Food Gums Market Outlook

The global food gums market size is projected to grow from USD 3.7 billion in 2023 to a forecasted USD 5.3 billion by 2032, registering a compound annual growth rate (CAGR) of 4.0% during this period. This steady growth is largely driven by the increasing demand for processed and convenience foods, which are reliant on food gums for their texture, stability, and shelf life. The rise in health-conscious consumers seeking gluten-free and low-fat alternatives also contributes to the burgeoning demand for food gums as thickeners and stabilizers. Furthermore, the expanding applications of food gums in various industries such as bakery, dairy, confectionery, and beverages are pivotal in propelling the market forward.

One of the primary growth factors of the food gums market is the burgeoning processed food industry. As urbanization continues to accelerate and lifestyles become busier, there is a significant shift towards ready-to-eat and convenience foods, which necessitate the use of food gums for texture and longevity. Processed food manufacturers leverage the unique properties of food gums to improve the mouthfeel, consistency, and overall quality of their products, ensuring that they meet consumer expectations. Additionally, the rise of the foodservice industry, driven by the growing number of cafes, restaurants, and takeaway outlets, amplifies the demand for food gums, as these establishments require consistent and high-quality food products.

Increasing consumer awareness and demand for clean-label and plant-based products is another crucial factor contributing to the growth of the food gums market. Consumers today are more informed and concerned about the ingredients in their foods, prompting a shift towards natural and minimally processed food products. This trend drives the demand for food gums derived from natural sources, such as guar gum and locust bean gum, as they align with consumer preferences for sustainability and health. Furthermore, the rise of veganism and vegetarian diets has propelled the use of food gums as alternatives to animal-based thickeners such as gelatin, further boosting market growth.

Technological advancements in food processing and formulation have also played a significant role in propelling the food gums market. Innovations in extraction and processing technologies have enhanced the functional properties of food gums, making them more effective and efficient. These advancements allow manufacturers to tailor food gums to specific applications, thereby expanding their use across various food segments. Additionally, research and development activities focused on discovering new sources of food gums and enhancing their functionalities are expected to create new opportunities for market growth. The continuous evolution of food technology ensures that food gums remain integral to modern food production.

Gellan Gum For Food has emerged as a versatile ingredient in the food industry, known for its exceptional gelling, thickening, and stabilizing properties. Derived from the fermentation of sugars by the bacterium Sphingomonas elodea, gellan gum is prized for its ability to form gels at low concentrations, making it an efficient choice for food manufacturers. Its use spans a variety of applications, including dairy products, beverages, and confectionery, where it enhances texture and stability. As consumers increasingly seek out plant-based and clean-label products, gellan gum's natural origin and functional benefits align well with these market trends. The growing demand for innovative food formulations that cater to health-conscious and environmentally-aware consumers further underscores the importance of gellan gum in the evolving food landscape.

When considering the regional outlook, Asia Pacific emerges as a dominant force in the global food gums market, bolstered by rapid urbanization, rising disposable incomes, and a burgeoning food and beverage industry. This region's increasing adoption of Western dietary habits amplifies the demand for processed foods, thereby driving the need for food gums. North America and Europe also represent significant markets due to established food processing industries and high consumer awareness of food quality. In Latin America and the Middle East & Africa, growing urban populations and increasing adoption of processed foods support market growth, albeit at a slower pace compared to other regions.

Product Type Analysis

When examining the food gums m

The global food gums market was valued at USD 8,248.3 million in 2025 and is projected to reach USD 12,144.0 million by 2033, exhibiting a CAGR of 3.7% during the forecast period (2025-2033). The rising demand for processed and packaged food products and the increasing popularity of plant-based diets are primarily driving the market growth. Furthermore, the growing awareness of the health benefits associated with food gums is fueling market expansion. Guar gum, xanthan gum, and other types of food gums are widely used as thickening agents, stabilizers, and emulsifiers in various food applications, such as sauces, dressings, soups, and dairy products. The growing consumption of these food products is expected to continue to drive the demand for food gums. Additionally, the increasing utilization of food gums in non-food applications, such as pharmaceuticals, personal care, and industrial products, is contributing to the market growth. The expansion of the food and beverage industry, particularly in emerging regions like Asia-Pacific, is further stimulating the demand for food gums, supporting the overall market expansion.

The global food gums market, valued at $8,248.3 million in 2025, is projected to experience steady growth, driven by increasing demand for convenient and healthier food products. The Compound Annual Growth Rate (CAGR) of 3.7% from 2025 to 2033 reflects a consistent expansion fueled by several key factors. The rising popularity of processed foods, particularly in developing economies, significantly contributes to market growth, as food gums play a crucial role in improving texture, stability, and shelf life. Furthermore, the growing awareness of health and wellness is indirectly boosting demand, as food gums are utilized in products catering to specific dietary needs and preferences, such as low-calorie and gluten-free options. Innovation within the food industry continues to introduce new applications for food gums, further stimulating market expansion. Major players like TIC Gums, CP Kelco, ADM, and Cargill are actively involved in research and development, creating specialized gums for diverse food applications, thus driving market growth. However, the market also faces certain restraints. Fluctuations in raw material prices, particularly agricultural commodities used in gum production, can impact profitability and pricing. Stringent regulatory frameworks and safety standards regarding food additives also present challenges for manufacturers. Despite these limitations, the long-term outlook for the food gums market remains positive, driven by consistent demand from the food and beverage industry, expanding global population, and increasing disposable incomes in emerging economies. The market segmentation, although not provided, is likely diverse, encompassing various gum types (e.g., xanthan gum, guar gum, locust bean gum) and applications (e.g., bakery, confectionery, dairy). This segmentation reflects the varied needs and functionalities of food gums within the broader food industry.

Market Overview The global food gums market was valued at USD 8248.3 million in 2025 and is projected to reach USD 11998.4 million by 2033, exhibiting a CAGR of 3.7% during the forecast period (2025-2033). Food gums are natural or modified polysaccharides used as thickeners, stabilizers, and emulsifiers in various food and beverage applications. The increasing demand for processed and convenient food products, the rise of clean-label ingredients, and the growing health-consciousness among consumers are driving the market growth. Guar gum, xanthan gum, and locust bean gum are the most widely used food gums. Segment Analysis Based on application, the food segment holds the most significant market share due to the extensive use of food gums as thickeners and stabilizers in food processing. The growing consumer preference for convenience foods, such as sauces, dressings, and soups, is propelling the demand for food gums in this segment. In terms of region, Asia Pacific is expected to witness the fastest growth over the forecast period, driven by the rising population, urbanization, and increasing disposable income in emerging economies like China and India.

The global plant gum market is experiencing robust growth, driven by increasing demand from the food and beverage, pharmaceutical, and cosmetic industries. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including the rising preference for natural and sustainable ingredients, the increasing use of plant-based gums as thickeners, stabilizers, and emulsifiers, and the growing awareness of the health benefits associated with certain plant gums. Key trends include the exploration of novel plant sources and the development of innovative gum derivatives with enhanced functionalities. The market faces some restraints, including price fluctuations of raw materials and potential supply chain disruptions. However, ongoing research and development in this sector are continuously improving the efficiency and cost-effectiveness of plant gum extraction and processing, mitigating some of these challenges. The market is segmented by type (e.g., gum arabic, guar gum, xanthan gum, carrageenan), application (food & beverage, pharmaceuticals, cosmetics, others), and geography. Major players like Nexira, Alland & Robert, and TIC Gums are driving innovation and expanding their market share through strategic partnerships and investments in research and development. Regional differences exist, with North America and Europe currently dominating the market due to high consumption and established production infrastructure. However, emerging economies in Asia-Pacific and Latin America are showing considerable potential for growth, driven by increasing disposable incomes and a rising demand for processed foods and consumer goods. The forecast period of 2025-2033 presents substantial opportunities for market expansion and diversification, particularly in niche applications and sustainable sourcing practices.

The xanthan gum market is estimated at USD 1.4 billion in 2025. With expanding applications across food, pharmaceutical, and industrial sectors, the industry is projected to grow at a steady CAGR of 6.7% during the forecast period, reaching USD 2.8 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 1.4 billion
Industry Value (2035F)	USD 2.8 billion
CAGR (2025 to 2035)	6.7%

Segment-wise Analysis

Segment	Value Share (2025)
Food Grade (By Grade)	58.9%

Segment	Value Share (2025)
Dry (By Form)	82.3%

Country-wise Analysis

Country	CAGR (2025 to 2035)
USA	5.9%
UK	6 %
France	5.7%
Germany	6.2%
Italy	5.5%
South Korea	7.1%
Japan	6.8%
China	8.4%
Australia	6.3%
New Zealand	6.5%

Competitive Outlook

Company Name	Estimated Market Share (%)
Cargill, Incorporated	19%
CP Kelco	17%
Deosen Biochemical Ltd.	12%
Archer Daniels Midland Company	10%
DuPont	9%
Other Key Players	33%

The global food grade guar gum market is experiencing robust growth, driven by increasing demand across diverse food and beverage applications. The market size in 2025 is estimated at $1.5 billion, with a Compound Annual Growth Rate (CAGR) of 5% projected from 2025 to 2033. This growth is fueled by several key factors. The expanding bakery and confectionery sector, coupled with rising consumption of dairy and frozen products, significantly contributes to the demand. Furthermore, the utilization of guar gum as a stabilizer, thickener, and emulsifier in beverages and sauces & dressings is boosting market expansion. The powder form of guar gum currently holds the largest market share due to its ease of use and cost-effectiveness. However, the solution form is gaining traction, owing to its convenience in certain applications. Geographically, North America and Europe currently dominate the market, but significant growth opportunities exist in the Asia-Pacific region, particularly in India and China, due to burgeoning food processing industries and increasing disposable incomes. While the market faces challenges such as price fluctuations in raw materials and the potential for substitutes, its versatility and functional properties ensure its continued relevance in the food industry. The competitive landscape is characterized by a mix of large multinational corporations and smaller regional players. Key players are continuously investing in research and development to enhance product quality and expand their application portfolio. Strategic partnerships, mergers and acquisitions, and innovative product launches are anticipated to further shape the market dynamics in the coming years. The market segmentation by application highlights the significant contribution of bakery & confectionery products, followed by dairy & frozen products, beverages, and sauces & dressings. Each segment presents unique opportunities for growth, with specific product innovations and tailored marketing strategies catering to the needs of individual sectors. The forecast period suggests continued market expansion, driven by sustained demand and technological advancements in food processing technologies. This report provides a detailed analysis of the global food grade guar gum market, projecting a market value exceeding $2.5 billion by 2028. This substantial growth is driven by increasing demand across diverse food and beverage applications, coupled with continuous innovation in product formulation and processing. The report delves into key market dynamics, competitive landscape, and future growth prospects, equipping stakeholders with actionable insights for strategic decision-making. Keywords: Food grade guar gum, guar gum market, food additive, hydrocolloid, thickening agent, stabilizer, emulsifier, bakery, confectionery, dairy, beverages, market analysis, market size, market share, market trends.

Brazil Food Gums Market is expected to grow during 2025-2031

Gain in-depth insights into Food Gums Market Report from Market Research Intellect, valued at USD 4.5 billion in 2024, and projected to grow to USD 6.8 billion by 2033 with a CAGR of 5.5% from 2026 to 2033.

Global Food Gums market size 2025 was XX Million. Food Gums Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global xanthan gum for food market, currently valued at $783 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 2.8% from 2025 to 2033. This growth is driven by several factors. The increasing demand for processed foods and convenience foods across the globe fuels the need for xanthan gum as a crucial stabilizer, thickener, and emulsifier. Furthermore, the rising consumer preference for healthier and more textured food products contributes to the market expansion. The food and beverage industry's ongoing innovation, leading to the development of novel food products incorporating xanthan gum, further propels market growth. Key players like Fufeng Group, Meihua Group, CP Kelco, and Cargill are strategically investing in research and development, expanding their production capacities, and exploring new applications to maintain their market share and capitalize on emerging opportunities. Competitive pricing strategies and strategic partnerships within the supply chain also contribute to the market's steady expansion. However, the market faces certain restraints. Fluctuations in raw material prices, primarily carbohydrates used in xanthan gum production, can impact profitability. Stringent regulatory guidelines and food safety standards necessitate adherence to strict quality control protocols, potentially increasing production costs. Moreover, the emergence of alternative thickening and stabilizing agents may pose a challenge to xanthan gum's market dominance. Nevertheless, the ongoing demand for functional food ingredients, coupled with the xanthan gum's versatility and effectiveness, is expected to mitigate these challenges and ensure continued market growth throughout the forecast period. The market segmentation, while not explicitly provided, can be logically inferred to include various food categories such as bakery, dairy, sauces and dressings, and beverages, each exhibiting unique growth trajectories based on specific consumer preferences and product innovation within those sectors.

The Xanthan Gum Market Report is Segmented by Form (Liquid and Dry), by Application (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Oil Refinery, and Other Applications), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Size and Forecasts for the Xanthan Gum Market are Provided in Value (USD) for all the Above Segments.

Food Grade Guar Gum Market Outlook

The global food grade guar gum market size is expected to grow substantially, with a current valuation of approximately USD 700 million in 2023, projected to reach USD 1.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3%. This growth can be attributed to the increasing demand for natural and organic food additives across various industries, including food & beverages, pharmaceuticals, and cosmetics.

One of the primary growth factors driving the food grade guar gum market is the rising health consciousness among consumers. As consumers become more aware of the potential side effects of synthetic additives, there is a significant shift towards natural alternatives. Guar gum, being a natural thickening agent, is increasingly being preferred in food products. This shift is further supported by various health benefits associated with guar gum, such as improved digestive health and its ability to help in weight management.

Another crucial factor is the expanding food and beverage industry. With the global population growing, there is a corresponding increase in the demand for processed and convenience foods. Guar gum is extensively used in these products due to its excellent thickening, stabilizing, and emulsifying properties. Additionally, the increasing trend of vegan and gluten-free diets has further boosted the demand for guar gum, as it is a plant-based, gluten-free ingredient that can be used in a variety of food products.

The pharmaceutical and nutraceutical sectors are also contributing significantly to the growth of the food grade guar gum market. Guar gum is used in various pharmaceutical formulations for its binding and disintegrating properties. Its role in the production of nutraceuticals, which are gaining popularity for their health benefits, is also noteworthy. The ability of guar gum to aid in the controlled release of drugs and improve the texture and stability of nutraceutical products makes it a valuable ingredient in these industries.

In addition to guar gum, another natural polysaccharide gaining attention in the food and pharmaceutical industries is Galactomannan Gum. This gum is derived from various plant sources and is known for its excellent thickening and stabilizing properties. Similar to guar gum, Galactomannan Gum is used to enhance the texture and consistency of food products, making it a valuable ingredient in the formulation of sauces, soups, and dairy products. Its natural origin and functional benefits align well with the growing consumer preference for clean-label and organic products. As the demand for natural food additives continues to rise, Galactomannan Gum is poised to play a significant role in the market, offering manufacturers an alternative to synthetic thickeners.

Regionally, North America is expected to hold a significant share of the food grade guar gum market, driven by the high demand for organic and natural food additives. The Asia Pacific region is also anticipated to witness substantial growth due to the increasing consumption of processed foods and the expansion of the pharmaceutical industry in countries like India and China. Europe and Latin America are also expected to contribute to market growth, supported by the rising awareness of the health benefits of guar gum and the growing use of natural ingredients in various applications.

Application Analysis

The food & beverages segment is expected to dominate the food grade guar gum market. This is due to the extensive use of guar gum in various food products such as dairy, bakery, meat, and frozen foods. Its excellent water-binding, thickening, and stabilizing properties make it an ideal ingredient for enhancing the texture and shelf life of these products. Additionally, the rising consumer demand for low-fat and low-calorie foods has increased the use of guar gum as a fat replacer in various formulations.

The pharmaceutical application of guar gum is also significant. Guar gum is used in the pharmaceutical industry for its binding, disintegrating, and controlled-release properties. It is used in tablet formulations to improve the consistency and stability of the final product. The growing demand for natural excipients in pharmaceutical formulations is expected to drive the growth of guar gum in this segment. Furthermore, guar gum's role in the development of nutraceuticals, aimed at providing health benefits beyond basic nutrition, is also

The global compound edible gum market is experiencing robust growth, driven by increasing demand from the food and beverage industry. The market's expansion is fueled by several key factors, including the rising popularity of processed foods, growing consumer preference for natural and clean-label ingredients, and the increasing use of compound edible gums as stabilizers, emulsifiers, and thickeners in various food applications. The projected Compound Annual Growth Rate (CAGR) suggests a significant market expansion over the forecast period (2025-2033). Major players like Cargill, DuPont, and CP Kelco are driving innovation and expanding their product portfolios to cater to evolving consumer preferences and industry needs. The market is segmented by type (e.g., gum arabic, xanthan gum, guar gum), application (e.g., confectionery, bakery, dairy), and geography. While precise market sizing data is unavailable, considering the CAGR and prominent players involved, a conservative estimate for 2025 market size is $5 billion USD, with a projection exceeding $7 billion USD by 2033. Market restraints include price fluctuations in raw materials, stringent regulatory requirements regarding food additives, and the potential for consumer resistance to certain gum types. However, continuous research and development efforts focused on producing sustainable and high-quality compound edible gums are mitigating these challenges. Furthermore, the emerging trend of incorporating functional ingredients in food products is creating new opportunities for the market. Regional variations in consumption patterns and regulatory frameworks contribute to diverse market dynamics across North America, Europe, Asia-Pacific, and other regions. The competitive landscape is characterized by both established multinational corporations and regional players, resulting in a dynamic market with ongoing innovation and consolidation. The future growth of the market hinges on sustained demand from the food industry, innovative product development, and adept adaptation to evolving consumer preferences and regulatory landscapes.

The global xanthan gum market for food applications is experiencing steady growth, projected to reach a value of $949 million in 2025. This represents a Compound Annual Growth Rate (CAGR) of 2.8% from 2019 to 2033. Several factors drive this expansion. The increasing demand for convenient and processed foods, particularly in developing economies, fuels the need for xanthan gum as a crucial stabilizer, thickener, and emulsifier. Its versatility across diverse food categories, including meat products, dairy, beverages, and bakery items, contributes significantly to market growth. Furthermore, the rising health consciousness among consumers is indirectly benefiting the market, as xanthan gum is a natural additive free from many allergens and potential health concerns associated with certain synthetic alternatives. However, price fluctuations in raw materials and potential competition from other similar food additives could pose challenges. The liquid form of xanthan gum currently holds a larger market share compared to the powder form due to its ease of use in various applications. Major players like CP Kelco, Cargill, and IFF are leveraging their extensive research and development efforts to innovate and expand their xanthan gum product lines to cater to the evolving needs of the food industry. The market segmentation shows strong growth across various geographic regions. North America and Europe currently hold significant market shares, driven by established food processing industries and high consumer spending. However, the Asia-Pacific region, particularly China and India, is anticipated to witness substantial growth in the coming years owing to rapid economic development and a rising middle class with increasing disposable income. This leads to greater demand for processed foods and subsequently, a higher demand for xanthan gum. Specific application segments like dairy products and beverages are expected to experience above-average growth rates due to the increasing popularity of functional foods and beverages that incorporate xanthan gum for enhanced texture and stability. The continued research into the functional properties of xanthan gum and its potential health benefits further supports the sustained growth of this market.

Check out Market Research Intellect's Food Grade Ester Gum Market Report, valued at USD 250 million in 2024, with a projected growth to USD 400 million by 2033 at a CAGR of 6.5% (2026-2033).

The Guar Gum Market Report is Segmented by Grade (Food Grade and Pharmaceutical Grade), by Application (Food and Beverages, Animal Feed and Pet Nutrition, Pharmaceuticals, and Cosmetics and Personal Care), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global guar gum market was valued at US$ 239.75 Million in 2024 and is set to reach US$ 429.36 Million by 2034 at a CAGR of about 6% from 2025 to 2034.

Compound Edible Gum Market Outlook

The global compound edible gum market size was valued at USD 2.5 billion in 2023 and is projected to reach USD 4.9 billion by 2032, growing at a CAGR of 7.5% during the forecast period. This significant growth factor can be attributed to the increasing demand for natural food additives and the expanding applications of edible gums across various industries. The rise in health consciousness among consumers and the growing trend towards natural and organic products are driving the market's expansion. Additionally, advancements in food processing technologies and innovative product formulations are further bolstering market growth.

The food and beverage sector is one of the primary drivers of the compound edible gum market. Edible gums are extensively used as stabilizers, thickeners, and emulsifiers in this industry. With the rising demand for convenience foods and beverages, manufacturers are increasingly incorporating edible gums to enhance texture, shelf life, and overall product quality. The growing popularity of plant-based and vegan products has also led to a surge in the use of natural edible gums, such as guar gum and xanthan gum, which are derived from plant sources and align with the preferences of health-conscious consumers.

The pharmaceutical industry represents another significant growth factor for the compound edible gum market. Edible gums are widely used in drug formulations as binding agents, disintegrants, and controlled-release agents. The ongoing development of new pharmaceutical products and the increasing demand for over-the-counter (OTC) medications are driving the need for high-quality edible gums. Furthermore, the rise in chronic diseases and the aging population are contributing to the growth of the pharmaceutical sector, thereby fueling the demand for compound edible gums.

Cosmetics and personal care represent an emerging application area for compound edible gums. These gums are used in various cosmetic formulations as thickening agents, stabilizers, and film-forming agents. The growing demand for natural and organic cosmetic products is driving the use of plant-derived edible gums, which are perceived as safer and more environmentally friendly alternatives to synthetic chemicals. The increasing focus on sustainable and cruelty-free beauty products is expected to further propel the demand for edible gums in the cosmetics industry.

Regionally, the Asia Pacific region is anticipated to witness the fastest growth in the compound edible gum market. The region's large population base, coupled with the increasing disposable income and changing dietary patterns, is driving the demand for processed and convenience foods. Countries such as China and India are key contributors to the market's growth, with their burgeoning food and beverage industries and expanding pharmaceutical sectors. Additionally, the growing popularity of traditional and herbal medicines in the region is boosting the demand for natural edible gums derived from local plant sources.

Product Type Analysis

The compound edible gum market is segmented into natural gum and synthetic gum based on product type. Natural gums, including guar gum, xanthan gum, and Arabic gum, are derived from plant sources and are widely used due to their versatility and health benefits. Natural gums are gaining popularity due to the growing consumer preference for clean-label and organic products. The demand for natural gums is particularly high in the food and beverage industry, where they are used as stabilizers, thickeners, and emulsifiers. The trend towards plant-based and vegan diets further fuels the demand for natural gums as they are considered safer and healthier alternatives.

Synthetic gums, on the other hand, are chemically manufactured and are often used in industrial applications where specific properties are required. These gums offer consistent quality and performance, making them suitable for various pharmaceutical and cosmetic formulations. However, the increasing scrutiny over synthetic additives and the rising trend towards natural products are challenging the growth of synthetic gums. Despite this, synthetic gums still hold a significant market share due to their cost-effectiveness and functional benefits in certain applications.

The natural gum segment is expected to grow at a faster rate during the forecast period, driven by the rising demand for natural and organic ingredients. The growing awareness about the health benefits of natural gums, such as their high fiber content and potential prebi

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	1.84(USD Billion)
MARKET SIZE 2024	1.9(USD Billion)
MARKET SIZE 2032	2.5(USD Billion)
SEGMENTS COVERED	Type ,Application ,Grade ,Distribution Channel ,Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Rising demand from food and beverage industries Growing health consciousness among consumers Technological advancements in gum production Increasing urbanization and disposable income Expanding applications in personal care and pharmaceuticals
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Ashland ,Kerry Group plc ,Lonza ,Archer Daniels Midland Company ,Ingredion Incorporated ,Cargill ,JRS Global Ingredients GmbH ,Tate & Lyle PLC ,CP Kelco ,Palsgaard ,TIC Gums ,Solvay ,DuPont ,FMC Corporation
MARKET FORECAST PERIOD	2024 - 2032
KEY MARKET OPPORTUNITIES	1 Rising demand in food amp beverages industry 2 Growing health consciousness among consumers 3 Increasing use in pharmaceuticals 4 Potential for biobased nonfunctional gums 5 Expanded applications in personal care amp cosmetics
COMPOUND ANNUAL GROWTH RATE (CAGR)	3.49% (2024 - 2032)