Gum Fiber Market Size

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.

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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.