Karaya gum is utilized in food & beverages ( includes dietary supplements, meat products, bakery, dairy & frozen desserts, and others), cosmetics as well as in pharmaceuticals like an adhesive and laxative and others. Chemically, karaya gum is a kind of acetylated polysaccharide complex that is obtained as a magnesium and calcium salt. The superiority of karaya gum relies upon the conscientiousness of impurity elimination.
Gum Karaya offers many usage and health benefits such as constipation, adhesive for dental implants, sore throat, high blood sugar (diabetes), plasma lipid levels, adhesive plasters, and wounds & bed sores. Karaya gum is broadly utilized in the personal care and pharmaceutical sector on account of its adhesive as well as excellent emulsion attributes. The cosmetic & pharmaceuticals sectors presently reflect the highest overall market share worldwide.
The global market for karaya gum is estimated to see restrained growth over the predicted period. The growth of karaya gum market in terms of revenue is mainly fuelled by growth in customer requirement for food with organic ingredients together with the constant consumption of karaya gum in the pharmaceutical industry.
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The global market is likely to increase at a 3.4% CAGR in value terms over the calculated period of 2017-2025. The overall market is projected to account for estimation of US$ 90.1 Million through 2025 end, as a result of the rising employment of karaya gum in drug preparations along with the food industry.
In terms of the form, the worldwide market is categorized into granules, lumps, and powder. Granules form is likely to hold 4.9% of the overall market revenue share towards the conclusion of 2025, up from a projected 5.3% market value share in 2017. This category will hang about the second majorly productive category in the worldwide market, trailed by the lumps category for the duration of the forecast.
By the end-use industries, the global market is categorized into pharmaceuticals, cosmetics, food & beverages( includes dietary supplements, meat products, bakery, dairy & frozen desserts, and others) and others. Of these, during 2017, the pharmaceutical category has directed the worldwide market and it will continue to lead the overall market for the duration of the forecast. This segment will be majorly attractive for the duration of the estimation. In terms of the region, Asia Pacific regional market is expected to emerge as a prominent region for karaya gum processors and manufacturers. The requirement for karaya gum is considerably rising in APAC countries, for example, India, Thailand, and China. Europe, on the other hand, is remarkably concentrating on employing natural gum along with other ingredients in personal care and cosmetics products moreover gum makers in this region are concentrating on extending their natural gum making amenities.
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The key market player operating in the worldwide market include Herbal World, AEP Colloids, Inc., Spectrum Chemical Manufacturing Corp, ANDINA INGREDIENTS LTD, ISC Gums, Simosis International, Sigma-Aldrich Corporation, Kapadia Gum Industries Pvt.Ltd., Neelkanth Finechem LLP, Nutriroma, Alland & Robert, and Others.