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The ester gum market size is forecast to increase by USD 121.2 million at a CAGR of 4% between 2023 and 2028.
The ester gum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The chewing gum segment is estimated to witness significant growth during the forecast period.
The market holds significant potential in the functional foods and beverages sectors, particularly in the functional beverage market. Ester gum, also known as Penta Ester Gum or Polymerized Rosins, functions as a stabilizer, emulsifier, and modifier in various applications. In the non-alcoholic beverage industry, it is used as a density adjustment agent in carbonated water, fruit coatings, and sports drinks. Besides beverages, ester gum finds extensive use in lotions, gels, and personal care goods. Health-conscious consumers' increasing preference for plant-based products, vegan products, and natural ingredients has led to a rise in demand for ester gum as a sustainable sourcing alternative to animal-derived gum arabic.
The adhesives manufacturing sector and the construction sector also rely on ester gum for its binding properties. It is used in adhesives applications, aluminum paint mediums, and inks. In the food industry, ester gum is employed in the production of confectionery inks, tablets, and nitrocellulose lacquers. Ensuring quality and food safety is crucial in all applications, and ester gum's versatility and stability make it a preferred choice. The market's growth is driven by the increasing demand for functional foods, beverages, and personal care goods, as well as the expanding bio-based products market. Ester gum is used as a weighting agent in ice creams, lemonades, and other food products.
It also plays a role in the production of protective coatings, processing technology, and cosmetic applications. In the paints, inks, and coatings industry, it is used as a binder and solvent in toluene-acetone mixtures and synthetic ingredients. In summary, the market is experiencing steady growth due to its wide range of applications in various industries, including food and beverages, personal care goods, and the construction sector. Its versatility, stability, and sustainability make it a preferred choice for manufacturers seeking to meet the increasing demand for functional, natural, and plant-based products.
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The Chewing gum segment was valued at USD 142.00 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 29% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America holds a significant share in the global industry, with countries like Canada, Mexico, and the United States being major contributors. The growth can be attributed to the increasing demand for ester gum in various end-user industries, including paints and coatings, adhesives, and cosmetics. This trend is driven by health-conscious consumers' preference for functional foods and beverages, leading to the adoption of ester gum as a stabilizer, emulsifier, and density adjustment agent in these applications. Furthermore, the non-alcoholic beverage industry's expansion, particularly in the functional beverage market, fuels the demand for ester gum as a modifier in carbonated water, sports drinks, and fruit coatings.
Sustainable sourcing and the growing popularity of plant-based products also contribute to the market's growth. In the adhesives manufacturing sector, ester gum is used as a binder in various applications, including textiles, construction sector materials like PVC tiles, and rubber-based adhesives. Additionally, ester gum finds extensive use in personal care goods such as lotions, creams, and shampoos, as well as inks, coatings, and nitrocellulose lacquers. The market's growth is further supported by the increasing demand for vegan products and bio-based products in various industries. Food safety regulations and processing technology advancements also play a crucial role in driving the market's growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The ester gum market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ester gum market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, ester gum market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arakawa Chemical Industries Co. Ltd. - The company specializes in supplying ester gums, including AAV and HP, utilized in the production of hot melt adhesives and pressure sensitive adhesives. These gums contribute significantly to the adhesive industry, enhancing bonding capabilities and ensuring optimal performance.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of applications, primarily centered around the food and beverage industries, as well as personal care and industrial sectors. This versatile substance, often used as a functional ingredient, offers benefits such as stabilization, emulsification, and texture enhancement. Functional foods and beverages have gained significant traction in recent years, driven by health-conscious consumers seeking alternatives to traditional options. Ester gum plays a crucial role in this market, acting as a stabilizer and modifier in various applications. In the non-alcoholic beverage industry, ester gum is employed to improve the texture and mouthfeel of carbonated water, fruit coatings, and sports drinks.
Sustainability is a key trend in today's market, with consumers increasingly demanding plant-based and vegan products. Ester gum, derived from renewable resources, aligns well with this trend. It is used in various applications, including lotions, shampoos, and nutraceuticals, to enhance their performance and provide a more natural alternative to synthetic ingredients. The personal care goods sector also benefits from ester gum's properties. In lotions and creams, it functions as an emulsifier, ensuring a uniform mixture of water and oil-based components. Ester gum's use in cosmetics extends to protective coatings and ointments, where it enhances the product's texture and longevity.
The industrial sector, particularly the adhesives manufacturing sector, utilizes ester gum for its binding properties. It is used in various applications, including adhesives for PVC tiles, nitrocellulose lacquers, and inks. In the construction sector, ester gum is employed as a density adjustment agent in paints and coatings, ensuring consistent coverage and uniformity. Quality and food safety are paramount in the beverage industry, and ester gum's role as a stabilizer and texture enhancer makes it an essential ingredient. It is used in carbonated soft drinks, fruit coatings, and tablets, where it contributes to the overall quality and consistency of the final product.
In the confectionery industry, ester gum is used as a processing technology aid, improving the texture and mouthfeel of chewing gum and other confectionery products. It also functions as an odor control agent in fruit coatings, ensuring a pleasant taste experience for consumers. The ink industry benefits from ester gum's use as a binder and dispersant, enhancing the performance and stability of inks and coatings. In the paint industry, it is used as a plasticizer, improving the flow and leveling properties of paints and coatings. In the adhesives applications sector, ester gum's ability to act as a binder and plasticizer makes it an essential ingredient in rubber-based adhesives.
It is also used in the production of toluene-acetone mixtures, providing improved adhesion and cohesion. Ester gum's versatility extends to various applications in the industrial sector, including protective coatings, textiles, and weighting agents. It is used in the production of polymerized rosins, providing improved stability and performance. In the production of carbonated water, ester gum is used as a stabilizer, ensuring a consistent and high-quality final product. In , the market offers a wide range of applications across various industries, from food and beverage to personal care and industrial sectors. Its versatility, derived from its ability to act as a stabilizer, emulsifier, and texture enhancer, makes it an essential ingredient in numerous applications.
As consumer trends continue to shift towards plant-based and sustainable products, the demand for ester gum is expected to grow, making it an exciting and dynamic market to watch.
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Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
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Market growth 2024-2028 |
USD 121.2 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.79 |
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Key countries |
US, China, UK, India, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this ester gum market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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