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Gum Fiber Market Analysis
- Report ID: GMI4752
- Published Date: Feb 2023
- Report Format: PDF
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.
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.
The gum fiber market share from the guar gum segment is set to observe around 7% growth rate during the forecast period, credited to the increased demand for guar gum across the pharmaceutical and cosmetics sectors for manufacturing tablets, slimming aids, controlled drug delivery, creams, lotions, and toothpaste due to its thickening properties. The rising health concerns and the subsequent growth of the pharmaceutical sector will fuel the segment gains.
Geographically, the Europe gum fiber market is estimated to reach USD 890 million by 2032, exhibiting a 7.5% CAGR during 2023 to 2032. The flourishing cosmetics industry and the extensive product utilization in several personal care products and formulations including face creams, lotions, shaving creams, etc. will positively influence market performance across Europe. Furthermore, growing concerns about personal and dental hygiene and the subsequent rise in demand for toothpaste and other dental care products will drive the market growth.
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Gum Fiber Market Scope
