FORT WORTH, Texas, June 15, 2015 /PRNewswire/ --
This market is estimated to grow from $578.7 million in 2014 to $800.3 million by 2019, at a CAGR of 6.7% from 2014 to 2019.
Browse through the TOC of global gum arabic market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Gum arabic's demand globally has mainly been influenced by its multi-functionality and medicinal properties. It is an abundant source of dietary fibers, which is used to prevent and cure stomach and intestinal disorders and is largely consumed in dairy products to impart fat-like mouthfeel during consumption. Furthermore, it improves the physical and structural properties of the finished products. Film-forming properties of gum arabic have increased its commercial applications, and it is being extensively used in edible film-forming functions.
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This market has been segmented and forecasted on the basis of types of gum arabic, such as Senegalia senegal gum and Vachellia seyal gum. It is also segmented on the basis of applications, such as confectionery, beverages products, and others. Furthermore, the market has been segmented on the basis of functions, such as thickener, fat replacer, stabilizer, gelling agent, coating agent, and texturants, among others. This market is also segmented and forecasted on the basis of major regions, which are North America, Asia-Pacific, Europe, Latin America, and Rest of the World. North America is the major market acquiring 36.4% of the total global market revenue in the year 2014. Latin America is an emerging market in the global gum arabic industry.
This report also includes the market share, supply chain, and value chain analysis, and market metrics, such as drivers and inhibitors. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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