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Tara Gum Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Report Description

Global Tara Gum Market: Overview

Caesalpinia spinosa, which is also known as Tara, is a leguminous tree that is widely found in Peru. Tara gum, which is derived from this tree, finds common usage as a natural food additive. The substance is procured by finely grinding to a powder the endosperm of Caesalpinia spinosa seeds. Thus, tara gum is a powder characterized by white to yellowish color and solubility in hot water. The powder is also soluble in cold water, but only moderately. Chemically, tara gum is composed of polysaccharides. The polysaccharides contained in tara gum have a high galactomannan content.

The use of tara gum is boosted by the fact that the Food Chemicals Codex has approved it as an additive for food products. In the food industry, tara gum is added to thicken and stabilize various products. In some regions, the tara gum is also commonly known as Peruvian carob. This is because certain properties of tara gum are close in nature to the properties displayed by carob beans as well as guar gum. Both of the latter are used extensively in various countries.

The demand for tara gum has risen rapidly over the years in the food industry, especially in low-fat and low-calorie beverages and foods. It has become a popular ingredient in blends as well. Besides these applications, the ingredient is also used in making ice cream, cheese, bakery products, sauces and dressings, desserts, yogurt, baby food, and ready soups. All of these varied uses of tara gum will are helping to make it an important ingredient in the F&B industry, which has grown at a significant pace in recent years. Growth will also be fostered by the increasing usage of tara gum in the bakery and confectionary sector.  

Global Tara Gum Market: Segmentation

The worldwide market for tara gum can be broadly segmented basis applications into the following segments: sauces and condiments (ketchup and mayonnaise, salad dressings, and bakery, which is further segmented into cakes and pastries), processed fruit and vegetables, and dairy. The global tara gum market is likewise segmented basis F&B applications to include the following segments: liquid milk, frozen desserts, water-based flavored drinks, prepared dishes, mixed foods, and sauces and condiments. The cosmetic industry is also an application segment of the tara gum market.

Global Tara Gum Market: Drivers and Opportunities

The heightened demand for low-cal and low-fat foods is helping intensify the demand for tara gum in every major national market. Another market dynamic that will work in favor of the global tara gum market is the rising guar gum prices, which has created a favorable environment for the global tara gum market. Tara gum has widely been accepted as a close substitute of guar gum. In addition to this factor, the briskly escalating demand for tara gum in the worldwide F&B industry will foster tara gum demand, thus bolstering this market’s growth over the forecast period. The demand from the baby food segment will also augur well for the growth of the global tara gum market.

Global Tara Gum Market: Regional Outlook

Geographically, the market can be segmented into: Japan, Asia-Pacific region, North America, Western and Eastern Europe, Latin America, Middle East and Africa. The report finds that Latin America accounted for the largest share in this market on account of the abundant availability of raw material required for producing tara gum. The use of tara gum has only recently gained momentum in Asia and the Middle East and Africa. It is expected to grow rapidly in the futurein APAC.

Key players identified in the global tara gum market are: Argos Peru  SA, TIG corporation, Gomas y Taninos, Molinos Asociados S.A.C., KALYS, and Priya International. These companies are shifting their focus on developing economies to capitalize on the higher opportunities here. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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