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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), & Forecast, 2023-2032

  • Report ID: GMI4752
  • Published Date: Feb 2023
  • Report Format: PDF

Gum Fiber Market Size

Gum Fiber Market size surpassed USD 1 billion in 2022 and is anticipated to showcase more than 7% CAGR from 2023 to 2032. The rapid inclination and increasing consumer demand for organic and natural products due to rising health concerns and increased cognizance of the benefits of these products will propel the market growth.
 

Gum Fiber Market

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Gum fiber finds extensive usage in a range of bakery products, including muffins, bread, cakes, and cookies. These products are generally added to retain the moisture in the bread and meet the specific bakery needs of the consumers while keeping their dietary requirements intact. Thus, the multi-functionality of this fiber in the specialty bakery segment will drive appreciable gains to the gum fiber market. Moreover, new product rollouts and increasing R&D investments by leading companies to cater to the growing product demand and sustain the market competition.
 

Chemical-free products have gained widespread recognition in recent years owing to their numerous benefits on human health and the environment. According to the Agriculture and Horticulture Development Board (AHDB) data, organic foods and beverages make up almost 1.2% of total food and drink volume. Similarly, based on the Organic Trade Association 2021 estimates, club stores, traditional grocery stores, and supercenters accumulated 56% of total organic food sold to consumers by 2020.
 

Gum Fiber Market Analysis

Gum fiber can be replaced by a variety of products, including psyllium fiber & chia sides, and other hydrocolloids as gluten-free substitutes, which may hamper the industry size. Psyllium is widely used in several confectionary items such as bread, pasta, etc., as they ensure high fiber intake and have exceptional health benefits. Besides, its high solubility and ability to create a gummy & viscous gel in the presence of moisture can replace products such as guar & xanthan gum, which possess similar properties and may impede the industry growth.
 

Gum Fiber Market Share By Application

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Regarding the application, the gum fiber market size from the oil & gas application segment is predicted to expand at over 7.5% CAGR through 2032. Gum fibers, predominantly Guar gum, are extensively employed in oil & gas operations such as oil wells and oil fields drilling and fracturing as a fluid loss-controlling agent and additive in fracturing fluids to increase oil & gas production rates. Guar gum is also used as a synthetic polymer, surfactant, and defoamer ideally suited for all rheological requirements of water and brine-based drilling fluids.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The gum fiber market size worth over USD 1 billion in 2022 and is projected to witness more than 7% CAGR from 2023 to 2032, due to increased consumption and intake of natural and organic products due to their positive impact on human health and the environment.

The gum fiber industry size from the Guar Gum segment is set to grow at a 7% CAGR from 2023 to 2032, owing to the widespread usage of guar gum in a range of cosmetics, pharmaceuticals, slimming aids, and personal care products.

The oil & gas application segment is estimated to witness 7.5% CAGR between 2023 and 2032, attributed to the extensive utilization of Guar Gum as a fluid loss controlling agent and fracturing fluid additive in a variety of oil & gas operations.

The Europe industry is slated to depict a 7.5% CAGR, recording a valuation of USD 890 million by 2032, on account of increasing uptake of dental care products and the positive outlook of the cosmetics sector in the region.

Gum Fiber Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 408
  • Countries covered: 20
  • Pages: 245
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