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Gum Fiber Market Analysis

  • Report ID: GMI4752
  • Published Date: May 2024
  • Report Format: PDF

Gum Fiber Market Analysis

Based on product, the industry size from the gum arabic segment is expected to register growth at 6.6% CAGR through 2032, due to its functional benefits across various industries. As a natural emulsifier, stabilizer and thickener, gum arabic is recording high demand in the F&B industry for products, such as soft drinks, confectionery, and bakery products to help improve texture and extend the shelf life. It is also highly soluble and has low viscosity, which helps stabilize emulsions and prevent crystallization of sugars. Regulatory agencies including the FDA and the European Food Safety Authority (EFSA) have further recognized gum arabic as safe to consume, boosting the product consumer confidence.
 

Gum Fiber Market Revenue Share, By Application, (2023)

Based on application, the gum fibers market share from the mining & construction segment is expected to generate over USD 1 billion by 2032, owing to the unique properties of gum fibers to enhance the efficiency and sustainability of operations in these industries. Gum fibres, especially guar gum, are widely used as additives in drilling fluids for oil & gas extraction.
 

Due to their ability to provide viscosity, control water loss, stabilize and suspend solids in drilling mud greatly, they greatly improve the efficiency and cost effectiveness of drilling. Gum fibers are also used in cement mortar for construction to improve workability, water retention and setting time while enhancing the quality and durability of the final structures.
 

Asia Pacific Gum Fiber Market Size, 2021 - 2032 (USD Billion)

Asia Pacific gum fiber market size is poised to record 7% CAGR from 2024 to 2032, attributed to the rising consumer awareness about health and wellness. As urbanization and disposable incomes across APAC are rising, the quality and nutritional value of processed convenience foods is increasing. Countries, such as Japan, South Korea and China are leading the way in technological innovations to improve dental floss removal and efficiency, making it cost-effective and widely available. The rise of e-commerce and changing consumer preferences is further driving manufacturers to develop new, innovative healthier foods, stimulating the regional market growth.   
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of gum fiber reached USD 1.4 billion in 2023 and is set to witness 6.7% CAGR from 2024 to 2032, led by the increasing demand for natural and functional ingredients in the food and beverage (F&B) sector.

The gum arabic segment is expected to register growth at 6.6% CAGR during 2024-2032, due to its functional benefits across various industries.

Asia Pacific market size is projected to record 7% CAGR from 2024 to 2032, attributed to the rising consumer awareness about health and wellness.

AEP Colliods, Cargill, Inc, Arshland, DuPont de Nemours, Inc, BASF SE, Ingredion Incorporated, and ABDULLABHAI ABDUL KADER (VATVA GIDC) among others.

Gum Fiber Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 165
  • Countries covered: 18
  • Pages: 245
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