Market Overview:
The global refined locust bean gum market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The food grade segment is expected to account for the majority share of the global refined locust bean gum market by 2030. The bakery application segment is anticipated to register highest CAGR during the forecast period. North America dominates the global refined locust bean gum market, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to witness highest growth rate over the forecast period owing to increasing demand from countries such as China and India.
Product Definition:
Refined Locust Bean Gum is a natural gum made from the sap of the carob tree. It is used as a thickener and stabilizer in food products.
Food Grade:
Food grade locust bean gum is a natural food additive used as an emulsifier in various foods and beverages. It has high viscosity, water holding capacity, gelling property, gel strength and foam control ability. Food grade LGBG is widely used in dairy products such as yogurts to improve their texture and consistency.
Petfood Grade:
Petfood grade is the product that has been processed and handled in a way that complies with the standards as set by various regulatory authorities across different countries. The pet food industry is regulated by laws and regulations laid down by several agencies such as U.S Food & Drug Administration (FDA), European Commission, etc., which establish parameters for labeling, processing, storage conditions, transportation conditions along with quality standards for finished products.
Application Insights:
Bakery was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Refined locust bean gum, when used in conjunction with other cereals, e.g., wheat and barley, provides enhanced nutritional value to the final product. It helps maintain viscosity of doughs during fermentation as well as improves texture of baked products by increasing their extensibility. Furthermore, it reduces bread crumb stickiness by controlling moisture content of bread crumbs caused due to its anti-adhesive properties. These factors are likely to drive demand for RLBG in bakery applications over the coming years.
The meat industry is anticipated to be one of the fastest growing segments owing to rising consumer preference for meat products that contain less filler ingredients.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand in countries, such as China and India. The growth can be attributed to rising population, changing food habits, and increasing disposable income of consumers.
Europe accounted for 24% share in 2017 owing to high consumer awareness regarding dietary requirements coupled with health benefits offered by Refined LGH Gum as an ingredient across various application industries including meat & seafood products; dairy; sauces & dressings; bakery products etc.
Growth Factors:
- Increasing demand for natural and healthy food additives: The global refined locust bean gum market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for natural and healthy food additives.
- Rising awareness about the benefits of refined locust bean gum: The growing awareness about the benefits of using refined locust bean gum is another key factor driving its growth. It helps in improving the texture, stability, and shelf life of food products while reducing their fat content.
- Growing popularity of processed foods: The increasing popularity of processed foods is also contributing to the growth of the global refined locust bean gum market as these products require better texturizing agents for an improved mouthfeel and longer shelf life.
- Technological advancements in refining processes: With technological advancements in refining processes, there has been a significant improvement in the quality and purity levels of refined locust bean gums available in the market, which is further propelling its demand among manufacturers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refined Locust Bean Gum Market Research Report
By Type
Food Grade, Petfood Grade
By Application
Bakery, Meat, Poultry & Seafood, Sauces & Dressings, Dairy & Frozen Desserts, Petfood, Others
By Companies
DuPont, LBG Sicilia Ingredients, Carob, S.A, INCOM A.Ş., TIC Gums, GA Torres, CP Kelco, CEAMSA, AEP Colloids, Gumix International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Refined Locust Bean Gum Market Report Segments:
The global Refined Locust Bean Gum market is segmented on the basis of:
Types
Food Grade, Petfood Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery, Meat, Poultry & Seafood, Sauces & Dressings, Dairy & Frozen Desserts, Petfood, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- LBG Sicilia Ingredients
- Carob, S.A
- INCOM A.Ş.
- TIC Gums
- GA Torres
- CP Kelco
- CEAMSA
- AEP Colloids
- Gumix International
Highlights of The Refined Locust Bean Gum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Petfood Grade
- By Application:
- Bakery
- Meat, Poultry & Seafood
- Sauces & Dressings
- Dairy & Frozen Desserts
- Petfood
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refined Locust Bean Gum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refined locust bean gum is a type of gum that is made from the dried legumes of the locust tree. It has a slightly sweet taste and is used in many foods and beverages, including chewing gums, ice cream, candy bars, and baked goods.
Some of the major companies in the refined locust bean gum market are DuPont, LBG Sicilia Ingredients, Carob, S.A, INCOM A.Åž., TIC Gums, GA Torres, CP Kelco, CEAMSA, AEP Colloids, Gumix International.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refined Locust Bean Gum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Refined Locust Bean Gum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refined Locust Bean Gum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Refined Locust Bean Gum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Refined Locust Bean Gum Market Size & Forecast, 2018-2028
4.5.1 Refined Locust Bean Gum Market Size and Y-o-Y Growth
4.5.2 Refined Locust Bean Gum Market Absolute $ Opportunity
Chapter 5 Global Refined Locust Bean Gum Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Refined Locust Bean Gum Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Petfood Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refined Locust Bean Gum Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Refined Locust Bean Gum Market Size Forecast by Applications
6.2.1 Bakery
6.2.2 Meat
6.2.3 Poultry & Seafood
6.2.4 Sauces & Dressings
6.2.5 Dairy & Frozen Desserts
6.2.6 Petfood
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refined Locust Bean Gum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refined Locust Bean Gum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Refined Locust Bean Gum Analysis and Forecast
9.1 Introduction
9.2 North America Refined Locust Bean Gum Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Refined Locust Bean Gum Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Petfood Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Refined Locust Bean Gum Market Size Forecast by Applications
9.10.1 Bakery
9.10.2 Meat
9.10.3 Poultry & Seafood
9.10.4 Sauces & Dressings
9.10.5 Dairy & Frozen Desserts
9.10.6 Petfood
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Refined Locust Bean Gum Analysis and Forecast
10.1 Introduction
10.2 Europe Refined Locust Bean Gum Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Refined Locust Bean Gum Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Petfood Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Refined Locust Bean Gum Market Size Forecast by Applications
10.10.1 Bakery
10.10.2 Meat
10.10.3 Poultry & Seafood
10.10.4 Sauces & Dressings
10.10.5 Dairy & Frozen Desserts
10.10.6 Petfood
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Refined Locust Bean Gum Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refined Locust Bean Gum Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Refined Locust Bean Gum Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Petfood Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Refined Locust Bean Gum Market Size Forecast by Applications
11.10.1 Bakery
11.10.2 Meat
11.10.3 Poultry & Seafood
11.10.4 Sauces & Dressings
11.10.5 Dairy & Frozen Desserts
11.10.6 Petfood
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Refined Locust Bean Gum Analysis and Forecast
12.1 Introduction
12.2 Latin America Refined Locust Bean Gum Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Refined Locust Bean Gum Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Petfood Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Refined Locust Bean Gum Market Size Forecast by Applications
12.10.1 Bakery
12.10.2 Meat
12.10.3 Poultry & Seafood
12.10.4 Sauces & Dressings
12.10.5 Dairy & Frozen Desserts
12.10.6 Petfood
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Refined Locust Bean Gum Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refined Locust Bean Gum Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Refined Locust Bean Gum Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Petfood Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Refined Locust Bean Gum Market Size Forecast by Applications
13.10.1 Bakery
13.10.2 Meat
13.10.3 Poultry & Seafood
13.10.4 Sauces & Dressings
13.10.5 Dairy & Frozen Desserts
13.10.6 Petfood
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refined Locust Bean Gum Market: Competitive Dashboard
14.2 Global Refined Locust Bean Gum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 LBG Sicilia Ingredients
14.3.3 Carob, S.A
14.3.4 INCOM A.Ş.
14.3.5 TIC Gums
14.3.6 GA Torres
14.3.7 CP Kelco
14.3.8 CEAMSA
14.3.9 AEP Colloids
14.3.10 Gumix International
