Tara Gum Market Size was estimated at 111.05 (USD Billion) in 2022. The Tara Gum Market Industry is expected to grow from 115.66(USD Billion) in 2023 to 166.7 (USD Billion) by 2032. The Tara Gum Market CAGR (growth rate) is expected to be around 4.15% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Global Tara Gum Market exhibits significant growth prospects due to its functional properties, particularly as a thickener, stabilizer, and gelling agent. The market is anticipated to witness steady expansion in the upcoming years, driven by rising demand from the food and beverage, pharmaceutical, and personal care industries.Key market drivers include the increasing consumer preference for natural and plant-based ingredients, the growing popularity of clean-label products, and the expanding applications of tara gum in various industries. Additionally, the global population's growing concern for gut health and the search for natural alternatives to synthetic additives contribute to the market's growth.Opportunities in the tara gum market lie in the exploration of its potential in emerging applications, such as pet food, dietary supplements, and functional foods. The growing demand for sustainable and eco-friendly solutions also presents opportunities for market participants to invest in sustainable sourcing and production practices.
Rising demand for clean-label food and beverage products
Currently, tara gum is becoming more and more in demand as a natural hydrocolloid used to provide texture to food and beverages. This drift can be explained by the fact that consumers strive for clean-label products that tend to be healthier and more natural. Therefore, tara gum is highly demanded in clean-label products as it can function as a thickener, stabilizer, and emulsifier without involving any artificial substances. As it does not contain dangerous emulsifying additives, its affinity with other substitutes grows.Additionally, being a dietary fiber source, it assists in keeping the human gut healthy. In general, the rising need for clean-label food and drinks facilitates the growth of the global tara gum market. Tara gum is a low-cost item and that fact also contributes to its popularity in applications related to food and beverages. Presently, there are no alternative thickeners or other analogous substitutes that can be compared with it. The ingredients can be easily produced without involving sophisticated equipment or technology; in fact, all manufactured products meet the specifications required by the FCC or FAO.In line with these factors, the global tara gum market shows an upward trend. It is expected to experience an increase and reach a market size of $166.7 billion USD by 2032. The growth is predetermined by a number of aspects, both regional and overall, including the increased demand for clean-label food and drinks. It is also promoted by the higher involvement of tara gum in the applications of food and drinks and the currently spreading awareness of its health benefits.
Increasing use of Tara gum in food and beverage applications
Tara gum is the ingredient that is increasingly used in food and beverage applications such as sauces, dressings, soups, dairy, and bakery products due to its functional properties, allowing it to thicken, stabilize, and emulsify such products. As a result, the market for tara gum is expected to grow in the future due to its increasing use in food and beverage applications. Tara gum is a natural product derived from the seeds of the tara tree grown in South America.Being a natural thickener and stabilizer, tara gum has good functional properties that make it a valuable food and beverage ingredient. In addition, it is a good source of dietary fiber, ensuring the proper work of the intestines. According to Emergent Research’s information, the global tara gum market is expected to register a compound annual growth rate of 4.15% from 2023 to 2032 to reach a market size of USD 166.7 billion by 2032. The growth of this market is triggered by the increasing demand for clean-label food and beverage products, the increasing use of tara gum in food and beverage applications, and the increasing awareness about tara gum’s health benefits.The growing use of tara gum in the food and beverage industry is one of the major market drivers. This product is a versatile food ingredient that can be used in various applications. It possesses an appealing oil emulsification property. Thus, the functional properties of tara gum allow its incorporation into many food and beverage products. That is why this natural product is gaining traction and is expected to be used more in the future.
Growing awareness of the health benefits of Tara gum
The global tara gum market is poised for growth in the upcoming years due to the increasing recognition of this ingredient as a healthy substance. Tara gum is a good source of dietary fiber, which is beneficial for the human digestive system. Dietary fiber can reduce cholesterol levels and control blood sugar levels by slowing the process of food absorption in the intestines. Tara gum also furnishes prebiotic properties, meaning that the ingredient promotes the growth of beneficial bacteria in the gut.As reported by Research and Markets, the global tara gum market is expected to ascend at a CAGR of 4.15% from 2023 to 2032, causing the market to reach an entire value of USD 166.7 billion by 2032. A variety of factors drive the growth of the overall market, including the increasing demand for clean-label food and beverage products, the growth of tara gum usage in the food and beverage industry, and the increasing recognition of the health benefits of tara gum.One of the most influential drivers of the increase of the global tara gum market is the rising awareness of the health benefits of this substance. Since people are increasingly becoming informed about the advantages of tara gum, it is possible that they will start avoiding products that do not contain this ingredient. Users should note that the popularity of Tara gum is likely to increase in the coming years as users continue to discover its advantages.
Application The application segment of the global Tara Gum Market can be further classified into Food Beverages, Pharmaceuticals, Personal Care Cosmetics, Industrial, and Others. Among these, the Food Beverages segment dominated in 2023 and is likely to continue its dominance throughout the forecast period. The increasing appreciation of natural and healthier food ingredients, along with the rising inclination toward plant-based items, are major reasons for lifting the usage of Tara Gum in the Food Beverages segment. In Pharmaceuticals, Tara Gum has emerged as a significant application segment due to its stability and thickening properties.Tara Gum is being used in different types of pharmaceuticals such as tablets, capsules, and suspensions, and its demand in this sector is likely to increase with the rising prevalence of lifestyle-related and chronic diseases and the soaring requirement for personalized medicines. Personal Care Cosmetics is another application area where the use of Tara Gum is rising. Tara Gum is useful for skincare applications and could make the skin texture better, provide the hydration needed for a brighter appearance, and serve as a natural thickening agent in hair care items.The increasing recognition of the advantages of natural ingredients is bolstering the use of Tara Gum in this segment. In Industrial, Tara Gum is utilized in a number of applications, such as papermaking, textile printing, and adhesives. Tara Gum can help in controlling viscosity and provide stability and is a versatile raw ingredient for industries. The robust growth of this segment can be safely attributed to the rising demand for sustainable and environmentally safer products. The Others segment encompasses additional applications such as pet food, agriculture, and animal feed.Tara Gum is used as a gelling agent, stabilizer, thickener, and other types in these applications. The surging consumption of low-calorie nutrition and premium foods, escalating awareness around animal wellbeing, and the improving lifestyles of people are major factors fuelling the growth of Tara Gum in this segment. The application segment of the Global Tara Gum Market is likely to grow at an elevated pace during the forecast period, courtesy of increasing usage from end-user sectors and consumers’ rising preference for naturally derived and sustainable products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Global Tara Gum Market segmentation by Grade includes Pharmaceutical Grade, Food Grade, and Industrial Grade. The Food Grade segment accounted for the largest market share in 2023, and it is estimated to be around 55% of the Global Tara Gum Market revenue. The increase in the market share of the Food Grade segment is owing to the growing demand for tara gum as a thickening, stabilizing, and gelling agent in food products. The Pharmaceutical Grade segment is likely to witness rapid market growth over the forecast period, and this is due to the rising demand for tara gum in the production of pharmaceuticals such as tablets, capsules, and suspensions.The Industrial Grade segment is also expected to grow at a steady pace during the forecast period, thanks to increased applications of tara gum in industries such as paper, textiles, and adhesives.
Caesalpinia spinosa and Ceratonia siliqua are the two main sources of tara gum. Caesalpinia spinosa is a leguminous tree native to South America, while Ceratonia siliqua is a Mediterranean evergreen tree. Tara gum is extracted from the seeds of these trees. The increasing demand for tara gum in the food and beverage industry is driving the growth of the market. Tara gum is used as a thickening, gelling, and stabilizing agent in a wide range of food and beverage products. It is also used in the pharmaceutical industry as a binder and disintegrant in tablets and capsules.The growing demand for tara gum in these industries is expected to continue to drive the growth of the market in the coming years.
The Global Tara Gum Market is segmented based on form into powder, flakes, and granules. Among these, the powder segment accounted for the largest revenue share in 2023 and is projected to continue its dominance throughout the forecast period. The powder form of tara gum is highly preferred due to its ease of handling, storage, and transportation. It is commonly used in food and beverage applications as a thickening and stabilizing agent. The flakes and granules segments are also expected to witness steady growth over the coming years, driven by their increasing adoption in the pharmaceutical and cosmetic industries.The Global Tara Gum Market data indicates that the powder segment is expected to reach a valuation of around 100 billion USD by 2032, while the flakes and granules segments are projected to grow at a CAGR of 4.5% and 4.2%, respectively, during the same period.
The regional market segmentation of the Global Tara Gum Market offers valuable insights into the diverse market dynamics across different regions. North America holds a significant share of the market, driven by the presence of key manufacturers and the increasing demand for Tara Gum in food and beverage applications. Europe is another major regional market, with a growing demand for Tara Gum in the pharmaceutical and cosmetics industries. The APAC region is projected to witness substantial market growth in the coming years, owing to the rising demand for Tara Gum in food and beverage, as well as expanding applications in personal care and pharmaceuticals.South America and MEA are also emerging markets for Tara Gum, with increasing adoption in food and beverage, pharmaceuticals, and other applications. The Global Tara Gum Market revenue in 2023 is estimated at 115.66 billion USD, and it is projected to reach 166.7 billion USD by 2032, exhibiting a CAGR of 4.15% during the forecast period. This growth is attributed to the increasing demand for Tara Gum in various industries, including food and beverage, pharmaceuticals, and personal care.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major competitors in the field of Tara Gum Market industry are putting all efforts and resources into increasing their competitiveness through technological advancements and product innovations. The principal Tara Gum Market market players invest heavily in innovative R&D activities with the ultimate goal of introducing novel products in the market to meet the shifting market values of the end-users. The ongoing Tara Gum Market trend is the development and production of more eco-friendly products. The growing demand for such products is the erosion of the environmental impact of production. Moreover, it should be noted that nowadays, the number of partnerships between corporations that operate in the same industry is increasing to a great extent. They aim to utilize their knowledge and available resources to develop original solutions. The Tara Gum Market Competitive Landscape will be dynamic in the coming years.One of the most well-known companies in the Tara Gum Market industry is JRS, which is an enterprise based in Denmark. A company, in general, is an important global player as it has established an impressive distribution network that allows the organization to provide its clients with Tara Gums in any place on the globe. JRS offers customers a wide range of tara gum products, among which there are food, pharmaceutical, cosmetic, and industrial-grade tara gums. The company is also known for its emphasis on the quality of its products and production, which is proven by the fact that JRS International, as a production site, has received an ISO 9001 certification.The other important player in the Tara Gum Market industry is Nexira, which is based in France and is one of the Tara Gum Market global leaders as well. The organization’s good performance is supported by its numerous overseas locations which are implemented in more than 85 countries where more than 1,200 high-qualified workers are employed. Nexira is actively operating in the market, and it provides customers with a wide variety of Tara Gums, as they are applicable, for instance, to food, beverage, and personal care applications. The company pays significant attention to environmentalism, and it is certified by EcoVadis, which gives it the Gold status in assessing the corporation’s performance in environmental and social practices. The industry leaders in the Tara Gum Market industry deliver quality products and have well-developed distribution networks.
Key Companies in the Tara Gum Market Include
Tara Gum Market Industry Developments
The Tara Gum Market is poised to grow significantly over the next decade, driven by increasing demand from the food and beverage, pharmaceutical, and personal care industries. In 2023, the market was valued at USD 115.66 billion, and it is projected to reach USD 166.7 billion by 2032, exhibiting a CAGR of 4.15%.Recent developments in the market include the launch of new Tara gum-based products, such as biodegradable films and coatings, and the growing popularity of plant-based foods and beverages. Key players in the market are investing in research and development to expand their product portfolios and cater to the evolving needs of consumers.
| Report Attribute/Metric | Details |
| Market Size 2022 | 111.05 (USD Billion) |
| Market Size 2023 | 115.66 (USD Billion) |
| Market Size 2032 | 166.7 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.15% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Ceamsa S.A., Puricon Products, Gellan Gum International LLC, Hispanagar, Tate Lyle PLC, Hydrosol Kolloid GmbH, Adhunik Metaliks Limited, Ingredion Incorporated, Kimica Corporation, JRS Rettenmaier, Nexira, Vietnam Agar PP, E.I.D. Parry (India) Limited, Yaizu Suisankagaku Industry Co., Ltd., Palsgaard |
| Segments Covered | Application, Grade, Source, Form, Regional |
| Key Market Opportunities | 1 Growing demand from the food and beverage industry2 Increasing applications in pharmaceuticals3 Rising interest in natural and healthy ingredients4 Expanding use in personal care and cosmetics |
| Key Market Dynamics | Rising demand from food and beverage industries Growing awareness of health benefits Fluctuating raw material prices Technological advancements in extraction processes Increasing competition |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global Tara Gum Market is expected to reach a valuation of USD 166.7 Billion by 2032, exhibiting a CAGR of 4.15% from 2024 to 2032.
The Asia Pacific region is projected to account for the largest market share over the forecast period due to the rising demand for tara gum in various industries, particularly in the food and beverage sector.
Tara Gum is widely used in various applications, including food and beverage, pharmaceuticals, personal care, and industrial sectors. In the food and beverage industry, it is utilized as a thickener, stabilizer, and gelling agent.
Key players operating in the Global Tara Gum Market include Ingredion Incorporated, Nexira, TIC GUMS, and Cargill, Incorporated, among others.
The growing demand for natural ingredients, the rising health consciousness among consumers, and the increasing applications of tara gum in various industries are the primary factors driving the growth of the market.
The limited availability of raw materials, the presence of substitutes, and stringent regulatory requirements pose significant challenges to the growth of the market.
The Global Tara Gum Market is projected to grow at a CAGR of 4.15% during the forecast period from 2024 to 2032, owing to the increasing demand for natural and sustainable ingredients in various industries.
The food and beverage segment is anticipated to account for the dominant market share throughout the forecast period due to the extensive utilization of tara gum as a thickening, stabilizing, and gelling agent in food products.
The COVID-19 pandemic had a moderate impact on the Tara Gum Market. While the demand from the food and beverage industry remained steady, disruptions in supply chains and production schedules led to temporary market fluctuations.
The growing emphasis on clean-label ingredients, the increasing adoption of plant-based products, and the expansion of e-commerce channels are among the key trends expected to influence the future growth of the market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
