Arabic Processing Company
• Farbest Brands
• Gum Arabic Company
• Hawkins Watts
• Kerry Group
• Nexira
• Prodigy NIG Limited
• Tic Gums Inc

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Senegalia senegal (Acacia)
• Vachellia (Acacia) seyal

Market by, Function:
• Coating Agent
• Fat Replacer
• Gelling Agent
• Stabilizer
• Texturant
• Thickener
   
Market by, Application:
• Food & Beverages
• Paints & Inks
• Personal Care & Cosmetics
• Pharmaceuticals & Dietary Supplements
• Other Applications
       
Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview            
    1.1 Introduction        
    1.2 Research Objectives       
    1.3 Market Segmentation       
    1.4 Stakeholders        
    1.5 List of Acronyms        
               
2 Executive Summary            
              
3 Research Methodology           
    3.1 Identification of Data       
    3.2 Evaluation of Market Dynamics      
    3.3 Collaboration of Data       
    3.4 Verification and Analysis       
    3.5 Data Sources        
    3.6 Assumptions        
              
4 Market Dynamics            
    4.1 Market Drivers        
            4.1.1 Rising Awareness about Multi-Munctionality of Gum Arabic
            4.1.2 Medicinal Benefits of Gum Arabic
    4.2 Market Restraints        
            4.2.1 Production Limitations due to Inconstancy in Weather
    4.3 Market Opportunities       
            4.3.1 Rising Shift from Synthetic Chemicals and Materials toward Naturally Sourced Products
    4.4 Market Challenges        
            4.4.1 Presence of Alternatives/Substitutes
    4.5 Impact of COVID-19 on Gum Arabic Market     
              
5 Porter's Five Force Analysis           
    5.1 Bargaining Power of Suppliers       
    5.2 Bargaining Power of Buyers       
    5.3 Threat of New Entrants       
    5.4 Threat of Substitutes       
    5.5 Competitive Rivalry in the Market      
              
6 Global Gum Arabic Market by, Type          
    6.1 Overview        
    6.2 Senegalia senegal (Acacia)       
    6.3 Vachellia (Acacia) seyal       
              
7 Global Gum Arabic Market by, Function          
    7.1 Overview        
    7.2 Coating Agent        
    7.3 Fat Replacer        
    7.4 Gelling Agent         
    7.5 Stabilizer         
    7.6 Texturant        
    7.7 Thickener        
              
8 Global Gum Arabic Market by, Application         
    8.1 Overview        
    8.2 Food & Beverages        
            8.2.1 Bakery 
            8.2.2 Beverages
            8.2.3 Confectionery
            8.2.4 Dairy Products
            8.2.5 Jams and Jellies
            8.2.6 Sauces & Dressings
    8.3 Paints & Inks        
    8.4 Personal Care & Cosmetics       
    8.5 Pharmaceuticals & Dietary Supplements      
    8.6 Other Applications        
              
9 Global Gum Arabic Market by, Geography         
    9.1 Overview        
    9.2 North America        
    9.3 Europe         
    9.4 Asia Pacific         
    9.5 South America        
    9.6 Middle East & Africa       
              
10 Key Developments            
              
11 Company Profiling            
    11.1 Agrigum International Limited       
            11.1.1 Business Overview
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview
            11.1.4 SWOT Analysis
            11.1.5 Key Activities
    11.2 Archer Daniels Midland Company      
    11.3 Ashland Inc        
    11.4 Dar Savannah Gum Arabic Processing Company     
    11.5 Farbest Brands        
    11.6 Gum Arabic Company       
    11.7 Hawkins Watts        
    11.8 Kerry Group        
    11.9 Nexira         
    11.10 Prodigy NIG Limited        
    11.11 Tic Gums Inc