Global Natural Gum Market 2018-2022
About Natural Gum
Natural gums are obtained from marine and non-marine botanical sources, and are generally used for thickening, gelling, emulsifying, and stabilizing in food applications. They are also widely used in personal care products for thickening of lotions. In the pharmaceutical industry, they are used as inactive excipients in tablets and pills.
Technavio’s analysts forecast the global natural gum market to grow at a CAGR of 7.50% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global natural gum market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Natural Gum Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Natural Gum Market: Archer Daniels Midland, Cargill, CP Kelco, Deosen, DowDuPont, and Fu Feng.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising number of new product launches with natural gum additives. In the recent times, the manufacturers are focusing on providing natural products as the consumers have become very cautious about the ingredients used in the food. The health-conscious consumers have compelled the manufacturers to offer synthetic-free ingredients which are sustainable and fit for consumption.”
According to the report, one driver in the market is natural gums are more cost-effective than synthetic alternatives. Synthetic gums are expensive as compared with natural gums and are used as an emulsifier and thickening agent and are priced at $60 per 0.9 ounces. On the other hand, a natural gum such as guar gum provide several health benefits and is available at $1.95-3.68 per 35 ounces.
Further, the report states that one challenge in the market is health issues associated with natural gum-based products. Natural gums although have been used in abundance across different industries, there have been instances of these gums having adverse affects on the human health. These gums are widely used in breads, tortillas, salad dressings, cream cheeses, sweet cream, and sour cream.
Archer Daniels Midland, Cargill, CP Kelco, Deosen, DowDuPont, and Fu Feng.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook