Locust Bean Gum Market by Type (Copper Type, Pale Gold Type, Rich Pale Gold Type, Rich Gold Type) By Application (Printing Industry, Coating Industry, Plastic Industry): Growth, Future Prospects, and Competitive Analysis, 2015 - 2027

Market Insights

The locust bean gum market is projected to have a market value of USD 40 million in 2027 from USD 17 million in 2020. It is likely to grow at a CAGR of over 5.6% during the forthcoming years.

In dairy products, locust bean gum play as a water carrying agent, preventing the development of frozen dairy food, ice crystals, and sweet food to cultivate the taste. LBG makes a significant contribution to improving water binding capability as well as freezing and melting stability. It aids in the management of dough water absorbency and increases the properties and consistency of dough to extend the ageing period in flour products. Locust beam gum has a wide range of uses in the cosmetics and clothing industries. The most common color found in powder is white or light yellow. Credence Research is offering report titled as “Global Locust Bean Gum Market” which will cover accurate and in-depth insights.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of Locust Bean Gum will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.

Acting as Substitute to Guar Gum

Because of its low cost, locust bean gum is replacing guar gum in the food and beverage industries. This is expected to be a major factor in the global locust bean gum market's growth. Furthermore, rising demand for snack foods is driving locust bean gum demand. Because of its growing use as a thickener and gelling agent, locust bean gum is becoming more common as a result of evolving eating habits and a busy lifestyle.

Europe to Dominate the global Locust Bean Gum market

The global Locust Bean Gum market covers the six regions with all major economies pertaining to it. The global Locust Bean Gum market report from Credence Research offers a detailed insight on key regional markets. Because of high demand for end-use industries in these areas, Europe was one of the largest locust bean gum markets in 2020. The United Kingdom was the largest importer, followed by Germany.

Rich Gold Type segment is leading Global Locust Bean Gum Market

Rich Gold Type, Pale Gold Type, Copper Type and Rich Pale Gold Type are the key types of Locust Bean Gum. In 2020, Rich Gold Type held the highest share of the type segment and is likely to continue during the forecast period.

Plastic Industry ruled the global Locust Bean Gum market in terms of application

Coating Industry, Printing Industry and Plastic Industry are some of the main applications of Locust Bean Gum market. Plastic industry ruled the market in 2020 by acquiring largest share.

Frequently asked questions about global Locust Bean Gum industry

• Which are the key types of Locust Bean Gum?
  Ans: Copper Type, Pale Gold Type, Rich Pale Gold Type and Rich Gold Type are the types of Locust Bean Gum.
• What are the different applications of Locust Bean Gum?
  Ans: Printing Industry, Coating Industry and Plastic Industry are different applications of Locust Bean Gum.
• Who are the key players in the global Locust Bean Gum industry?
  Ans: Scalzo Food Industries, TIC Gums Incorporation, Gum Technology Corporation, Ceamsa, Kerry Group, CP Kelco, G Araouzos & Son, Fiberstar Inc., FMC Specialty Chemicals, LBG Sicilia ingredients, and Cargill are the key players operating in this market
• Which is the fastest growing application segment for global Locust Bean Gum industry?
  Ans: Plastic Industry application offers tremendous opportunities to players
• Which is the leading regional market for global locust bean gum industry?
  Ans: Europe has the largest share of the market
• What will be the CAGR (2021 - 2027) of in global industry?
  Ans: The market is anticipated to grow at a CAGR of 5.6% throughout the forecast period

Table of Content

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Locust Bean Gum Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Locust Bean Gum Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Locust Bean Gum Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Copper Type
6.2.3.Pale Gold Type
6.2.4.Rich Pale Gold Type
6.2.5.Rich Gold Type
6.3.North America Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Plastic Industry
6.3.3.Coating Industry
6.3.4.Printing Industry

7.Europe

7.1.Europe Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Copper Type
7.2.3.Pale Gold Type
7.2.4.Rich Pale Gold Type
7.2.5.Rich Gold Type
7.3.Europe Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Plastic Industry
7.3.3.Coating Industry
7.3.4.Printing Industry

8.Asia Pacific

8.1.Asia Pacific Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Copper Type
8.2.3.Pale Gold Type
8.2.4.Rich Pale Gold Type
8.2.5.Rich Gold Type
8.3.Asia Pacific Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Plastic Industry
8.3.3.Coating Industry
8.3.4.Printing Industry

9.Latin America

9.1.Latin America Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Copper Type
9.2.3.Pale Gold Type
9.2.4.Rich Pale Gold Type
9.2.5.Rich Gold Type
9.3.Latin America Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Plastic Industry
9.3.3.Coating Industry
9.3.4.Printing Industry

10.Middle East

10.1.Middle East Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Copper Type
10.2.3.Pale Gold Type
10.2.4.Rich Pale Gold Type
10.2.5.Rich Gold Type
10.3.Middle East Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Plastic Industry
10.3.3.Coating Industry
10.3.4.Printing Industry

11.Africa

11.1.Africa Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Copper Type
11.2.3.Pale Gold Type
11.2.4.Rich Pale Gold Type
11.2.5.Rich Gold Type
11.3.Africa Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Plastic Industry
11.3.3.Coating Industry
11.3.4.Printing Industry

12.Global

12.1.Global Locust Bean Gum Market, By Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Copper Type
12.1.3.Pale Gold Type
12.1.4.Rich Pale Gold Type
12.1.5.Rich Gold Type
12.2.Global Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Plastic Industry
12.2.3.Coating Industry
12.2.4.Printing Industry

13.Company Profiles

13.1.Scalzo Food Industries
13.2.TIC Gums Incorporation
13.3.G Araouzos & Son
13.4.LBG Sicilia ingredients
13.5.Gum Technology Corporation
13.6.Ceamsa
13.7.CP Kelco, Fiberstar Inc.
13.8.FMC Specialty Chemicals
13.9.Kerry Group
13.10.Cargill

List of Figures

FIG. 1 Global Locust Bean Gum Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Locust Bean Gum Market Segmentation
FIG. 4 Global Locust Bean Gum Market, by Product, 2019 (US$ Bn)
FIG. 5 Global Locust Bean Gum Market, by End-user, 2019 (US$ Bn)
FIG. 6 Global Locust Bean Gum Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Locust Bean Gum Market Manufacturers, 2019
FIG. 9 Global Locust Bean Gum Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)
FIG. 10 Global Locust Bean Gum Market, by Metal 1, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Locust Bean Gum Market, by Metal 2, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Locust Bean Gum Market, by Metal 3, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Locust Bean Gum Market, by Metal 4, Value, 2015-2027 (US$ Bn)
FIG. 14 Global Locust Bean Gum Market, by Metal 5, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Locust Bean Gum Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Locust Bean Gum Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 17 Global Locust Bean Gum Market, by Process 1, Value, 2015-2027 (US$ Bn)
FIG. 18 Global Locust Bean Gum Market, by Process 2, Value, 2015-2027 (US$ Bn)
FIG. 19 Global Locust Bean Gum Market, by Process 3, Value, 2015-2027 (US$ Bn)
FIG. 20 U.S. Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 21 Rest of North America Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 22 U.K. Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 23 Germany Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 24 France Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 25 Rest of Europe Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 26 Japan Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 27 China Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 28 India Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 29 Rest of Asia Pacific Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 30 Middle East & Africa Locust Bean Gum Market, 2015-2027 (US$ Bn)
FIG. 31 Latin America Locust Bean Gum Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Locust Bean Gum Market
TABLE 2 Global Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 3 Global Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 4 Global Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)
TABLE 5 Global Locust Bean Gum Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6 North America Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 7 North America Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 8 North America Locust Bean Gum Market, by Country, 2015-2027 (US$ Bn)
TABLE 9 Europe Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 10 Europe Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 11 Europe Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 12 Asia Pacific Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 13 Asia Pacific Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 14 Asia Pacific Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 15 Latin America Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 16 Latin America Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 17 Latin America Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18 Middle East Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 19 Middle East Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 20 Middle East Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 21 Africa Locust Bean Gum Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 22 Africa Locust Bean Gum Market, by Type, 2015-2027 (US$ Bn)
TABLE 23 Africa Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26  Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29  Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments