The market for locust bean gum is expected to be valued USD 261 million in 2022 and grow at a compound annual growth rate of -1.5% to reach a readjusted size of USD 238.8 million by 2028.
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"The Global Locust Bean Gum Market 2018-2028 (USD Million)")
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
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 238.8 million |
| Growth Rate | CAGR of 1.5 % during 2018-2028 |
| Segment Covered | By Type, By Application,Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| 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
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
Frequently Asked Questions (FAQ) :
The major players are LBG Sicilia ingredients, Ceamsa, TIC Gums Incorporations, FMC Specialty Chemicals, Kerry Group, Cargill, G Arouzos & Son, Scalzo Food Industries, and CP Kelco.
To get latest version of locust bean gum market report can be obtained on demand from the website.
The base year for the report is 2023 in locust bean gum market.