Highlights of the global karaya gum market
A large number of regional companies currently operate in the global karaya gum market. These local players are not only price regulators but also account for almost 65% of the global market share. India is the target region in the global market for karaya gum owing to the easy availability of resources and the ever increasing demand for pharmaceuticals and food and beverages in the global market. Some of the key players are also located in North America and Europe. Multinational players operating in this market include Spectrum Chemical Manufacturing Corp and Merck KGaA Ingredion.
Local players currently dominate the market owing to the cheap availability of raw material coupled with their strong focus on the natural gums portfolio. This has however made it difficult for international players to penetrate and sustain in the global market for karaya gum. In order to meet the high consumer demand, manufacturers at the regional level are strengthening their position in the market by updating and upgrading their manufacturing facilities.
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- Alland & Robert
- Neelkanth Finechem LLP
- Kapadia Gum Industries Pvt.Ltd.
- Sigma-Aldrich Corporation
- Simosis International
- ISC Gums
- ANDINA INGREDIENTS LTD
- Spectrum Chemical Manufacturing Corp
- AEP Colloids, Inc.
- Herbal World
Increasing demand for natural gums in the food & beverage industry to boost the global karaya gum market growth over the forecast period
Karaya gum is generally utilized in the food and beverages industry as an emulsifier in various product applications. It has inherent properties such as – allowing scattering of oil into water and ensuring the stability of beverages to prevent precipitation. Karaya gum is steady even in a low pH environment, and is a moderately fundamental element for beverages. It is less viscous in water and in other liquids and does not change the texture or the flavor of the original beverage. All these advantages of karaya gum are being recognized by manufacturers in the food and beverages industry, who are discovering various product applications of karaya gum in different food products.
The demand for karaya gum is also growing in the bakery industry. Karaya gum is a natural binder and its consumption does not cause any harm. All these factors are creating a positive impact on the global karaya gum market.
In the biotechnology era, manufacturers operating in pharmaceutical industries are showing their inclination towards the usage of naturally-derived polymers in drug formulations. This is because of various associated advantages such as these products with natural ingredients are non-toxic and inert; and these polymers have more benefits over synthetic products.
Manufacturers are also using natural ingredients as raw materials in their products as there is tremendous demand for natural and healthy products from consumers. Gums are potential candidates in novel drug delivery systems; while in other applications such as bulk laxatives, binders in tablets and dental adhesives, gums are increasingly being used as suspending agents.
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The powder segment holds the highest value share in the global karaya gum market and will retain its leading position during the forecast period
Among the form segments, the powder segment is expected to represent the highest CAGR of 3.5% and is also anticipated to gain 63 BPS over the forecast period. The powder form of karaya gum is the widely used form in the food and pharmaceutical industry, and hence is expected to account for the highest growth in terms of volume.
Powder segment is expected to dominate the karaya gum market in revenue terms in 2017, and is projected to continue to do so throughout the forecast period. This is the most attractive segment, with an attractiveness index of 2.9 over the study period. The powder segment was anticipated to account for more than 90% value share in 2017, and will retain its position in terms of revenue share through 2025.
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