According to Cognitive Market Research, the global Locust bean gum market size is USD 200 million in 2023 and will grow at a compound annual growth rate (CAGR) of 1.3% from 2023 to 2030.
The demand for Locust Bean Gum is rising due to gluten-free and allergen-free properties and thriving dairy, bakery, and confectionery industries.
Demand for powder locust bean gum remains higher in the Locust Bean Gum market.
The Powder held the highest Locust Bean Gum market revenue share in 2023.
Asia Pacific will continue to lead the market and will experience the strongest growth until 2030.
