Ghatti Gum Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
The global Ghatti Gum market was valued at approximately USD 90 million in 2022. This sector is projected to experience a robust growth trajectory with a compound annual growth rate (CAGR) of around 7.5% from 2023 to 2028. The increase in demand for natural and sustainable gelling agents in the food and beverage industry, along with the rising preference for plant-based ingredients, is driving this growth. Additionally, the application of Ghatti Gum in pharmaceuticals and cosmetics is contributing to its expanding market presence. The market size is expected to reach USD 135 million by 2028, reflecting a substantial upward trend.
Emerging market opportunities are particularly pronounced in regions such as Asia-Pacific, where industrialization and consumer shifts towards natural products are creating a fertile ground for Ghatti Gum. With an increasing focus on clean-label products and eco-friendly alternatives, there is a notable push towards sourcing and utilizing Ghatti Gum in various applications. The growth potential is further supported by advancements in extraction techniques and rising investments in research and development to enhance product quality and functionality. As these trends evolve, the market is poised to witness significant expansion and innovation.
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Kapadia Gum Industries Pvt. Ltd.
Herbal World
Krystal Colloids Pvt Ltd.
Nutriroma
Penta Manufacturing Company
Sigma-Aldrich
Panjiva
HPI Gums
ISC Europe
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Ghatti Gum Market
Beverages
Paper Manufacturing
Dairy & Frozen Dessert
Confectionery
Others
Based on Types the Market is categorized into Below types that held the largest Ghatti Gum market share In 2023.
Raw Material Block
Ready-to-use Powder
Global (United States, Global 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 Ghatti 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 Ghatti Gum Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ghatti Gum Market, By Type
6. Global Ghatti Gum Market, By Application
7. Global Ghatti Gum Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ghatti Gum Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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