Karaya Gum Market Segmented By Powder, Granules, Lumps Forms in Food and Beverages, Cosmetics, Pharmaceuticals Industry
Industry: Food and Beverages
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 187
Report ID: PMRREP21664
Expanding at a CAGR of 3.2%, the global karaya gum market is projected to increase from a valuation of US$ 84.1 Mn in 2023 to US$ 115.7 Mn by 2033.
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Karaya Gum Market Size (2023E) |
US$ 84.1Mn |
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Projected Sales of Karaya Gum (2033F) |
US$ 115.7 Mn |
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Value CAGR (2023-2033) |
3.2% |
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Value Share of Top 4 Countries (2022E) |
35.8% |
The global karaya gum market in the historical period registered a CAGR of 3.4% and it is expected to value at US$ 84.1 Mn in 2023. The market is expected to grow steadily with increasing exposure among the consumers about numerous benefits associated with karaya gums.
The global production of karaya gum has been slowly declining over the past decade. This is primarily attributed to cutting down of forests in the major producing countries. India, which was the largest producer of karaya gum, has been depleted of its resources, and has shown a decline in exports since the past two decades. Hence, India has been importing karaya gum form foreign producers. Countries which have extensive forest area are expected to satisfy the global demand of karaya gum. While African countries like Sudan, Kenya, Ethiopia, Ghana, and Senegal have abundant market potential, karaya is not produced on a commercial scale in these regions.
In India, which was once the largest producer, karaya gum formed 0.02% of the total production share of natural gums and resins in 2014. The overall production of India has decreased from 6,838 tons in 1975 to just 130.2 tons in 2014. Senegal, which also produces karaya gum on a large scale, consumes a major part of what is manufactured. In 2005, the country consumed 30% of the total production of karaya gum as a food condiment. Karaya gum accounted for 30% of the total forest produce of the Tambacounda region in Senegal, and it has been a major source of income for the rural population. Developing countries, where consumers are highly dependent on the trade of agricultural and forest products, have average market potential for the karaya gum market and exhibit moderate growth in the forecast period.
The market is likely to slowly expand based on the market trends and attain a valuation of US$ 115.7 Mn and a CAGR of 3.2% for the forecast duration.
“Increasing Demand for Natural Gums in the Food & Beverage Industry”
The demand for karaya gum regarding its utility as a natural binding agent in the bakery & confectionery industry is relatively high, and it causes no harm if consumed, unlike synthetic or artificial binders.
Karaya gum is widely used in the food and beverage industry as an emulsifier in a variety of product applications. It has properties such as permitting dispersion of oil into water and stabilizing beverages to avoid precipitation. Karaya gum is stable in low pH environments, and is a relatively essential ingredient for beverages. Also, it exhibits low viscosity properties in water and other liquids, without changing the flavor or texture of the original beverage. These advantages are encouraging key players in the global food and beverage industry to adopt and explore product applications of karaya gum in various other food products. In addition, this trend is expected to continue over the forecast period.
“Demand for Naturally-derived Pharmaceutical Products”
In the era of biotechnology, pharmaceutical manufacturers are exhibiting orientation towards the use of naturally-derived polymers in drug formulations. Since products with natural ingredients are chemically inert and non-toxic, they have many advantages over synthetic products. The increasing consumer demand for healthy and natural products is compelling manufacturers to use natural ingredients as raw materials in their products. Nowadays, gums are potential candidates for the production of Novel Drug Delivery Systems (NDDS). In other applications, it has been found to be a suspending agent, binder in tablets, dental adhesive, and bulk laxative.
“Growing Trend for Clean Label Products”
Currently, the preference for products containing natural ingredients is popular among producers as well as consumers in the global market. Due to this trend, there is a growing number of producers who have focused on securing food materials and raw ingredients that are processed under ideal/ suitable conditions. This includes processes that involve cleaning, sorting, and grading of products, where the processing company is required to stringently adhere to various norms & regulations related to hygiene, extraction practices, etc. This is done due to the need to reduce the impact of construction on the environment.
The manufacture of karaya gum with clean labels is a developing trend in the food and beverage industry, expected to offer a highly competitive and sustainable advantage over producers of artificial ingredients.
“Raising Awareness Amongst Local Producers”
Many local manufacturers such as tribesmen and villagers are unaware of the growth and opportunities in the karaya gum market. Educational programs to encourage these people to source and produce karaya gum with an organized methodology may also boost the growth of the market in developing countries. This will indirectly also have a positive impact on the economy of these countries, and grant employment to tribal and village manufacturers.
“Low shelf life in the powdered form”
After harvest, karaya gum is mostly processed to a powdered form. However, in dry form, it is known to lose its viscosity. Due to this nature, heavy storage costs are involved for the manufacturers, especially superior storage facilities during long distance transport in hot and humid climate is essential to restore the good quality of the product. The transport of karaya gum often involves additional costs like cold storage and addition of preservatives to prevent the loss of viscosity of the product.
How is the North American Karaya Gum Market Faring?
The North American market holds 39.4% of the global share while U.S. held 34.1% of the market in 2022.
The karaya gum market in North America is rapidly developing due to advances in food nutrition and greater focus of individuals towards applicability of the same in various industries. The positive impacts of clean label food and food products have been gathering traction in the global market as well.
How is the European Karaya Gum Market Faring?
The European market for karaya gum holds 34.1% of the market value share in 2022.
Europe is likely to emerge as big market for karaya gums during 2023-2033. There is an impressively robust foodservice industry in the European region which is likely to bolster the sales for Karaya gum in the European market in the forecast duration.
Which Form of Karaya Gum Accounts for High Revenue Generation?
Powder segment is expected to dominate the karaya gum market in revenue terms in 2023, and is expected to continue to do so throughout the forecast period. This is the most attractive segment, with an attractiveness index of 2.9 over the forecast period.
The powder segment is expected to account for an 93.1% value share in 2023, and is projected to account for a 93.7% share by 2032 end.
Which End Use of Karaya Gum is seen more across the World?
Pharmaceutical segment is expected to dominate the global karaya gum market in revenue terms in 2023, and is projected to continue to do so throughout the forecast period. This is the most attractive segment, with an attractiveness index of 2.0 over the forecast period.
The powder segment is expected to account for an 52.7% value share in 2023, and is projected to account for a 52.1% share by 2032.
The global karaya gum market is primarily characterized by an essence of a large number of local companies. An approximate share of 65% is accounted for by local players, and they are also the price regulators of the market. India is the main target region due to availability of resources and the increasing demand for food & beverages and pharmaceuticals in the market. Multinational players include Merck KGaA Ingredion and Spectrum Chemical Manufacturing Corp. A few regional players are located in Europe and North America. The strong focus on the natural gums portfolio and cheaper availability has led the local players to dominate the market, which has made it difficult for international players to penetrate the market. On a regional level, manufacturers are strengthening their position in the market by upgrading and expanding manufacturing facilities in order to meet high consumer demand.
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Attribute |
Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2017-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for karaya gum has a value of US$ 84.1 Mn in 2023.
The global market for karaya gum has a value CAGR of 3.4% from 2017-2022.
The global market for karaya gum has a value of US$ 115.7 Mn in 2033.
The global market for karaya gum has a value CAGR of 3.2% from 2023-2033.
The players in the global karaya gum market with significant market presence include Kapadia Gum Industries Pvt. Ltd., Spectrum Chemical Manufacturing Corp., Alland & Robert, AEP Colloids, ISC Gums, Merck KGaA.
