Global
Tara Gum Market: Overview
Caesalpinia
spinosa, which is also known as Tara, is a leguminous tree that is
widely found in Peru. Tara gum, which is derived from this tree,
finds common usage as a natural food additive. The substance is
procured by finely grinding to a powder the endosperm of Caesalpinia
spinosa seeds. Thus, tara gum is a powder characterized by white to
yellowish color and solubility in hot water. The powder is also
soluble in cold water, but only moderately. Chemically, tara gum is
composed of polysaccharides. The polysaccharides contained in tara
gum have a high galactomannan content.
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The
use of tara gum is boosted by the fact that the Food Chemicals Codex
has approved it as an additive for food products. In the food
industry, tara gum is added to thicken and stabilize various
products. In some regions, the tara gum is also commonly known as
Peruvian carob. This is because certain properties of tara gum are
close in nature to the properties displayed by carob beans as well as
guar gum. Both of the latter are used extensively in various
countries.
The
demand for tara gum has risen rapidly over the years in the food
industry, especially in low-fat and low-calorie beverages and foods.
It has become a popular ingredient in blends as well. Besides these
applications, the ingredient is also used in making ice cream,
cheese, bakery products, sauces and dressings, desserts, yogurt, baby
food, and ready soups. All of these varied uses of tara gum will are
helping to make it an important ingredient in the F&B industry,
which has grown at a significant pace in recent years. Growth will
also be fostered by the increasing usage of tara gum in the bakery
and confectionary sector.
Global
Tara Gum Market: Segmentation
The
worldwide market for tara gum can be broadly segmented basis
applications into the following segments: sauces and condiments
(ketchup and mayonnaise, salad dressings, and bakery, which is
further segmented into cakes and pastries), processed fruit and
vegetables, and dairy. The global tara gum market is likewise
segmented basis F&B applications to include the following
segments: liquid milk, frozen desserts, water-based flavored drinks,
prepared dishes, mixed foods, and sauces and condiments. The cosmetic
industry is also an application segment of the tara gum market.
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Global
Tara Gum Market: Drivers and Opportunities
The
heightened demand for low-cal and low-fat foods is helping intensify
the demand for tara gum in every major national market. Another
market dynamic that will work in favor of the global tara gum market
is the rising guar gum prices, which has created a favorable
environment for the global tara gum market. Tara gum has widely been
accepted as a close substitute of guar gum. In addition to this
factor, the briskly escalating demand for tara gum in the worldwide
F&B industry will foster tara gum demand, thus bolstering this
market’s growth over the forecast period. The demand from the baby
food segment will also augur well for the growth of the global tara
gum market.
Global
Tara Gum Market: Regional Outlook
Geographically,
the market can be segmented into: Japan, Asia-Pacific region, North
America, Western and Eastern Europe, Latin America, Middle East and
Africa. The report finds that Latin America accounted for the largest
share in this market on account of the abundant availability of raw
material required for producing tara gum. The use of tara gum has
only recently gained momentum in Asia and the Middle East and Africa.
It is expected to grow rapidly in the futurein APAC.
Key
players identified in the global tara gum market are: Argos Peru SA,
TIG corporation, Gomas y Taninos, Molinos Asociados S.A.C., KALYS,
and Priya International. These companies are shifting their focus on
developing economies to capitalize on the higher opportunities here.
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