According to Cognitive Market Research, the global gum Arabic market will be worth USD 1000 million in 2023 and grow at a compound annual growth rate (CAGR) of 7.70% from 2023 to 2030.
The global gum Arabic market will expand at a 7.70% CAGR between 2023 and 2030.
The demand for gum Arabic is rising due to the increased demand in the food & beverage industry.
Demand for thickeners remains higher in the gum Arabic market.
The beverage products category held the highest gum Arabic market revenue share in 2023.
North America will continue to lead, whereas the European gum Arabic market will experience the strongest growth until 2030.
