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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.
Gum Arabic Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market for gum arabic is projected to grow at a CAGR of 5.80% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.78 billion by 2032.
The major drivers of the market include the large expenditures in the beverage and confectionary industries, expansion of the bakery industries, increasing e-commerce channels, thriving pharmaceutical industry, and rising dairy product sales.
The rising popularity of natural goods in the food and beverage industries and rising consumer expenditure on nutritious and fibre-rich food products are the key industry trends propelling the growth of the market.
The major players in the industry are Agrigum International Limited, NEXIRA, Kerry Group plc, Ingredion Incorporated, Farbest Brands, Hawkins Watts Limited, Gum Arabic Farms and Commodities Ltd., Alland & Robert, and C.E. Roeper GmbH, among others.
Gum arabic, also known as Acacia senegal and Acacia seyal, is a dried sap that is derived from their stems and branches. Hard gum, commonly known as gum from the Acacia senegal, has a lighter colour and is more expensive. Gum from the Acacia seyal is also known as friable gum.
Gum arabic has been shown to improve satiety and satiation, alter the glycemic index, affect stomach emptying, and aid in gut hormone secretion, all of which contribute to weight management.
Water-soluble dietary fibres (WSDF), which are present in acacia gum, are beneficial for the diet and aid in lowering cholesterol.
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