The value of the Locust Bean Gum market is projected to grow to 1.2 with an estimated CAGR of 5.5% by 2030
Over the past few years, locust bean gum market is reaching new s and has been smartly replaced guar gum application in food & beverages which is anticipated to be the key driving factor for the future market growth. Meanwhile, LBG application is escalating in oil, pharmaceuticals & cosmetics, drilling fluids demand which project a positive impact growth over the forecast period. However the low price of the locust bean gum earns a less amount of profit across the globe.
Locust bean gum basically acts as a water carrying agent in dairy products, prevent the formation of ice crystals, frozen dairy food & sweet food to develop the taste. LBG supremely pays a contribution to improve water binding capacity & freezing/melting stability. In flour products it helps in controlling water absorbency of dough & improves the properties & quality of dough to prolong the aging time. Locust beam gum has a huge amount of applications in cosmetics as well as textile industry. Locust beam gum powder is of mainly two colors: white or light yellow powder.
Locust bean gum is majorly used for various functions such as replicators, gelling, coating, texturants, sizing agents, stabilizations, in several industries. Locus bean gum has applications in condiments & dressing, food & beverages products & sauces, bakery, confectionery, bakery, pharmaceuticals excipients, fiber adhesion, meat & meat products and more others.
Geographically, Europe region was one of the largest locust bean gum market in 2017 for locust bean gum, whereas U.K. holds the largest importer title followed by Germany, owing to strong demand for end-use industries present in these regions.
The global locust bean gum market trend is segmented into application and regional analysis. On the basis of applications in food & beverages the market is categorized by ice-cream, soft drinks, fruit juices, bread & pastry, confectionary, infant pudding & baby food, jams, meat & meat products. Based on the regional outlook the market is driven by IQF Fruits and Vegetable in North America, US & Canada, Latin America, Brazil, Argentina & Others. Furthermore, the market is widely range in Western Europe, EU5, Nordics, Benelux, Easter Europe, Asia Pacific, Australia and New Zealand, Greater China, India, ASEAN, Rest of Asia Pacific, Japan, Middle East and Africa, GCC Countries, Other Middle East, North America, South America, and Other Africa region.
Leading players of the global locust bean gum market include LBG Sicilia ingredients, Ceamsa, TIC Gums Incorporations, FMC Specialty Chemicals, Kerry Group, Cargill, G Arouzos & Son, Scalzo Food Industries, and CP Kelco and more others.
Locust Bean Gum Market Scope
|Regions Covered||North America, Europe, Asia Pacific, Rest of the World (RoW)|
|Key Players Profiled||LBG Sicilia ingredients, Ceamsa, TIC Gums Incorporations, FMC Specialty Chemicals, Kerry Group, Cargill, G Arouzos & Son, Scalzo Food Industries, and CP Kelco.|
Regional analysis for locust bean gum market includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa