According to FACT.MR’ latest report, the carob gum market is appraised to multiply progressively between 2021 and 2031. There is unceasing rising demand for carob gum as it is used in numerous food and beverage products across the globe.
Carob gum which is widely known as locust bean gum (LGB), Carubin, Algarroba can be used in oil drilling fluids, pharmaceuticals, and cosmetics and most dominantly in the food industry which is likely to increase the use of the carob gum market over the forecasted period
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Carob Gum Market, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
Key Carob Gum Market Survey Highlights and Projections
- MR analysis provides Carob Gum Market demand-supply assessment, revealing sales to grow from 2021 to 2031
- Sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
- Japan and South Korea demand likely to grow at a steady clip during 2021-2031
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Report Benefits & Key Questions Answered
- Company & brand share analysis: Company and brand share analysis & reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Carob Gum Market
- Category & segment level analysis: Fact. MR’s Carob Gum Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Carob Gum Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
- Carob Gum Market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Carob Gum Market manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
- Carob Gum Market demand by country: The report forecasts Carob Gum Market demand by country for 2021-2031, giving business leaders the insights to know fast-growing, stable, and mature markets
Carob Gum Market: Key Players
Some key manufacturers functioning in business in Carob Gum market includes
- CP Kelco
- AEP Colloids
- Dupont nutrition and biosciences Colony Gums Inc
- Altrafine Gums
- Somar Corp
- TIC Gums Inc
- Foodchem International Corporation
- Special Ingredients Ltd
- Amstel Products BV
- Ingredients Solutions Inc.
- G Araouzos & Son
- LBG Sicilia ingredients
- Nactis Flavours
- FMC Specialty Chemicals
- Fiberstar Inc
Expanding Use of Carob Gum in Food and Beverages to Propel Demand.
Carob gum is extensively used in various industries because of its water-binding and gelling qualities, to stabilise the product, to decrease syneresis as well as enhance freeze-thaw consistency, and also to strengthen the gel features of some gums. In stable water jellies, it is usually coupled with other gums to give the preferred consistency and stability throughout.
It is frequently used in conjunction with xanthan as a gelling agent in other desserts and mousses also used in ice cream as a stabilizer, along with carrageenan, guar gum, to limit the release of sugar and ice crystals, offer a good smooth meltdown, and provide heat shock resistance.
It’s also broadly used as a thickener agent and stabilizer in hot sauces, broths, mayonnaise, and kebabs, such properties are likely to increase the use of carob gum in the food industry.
Alternate availability of gums such as guar gum, Arabic powder organic gum, xanthan gum, carob powder, and lecithin granules are likely to impact the growth of the market. A limited study conducted a few decades ago found that carob gum may compromise the absorption of essential nutrients.
Participants of this study who consumed carob bean gum experienced a significant reduction in iron, calcium, and zinc absorption. This factor is likely to impact on carob gum market.
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Carob Gum : Market Segmentation
· Based on application, the global carob gum market can be segmented as:
- Thickening Agent
- Gelling Agent
- Stabilizing Agent
- Finishing & Texturing Agent
· Based on end use industry, the global carob gum market can be segmented as:
- Food & Beverages
- Bakery Products
- Dairy products
- Meat & meat products,
- Sauces, condiments & dressing.
- Energy & Mining
- Personal Care and Cosmetics
· Based on nature, the global carob gum market can be segmented as:
· Based on form, the global carob gum market can be segmented as:
· Based on grade, the global carob gum market can be segmented as:
- Industrial Grade
- Food Grade
· Based on the region, the global carob gum market can be segmented as:
- North America
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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