Locust Bean Gum Market: size, share, 2015 – 2020 detailed in new research report
Deerfield Beach, FL -- (SBWIRE) -- 10/20/2016 -- A vegetable gum derived from the carob tree seeds is a locust bean gum. This gum is also well known as carob gum. Generally, this gum is used for various food stuff as thickening or gelling agent, fat replicators, stabilizations, coating, texturants and sizing agents in various industries. Locust bean gum powder consists of galactose and mannose. This powder has sweet flavor similar to chocolate. Locust bean gum also contain the fat content of food products by dissolving in the water and acts as a fat replacer.
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Locust bean gum is available at low priced and hence swapping the application of guar gum in food and beverage industries. This is one of the important factors propelling the growth of the locust bean gum market. In addition, busy lifestyle and changing eating trends is accelerating the demand of convenience food items. Hence demand of locust bean gum is rising in food and beverage industry as a fat replicators and stabilizer. However, the low price of the locust bean gum earns very less profit worldwide.
Based on end-use industries, locust bean gum market can be segmented into food and beverages, textile, pharmaceuticals, paper, oil drilling fluids and cosmetics. Food and beverage industry emerged as the leading end-use segment for locust bean gum market. Food & beverage industry is expected to maintain its dominance over the forecast period. On the other hand, textile industry has been witnessing substantial growth owing to sturdy demand for locust bean gum as sizing agent.
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The report provides a comprehensive view on the locust bean gum. We have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the locust bean gum market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
The report provides a detailed view of the locust bean gum market based on end-uses. Regional segmentation includes the current and forecast demand of locust bean gum in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA) with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for locust bean gum based on individual devices in all the regions and countries.
In 2014, among the different regions Europe held the considerable share in terms of locust bean gum market. UK is the largest importer of locust bean gum and it is followed by Germany. Asia Pacific is second highest market owing to rising disposable income.
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Some of the major key players in the global locust been gum market are Cargill, Kerry group, Scalzo Food Industries, LBG Sicilia ingredients, G Araouzos & Son, Ceamsa, TIC Gums Incorporation, CP Kelco, Fiberstar Inc., FMC Specialty Chemicals, Gum Technology Corporation and E.I. DuPont De Nemours & Company.
This report segments the global locust bean gum market as follows:
Global Locust Bean Gum Market: End-use Segment Analysis
Food & beverages
Oil drilling fluids
Global Locust Bean Gum Market: Regional Segment Analysis
Middle East & Africa
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