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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 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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Gum Fiber Market Size in 2022: | USD 1.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 2.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 245 |
| Tables, Charts & Figures: | 408 |
| Segments covered: | Product, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
Gum Fiber Market Share
Some of the leading companies involved in the gum fiber market are
- Neelkanth Polymers
- Nutriroma
- Cargill, Inc.
- DuPont de Nemours, Inc
- Ingredion Incorporated
- Shree Ram Industries
- Dabur India Ltd.
- VIKAS WSP LIMITED
- Supreme Gums Private Limited
- Lucid Colloids Ltd.
- ABDULLABHAI ABDUL KADER (VATVA GIDC)
- BASF SE
- Arshland
- AEP Colliods
- Nexira, Inc.
Companies operating in this business have been undertaking several R&D initiatives to deliver novel innovations and maintain a strong global foothold.
For instance, in December 2022, Nexira’s adoption of acacia gum through ABC’s “Adopt-an-Herb” botanical research and education program received huge appreciation from the American Botanical Council (ABC). The initiative undertaken by Nexira backs the extensive HerbMedPro database of ABC, assuring that this distinctive research and educational resource stays up to date for health professionals, researchers, students, industry members, consumers, and other fellows of natural medicine communities and the herbal and dietary supplement.
Impact of COVID-19 Pandemic
The COVID-19 pandemic has further accelerated the organic food trend that has gained immense popularity in recent years, attributed to numerous factors, including the increased concerns pertaining to one's health, the environment, and future sustainability. This prompted product manufacturers globally to adapt to the changing consumer requirements and market dynamics while maintaining the same quality standards. Moreover, the remarkable surge in the consumption of bakery products initially, because of panic buying and later due to their positive health impacts.
This gum fiber market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Tons and revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product
- Gum Arabic
- Guar Gum
- Locust Bean Gum
- Others
Market, By Application
- Food
- Oil & Gas
- Mining & Construction
- Textile
- Pharmaceutical
- Personal Care & Cosmetics
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Frequently Asked Questions (FAQ) :
Gum Fiber Market Scope
