The global demand for gum Arabic is projected to reach USD 897.3 million in 2022, with an expected compound annual growth rate (CAGR) of 7.2%, increasing to USD 1,796.7 million by 2032. Between 2016 and 2021, the market experienced a CAGR of 5.9%.
Gum Arabic, better known as acacia gum, comes across as a natural emulsifier and finds its applications in paints, pharmaceuticals, cosmetics, and food and beverages verticals. It is majorly used as a thickening and filling agent in majority of confectionery items.
Research states that consumption of 30 grams acacia every single day,that too, in powdered form, helps in weight loss. It also helps in getting away with IBS (Irritable Bowel Syndrome). This ingredient thus eliminates toxins from body and also acts as prebiotic helping in maintaining gut health. This helps in relieving from constipation and diarrhea. Plus, being water-soluble, intake of the fiber is easy. It could be applied to skin for reducing inflammation of skin and treat bacterial and fungal infections of mouth and skin.
Coming to applications, beverages hold more than 30% of the overall market share. This could be attributed to the fact that gum Arabic overpowers its counterparts like starch, gelatin, and various other additives when it comes to emulsifying and stabilizing. The manufacturers of beverages and edible flavors, concentrates, and syrups are exceedingly making use of gum Arabic in the form of functional ingredient in smoothies, soft drinks, fruit-flavored water and beverages, and several other soft-alcoholic drinks.
The air holding capability of gum Arabic enhances the freeze-thaw stability in yogurts, ice-creams. Domestic vendors are also making an entry to gum Arabic market with less sternness of regulations being laid down.
At the same time, the market may restrain on the grounds of shortage of raw materials with cost fluctuation. Future Market Insights has encapsulated these nitty-gritties with insights in its latest market study entitled ‘Gum Arabic Market’. It has worked on the micros as well as macros over here.
Key Takeaways from gum Arabic Market
- North America holds more than 30% of the market share. This could be attributed to huge customer base, particularly for confectioneries, beverages, and pharmaceutical products. It is a known fact that gum Arabic is amongst the vital emulsifiers used in producing soft drinks or syrups. The region also dominates due to proper pharmaceutical sector in place.
- Europe holds the second largest market share on the analogous grounds.
- The Asia-Pacific is expected to grow at the fastest rate in the gum Arabic market. This could be attributed to increasing sales of the dairy products in countries like India, Australia, China, and Japan.
- LATAM and MEA are expected to pick up pace in this regard going forward.
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Key Companies Profiled
- Gum Arabic Company
- Nexira
- Kerry Group
- Ingredion
- Tic Gums Inc.
- Agrigum International Limited
- Farbest Brands
- Archer Daniels Midland Company
- Ashland Inc.
- Hawkins Watts
- Prodigy AG
Resent Developments
- In May 2022 – Kerry, opened the largest and most advanced taste manufacturing facility on the African continent. The new R650m (€38m) facility is located in KwaZulu-Natal, South Africa, and will produce sustainable nutrition solutions that will be consumed across the African continent.
- In March 2020 – Farbest Brands has partnered with CARAGUM International®, which specializes in developing and manufacturing stabilizer systems for the food industry. CARAGUM International focuses primarily on developing stabilizers for liquid products, including beverages, flavored emulsions, and sauces.
- In August 2022 – ADM, accelerating the commercialization of sustainable foods in Asia, announced the official inauguration of their joint venture company, ScaleUp Bio. It is the first company in Singapore to provide contract development and manufacturing organization services for precision fermentation for food applications.
Key Segments Profiled In the Gum Arabic Industry Survey
Gum Arabic Market by Function:
- Gum Arabic as Thickener
- Gum Arabic as Gelling Agent
- Gum Arabic as Fat replacer
- Gum Arabic as Stabilizer
Gum Arabic Market by Application:
- Gum Arabic in Pharmaceutical Industry
- Gum Arabic in Food and Beverages Industry
- Gum Arabic in Printing & Painting
- Gum Arabic in Others
Gum Arabic Market by Functionality:
- Viscosity
- Solubility
- Emulsifier
- Film forming
- Fat substitute
- Fiber
- Stabilizer
Gum Arabic Market by Region:
- North America Gum Arabic Market
- Latin America Gum Arabic Market
- Europe Gum Arabic Market
- Asia Pacific Gum Arabic Market
- Middle East and Africa Gum Arabic Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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