Locust Bean Gum Market

Market Insights

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. Locust bean gum plays very crucial role in 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. The global locust bean gum is likely to witness moderate growth rate of slightly over 5.5% over the span of analysis period. The incremental market expected through the forecast period will be around USD 23 million.

Locust Bean Gum to Take Over Guar Gum in Host of Applications

Locust bean gum possess huge replacement potential over guar gum. Locust bean gum has shown similar properties than those of guar gum and poised to play important role as a thickening agent in textile, food additives and chemical industries. Guar gum and locust bean gum differs in their functionalities and properties, they are mainly employed as a thickening agent in food additives industry. Locust bean gum being cost effective as compared to guar gum, is increasingly being accepted by the Applications in most of the application.

Lack of Scalability of Its Production

Carob tree is major feedstock used in the manufacturing of locust bean gum. Carob tree find its origin in Mediterranean region. Morocco, Spain, Italy, Portugal, etc. are the major countries where Carob trees grows. Hence, production of locust bean gum has been highly concentrated in above mentioned countries. Morocco, Spain, Italy and Portugal control over 75% share of the total production in the world. As the raw materials are confined to Mediterranean region the production capacities can not be increased outside the region. This in turn resulted into major hurdle for the growth of this industry.

Food Industry 

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 due to evolving eating habits and a busy lifestyle is driving locust bean gum demand. Locust bean gum is growing in its popularity as a thickening agent owing to its stabilizing properties. As locust bean gum is obtained from the natural sources, the demand is likely to surge in the years to come. Moreover, the study on effects of locust bean gum on human health has proved that the intake of locust bean gum can potentially control cholesterol level. Consistent intake of around 10-to-30-gram locust bean gum for 7 to 8 weeks can effectively cholesterol level. However, locust bean gum also finds applications in other industries including textile, printing, coating, etc.

COVID 19 Had Severe Impact on Locust Bean Gum

COVID 19 impact on locust bean gum market was intensive. Spain, Portugal and Italy are the major regions for the production as well as consumption of locust bean gum and were severely affected by the outbreak of COVID 19 pandemic. Strict lock down and stringent restrictions on mobility caused significant drop in demand as well as production of locust bean gum. Locust Bean Gum market has witnessed drop in market size between 15 to 20%.

Rising Demand for Clean Label Ingredients to Keep Europe at the Forefront in Locust Bean Gum Industry

Locust Bean Gum market has been traditionally dominated by the strong demand from Europe. Increasing demand for natural and clean label food ingredients in Europe is a major growth driving factor for the dominance of Europe in this industry. UK is a net importer of locust bean gum followed by the Germany. Spain and Italy are leading consumption countries followed by France and Portugal.

Although growing in adoption, future growth path is tough for locust bean gum in Asia Pacific and North America due to lack of availability and limited production in the region. Moreover, guar gum and many other substitute products are available in those regions and hence demand is mainly confined to Europe region.

Rich Gold Locust Bean Gum to Lead the Product Type

Some of the major variants of locust bean gum available in the market include Rich Gold Type, Pale Gold Type, Copper Type and Rich Pale Gold Type. In 2020, Rich Gold Type held the highest share of the type segment and is likely to continue during the forecast period. Rich Gold Type is growing in its demand from the food industry owing to better functionalities offered by the variant.

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 Application, 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, 2019 & 2027 (Value %)

FIG. 10 Global Locust Bean Gum Market, by Copper, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Locust Bean Gum Market, by Pale Gold, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Locust Bean Gum Market, by Rich Pale Gold, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Locust Bean Gum Market, by Rich Gold, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Locust Bean Gum Market, by Type 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 Application, 2019 & 2027 (Value %)

FIG. 17 Global Locust Bean Gum Market, by Food, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Locust Bean Gum Market, by Plastic, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Locust Bean Gum Market, by Coating, Value, 2015-2027 (US$ Bn)

FIG. 20 Global Locust Bean Gum Market, by Printing, Value, 2015-2027 (US$ Bn)

FIG. 21 Global Locust Bean Gum Market, by Application 5, Value, 2015-2027 (US$ Bn)

FIG. 22 U.S. Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 23 Rest of North America Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 24 U.K. Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 25 Germany Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 26 France Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 27 Rest of Europe Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 28 Japan Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 29 China Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 30 India Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 31 Rest of Asia Pacific Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 32 Middle East & Africa Locust Bean Gum Market, 2015-2027 (US$ Bn)

FIG. 33 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, 2015-2027 (US$ Bn)

TABLE 3 Global Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 7 North America Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 10 Europe Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 16 Latin America Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 19 Middle East Locust Bean Gum Market, by Application, 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, 2015-2027 (US$ Bn)

TABLE 22 Africa Locust Bean Gum Market, by Application, 2015-2027 (US$ Bn)

TABLE 23 Africa Locust Bean Gum Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 DuPont Nutrition & Health: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Scalzo Food Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  TIC Gums Incorporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 G Araouzos & Son .: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 LBG Sicilia ingredients: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Gum Technology Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Ceamsa: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 CP Kelco: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Fiberstar Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 FMC Specialty Chemicals: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Kerry Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Cargill: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 36 Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments