Natural Gum Market to Grow at a CAGR of 7.67%, Growing Health Consciousness to Boost Growth - Technavio
Increasing demand for natural and organic products is one of the latest trends; Agrigum International Ltd., Agro Gums, ALLAND AND ROBERT, Archer Daniels Midland Co., Cargill Inc., Dabur India Ltd., and Deosen Biochemical (Ordos) Ltd. are some of the major players.
NEW YORK, Jan. 28, 2024 /PRNewswire/ -- The natural gum market is set to grow by USD 2.14 billion from 2023 to 2028, progressing at a CAGR of 7.67% during the forecast period. The report offers an up-to-date analysis regarding the current global scenario, the latest trends and drivers, and the overall market environment. Growing health consciousness is a key driver, fueled by consumers seeking natural and organic ingredients in their diet. Derived from sources like acacia and guar, these gums, such as locust bean and gum Arabic, offer health benefits like dental health, improved digestion, and weight management. The market is witnessing increased popularity due to its clean-label nature, aligning with consumers' preferences for additives-free products. Moreover, the global emphasis on sustainability amplifies demand, as plant-based natural gums are perceived as eco-friendly, resonating with environmentally conscious consumers and fostering growth, says a senior analyst at Technavio. - Here is an Exclusive report talking about Market scenarios with a historical period (2018-2022) and forecast period (2024-2028). Download a Sample Report in minutes!
Some major points about one of the latest trends include:
- Growing demand for natural and organic products
- Shift in consumer preferences towards health-conscious choices
- Increasing awareness of the benefits of organic and natural additives, driven by concerns about synthetic ingredients and chemicals in food
The analysis includes End-user, Type, and Geography landscape. This study identifies the Increasing demand for natural and organic products, the advancements in gum processing techniques, and the expanding applications in the food and beverage industry as one of the prime reasons driving the natural gum growth during the next few years.
- The food and beverage segment is poised for significant growth during the forecast period. Natural gums find widespread application in various foods, including desserts, dairy products, beverages, sauces, dressings, and baked goods. Guar gum substitutes wheat flour in gluten-free baking, providing structure and texture. Xanthan gum enhances mouthfeel and durability in salad dressings and sauces. The beverage sector benefits from natural gums in dairy-based beverages, soft drinks, and juices, improving stability and particle suspension for a smooth final product.
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
Companies Mentioned include
- Agrigum International Ltd.
- Agro Gums
- ALLAND AND ROBERT
- Archer Daniels Midland Co.
- Cargill Inc.
- Dabur India Ltd.
- Deosen Biochemical (Ordos) Ltd.
- DuPont de Nemours Inc.
- Farbest Brands
- Fufeng Group Co. Ltd.
- Grupo Resinas Brasil
- Hebei Xinhe Biochemical Co. Ltd.
- India Glycols Ltd.
- Ingredion Inc.
- J M Huber Corp.
- Jungbunzlauer Suisse AG
- Meihua Holdings Group Co. Ltd.
- Vasundhara Gums and Chemicals
- Qingdao ECHEMI Digital Technology Co. Ltd.
- Chicza S.A. de C.V.
Natural gums: Recent Trends
Natural gums such as Chewing Gum, Guar Gum, and Xanthan Gum play a crucial role, catering to diverse industries. Other significant players include Gum Arabic, Locust Bean Gum, Carrageenan, and Eucalyptus Oil. With increasing demand for organic and sustainable products, these gums align with consumer preferences, adhering to regulations and global trade standards. The industry emphasizes natural flavors, organic certification, and biodegradable packaging, showcasing a trend toward functional chewing gums and those promoting dental health and medicinal benefits.
Related Reports:
The gum arabic market is estimated to grow at a CAGR of 8.34% between 2022 and 2027. The size is forecast to increase by USD 435.13 million.
The Ester Gum market is projected to grow by USD 127.14 million with a CAGR of 4.17% during the forecast period 2021 to 2026.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentation by Type
7 Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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