Global Market Study on Karaya Gum: Powder Form of
Karaya Gum Likely to be Highly Preferred Across End
Use Industries During 2017 - 2025
The global karaya gum market is expected to witness moderate growth during
the forecast period. Growth in revenue of karaya gum is primarily driven by an
increase in consumer demand for food with natural ingredients coupled with the
continued use of karaya gum in the pharmaceutical industry. According to a
recently published report by Persistence Market Research titled “Karaya Gum
Market: Global Industry Analysis (2012–2016) & Forecast (2017–2025),” the
global market for karaya gum is expected to expand at a CAGR of 3.4% in
terms of value during the forecast period 2017-2025. It has been observed that
the global production of karaya gum has been declining since the past decade.
This is mainly attributed to the cutting down of forests across major gum
producing countries like India. The global karaya gum market is expected to
reach a valuation of US$ 90.1 Mn by 2025, owing to the increasing use of
karaya gum in drug formulations and in the food industry.
Rising Consumer Awareness and Sensitivity About Food Additives is
Trending the Global Karaya Gum Market
In a survey conducted by one of the global gum manufacturing companies, it
was found that around 88% U.S. citizens are aware about food additives that are
listed on food product labels. Around 65% consumers in the UK possess
information about food additives. Initially it was observed that there was a lack
of awareness about food additives among the population in Japan; however,
with globalization, this trend is picking up in several regions. An increasing
awareness among consumers regarding the benefits of natural food additives is
one of the main reasons manufacturers in the global karaya gum market are
revisiting their marketing strategies.
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Global Karaya Gum Market: Forecast by End Use
On the basis of end use industries, the global karaya gum market is segmented
into food & beverages, cosmetics, pharmaceuticals and others. Food &
beverages is further sub-segmented into dairy & frozen desserts, bakery, meat
products, dietary supplements and others. In terms of revenue, the
pharmaceutical segment dominated the global karaya gum market in 2017, and
is projected to continue to do so throughout the forecast period. This is the most
attractive segment, with an attractiveness index of 2.0 during the study period.
Karaya gum is widely used in the pharmaceutical and personal care industry
owing to its excellent emulsion and adhesive properties. The pharmaceuticals
and cosmetic industries currently constitute most of the global market share.
Global Karaya Gum Market: Forecast by Form
On the basis of form, the global market for karaya gum is segmented into
powder, granules and lumps. The granules form segment is expected to be the
second most lucrative segment in the global market, closely followed by the
lumps form segment, with an attractiveness index of 0.1 and 0.05 respectively
during the forecast period. The granules segment was expected to account for
5.3% value share in 2017, and is projected to hold 4.9% revenue share by 2025
end.
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Global Karaya Gum Market: Forecast by Region
Asia Pacific is emerging as a key region for karaya gum manufacturers and
processors. The demand for karaya gum is significantly increasing in APAC
countries such as China, Thailand, and India. Europe is exceedingly focusing on
using natural gum and other ingredients in cosmetics and personal care
products, and gum manufacturers in this region are focusing on expanding their
natural gum production facilities.
Global Karaya Gum Market: Key Players
Alland & Robert, Nutriroma, Neelkanth Finechem LLP, Kapadia Gum
Industries Pvt.Ltd., Sigma-Aldrich Corporation, Simosis International, ISC
Gums, ANDINA INGREDIENTS LTD, Spectrum Chemical Manufacturing
Corp, AEP Colloids Inc., and Herbal World are some of the key players
operating in the global karaya gum market.
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