Gum Fiber Market size to exceed $1.97bn by 2027
Published Date: June 29, 2021 Authors: Kunal Ahuja, Amit Rawat
Gum Fiber Market size is set to surpass USD 1.97 billion by 2027, according to a new research report by Global Market Insights, Inc.
Increasing mining operations owing to rising demand for, oil shale, gemstones, limestone, chalk, dimension stone, metals, coal rock salt, potash, gravel, and clay should further promote product demand. Gum fibers are predominantly used in mining & construction industries as waterproofing agent, for concentration of ores, flocculation, and better recovery. Rising demand for gum fibers in construction industry owing to maintain structural integrity by prevention from water related structural deterioration should accelerate product demand.
Emerging organic beverages demand owing to rising health awareness among population along with increasing purchase parity among consumers should further propel the beverages demand, thus driving gum fiber market growth. Gum fibers are majorly used in beverages manufacturing owing to control viscosity, improves mouth feel and increase product shelf life which should promote product demand.
Gum fibers are majorly used in dairy products manufacturing owing to beneficial characteristics including smooth & creamier texture incorporation and prevents ice crystals formation. Rising dairy products demand owing to rich nutrients composition including calcium, vitamin D and protein should promote market expansion. Increasing health awareness among population owing to incorporation of healthy diet regimes among population which should foster dairy products demand, thus driving gum fibers industry landscape.
Numerous properties like viscosity control, fluid of gum fiber should stimulate market demand from oil & gas application
Global gum fiber market from oil & gas application exceeded USD 140 million in 2020. Gum fiber such as guar gum is used in oil & gas industry owing to its functional applications such as viscosity control, fluid and water loss control, and lubrication. In order to increase oil & gas production rate, gum fibers are used in oil field, oil well drilling and fracturing operations and predominantly used in oil & gas operations.
Browse key industry insights spread across 255 pages with 186 market data tables and 40 figures & charts from the report, “Gum Fiber Market Forecasts 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, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Gum fiber market from locust bean gum segment is stipulated to surpass USD 365 million by 2027, owing to increasing its usage in pharmaceutical, cosmetic, textile and food industry
Global gum fiber market from locust bean gum segment is anticipated to witness a significant CAGR of over 10% between 2021 and 2027. Demand for natural and innovative ingredients have surged the use of locust bean gum as stabilizers in yogurt, and ice cream. Locust bean gum, a natural vegetable gum extract from the seeds of carob tree, will observe a significant rise in demand over the forecast timeframe. The product provides a creamy mouthfeel and is majorly used as a thickener, stabilizer, and texturizer in dairy products. It has lower viscosity and solubility as compared to guar gum, hence used as the required specifications of the end-use industries.
Asia Pacific gum fiber market exceeded USD 320 million in 2020, owing to increasing consumer inclination towards healthy food coupled with rising demand for fiber rich products
Asia pacific gum fiber industry is anticipated to register over 10.3% CAGR between 2021 and 2027. Prevalence of several manufacturing plants in the region including Amul, Nestle, and Mother Dairy will further propel product demand to manufacture dairy products thus fostering industry landscape.
Gums are used to stabilize dairy products and offers sensory properties and texture. Growing demand of yogurt due to its health benefits including enhancing weight loss and improving digestion will enhance market statistics. These are added to ice creams for preventing texture improvement and preventing ice crystal growth. Moreover, increasing per capita incomes of individuals by presence of large-scale multinational F&B manufacturers have shifted the consumer preferences towards healthy products. Also, the region possesses significant gum fiber production capacity to cater the growing product demand. These listed factors are projected to fuel the regional gum fiber market share.
Key manufacturers in gum fiber market are also investing in several activities like research & development as its finds wider array of application in pharmaceutical, food & beverage, oil & gas, cosmetic and others. Some of the key players operating in the industry are Dabur India Ltd., VIKAS WSP LIMITED, Ingredion Incorporated, Lucid Colloids Ltd, Ashland, Neelkanth Polymers, Supreme Gums Private Limited, Nutriroma, AEP Colliods, Nexira, Inc.
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