Food gum is an emulsion stabilizer and a thickening agent used in icing. Its organoleptic feature has fueled it use in aqueous foodstuffs to control their functional properties. Food gums such as carob bean gum, knojac gum, xanthan gum, Arabic gum, guar gum, and others are derived from natural sources such as seeds, trees, and sea food. Furthermore, gelation, viscosity, and water binding properties enhance the scope of the food gum market in dairy products, dressings, deserts, fruit juices, confectionery, poultry, and other industries.
The growth of the global food gums market is driven by increase in uses of food gum in bakery & confectionary products and dairy products. Moreover, increase in consumption of fast food products such as burger, pizza, and others has boosted its demand across the globe. Introduction and rapid expansion of quick service restaurant (QSRs) and increased millennials expenditure on fast food have further bolstered demand for food gums in developing as well as developed regions. Furthermore, availability of food gum in various platforms ranging from modern trade to online sales channel have resulted in expansion of global food gum market.
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The global food gums market is segmented based on type, application, source, distribution channel, and region. On the basis of type, the market is categorized into xanthan gum, guar gum, Arabic gum, and others. By application, the market is divided into food and beverages, bakery & confectionery, dairy products, and others. Depending on source, it is fragmented into thickener, stabilizer, and gelling agent. As per distribution channel, it is divided into direct and indirect. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players operating in the food gum market include TIC Gums, Inc., CP Kelco U.S., Inc., Cargill, Incorporated, Archer Daniels Midland Company, Vanderbilt Minerals, LLC, Jungbunzlauer Suisse AG Basel, Fufeng Group, Deosen Biochemical Ltd., Royal DSM, and Dabur India Limited.
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KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global food gums market from 2018 to 2026 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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