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Global Carob Bean Gum Market: By Form: Powder, Gel; By Application: Food Products, Non-Food Products; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Carob Bean Gum Market Outlook
The global carob bean gum market is being aided by the growth of the food additives market, which is expected to grow at a CAGR of 5.8% in the forecast period of 2023-2028 to reach a value of around USD 68 billion by 2026.
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Europe to Emerge as a Significant Market for the Carob Bean Gum Industry
The global carob bean gum industry is significantly aided by the rising demand from Europe. The United Kingdom is among the leading regions in the region, followed by Germany. The growth in the region is triggered by the rising application of the product in the end-use industries. The Asia Pacific is also a significant regional market for carob bean gum due to the rising food and beverage sector in Asian countries China, Japan, and India. Meanwhile, in the United States, the use of carob bean gums in the food sector and cosmetics is increasing. The United States, Italy, Spain, Germany, the United Kingdom, and France are some of the leading producers of carob bean gum.
Carob Bean Gum: Market Segmentation
Carob bean gum is derived from the seed of the carob tree (endosperm). It is typically used in end consumer industries as a gelling agent or as a thickening agent. Carrageenan turns carob bean gum to gel. The health benefits of beans are decreasing cholesterol, increasing the blood sugar content, curing gastroesophageal reflux, diarrhoea, minimising colon cancer, and others. Carob bean gum is most commonly used as a food additive for thickening applications.
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The forms of carob bean gum can be divided into:
- Powder
- Gel
The applications of the product can be divided into:
- Food Products
- Breakfast Cereals
- Salad Dressing
- Meat Products
- Breads
- Dairy Products
- Others
- Non-Food Products
- Cosmetics
- Paper Products
- Shoe Polish
- Others
The regional markets for carob bean gum can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the Food Industry Bolstering the Market Growth
Due to its low price, which is a key driver for the future growth of the market, carob bean gum has replaced guar gum applications in the food and drink industry. Due to its natural properties as a food additive, carob bean gum is outperforming in the food industry. The commercial quality of food products in which flavours and enhancers are needed will contribute to the growth of the demand for carob bean gum. These additives also reinforce the structures and aromas in order to enhance the consumables' nutritional value. In addition, food producers have increasingly begun to favour natural and custom enhancers and additives over artificial enhancers and promoting organic crop additives, creating further opportunities for the carob bean gum industry.
Key Industry Players in the Global Carob Bean Gum Market
The report gives a detailed analysis of the following key players in the global carob bean gum market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill, Incorporated
- DuPont de Nemours, Inc.
- TIC Gums, Inc.
- Contined B.V.
- Carob S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Region |
| Breakup by Form | Powder, Gel |
| Breakup by Application | Food Products, Non-Food Products |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cargill, Incorporated, DuPont de Nemours, Inc., TIC Gums, Inc., Contined B.V., Carob S.A., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Carob Bean Gum Market Analysis
8.1 Key Industry Highlights
8.2 Global Carob Bean Gum Historical Market (2018-2022)
8.3 Global Carob Bean Gum Market Forecast (2023-2028)
8.4 Global Carob Bean Gum Market by Form
8.4.1 Powder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Gel
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Carob Bean Gum Market by Application
8.5.1 Food Products
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Breakfast Cereals
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2018-2022)
8.5.1.4.1.3 Forecast Trend (2023-2028)
8.5.1.4.2 Salad Dressing
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2018-2022)
8.5.1.4.2.3 Forecast Trend (2023-2028)
8.5.1.4.3 Meat Products
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2018-2022)
8.5.1.4.3.3 Forecast Trend (2023-2028)
8.5.1.4.4 Breads
8.5.1.4.4.1 Market Share
8.5.1.4.4.2 Historical Trend (2018-2022)
8.5.1.4.4.3 Forecast Trend (2023-2028)
8.5.1.4.5 Dairy Products
8.5.1.4.5.1 Market Share
8.5.1.4.5.2 Historical Trend (2018-2022)
8.5.1.4.5.3 Forecast Trend (2023-2028)
8.5.1.4.6 Others
8.5.2 Non-Food Products
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.4 Breakup by Type
8.5.2.4.1 Cosmetic
8.5.2.4.1.1 Market Share
8.5.2.4.1.2 Historical Trend (2018-2022)
8.5.2.4.1.3 Forecast Trend (2023-2028)
8.5.2.4.2 Paper Products
8.5.2.4.2.1 Market Share
8.5.2.4.2.2 Historical Trend (2018-2022)
8.5.2.4.2.3 Forecast Trend (2023-2028)
8.5.2.4.3 Shoe Polish
8.5.2.4.3.1 Market Share
8.5.2.4.3.2 Historical Trend (2018-2022)
8.5.2.4.3.3 Forecast Trend (2023-2028)
8.5.2.4.4 Others
8.6 Global Carob Bean Gum Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Carob Bean Gum Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Carob Bean Gum Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Carob Bean Gum Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Carob Bean Gum Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Carob Bean Gum Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill, Incorporated
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 DuPont de Nemours, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 TIC Gums, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Contined B.V.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Carob S.A.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Carob Bean Gum Market: Key Industry Highlights, 2016 and 2026
2. Global Carob Bean Gum Historical Market: Breakup by Form (USD Billion), 2018-2022
3. Global Carob Bean Gum Market Forecast: Breakup by Form (USD Billion), 2023-2028
4. Global Carob Bean Gum Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Carob Bean Gum Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Carob Bean Gum Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Carob Bean Gum Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Carob Bean Gum Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Carob Bean Gum Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Carob Bean Gum Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Carob Bean Gum Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Carob Bean Gum Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Carob Bean Gum Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Carob Bean Gum Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Carob Bean Gum Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Carob Bean Gum Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Carob Bean Gum Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Carob Bean Gum Market Structure
Key Questions Answered in the Report
The global carob bean gum market is being aided by the growth of the food additives market, which is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The food additives market is estimated to reach about USD 68 billion by 2026 and is projected to aid the growth of the carob bean gum industry.
The major drivers of the market include the product’s cost-effectiveness, product’s high fibre quantity, the rising application in the food industry, rising middle class population, and growing demand for processed and convenient foods.
The rising demand for natural and organic products among the consumers is acting as a key industry trend for the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of carob bean gum in the market are powder and gel.
The major application segments in the industry are food products and non-food products.
The major players in the industry are Cargill, Incorporated, DuPont de Nemours, Inc., TIC Gums, Inc, Contined B.V., and Carob S.A., among others.
Analyst Review
The global carob bean gum market is being driven by the growing food additives market. Aided by the rising demand for organic products, the food additives market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%. The food additives market is projected to reach USD 68 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the market is bifurcated into powder and gel. On the basis of application, the industry is divided into food products and non-food products. The major regional markets for carob bean gum are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill, Incorporated, DuPont de Nemours, Inc., TIC Gums, Inc, Contined B.V., and Carob S.A., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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