Among
the application segments, the food and beverages segment is
anticipated to remain dominant in terms of revenue contribution
during the forecast period
The
food and beverages application segment is estimated to be valued at a
little more than US$ 180 Mn in 2017, which is expected to increase at
a CAGR of 5.7% over the forecast period, to be valued at more than
US$ 280 Mn by the end of 2025. The segment is estimated to create
absolute $ opportunity of more than US$ 8 Mn in 2017 over 2016 and
incremental $ opportunity of a little more than US$ 100 Mn between
2017 and 2025. The food and beverages segment by application is
expected to retain its dominance in the global
Gum Arabic market throughout the forecast period, with near
about 60% revenue share, followed by the pharmaceuticals &
dietary supplements segment.
Increasing
use of Gum Arabic in food and beverages that contain fiber
anticipated to boost revenue growth of the food and beverages segment
Characteristic
dietary fiber is necessary for bringing down blood cholesterol and
controlling glucose levels. Gum Arabic contains 80%–85% natural
dissolvable fiber, which binds all insoluble fiber in a diet. Rising
interest for high dietary fiber content items among customers across
the globe is resulting in rising number of producers, producing
products with improved nature of Gum Arabic. This rising demand for
dietary fibers is anticipated to fuel the growth of the food and
beverages segment over the projected period.
Demand
for Gum Arabic for application as a natural binder in the bakery and
confectionery industry is moderately high, and it represents no harm
if consumed, unlike artificial or synthetic binders. Gum Arabic is
broadly utilized in the food and beverages industry as an emulsifier
in various product applications. Gum Arabic is steady in low pH
conditions and is a moderately essential element for refreshments.
Likewise, it displays low consistency properties in water and
different fluids without evolving mouthfeel, flavor or texture of the
original beverages. These advantages are encouraging key players in
the global food and beverages industry to receive and increase
applications of Gum Arabic in different food products. This
increasing use of Gum Arabic in food products is creating a positive
impact on the food and beverages application segment of the global
Gum Arabic market.
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Increasing
demand for easily soluble Gum Arabic among consumers in the global
market is encouraging manufacturers to develop and produce new
formulations such as instant soluble Gum Arabic. Instant soluble Gum
Arabic solution is used in dry spray preparations for powder
encapsulation, which is a technique that helps in the encapsulation
of flavors, aromas, and colors. This increasing use of soluble Gum
Arabic in beverages is anticipated to boost the food and beverages
segment during the period of assessment.
Food
and beverages segment expected to register a high CAGR in the APAC
Gum Arabic market over the forecast period
The
food and beverages segment is estimated to be valued at more than US$
35 Mn in 2017 in North America, and is expected to increase at a CAGR
of 6.2% over the forecast period, to be valued at almost US$ 60 Mn by
the end of 2025. In Latin America, the food and beverages segment is
estimated to create absolute $ opportunity of US$ 0.53 Mn in 2017
over 2016 and incremental $ opportunity of US$ 5.9 Mn between 2017
and 2025. The segment is likely to increase at a CAGR of 5.4% during
the projected period in Europe, while in the APAC Gum Arabic market,
the food and beverages segment is anticipated to register a CAGR of
6.2% during the period of forecast.
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