FMI has announced Tara Gum Market 2015-2025: Asia Pacific Most Lucrative Region
Future Market Insights has announced the addition of the “Tara Gum Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
Caesalpinia spinosa usually known as Tara is a tiny leguminous tree in Peru. Tara gum is a natural additive procured by grinding the endosperm of the seeds of Caesalpinia spinosa. The tara gum is a white to yellowish powder which is soluble in hot water and moderately soluble in cold water. Chemically, tara gum is consist of polysaccharides, majorly galactomannans, of high molecular weight. The tara gum is approved as a food additive by the Food Chemicals Codex and functions majorly as a thickener and stabilizer. The tara gum is utilized as a thickening agent and stabilizer in the food industry, where it is sometimes referred to as Peruvian carob. The properties of tara gum are comparable to that of carob beans and guar gum, highly utilized in the different countries. Tara gum has significant demand in the food industry due to its usage in producing of low fat and low calorie foods. Tara gum is frequently utilized in blends. It can also be utilized in cheese, ice cream, sauces and dressings, bakery products, yogurt, desserts and baby food and ready soups. The global tara gum market is anticipated to grow at a significant pace in the next few years. Rising demand from bakery and confectionary to foster the growth.
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Global Tara Gum: Market Segmentation
The Global Tara Gum market is segmented on the basis of applications such as dairy, sauces and condiments which is further sub-divided into salad dressings, ketch-up and mayonnaise, bakery which is sub-segmented by cakes and pastries and processed fruit and vegetables. The tara gum is also segmented on the basis of food and beverage applications which includes liquid milks, water based flavored drinks, frozen desserts, mixed foods, prepared dishes, sauces and condiments. The tara gum market is also segmented by cosmetic industry.
Global Tara Gum Market: Growth Drivers
Increasing demand for low fat and low calorie food products are intensifying the demand of tara gum all across the globe. It has been noticed that, rising prices of guar gum is the major factor accountable for the growth of the global tara gum market as it has been accepted as a possible substitute of guar gum. Apart from this, rising demand of tara gum in food and beverage industry is anticipated to foster the demand of tara gum and will bolster the growth of global tara gum market. Higher demand for tara gum in baby food segment is also anticipated to intensify the global tara gum market in coming few years.
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Global Tara Gum Market: Regional Outlook
Geographically, the Global Tara Gum industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Latin America captured the major share in global tara gum market. This is majorly due to rising availability of raw materials and inclining tara gum demand in the pharmaceutical industry. Over the past few years, the tara gum has entered into Asia, Africa and Middle East. Asia Pacific market is anticipated to grow rapidly in tara gum in the next ten years. Inclining demand for low fat food products along with significant personal disposable income is anticipated to strengthen the demand of tara gum during the forecast period. Apart from this, increasing awareness for naturally derived food and cosmetic products especially in Middle East region are likely showcase substantial growth in the region during the next 10 years.
Global Tara Gum Market: Players
Some of the top vendors identified across the value chain of the global Tara Gum market include TIG corporation, Argos Peru SA, Molinos Asociados S.A.C., Gomas y Taninos, Priya International and KALYS. Gradually the companies have initiated to focus in developing economies due to higher potential factor. The companies are also focusing on formulation of various strategies in order to capture substantial market share in these regions.
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