A new research report titled “Global Market Study on Karaya Gum: Powder Form of Karaya Gum Likely to be Highly Preferred Across End Use Industries During 2017 – 2025” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the report, the global karaya gum market is likely to grow at a CAGR of 3.4% during the assessment period.
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According to the report, global demand for karaya will continue to be influenced by its applications in the food and beverage industry. Surging demand in the pharmaceutical industry is also likely to promote growth of the market during the assessment period. Growing consumer awareness on the benefits of natural additives is one of the key factors attributed to the surge in demand for karaya gum. The preference for natural and organic products is also fuelling demand, with consumers in developed countries paying utmost attention to labels of products.
Although the outlook on the global karaya gum market remains positive, it is highly likely that procurement of raw materials will continue to pose challenges to manufacturers during the assessment period. The felling of trees from which karaya gum is obtained is one of the key factors for the challenges associated with the procurement of raw materials.
The global market for karaya gum continues to be highly fragmented, with a large number of regional players accounting for a significant share of the demand. India continues to be one of the largest markets for karaya gum globally, on account of easy availability of raw materials in the country.
The report offers in-depth analysis, insights, and forecast on the basis of various segments. The detailed segment-wise analysis helps readers in understanding the scope of the market. The segmentation also enables readers to gain credible insights on the lucrative and sluggish avenues of growth in the market.
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By end use, the global karaya gum market has been segmented into food & beverages, pharmaceuticals, and cosmetics. Among these, demand for karaya gum is the highest in pharmaceuticals on account of its excellent adhesive properties. The growing demand for pharmaceuticals due to increasing geriatric population, and resurgence in the healthcare sector in developing countries is likely to influence demand during the assessment period.
By region, Asia Pacific is likely to remain one of the most lucrative markets for karaya gum globally. The demand for karaya gum in Asia Pacific is likely to remain concentrated in India, with China being the other key country. The key players profiled in the report include ANDINA INGREDIENTS LTD, Alland & Robert, Sigma-Aldrich Corporation, Simosis International, Neelkanth Finechem LLP, Nutriroma, AEP Colloids Inc., Kapadia Gum Industries Pvt.Ltd., ISC Gums, Spectrum Chemical Manufacturing Corp, and Herbal World.
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