Market Research Future (Food and Beverages) Gum Arabic Market Research Report | Page 4

Global Gum Arabic Market Research Report- Forecast to 2023 3 Sample Pages Market Segmentation: The global gum arabic market has been segmented based on species, function, shape, application, and region. By species, the market has been segmented into acacia Senegal, and vachellia seyal. Acacia Senegal gum arabic accounts for the most significant share of the market and is expected to witness the highest CAGR during the forecast period due to this species being farmed and harvest the most. By function, the market has been segmented into thickening agent, fat replacer, stabilizers, gelling agent, coating agent, texturant and others. By shape, the market has been segmented into square, u-shape, rectangle, wave, round, convex and others. By application, the market has been segmented into bakery foods, beverages, encapsulated flavors, pharmaceuticals, nutraceuticals, personal care products and others. By region, the global market has been segmented into North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (RoW). Regional Analysis: The global gum arabic market is led by the North African Region which is sub-segmented under the Rest of the World (RoW). Sudan particularly is the producer of the majority of the gum arabic that is exported across the world. Gum arabic is a key export item for the country, and the government offers favorable incentives, regulations, and grants toward the farming and export of gum arabic. The Asia Pacific is another significant market due to the increase in production of gum arabic for use in various industries. Countries such as India and China have a burgeoning industrial sector and emerging economies that are driving demand across various industries where gum arabic is used, thus facilitating market growth. Page | 4 Copyright © 2017 Market Research Future.