Carob bean gum, also known as locust bean gum, is a hydrocolloid used in food as a thickener, stabilizer and emulsifier. Carob bean gum is the ground endosperm of the seeds of the carob tree.The Carob Bean Gum industry can be broken down into several segments, Food Grade, Petfood Grade, etc. Across the world, the major players cover DuPont, LBG Sicilia Ingredients, Carob, S. A., INCOM A. ., GA Torres, GKM CO., Industrial Farense, Carob Ingredient, Polygal AG, etc.
Carob Bean Gum Market contains market size and forecasts of Carob Bean Gum in global, including the following market information:
- Global Carob Bean Gum Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Carob Bean Gum Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Carob Bean Gum companies in 2021 (%)
The global Carob Bean Gum market was valued at 373.5 million in 2021 and is projected to reach US$ 309 million by 2028, at a CAGR of -2.7% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Food Grade Carob Bean Gum Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Carob Bean Gum include DuPont, LBG Sicilia Ingredients, Carob, S.A, Cargill, INCOM A., GKM Co., GA Torres, Polygal AG and Industrial Farense and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Carob Bean Gum manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Carob Bean Gum Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Carob Bean Gum Market Segment Percentages, by Type, 2021 (%)
- Food Grade Carob Bean Gum
- Petfood Grade Carob Bean Gum
Global Carob Bean Gum Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Carob Bean Gum Market Segment Percentages, by Application, 2021 (%)
- Bakery
- Meat & Seafood
- Sauce & Dressing
- Dairy & Frozen Desserts
- Petfood
- Others
Global Carob Bean Gum Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Carob Bean Gum Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Carob Bean Gum revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Carob Bean Gum revenues share in global market, 2021 (%)
- Key companies Carob Bean Gum sales in global market, 2017-2022 (Estimated), (MT)
- Key companies Carob Bean Gum sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- DuPont
- LBG Sicilia Ingredients
- Carob, S.A
- Cargill
- INCOM A.
- GKM Co.
- GA Torres
- Polygal AG
- Industrial Farense
- Carob Ingredient
Industry Market Size
