Global Gum Arabic Market Report and Forecast 2024-2032

Global Gum Arabic Market Outlook

The global gum arabic market size is expected to grow at a CAGR of 5.80% during the forecast period of 2024-2032 to attain a value of around USD 1.78 billion by 2032.

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Key Trends in the Market

Gum arabic, also referred to as acacia gum, meska, and chaar gund/goond, is a naturally occurring emulsifier made from the hardened sap of two different kinds of acacia trees, Senegalia senegal and Vachellia (Acacia) seyal. Gum arabic helps to keep all the product's physical characteristics intact.

• The market for gum arabic is anticipated to grow at a significant rate during the forecast period due to the rising popularity of natural goods in the food and beverage industries. Additionally, gum arabic products contain a lot of dietary fibre, which aids with digestion and bowel movements. This is increasing the usage of gum arabic.

• Rising consumer expenditure on nutritious and fibre-rich food products, particularly in baking applications, is driving the gum arabic market growth. This can be attributed to the rising consumer spending power and large expenditures in the beverage and confectionary industries in developing nations, like China and India.

• The market growth also benefits from several major developments in the market, including the expansion of the bakery industries in various Asian and South American nations and the rise in sales of natural and useful components used in bakery goods.

• The potential for major companies and manufacturers is developing as a result of the rise of domestic vendors and e-commerce channels. Further, the growing customer preference for natural components is providing lucrative growth opportunities to the market.

Global Gum Arabic Market Analysis

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Based on source, the market is segmented into Acacia Senegal and Acacia Seyal. The market, on the basis of deposition process, can be segmented into food and beverages, cosmetics and personal care, paints and inks, and pharmaceuticals, among others. The regional markets for gum arabic can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following gum arabic companies, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Agrigum International Limited

• NEXIRA

• Kerry Group plc

• Ingredion Incorporated

• Farbest Brands

• Hawkins Watts Limited

• Gum Arabic Farms and Commodities Ltd.

• Alland & Robert

• C.E. Roeper GmbH

• Others

Market Share by Deposition Process

During the forecast period, it is anticipated that the food and beverage industry will have the largest gum arabic market share. Gum arabic provides a number of value-added advantages over those other additives since it has been shown to be a better stabilising and emulsifying agent than starch, gelatin, and other additions used in drinks.

Gum arabic has been used as a functional ingredient in fruit-flavoured water and beverages, soft drinks, smoothies, and various soft-alcoholic drinks by beverage producers and producers of edible flavours, syrups, and concentrates.

In addition, it is employed in the creation of sherbets, liquid milk products, and ice cream, among other things. Due to the global demand for natural goods in the food and beverage sector, gum arabic will experience significant growth over the forecast period. Due to the health advantages of natural foods, consumers are now preferring to consume them instead of conventional foods.

Market Share by Region

Due to the large consumer base for confectioneries, food, and beverage items, North America is expected to dominate the global gum arabic market. Due to the large markets for candy, baked products, convenience meals, and packaged foods, the demand for gum arabic has been increasing in the United States and Canada.

The rapidly rising pharmaceutical industry significantly contributes to the regional development. The chemical is used in many medicinal formulations, therefore the demand for gum arabic is expected to stay stable in the upcoming years.

The Asia Pacific region, which is currently seeing the fastest growth, is anticipated to register a significant CAGR throughout the forecast period. The industry has been driven by dairy product sales that are soaring, notably in nations like Japan, China, Australia, and India. Rising dairy product sales, particularly in nations like Japan, China, Australia, and India, among others, are further fuelling the gum arabic market growth.

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Competitive Landscape

Agrigum International Limited, a major Gum Acacia processor with its headquarters in England, specialises in spray-dried and agglomerated products. In addition to the whole Agri Range of gum acacia products, Agrigum International also creates custom gum acacia mixes based on customer specifications.

NEXIRA, established in 1895, has made significant contributions to the food, health, and nutrition sectors. It is a leader in natural ingredients and botanical extracts for dietary supplements, food, and nutrition with its headquarters in France. A variety of natural substances with established health advantages are produced by Nexira, including FibregumTM, an all-natural, organic, and GMO-free source of soluble dietary fibre.

Kerry Group plc, with its headquarters in Ireland, is committed to producing dairy proteins for export to the United States. The company creates, produces, and distributes cutting-edge flavour solutions and dietary supplements and functional components for the pharmaceutical, food, and beverage industries.

Other market players include Ingredion Incorporated, Farbest Brands, Hawkins Watts Limited, Gum Arabic Farms and Commodities Ltd., Alland & Robert, and C.E. Roeper GmbH, among others.

Key Highlights of the Report

Gum Arabic Market Report Snapshots

Gum Arabic Market Size

Gum Arabic Market Share

Gum Arabic Market Regional Analysis

Gum Arabic Companies