A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Locust
Bean Gum
Market. The
study, titled “Locust
Bean Gum Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2021”,
is available for sale on the firm’s website.
Locust
bean gum is cost effective food additive that is used across
different application of food in order to meet consumers demand. It
is used as a gelling agent, thickener, stabilizers and fat
replicators in food technology. Moreover it can be used as a
chocolate substitute owing to its sweet flavor. The global locust
bean gum market can be segmented on the basis of application,
function and geography. The application segment is further bifurcated
into food and beverages, pharmaceutical, textile, cosmetics and
others. The function segment includes stabilizing function, texturing
function, and coating function among others. In addition, the report
provides a cross-sectional analysis of all the above segments with
respect to different geographical regions including North America,
Europe, Asia Pacific and Rest of the World (RoW).
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Report Preview:
Locust
bean gum is replacing the application of guar gum in food and
beverage industries due to its low price. This is expected to be the
key factor boosting the growth of locust bean gum market globally.
Moreover, increasing demand for convenience food also fuelling the
demand for locust bean gum. Busy lifestyle and changing eating
patterns are driving the growth of convenience food products which in
turn is escalating the demand of locust bean gum on account of its
increasing application as a thickener and gelling agent. In addition,
the global locust bean gum market is expected to show a robust growth
owing to the increasing demand for low cholesterol food products by
health conscious customers. Locust bean gum has the ability to
suppress the fat content of food products by dispersing in the water
and acts as a fat replacer.
However
the low price of the locust bean gum fetches very less profit to the
locust bean growers worldwide. This is predicted to hamper the future
supply of locust bean. Imbalance between demand and supply due to
shortage of resources is expected to hinder the growth of global
locust bean gum market. Moreover, Carob tree which is the main source
of locust bean are mainly grown in Mediterranean region. During
winter, frost in this region mostly damages the fruits of Carob trees
which results in fewer yields of locust beans. Owing to this, the
prices of locust bean gum considerable fluctuate, thus limiting
industries to switch to locust bean gum.
In
2014, among the different application segment the food and beverage
segment held the largest share in terms of locust bean gum market.
Increasing application of locust bean gum in food and beverage
industry as a fat replicators and stabilizer is expected to trigger
the growth of locust bean gum in food and beverage segment.
Food
and beverage industry is followed by textile industry. Use of locust
bean gum is rapidly increasing in textile industry as print paste
thickener and sizing agent.
Geographically,
Europe held the largest market for locust bean gum in 2014. Among
Europe, UK followed by Germany is the largest importer of locust bean
gum owing to the high demand of from different application segment.
Europe is followed by Asia Pacific region. The locust bean gum market
is Asia Pacific region is primarily driven by China followed by
India. Huge customer base in Asia Pacific region owing to increasing
population coupled with rising disposable income provides better
scope for food and beverage industries. This in turn is driving the
global locust bean gum market. On the other hand North America is
losing its market share due to high price of locust bean gum.
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to view Sample Report:
Some
of the major key players in the global locust been gum market are
Cargill, Kerry group, FMC Specialty Chemicals, Gum Technology
Corporation and E.I. Dupont De Nemours & Company.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
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