Dammar Gum Market size was valued at USD 120 Million in 2024 and is forecasted to grow at a CAGR of 6% from 2026 to 2033, reaching USD 200 Million by 2033.
In 2022, the global dammar gum market was valued at approximately USD 520.6 million, with projections indicating growth to USD 638.9 million by 2029, reflecting a compound annual growth rate (CAGR) of 3.00% during the forecast period. Asia Pacific emerged as the dominant region, accounting for over 60% of the global market share. This prominence is primarily due to extensive use in traditional medicine and the food industry, particularly in countries like India and Indonesia, which are major producers and exporters of dammar gum. In India, for instance, around 60% of dammar gum consumption is attributed to the incense industry. North America also holds a significant share, with the United States leading due to high demand in the food industry for natural stabilizers and in varnishes for oil paintings. Europes market is driven by applications in coatings, varnishes, and the incense sector, with countries like the U.K., Germany, France, and Spain contributing notably. Latin America and the Middle East & Africa regions are emerging markets, with Brazil, Argentina, and GCC countries showing increasing utilization of dammar gum in various industries. Overall, the global dammar gum market is poised for steady growth across all regions, influenced by regional industrial and consumer trends.
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Willy Benecke
Sennelier
Bandish Enterprises
Nexira Inc
Starlight
PT Samiraschem Indonesia
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dammar Gum Market
Food and Beverage Industry
Cosmetics and Personal Care
Pharmaceuticals
Adhesives and Sealants
Incense and Aromatherapy
Food Grade Dammar Gum
COSMETIC Grade Dammar Gum
Industrial Grade Dammar Gum
Natural Dammar Gum
Synthetic Dammar Gum
Powdered Dammar Gum
Granulated Dammar Gum
Liquid Dammar Gum
Manufacturers
Retailers
Distributors
Consumers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dammar Gum Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dammar Gum Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dammar Gum Market, By Type
6. Global Dammar Gum Market, By Application
7. Global Dammar Gum Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Dammar Gum Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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