Global Carob Bean Gum Market Growth 2023-2029

Global Carob Bean Gum Market Growth 2023-2029

Carob bean gum, also known as locust bean gum, is a hydrocolloid used in food as a thickener, stabilizer and emulsifier. Carob bean gum is the ground endosperm of the seeds of the carob tree.The Carob Bean Gum industry can be broken down into several segments, Food Grade, Petfood Grade, etc. Across the world, the major players cover DuPont, LBG Sicilia Ingredients, Carob, S. A., INCOM A. Ş., GA Torres, GKM CO., Industrial Farense, Carob Ingredient, Polygal AG, etc.

LPI (LP Information)' newest research report, the “Carob Bean Gum Industry Forecast” looks at past sales and reviews total world Carob Bean Gum sales in 2022, providing a comprehensive analysis by region and market sector of projected Carob Bean Gum sales for 2023 through 2029. With Carob Bean Gum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carob Bean Gum industry.

This Insight Report provides a comprehensive analysis of the global Carob Bean Gum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carob Bean Gum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carob Bean Gum market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carob Bean Gum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carob Bean Gum.

The global Carob Bean Gum market size is projected to grow from US$ 355.1 million in 2022 to US$ 289.1 million in 2029; it is expected to grow at a CAGR of 289.1 from 2023 to 2029.

Global key players of carob bean gum include DuPont, LBG Sicilia Ingredients, Carob, S. A., etc. Global top three manufacturers hold a share over 60%. The key players are mainly located in North America, Europe and Mid East & Africa. In terms of product, food grade is the largest segment, with a share over 95%. And in terms of application, the largest application is dairy & frozen desserts, with a share over 47%.

This report presents a comprehensive overview, market shares, and growth opportunities of Carob Bean Gum market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Food Grade Carob Bean Gum
Petfood Grade Carob Bean Gum

Segmentation by application
Bakery
Meat & Seafood
Sauce & Dressing
Dairy & Frozen Desserts
Petfood
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DuPont
LBG Sicilia Ingredients
Carob, S.A
Cargill
INCOM A.Ş
GKM Co.
GA Torres
Polygal AG
Industrial Farense
Carob Ingredient

Key Questions Addressed in this Report

What is the 10-year outlook for the global Carob Bean Gum market?

What factors are driving Carob Bean Gum market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Carob Bean Gum market opportunities vary by end market size?

How does Carob Bean Gum break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.