Global Tara Gum Market Growth 2023-2029

Global Tara Gum Market Growth 2023-2029

Tara gum is a natural additive, obtained by grinding the endosperm of the seeds. Tara gum, also called Peruvian carob, is a white to yellowish powder which is soluble in hot water and partially soluble in cold water. Chemically, tara gum is comprised of polysaccharides, mainly galactomannans, of high molecular weight. Tara gum is approved as a food additive by the Food Chemicals Codex and functions mainly as a thickener and stabilizer.
LPI (LP Information)' newest research report, the “Tara Gum Industry Forecast” looks at past sales and reviews total world Tara Gum sales in 2022, providing a comprehensive analysis by region and market sector of projected Tara Gum sales for 2023 through 2029. With Tara Gum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tara Gum industry.
This Insight Report provides a comprehensive analysis of the global Tara 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 Tara Gum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tara Gum market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tara 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 Tara Gum.
The global Tara Gum market size is projected to grow from US$ 22 million in 2022 to US$ 27 million in 2029; it is expected to grow at a CAGR of 27 from 2023 to 2029.
Global key players of Tara Gum include Exandal, Molinos Asociados, etc. Global top 3 companies hold a share over 40%. Europe is the largest market, with a share about 45%, followed by North America and Asia Pacific with the share about 20% respectively. In terms of product, Conventional type is the largest segment, with a share over 90%. And in terms of application, the largest application is Food & Beverages, with a share about 70%.
This report presents a comprehensive overview, market shares, and growth opportunities of Tara Gum market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Conventional Tara Gum
Organic Tara Gum
Segmentation by application
Food & Beverages
Pharmaceuticals
Cosmetics
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.
Exandal
Molinos Asociados
Silvateam
TIC Gums (Ingredion)
Polygal
Ingredients Solutions
Seppic
UNIPEKTIN Ingredients
Gelymar
Argos Peru
Colony Gums

Key Questions Addressed in this Report
What is the 10-year outlook for the global Tara Gum market?
What factors are driving Tara Gum market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tara Gum market opportunities vary by end market size?
How does Tara 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.