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Gum Arabic Market, Global Outlook and Forecast 2024-2031

Gum Arabic Market, Global Outlook and Forecast 2024-2031

  • Published on : 06 January 2024
  • Pages :77
  • Report Code:SMR-7875899

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Report overview

Gum arabic, also known as acacia gum, chaar gund, char goond, or meska, is a natural gum made of hardened sap taken from two species of the acacia tree; Senegalia (Acacia) senegal and Vachellia (Acacia) seyal.
Gum arabic is used primarily in the food industry as a stabilizer. It is edible and has E number E414. Gum arabic is a key ingredient in traditional lithography and is used in printing, paint production, glue, cosmetics and various industrial applications, including viscosity control in inks and in textile industries, although less expensive materials compete with it for many of these roles.
While gum arabic is now produced mostly throughout the African Sahel, it is still harvested and used in the Middle East. For example, Arab populations use the natural gum to make a chilled, sweetened, and flavored gelato-like dessert.
In this report, we separate the gum arabic (E415) into raw grade gum arabic and refined gum arabic in the data section.
This report aims to provide a comprehensive presentation of the global market for Gum Arabic, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gum Arabic. This report contains market size and forecasts of Gum Arabic in global, including the following market information:
Global Gum Arabic Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global Gum Arabic Market Sales, 2019-2024, 2024-2029, (K MT)
Global top five Gum Arabic companies in 2023 (%)
The global Gum Arabic market was valued at US$ 390 million in 2023 and is projected to reach US$ 478.5 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Gum Arabic (E414) market include Afritec Ingredients, Elanan Trading, Dansa Gum, etc. The top 3 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 65% of the global market. Acacia Seyal Gums is the main type, with a share about 70%. Food Industry is the main application, which holds a share over 71%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gum Arabic manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Gum Arabic Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Gum Arabic Market Segment Percentages, by Type, 2023 (%)
Acacia Seyal Gums
Acacia Senegal Gums
Others
Global Gum Arabic Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Gum Arabic Market Segment Percentages, by Application, 2023 (%)
Food Industry
Printing Industry
Cosmetics
Pharmaceutical
Others
Global Gum Arabic Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K MT)
Global Gum Arabic Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Gum Arabic revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Gum Arabic revenues share in global market, 2023 (%)
Key companies Gum Arabic sales in global market, 2019-2024 (Estimated), (K MT)
Key companies Gum Arabic sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nexira
Alland & Robert
ISC
TIC Gums
Norevo Germany
Afrigum International
Hawkins Watts
Kerry Group
Afritec Ingredients
Elanan Trading
Dansa Gum
Dangate Danjadeed
Alategahat Almtadeda
Prodigy NIG Limited
Outline of Major Chapters:
Chapter 1: Introduces the definition of Gum Arabic, market overview.
Chapter 2: Global Gum Arabic market size in revenue and volume.
Chapter 3: Detailed analysis of Gum Arabic manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Gum Arabic in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Gum Arabic capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.