Gum Arabic market projected to reach $1.79 billion by 2034 with 6.5% CAGR

From GlobeNewswire.: 2024-07-03 19:00:00

The global Gum Arabic Market is projected to hit US$ 953.3 million by 2024, with a 6.5% CAGR from 2024 to 2034. North America leads in demand due to well-established markets and new FDA labeling rules. Gum Arabic’s use in food & beverages for its properties is driving market growth. Sales may reach US$ 1.79 billion by 2034, with Japan and South Korea showing growth.

Acacia seyal is expected to rise in demand globally due to its resistance to salt and high pH level, reaching US$ 932.3 million by 2034. Key players in the market, like Prodigy NIG Limited and Kerry Group, are focusing on offering clean label gum Arabic. The personal care industry is partnering with Polygal AG and Clariant to develop tara-gum rheology modifiers.

Major companies in the gum Arabic market are collaborating for new product development. Fact.MR’s unbiased analysis provides insights into historical data and forecasts for the market, categorizing by gum type, nature, application, function, and more across seven regions. Other related market studies include Food Grade Gellan Gum, Food Grade Xanthan Gum, Karaya Gum, CBD Gummies, and Myrrh Gum Markets.

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