According to Stratistics MRC, the Global Gum Fiber Market is accounted for $1.41 billion in 2020 and is expected to reach $3.26 billion by 2028 growing at a CAGR of 11.0% during the forecast period. Increasing penetration of gum fibers in food & beverages for adding texture, smoothness, for keeping the dietary requirement intact in foodstuff, increasing health consciousness about healthy food intake and surge in product demand as an additive to dynamite for water blocking, are the factors driving the market growth. However, the strong penetration of substitute products and the availability of gluten-free substitutes hamper the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period as there is rapid growth in oil & gas exploration activities and the presence of enormous technically recoverable resources in India, China, & Australia, will escalate the industry landscape in the region. The manufacturing of acacia gum and guar gum is highly focused in the Asia Pacific countries. Ease in raw material availability along with favourable trade policies will ease global trading activities in the Asia Pacific region.
Some of the key players profiled in the Gum Fiber Market include Shree Ram Industries, Neelkanth Polymers, Supreme Gums Private Limited, Ingredion Incorporated, Vikas WSP, Lucid Colloids Ltd, Dupont, LBG Sicilia, Ashland, Dabur India, Nexira Inc, Cargill, Inc., and DuPont de Nemours Inc.
Applications Covered:
• Food
• Oil & Gas
• Mining & Construction
• Textile
• Pharmaceutical
• Personal Care & Cosmetics
Products Covered:
• Gum Arabic
• Guar Gum
• Locust Bean Gum
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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