Top 5 Companies Powering the Global Carob Bean Gum Market

The global carob bean gum market is expected to grow at a CAGR of 5.8% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the flourishing market for food additives.

The growth in the global market for carob bean gum is being led by factors such as increasing health consciousness and the growing demand for natural food products. Food additives containing carob bean gums have favourable properties like thick consistency, enhanced flavour, and stabilising characteristics. In addition, the demand for the product is propelling on account of the versatile nature of carob bean gums. Further, rising uptrends in the consumption of baked, processed, and exotic naturally cooked food, which use natural food additives to enrich texture and flavour is another factor determining the growth of the market.

The market growth of carbon bean gum is being driven by the expansion strategies employed by leading market players like DuPont de Nemours, Inc. (NYSE:DD). In April 2021, CarobWay announced the promise of a long-term solution for steady supplies for the locust bean gum market. Carob tree pod seeds are used to produce specialised locust bean gum. It is a highly valued product known for its functional benefits like desirable texture when eaten, resistance to melting, and its capability to stabilise proteins.

Owing to the volatility of the locust bean gum market, CalobWay says that it is implementing a combination of latest agricultural technologies and traditional knowledge to find suitable varieties of high gum carob and focus on their cultivation.

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Top 5 Carob Bean Gum Companies in the World:

Cargill Incorporated

Cargill is an American food corporation and one of the largest privately held companies in the United States. Cargill’s primary businesses are the trade, purchase, and distribution of grain and agricultural commodities such as palm oil. It trades in energy for steel and transport and produces food ingredients such as glucose and starch syrup, vegetable oils, and fats, for application in processed foods and industrial use. The company has a robust network of about 1,60,000 employees in over 66 countries.

DuPont de Nemours, Inc.

DuPont is an industry leader in safety, healthcare, electronics, mobility, and construction. The merger of Dow Chemical and E. I. du Pont de Nemours and Company created the DuPont company. DowDuPont ranked 144 on the 2021 Fortune 500 list. Its features brands include Kevlar®, Nomex® and Corian®. The company had an employee count of nearly 28,000 in 2021.

TIC Gums, Inc.

TIC Gums is a global leader in food texturiser and stabiliser solutions. The company supplies its products to several food and beverage companies for the improvement of the stability, texture, consistency, nutritional profile, and shelf appeal of their products. One of the specialised products in the expansive product portfolio is the TicaPAN Coating Systems that is used for the binding and strengthening of sugar shells on various confectionery products.

Contined B.V.

Contined B.V. is a leading provider of high-quality, natural food ingredients, and custom-made food solutions. It provides advisory and support services for its customers on various steps of food processing starting from harvesting to the production of the final product for supermarket shelves. Contined B.V. specialises in dairy and fruit preparations, baked goods and cereals, plant-based products, beverages, healthcare and nutrition.

Carob SA.

Carob SA is one of the first companies involved in the production of locust bean gum for jams, canned meat, custard, jelly, sauces, cream cheese, ice creams, and other dressings. Spain is home to the second-largest area of cultivated carob trees in the Mediterranean. The company distributes agricultural products, serving customers in Spain.

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