About Food Gums
The global food gums market expected to flourish in the future owing to increasing demand from the food, pharmaceutical, daily cosmetics, and others. Increasing demand from the food and beverage industry as food gums enhances the flavor, texture, shelf life, consistency of the food products. Moreover, it is less viscous in water and in other liquids and it does not change the flavor or texture of the original drink. Key players are focusing on discovering different product applications of food gum in the food and pharmaceutical industry driving the demand for the food gum market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Food Gums and market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Food Gums market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Food Gums market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hebei Xinhe Biochemical (China), TIC Gums (United States), Meihua Group (China), CP Kelco (United States), Deosen Biochemical (United States), ADM (United States), Jungbunzlauer (Switzerland), Fufeng Group (China) and Cargill (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Vanderbilt Minerals (United States) and DuPont Danisco (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Food Gums market by Type (Guar Gum, Xanthan Gum and Others), Application (Food, Pharmaceutical, Daily Cosmetics and Others) and Region.
On the basis of geography, the market of Food Gums has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Food Gums market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Proteins will boost the Food Gums market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Inclination towards Organic Food Products
Market Growth Drivers:
Rising Demand from the Food and Beverage Industry and Increasing Demand Form Pharmaceutical Industry
Challenges:
Increasing Number of Local Players
Restraints:
Stringent Government Regulations Regarding Food Gums
Opportunities:
Increasing Demand for the Guar Gum and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In May 2023, Brenntag, a Germany-based distributor of chemicals and ingredients, acquired Colony Gums, Inc. Terms of the acquisition were not disclosed. Colony Gums, based in Monroe, NC, is a manufacturer of gums and stabilizers for the pharmaceutical, chemical and food industries. Colony Gums also works with hydrocolloids.
In January 2024, In a major expansion move, Refresh Gum, a plant-based chewing gum company, announced its launch in all Sprouts Farmers Market locations across the United States. This significant partnership marks the beginning of a series of rollouts planned.
Key Target Audience
Food Gums, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.