Tara Gum Market: Global Industry Analysis and Forecast (2023-2029)

Global Tara Gum Market was valued at US$ 23.21 Mn in 2022 and is expected to grow around US$ 27.59 Mn by 2029, at a CAGR of 2.5% during the forecast period.

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.
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Tara Gum Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
2.5%
US$ 23.21 Mn
US$ 27.59 Mn


Segments Covered


by Application
Food
Beverages
Animal Feed
Pharmaceuticals
Health & Personal Care
Others
by Attractiveness Analysis
PEST Analysis
Key Trends
Key Developments
by Type
Low Viscosity Tara Gum
Medium Viscosity Tara Gum
High Viscosity Tara Gum


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. TIG corporation
2. Argos Peru SA
3. Molinos Asociados S.A.C.
4. Gomas y Taninos S.A.C.
5. Priya International
6. Innova Export Ltd.
7. AgriExport SRL
8. KALYS
9. Gelymar
10.Silvateam
11.Exandal Corp
12.Ingredients Solutions
13.UNIPEKTIN INGREDIENTS
14.Amstel Products
15.IHC Chempharm
16.HSH Chemie

Frequently Asked Questions:

1. Which region has the largest share in Global Tara Gum Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Tara Gum Market?
Ans: The Global Market is growing at a CAGR of 2.5% during forecasting period 2023-2029.

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 2022 to 2029.