Global Gum Arabic (E414) Market Growth 2024-2030
Product Code:812350
Published Date: Jan 02,2024
Pages: 119
Region: Global
Category: Chemical & Material
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According to our LPI (LP Information) latest study, the global Gum Arabic (E414) market size was valued at US$ 370.8 million in 2023. With growing demand in downstream market, the Gum Arabic (E414) is forecast to a readjusted size of US$ 496.3 million by 2030 with a CAGR of 4.3% during review period.
The research report highlights the growth potential of the global Gum Arabic (E414) market. Gum Arabic (E414) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Gum Arabic (E414). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Gum Arabic (E414) market.
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 (E414) into raw grade gum arabic and refined gum arabic in the data section.
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 70%.
Key Features:
The report on Gum Arabic (E414) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Gum Arabic (E414) market. It may include historical data, market segmentation by Type (e.g., Acacia Seyal Gums, Acacia Senegal Gums), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Gum Arabic (E414) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Gum Arabic (E414) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Gum Arabic (E414) industry. This include advancements in Gum Arabic (E414) technology, Gum Arabic (E414) new entrants, Gum Arabic (E414) new investment, and other innovations that are shaping the future of Gum Arabic (E414).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Gum Arabic (E414) market. It includes factors influencing customer ' purchasing decisions, preferences for Gum Arabic (E414) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Gum Arabic (E414) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Gum Arabic (E414) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Gum Arabic (E414) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Gum Arabic (E414) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Gum Arabic (E414) market.
Market Segmentation:
Gum Arabic (E414) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Acacia Seyal Gums
Acacia Senegal Gums
Others
Segmentation by application
Food Industry
Printing Industry
Cosmetics
Pharmaceutical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Gum Arabic (E414) market?
What factors are driving Gum Arabic (E414) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gum Arabic (E414) market opportunities vary by end market size?
How does Gum Arabic (E414) break out type, application?RELATED REPORTS
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Global Gum Arabic (E414) Market Growth 2021-2026
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According to this latest study, the 2021 growth of Gum Arabic (E414) will have significant change from previous year. By the most conservative estimates of global Gum Arabic (E414) market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 356.1 million in 2020. Over the next five years the Gum Arabic (E414) market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 420.6 million by 2026.
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Global Gum Arabic (E414) Market Growth 2020-2025
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According to this study, over the next five years the Gum Arabic (E414) market will register a 3.6%% CAGR in terms of revenue, the global market size will reach $ 462 million by 2025, from $ 400.7 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Gum Arabic (E414) business, shared in Chapter 3.
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