Gum Arabic Market Size Worth $ 1,206.35 Million By 2027 | 6.1% CAGR: Insight Partners


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Growing application of Gum Arabic in various industries to increase Gum Arabic market growth at a CAGR of 6.1% during the period 2020-2027

NEW YORK, UNITED STATES, Nov 25, 2021 /EINPresswire.com/ – According to our latest market research on “Gum arabic market forecast to 2027 – COVID-19 impact and global analysis – by type (Senegalia Senegal Gum and Vachellia Seyal Gum)), Function (thickener, stabilizer, gelling agent and others) and application (bakery and confectionery, beverages, dairy and frozen products, and others) ”, the market was valued at US $ 759.74 million in 2019 and is expected to reach $ 1,206.35 million by 2027; it is expected to grow at a CAGR of 6.1% from 2020 to 2027. The report highlights key factors driving the market growth and leading players along with their developments in the market.

Report Coverage Details
Market Size Value in – US $ 759.74 Million in 2019
Market size value of US $ 1,206.35 million by 2027
Growth rate – CAGR of 6.1% from 2020-2027
Forecast period – 2020-2027
Baseline year – 2020
Number of Pages – 143
No. Tables – 81
Number of graphs and figures – 83
Historical data available – Yes
Segments Covered – Type, Function and Application
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
Country Scope – US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage: Revenue Forecast, Company Rank, Competitive Landscape, Growth Factors and Trends

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Gum arabic, also known as acacia gum, Sudanese gum, arabic gum, acacia gum, acacia, Indian gum, Senegal gum and other names, is a natural gum produced from the sap from acacia trees. Gum arabic is widely used in several applications in the food industry. It is used to prepare caramels, pastilles, gums and flavored drinks. The gum arabic market is experiencing significant growth due to the growing awareness of the multifunctionality of gum arabic.

The diverse application of Gum Arabic is a major factor in driving the growth of the market. Gum arabic is used in the food and beverage, pharmaceutical, and personal care industries. Gum arabic is used as a thickening agent in the production of chewing gum, as a binder in watercolor paints, as an additive in ceramic glazes and rolling papers used in cigarettes. In addition, gum arabic is the most popular natural emulsifier known to the world, due to its various applications. Gum arabic will experience tremendous growth in the coming year due to the global demand for natural products in the food and beverage industries. Consumers have switched to consuming natural foods because of the health benefits associated with natural foods. Globally, the multiple functions of gum arabic to improve the quality of food products have led to the wide adoption of gum arabic in various applications. Additionally, gum arabic is used as an emulsifier, stabilizer, and thickener in icing, soft candies, toppings, chewing gum, and other confectionery, and to bind sweeteners and flavors in soft drinks. Gum arabic is also added to milk and dairy products to produce the desired drink or dish. It includes applications where gum arabic is used to check the ingredients and add richness and body to the drink.

Effect of COVID-19 on the gum arabic market

The COVID-19 outbreak was first reported in Wuhan, China in December 2019. In December 2020, the United States, Brazil, India, Russia, France, United Kingdom , Italy, Spain, Argentina, Colombia, Germany and Mexico were among the most affected countries in terms of confirmed cases of COVID-19 and reported deaths. The COVID-19 pandemic is negatively affecting the economies and industries of various countries due to lockdowns and business closures. Food and Beverage is one of the important industries facing severe disruption such as the closure of offices and factories and disruption in the supply chain, which is restraining the growth of the global gum arabic market. .

Download the Latest COVID-19 Analysis of Gum Arabic Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00016624

According to the type, the gum arabic market is divided into Senegalia Senegal gum and Vachellia Seyal gum. In 2019, the Senegalia Senegal gum segment dominated the market. Senegalia Senegal gum is a substance used in adhesives, pharmaceuticals, inks, confectionery and other products. Acacia Senegal trees produce in all types of seasons, regardless of soil texture and climatic conditions. They are drought tolerant, which makes them suitable to grow in the drier parts of the globe. All these factors are driving the growth of the Senegalia Senegal gum segment market.

Gum arabic market: competitive landscape and key developments

AEP colloids; Agrigum International Limited; Alland & Robert; The best brands; Hawkins Watts Limited; ISC gums; Kerry Group; Nexira; Somar Corp; and TIC Gums, Inc. are among the players serving global demands for gum arabic.

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About Us:

The Insight Partners is the industry’s unique research provider for actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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Press release: https://www.theinsightpartners.com/pr/gum-arabic-market
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