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Gum Arabic Market Global Analysis 2020 to 2024 | Size, Value Share, Latest Trend

Jan 12, 2021 8:09 PM ET

Gum Arabic Market Global Analysis 2020 to 2024 | Size, Value Share, Latest Trend

Market Insight

Gum Arabic Market is growing at a strong growth rate over the forecast period from 2018 to 2024, according to Market Research Future (MRFR), driven by the growing demand for gum Arabic from food and beverage and industries as a stabilizer, texturant, fat replacer, and thickening agent. The growing commercial power of consumers in developing parts of the world is likely to drive the demand for the various applications of gum Arabic in the coming years, leading to stable growth of the global gum Arabic market over the forecast period.

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Key Players

Leading players in the Global Gum Arabic Market include

  • Guangzhou ZIO Chemical Co. Ltd.
  • Kapadia Gum Industries Pvt. Ltd.
  • Drytech Processes (I) Pvt. Ltd.
  • Kantilal Brothers
  • AEP Colloids
  • TIC Gums
  • Nexira

Regional Analysis

Global Gum Arabic Market is dominated by the Middle East and Africa region, where most of the world’s gum Arabic is cultivated. Sudan leads the global market in terms of production and is likely to remain the major contributor over the forecast period due to the presence of widespread acacia forests in the Sahel region of Africa.

Sudan is also the site of an innovative UN effort to make the local women self-dependent by training them to do various useful activities, including harvesting gum Arabic. This effort was initiated in 2017 and has so far resulted in an income increase for 87% of the participants. Thus, the gum Arabic market in the region is likely to grow at a steady growth rate over the forecast period.

Segmentation

The global Gum Arabic Market has been segmented based on Species, Function, Application and Region

Based on species, the global gum Arabic market is segmented into Acacia senegal and Vachellia seyal. Acacia senegal holds the majority market share in global gum arabic production and is likely to remain dominant over the forecast period due to the widespread use of the species in gum production.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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