Global Acacia Gum Market – Description
Acacia is generally obtained from the sap of the Acacia trees that are found in the belt of arid lands in Africa also including countries, such as Sudan, Nigeria, and Chad. It is also known as Arabic gum.
The Arabic gum is used to perform various functions and also has numerous applications in the food and beverages industry.
It is mainly used as a binding agent in order to bind the food particles together, while retaining their physical properties.
Also, it is used in a variety of food products that includes, gums, pastilles, toffees, and cola-flavoured beverages for stabilization and emulsification.
Global Acacia Gum Market – Overview
The Acacia Gum market is valued at USD 418.42 billion in 2022 and is projected to reach a value of USD 661.89 billion in 2030 expanding at a CAGR of 5.9% over the forecast period of 2022-2030.
The gum acts as a natural emulsifier which is used in various application and is primarily used as a filling and thickening agent in most confectionery items.
Acacia is a source of dietary fibre that suppresses appetite and helps in preventing over-eating or eating frequently. Thus, it aids in weight loss.
Research has also shown that consuming 30 grams of acacia in powdered form every day can help in reducing weight. It is also known in the prevention of irritable bowel syndrome.
The ingredient has helped in the removal of toxins from the body and at the same time it also acts as a prebiotic, which aids in gut health.
It has also helped to relieve diarrhoea and constipation and in the reduction of inflammation of the gut. it is highly soluble in water and thus, easy to consume.
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Global Acacia Gum Market – Key Trends
• Rising spending on Dietary food is expanding the market
One of the major factor that has fuelled the market growth is the rising spending on the dietary as well as high-fibre food products. This can be seen mainly in the bakery applications. Also, the rise in awareness about health among consumers has also boosted the market growth over the forecast period.
• High manufacturing cost
The major factor that has acted as a restrain to the market growth is the high manufacturing cost of the product. The high price of the product restrains the consumers from buying it, which acts as a hinder to the market growth over the forecast period.
Global Acacia Gum Market -Segmental Analysis
Based on type
• Acacia Senegal
• Acacia Seyal
The acacia Seyal has dominated the market growth over the forecast period. This is because the tree is mainly found in several parts of Africa and is characteristic of the Nile region. Also, the variant is tolerant to salts, high pH, and periodic flooding having a higher average molecular mass of gum.
Based on Organization Size
• Small and Medium Scale Organization
• Large scale organization
The small and medium scale organisation has dominated the market growth over the forecast period.
Based on Function
• Thickener
• Fat Replacer
• Coating Agent
• Gelling Agent
• Others
The fat replacer has dominated the market growth over the forecast period.
Based on Application
• Food & Beverages (Beverages – Jams & Jellies; Bakery; Confectionary; Dairy Products)
• Pharmaceuticals & Dietary Supplements
• Personal Care & Cosmetics
• Paints & Inks
• Others
The food and beverages segment has dominated the market growth over the forecast period. this is because Gum Arabic has several value-added benefits over gelatin, starch, and other additives that are used in drinks as it has proven to be a better stabilizing and emulsifying agent.
Global Acacia Gum Market – Geographical analysis
The Acacia Gum Market is segmented into five main regions namely, North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America has dominated the market growth over the forecast period. This is because of a large consumer base, especially for beverages, confectioneries, and pharmaceutical products. Also, Gum Arabic is one of the most important emulsifiers that is used in the manufacturing of syrups for soft drinks.
Global Acacia Gum Market -Competitive Landscape
Some of the prominent companies of the market are Nexira International; AEP Colloids Inc.; KERRY GROUP PUBLIC LIMITED COMPANY; Tic Gums Inc.; POLYGAL AG; ALLAND ET ROBERT S.A.; CARAGUM INTERNATIONAL S.A.; IMPORTERS SERVICE CORP; C.E. Roeper GmbH ; Mountain Rose Herbs, Inc.; Agrigum International Limited; Farbest Brands; Archer Daniels Midland Company; Ashland Global Speciality Chemicals Inc.; Alpha Agricultural Processing Co. Ltd.; SOMAR Corporation; Dar Savanna Ltd; Harvest Gum Ltd; Hawkins Watts; Prodigy NIG Limited, and Others.
Report scope
Global Acacia Gum Market: Historical Years- 2018-2021
Global Acacia Gum Market: Forecast Years- 2022-2030
Global Acacia Gum Market 2022- USD 418.42 billion
Global Acacia Gum Market CAGR- 5.9%
Global Acacia Gum Market 2030- USD 661.89 billion
Segments covered- type, organization size, functions, application, region
Regions and countries reported
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Nexira International; AEP Colloids Inc.; KERRY GROUP PUBLIC LIMITED COMPANY; Tic Gums Inc.; POLYGAL AG; ALLAND ET ROBERT S.A.; CARAGUM INTERNATIONAL S.A.; IMPORTERS SERVICE CORP; C.E. Roeper GmbH ; Mountain Rose Herbs, Inc.; Agrigum International Limited; Farbest Brands; Archer Daniels Midland Company; Ashland Global Speciality Chemicals Inc.; Alpha Agricultural Processing Co. Ltd.; SOMAR Corporation; Dar Savanna Ltd; Harvest Gum Ltd; Hawkins Watts; Prodigy NIG Limited, and Others.
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Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
