Gum Arabic Market Trends, Size, Strategy, Applications Analysis and Growth by Forecast to 2029
Gum Arabic Market Overview:
The report on the Gum Arabic Market 2021 by Manufacturers, Regions, Segmentation, Key Players, and Application, with a forecast to 2029, was produced after extensive primary and secondary research. Top-down and bottom-up methodologies are used to pinpoint opportunities, challenges, restraints, and trends in the gum arabic market. Analytical tools like Porter's Five Force Analysis, SWOT analysis, and PESTLE analysis are also used. Additionally, data on supply and demand, import/export consumption, cost, price, revenue, and gross margins are included in this report.
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Gum Arabic Market Dynamics:
Gum Arabic, also known as Senegal gum, Acacia gum, Arabic gum, and Indian gum, is expected to grow rapidly in the coming years. Arabic gum is a type of natural gum made from two acacia tree species, Vachellia Seyal and Acacia Senegal. It is predominantly grown in Nigeria, Africa, Chad, and Sudan. It has been used as a gelling agent, thickener, and stabiliser in a variety of end-use industries including pharmaceuticals, food and beverages, cosmetics, and personal care. According to the findings of the study, 15 gm. of gum Arabic can aid in the management and control of plasma cholesterol levels in the blood.
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Gum Arabic Market Segmentation:
The global gum arabic market is divided into two types: Acacia Seyal and Acacia Senegal. Acacia Senegal has dominated the market in recent years due to its increased use in the skincare and pharmaceutical industries. This tree's main applications include essential oil production and soil improvement. Though there is little evidence to back up the claims, it aids in the control of cholesterol, blood sugar, and skin irritation. Gum arabic has also been shown in studies to help keep the scalp hydrated and the flow of water in the scalp, so this segment is expected to grow during the forecast period.
Gum Arabic Market Key Players:
- Nexira
- Kerry Group
- Tic Gums Inc
- Agrigum International Limited
- Farbest Brands
- Archer Daniels Midland Company
- Ashland Inc.
- Hawkins Watts
- Prodigy NIG Limited.
- AEP Colloids
- Archer Daniels Midland
- Ashland
- CARAGUM International
- Farbest Brands
Gum Arabic Market Regional Analysis:
Some of the key countries covered in the Gum Arabic market report include North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa. In addition, the report provides market size, growth rate, import and export, and country-level analysis, integrating the demand and supply forces of these countries' Gum Arabic markets that are influencing market growth.
COVID-19 Impact Analysis on Gum Arabic Market:
The report has analysed overall global impact of COVID-19 on Gum Arabic market. The report offers a thorough examination of the Gum Arabic market's alternatives, challenging conditions, and difficult possibilities during this crisis. The report briefly discusses the benefits and challenges of the COVID-19 in terms of funding and market expansion. Furthermore, the study includes a collection of concepts that should assist readers in establishing and planning a corporate strategy.
In majority of the countries surveyed, public health has improved, particularly as COVID-19 immunisation campaigns have made significant headway. Supply-chain constraints and rising inflation are the two most pressing economic issues. Fortunately, reports forecasted that these problems will be temporary.
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