The global acacia gum market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022- 2028). Acacia Gum also known as Gum Arabic, Indian Gum or Senegal Gum is a source of dietary fibers. Acacia gum contains water-soluble dietary fibers (WSDF) that are not only good fiber for diet, however, also helpful in keeping cholesterol under control. It has remedial properties that support to remove toxins from the body and cure skin inflammation, and bacterial, and fungal infections through these gums. It is harvested from the acacia tree that prominently grows in North-East Africa, it has hunger pangs and cravings, which is useful in reducing weight. As these acacia gums are soluble, it is very easy to consume these gums.
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There are various benefits associated with these gums and acacia gums are also used in traditional lithography and printing. It is usually used for the printing seen in newspapers. It provides the ink with better adhesion power that aids the quality of permanent print. These are some factors that are driving the growth of the global acacia gum market. Additionally, acacia gum has a long life, if they are stored in a cool dry place. It potentially has an unlimited life and also consumers have switched towards the consumption of these gums as they are natural and healthy which can accelerate the growth of the global acacia gum market during the forecast period. However, chemical manufacturers have produced a variety of synthetic substitutes which can be used in place of this gum which is expected to restrain the growth of the global acacia gum market.
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Some major players in the market include Nexira, Kerry Group plc, and ISC Gums, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2019, Alland & Robert announced the joint venture with Sayaji Industries for acacia gum protection in India. This venture will primarily focus on manufacturing and supplying premium quality acacia gum powder for the growing Indian market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Nexira, Kerry Group plc, and ISC Gums, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Acacia Gum Market Report by Segment
By Type
- Acacia Senegal
- Acacia Seyal
By Application
- Beverages
- Dairy
- Confectionary
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