Carob Gum Market Forecast and CAGR
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
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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The US and Canada Carob Gum Market
The US is one of the top marketplaces for carob gum globally. The US carob Gum market is to witness a recognizable growth rate throughout the assessment period 2021-2031.
The key benefits of carob gum are that it can form appropriate viscous solutions at lower concentrations which are almost unlikely to be affected by pH, salts, or temperature, making it especially appropriate for infant formula implementations.
Its essential thickening qualities have been widely used in infant formulas as part of dietary management of infant regurgitation in the united states. Increasing use of carob gum by manufacturers of infant food in this region is likely to lift sales of carob gum over the forecasted market
Europe Demand Outlook for Carob Gum Market
Carob gum broadly used in European countries. Carob gum is made out of the seed of the locust bean tree or carob tree, which are widely grown in Mediterranean countries such as, Portugal, Morocco, Algeria, Spain Cyprus, and Crete. And hence to ease to obtain carob gum due to the presence of trees is the key reason for the significant share of the European country in the carob gum market.
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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
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Carob Gum Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
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
- Food & Beverages
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
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
Note: Although care has been taken to maintain the highest levels of accuracy in FACT.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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