The Tara Gum Market size was valued at USD 29.15 Million in 2023 and the total Tara Gum Market revenue is expected to grow at a CAGR of 4.05 % from 2024 to 2030, reaching nearly USD 38.49 Million by 2030. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.Tara Gum Market Overview
Tara, also identified as Caesalpinia Spinosa, is a leguminous tree that is generally found in Peru. Gum, a natural additive, is obtained by crushing the endosperm of Caesalpinia Spinosa seeds. Tara gum is thus found in powdered form. It is a type of galactomannan that offers economical and functional benefits and has found an extensive range of applications in the food industry as well.To know about the Research Methodology:- Request Free Sample Report
Tara Gum Market Dynamics
The health concerns among consumers about the consumption of appropriate diet to avoid occurrences of diseases are leading to increase the demand for Tara gum that has found usage in the food industry for producing low-calorie food and thus is driving the growth of the global Tara gum market. Tara gums are extensively used in the fat replacement systems and thus attracting food producers. Also, these natural additives are used in cosmetic applications, on account of the increasing use of natural ingredients in cosmetic products. The increasing prices of guar gum are the significant factor accountable for the growth of the market as the latter has been accepted as a worthwhile substitute to guar gum, which is a favorable environment for the growth of the Tara gum market. The adoption of Tara gum in the animal feed industry to encourage the growth of poultry and cattle growth and decrease diseases in animals is an additional factor driving the growth of the Tara gum market. As well, the demand from the pharmaceutical sectors for the production of several pharmaceuticals supplements is a factor that is answerable for the growth of the Tara gum market in the years to come. On the other hand, the lower availability of Tara gum products is expected to make a gap between demand and supply which is hindering the growth of the market. Also, easy availability and preparation of synthetic gums are expected to obstruct the growth of the Tara gum market in the future, thanks to the superior quality of synthetic gums.Tara Gum Market Segment Analysis
By application, the food industry segment is leading for Tara gum market in recent years, thanks to its several applications in the manufacturing of low-fat and low-calorie foods, containing water-based flavored drinks, liquid milk, frozen dairy desserts, bread and bakery, mixed foods, ready dishes, sauces, and condiments.Regional Insights
Region-wise, the Asia Pacific is expected to be the fastest-growing market over the coming years. Speedy economic development, the demand for medicines derived from natural ingredients, and the demand for low-fat food products are expected to intensify the demand for Tara gum in the future. Key players of the market operating in the cosmetic industry are mainly focusing on the Asia Pacific region to gain market share in these available markets. The market in North America is expected to account for the second-largest revenue share, on account of the demand in food & beverage industries. The market in North America is followed by the market in Europe, Asia Pacific, and Middle East & Africa. The objective of the report is to present a comprehensive analysis of the Global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.Tara Gum Market Scope: Inquire before buying
Tara Gum Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 29.15 Million. Forecast Period 2024 to 2030 CAGR: 4.05 % Market Size in 2030: USD 38.49 Million. Segments Covered: by Type Low Viscosity Tara Gum Medium Viscosity Tara Gum High Viscosity Tara Gum by Application Food Beverages Animal Feed Pharmaceuticals Health & Personal Care Others Tara Gum Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players are:
1. Silvateam S.P.A. 2. Exandal Corp 3. Molinos Asociados S.A.C 4. Gomas Y Taninos S A C 5. Unitán 6. Meron 7. RETTENMAIER & SÖHNE GmbH + Co KG 8. Ingredion 9. Nexira 10. Foodchem 11. Dextra Laboratories 12. Gelymar 13. Unipektin Ingredients AG 14. Amstel Products 15. Argos Export SA Frequently Asked Questions: 1. Which region has the largest share in Global Tara Gum Market? Ans: Asia Pacific region holds the highest share in 2023. 2. What is the growth rate of Global Tara Gum Market? Ans: The Global Market is growing at a CAGR of 4.05 % during forecasting period 2024-2030. 3. What is scope of the Global Tara Gum market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Tara Gum market? Ans: The important key players in the Global Market are –TIG corporation, Argos Peru SA, Molinos Asociados S.A.C., Gomas y Taninos S.A.C., Priya International, Innova Export Ltd., AgriExport SRL, KALYS, Gelymar, Silvateam, Exandal Corp, Ingredients Solutions, UNIPEKTIN INGREDIENTS, Amstel Products, IHC Chempharm, HSH Chemie 5. What is the study period of this market? Ans: The Global Market is studied from 2023 to 2030.
1. Tara Gum Market: Executive Summary 1.1. Executive Summary 1.1.1. Market Size (2023) & Forecast (2024-2030) 1.1.2. Market Size (USD) and Market Share (%) - By Segments, Regions, and Country 2. Tara Gum Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Product Segment 2.2.3. End User Segment 2.2.4. Revenue (2023) 2.2.5. Market Share (%) 2.2.6. Headquarter 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Mergers and Acquisitions Details 3. Tara Gum Market: Dynamics 3.1. Tara Gum Market Trends 3.2. Tara Gum Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 4. Production Capacity Analysis 4.1. Overview of Major Tara Gum Producing Countries 4.2. Top Producers by Capacity 4.3. Key Factors Influencing Production Capacity 5. Import-Export Analysis 5.1. Import Scenario 5.2. Export Scenario 6. Supply Chain Analysis 6.1. Raw Material Sourcing 6.2. Processing 6.3. Transportation and Storage 6.4. Distribution and Retail 6.5. End Users 7. Tara Gum Market: Global Market Size and Forecast by Segmentation (2023-2030) 7.1. Tara Gum Market Size and Forecast, By Type (2023-2030) 7.1.1. Low Viscosity Tara Gum 7.1.2. Medium Viscosity Tara Gum 7.1.3. High Viscosity Tara Gum 7.2. Tara Gum Market Size and Forecast, By Application (2023-2030) 7.2.1. Food & Beverages 7.2.2. Pharmaceuticals 7.2.3. Cosmetics & Personal Care 7.2.4. Animal Feed 7.2.5. Others 7.3. Tara Gum Market Size and Forecast, by Region (2023-2030) 7.3.1. North America 7.3.2. Europe 7.3.3. Asia Pacific 7.3.4. Middle East and Africa 7.3.5. South America 8. North America Tara Gum Market Size and Forecast by Segmentation (2023-2030) 8.1. North America Tara Gum Market Size and Forecast, By Type (2023-2030) 8.1.1. Low Viscosity Tara Gum 8.1.2. Medium Viscosity Tara Gum 8.1.3. High Viscosity Tara Gum 8.2. North America Tara Gum Market Size and Forecast, By Application (2023-2030) 8.2.1. Food & Beverages 8.2.2. Pharmaceuticals 8.2.3. Cosmetics & Personal Care 8.2.4. Animal Feed 8.2.5. Others 8.3. North America Tara Gum Market Size and Forecast, by Country (2023-2030) 8.3.1. United States 8.3.1.1. United States Tara Gum Market Size and Forecast, By Type 8.3.1.2. United States Tara Gum Market Size and Forecast, By Application 8.3.2. Canada 8.3.3. Mexico 9. Europe Tara Gum Market Size and Forecast by Segmentation (2023-2030) 9.1. Europe Tara Gum Market Size and Forecast, By Type (2023-2030) 9.2. Europe Tara Gum Market Size and Forecast, By Application (2023-2030) 9.3. Europe Tara Gum Market Size and Forecast, by Country (2023-2030) 9.3.1. United Kingdom 9.3.1.1. United Kingdom Tara Gum Market Size and Forecast, By Type 9.3.1.2. United Kingdom Tara Gum Market Size and Forecast, By Application 9.3.2. France 9.3.3. Germany 9.3.4. Italy 9.3.5. Spain 9.3.6. Sweden 9.3.7. Russia 9.3.8. Rest of Europe 10. Asia Pacific Tara Gum Market Size and Forecast by Segmentation (2023-2030) 10.1. Asia Pacific Tara Gum Market Size and Forecast, By Type (2023-2030) 10.2. Asia Pacific Tara Gum Market Size and Forecast, By Application (2023-2030) 10.3. Asia Pacific Tara Gum Market Size and Forecast, by Country (2023-2030) 10.3.1. China 10.3.1.1. China Tara Gum Market Size and Forecast, By Type 10.3.1.2. China Tara Gum Market Size and Forecast, By Application 10.3.2. South Korea 10.3.3. Japan 10.3.4. India 10.3.5. Australia 10.3.6. Malaysia 10.3.7. Thailand 10.3.8. Vietnam 10.3.9. Indonesia 10.3.10. Philippines 10.3.11. Rest of Asia Pacific 11.1. Middle East and Africa Tara Gum Market Size and Forecast, By Type (2023-2030) 11.2. Middle East and Africa Tara Gum Market Size and Forecast, By Application (2023-2030) 11.3. Middle East and Africa Tara Gum Market Size and Forecast, by Country (2023-2030) 11.3.1. South Africa 11.3.1.1. South Africa Tara Gum Market Size and Forecast, By Type 11.3.1.2. South Africa Tara Gum Market Size and Forecast, By Application 11.3.2. GCC 11.3.3. Nigeria 11.3.4. Egypt 11.3.5. Rest of ME&A 12. South America Tara Gum Market Size and Forecast by Segmentation (2023-2030) 12.1. South America Tara Gum Market Size and Forecast, By Type (2023-2030) 12.2. South America Tara Gum Market Size and Forecast, By Application (2023-2030) 12.3. South America Tara Gum Market Size and Forecast, by Country (2023-2030) 12.3.1. Brazil 12.3.1.1. Brazil Tara Gum Market Size and Forecast, By Type 12.3.1.2. Brazil Tara Gum Market Size and Forecast, By Application 12.3.2. Argentina 12.3.3. Colombia 12.3.4. Chile 12.3.5. Rest of South America 13. Company Profile: Key Players 13.1. Silvateam S.P.A. 13.1.1. Company Overview 13.1.2. Business Portfolio 13.1.3. Financial Overview 13.1.4. SWOT Analysis 13.1.5. Strategic Analysis 13.1.6. Recent Developments 13.2. Exandal Corp 13.3. Molinos Asociados S.A.C 13.4. Gomas Y Taninos S A C 13.5. Unitán 13.6. Meron 13.7. RETTENMAIER & SÖHNE GmbH + Co KG 13.8. Ingredion 13.9. Nexira 13.10. Foodchem 13.11. Dextra Laboratories 13.12. Gelymar 13.13. Unipektin Ingredients AG 13.14. Amstel Products 13.15. Argos Export SA 13.16. Other Key Players 14. Key Findings 15. Analyst Recommendations 16. Tara Gum Market – Research Methodology
