The global gum Arabic market stands at US$ 897.3 Mn as of now and is expected to reach US$ 1.79 Bn by the year 2032 at a CAGR of 7.2% between 2022 and 2032. Gum Arabic, better known as acacia gum, comes across as a natural emulsifier and finds its applications in paints, pharmaceuticals, cosmetics, and food …
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Gum Arabic Market: Tapping into a Sweet Success Story, Envisioned to Reach US$ 1,796.7 Million by 2032
The demand for goods and services in the gum arabic market is projected to be worth US$ 897.3 million in 2022 and US$ 1,796.7 million from 2022 to 2032, growing at a CAGR of 7.2%. A CAGR of 5.9% was recorded for the market between 2016 and 2021. The multiple applications of gum in various sectors are driving the massive rise …