Gum Fiber Market Size By Product (Gum Arabic, Guar Gum, Locust Bean Gum), By Application (Food [Frozen Foods, Confectionary, Beverages, Dairy], Oil & Gas, Mining & Construction, Textile, Pharmaceutical, Personal Care & Cosmetics), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Global gum fiber market from cosmetic application is projected to surpass 65 million USD by 2027, owing to increasing demand for personal care products. Large function advantages of using gum fiber in the form of emulsifier, emulsion and foam stabilizer, thickener, and suspension agent is likely to drive the segment demand. Acacia gum improves the texture of skin, smoothing over wrinkles, and increases softness of the skin. Gradually increasing demand for natural ingredients in cosmetic due to virtue of increasing consumer knowledge and clean label products followed by favourable labelling norms is propelling the industry statistics.
 

Rising demand for personal care products owing to increasing beauty awareness among population should further promote gum fibers industry expansion from personal care & cosmetics applications. Gum fibers are predominantly used in personal care & cosmetics industry for manufacturing lotions, creams, shampoos, soaps, body creams, shaving gels and liquid soaps should promote product demand. These products are used as conditioners, viscosifier and thickening properties which attributing to the market growth.
 

Growing consumer awareness towards their health is likely to boost the market share from gum arabic product type

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Global gum fiber market from gum arabic application is likely to surpass USD 455 million by 2027 as it has excellent functional properties. Thereby, it has immense demand in food & beverage industry. Acacia gum is used as a texturizer in sugar and polyol systems. Moreover, it finds application as a stabilizer in colloidal systems and a carrier for encapsulation. It is increasingly used as an emulsifier for oil in water emulsions.
 

Numerous health benefits associated with the product accompanied by increasing consumer knowledge on the ingredient is stipulating the product penetration across the globe. Further, Acacia gum fiber has also an effective prebiotic which ferments in the intestine and promotes the growth of friendly microorganisms. This helps to improve gut health.
 

Numerous properties like thickening, stabilization, emulsification should propel market growth from pharmaceutical application

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Global gum fiber market from pharmaceutical applications is likely to surpass USD 105 million by 2027. Gum fiber such as guar gum is very commonly used in the pharmaceutical industry owing to its excellent thickening, stabilization, emulsification, and preservation properties. It has also used as binding, clouding, water retention or water phase control, and process aid applications. In addition to these, gum fiber also finds wide array of applications in manufacturing pharmaceutical products which includes disintegration agents, tablet binding anti-acid formulations, controlled drug delivery systems, slimming aids and nutritional foods.
 

Rising pharmaceutical demand owing to increasing R&D initiatives to launch novel solutions for unmet medical conditions should further propel gum fibers market growth from pharmaceutical applications. Gum fiber is a soluble type of dietary fiber that becomes a gel when it mixes with the fluid in our stomach, thereby slowing down the digestive process which allows the body to absorb full benefits from the nutrients in the food consumed. This fiber also helps to minimize the increase in low-density lipoprotein or bad cholesterol in the blood. These listed factors are attributing to market expansion.
 

Significant demand for gum fiber in oil & gas industry is supporting market outlook in North America region

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North America gum fiber market size should exceed USD 535 Million by 2027 owing to rising number of shale oil discoveries which has propelled number of drilling operations in the region. Gum fiber is also utilized in mud drilling as an emulsifier and forms an effective additive in the process. The product can also be used in oil well fracturing, in which high pressure fluid is injected in the well into order to create a crack. Gum fiber is added as an additive in the fluid in order to increase the viscosity which ensures efficient delivery of proppant in the well formation. These factors are likely to impact gum fiber positively in forecast timeframe
 

Gum fibers owing to stabilizing and thickening properties are used in the oil and gas industry for mud formulations, polymer flooding, enhanced oil recovery, and well treatment applications. Guar gum is used as a surfactant and functions as viscosifier to maintain the viscosity of drilling muds. The U.S. crude oil proved reserves increased from 39.2 billion barrels in 207 to 43.8 billion barrels in 2018. These factors will have a positive impact on industry growth and are anticipated to remain significant over the forecasted timeframe.
 

Continuous Research & Development Activities and New Product Launches To Be Key Business Strategies Incorporated by Industry Players

Global gum fiber market share is highly fragmented with several regional and international players which include, Lucid Group, ABDULLABHAI ABDUL KADER (VATVA GIDC), BASF SE, Ashland, Dupont, Cargill, Vikas WSP, Nexira, Neelkanth Polymers and Solvay. Moreover, others small manufactures are also showing keen interest in the market as it has wide array of application which includes oil & gas, food, mining & construction, and others. In order to strengthen its market position manufacturers are engaged in several activities which includes collaboration, acquisition and product development. For instance, In November 2018, Cargill merged its food ingredients distribution network in U.S. and Canada to six channel partners which includes Batory Foods, Pearson Sales Company, Univar Inc., Gillco Ingredients, International Food Products Corporation, and St. Charles Trading, Inc. This will help the company to streamline supply chain and optimize customer experience.
 

Gum Fiber Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Thousand Tons) and revenue in USD (Million) from 2016 to 2027 for the following segments:

By Product

• Gum Arabic
• Guar gum
• Locust bean gum
• Others

By Application

• Food
  • Frozen Foods
  • Confectionery
  • Beverages
  • Dairy
  • Others
• Oil & Gas
• Mining & Construction
• Textile
• Pharmaceutical
• Personal care & cosmetics
• Others

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Argentina
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa