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The Ester Gum market is projected to grow by USD 127.14 million with a CAGR of 4.17% during the forecast period 2021 to 2026.
This ester gum market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the ester gum market segmentation by application (chewing gum, beverages, paints, cosmetics, and others), product (polymerized rosins of glycerol ester (PRGE), glycerol esters of wood rosin (GEWR), glycerol esters of gum rosins (GEGR), Penta ester gum, and maleic adduct of gum rosin), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The ester gum market report also offers information on several market vendors, including Arakawa Chemical Industries Co. Ltd., Cardinal Chemicals Pvt. Ltd., Eastman Chemical Co., Foshan Baolin Chemical Industry Co. Ltd, Jubilant Bhartia Group, Les Derives Resiniques Et Terpeniques, Mahendra Rosin and Turpentine Pvt. Ltd., Mangalam Organics Ltd., MPD INDUSTRIES PVT LTD, PT INDOPICRI, Shanghai Bichain Industrial Chemical Co. Ltd., Symrise AG, Uniform Synthetics Pvt Ltd., Zhejiang Xinsong Resin Co. Ltd., Foreverest Resources Ltd., Pinova Inc., POLIMEROS SINTETICOS, and Sood Paper and Allied Chemicals among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Ester Gum Market Driver
Increasing demand from the food and beverage industry is one of the key factors driving the ester gum market growth. Rosin glycerol esters are used as weighting agents in beverages that contain citrus. Such beverages include carbonated soft drinks and sports drinks. Esters that are commonly used in these applications include glycerol ester of gum rosin and glycerol ester of wood rosin. Moreover, the growing emphasis on health and wellness, combined with the ability to provide a base for differentiation, is driving the growth of the demand for ester gum in the non-alcoholic beverage industry globally.
Key Ester Gum Market Trend
Increasing demand for organic gums is one of the key ester gum market trends fueling the market growth. The popularity of organic foods is increasing among consumers because they have started to place more value on healthy, natural, authentic, and safe food products. Many consumers today look for the origin and quality of ingredients on product labeling. Hence, they perceive organic foods to be healthier and more nutritious. It is expected that with the growing trend of consuming organic foods, more players will come up with their own organic gum product lines globally. Such factors will fuel the market growth during the forecast period.
Key Ester Gum Market Challenge
Stringent environmental regulations are one of the key factors challenging the ester gum's market growth. There are various stringent regulations imposed by regulatory authorities on the use of adhesives that are high in VOCs. For instance, the European Framework Regulation 1935/2004 states that food contact materials may not threaten human health or bring about changes in the composition, smell, or taste of food. Also, food contact materials should be manufactured according to good manufacturing practices (GMPs) as regulated by European Commission (EC) 2023/2006. These factors will pose a challenge for market growth in the near future.
This ester gum market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ester gum market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ester gum market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ester gum market encompasses successful business strategies deployed by the key vendors. The ester gum market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the ester gum market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the ester gum market in North America. Market growth in this region will be slower than the growth of the market in APAC.
The rising demand for ester gum from end-user industries such as paints and coatings, adhesives, and cosmetics will facilitate the ester gum market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, the lifting of COVID-19-induced restrictions on exports and imports, the distribution of COVID-19 vaccines on a large scale, and economic recovery are anticipated to spur the sales of ester gum, which, in turn, is expected to fuel the growth of the regional market during the forecast period.
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The ester gum market share growth in the chewing gum segment will be significant during the forecast period. The introduction of functional chewing gum varieties and all-natural chewing gum products is driving the growth of the chewing gum segment. This is because consumers are seeking nutritional and oral health benefits from these products. Such factors are expected to fuel the growth of the chewing gum segment of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ester gum market size and actionable market insights on the post-COVID-19 impact on each segment.
Ester Gum Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.17% |
Market growth 2022-2026 |
$127.14 million |
Market structure |
Fragmented |
YoY growth (%) |
3.93 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, India, Japan, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Arakawa Chemical Industries Co. Ltd., Cardinal Chemicals Pvt. Ltd., Eastman Chemical Co., Foshan Baolin Chemical Industry Co. Ltd, Jubilant Bhartia Group, Les Derives Resiniques Et Terpeniques, Mahendra Rosin and Turpentine Pvt. Ltd., Mangalam Organics Ltd., MPD INDUSTRIES PVT LTD, PT INDOPICRI, Shanghai Bichain Industrial Chemical Co. Ltd., Symrise AG, Uniform Synthetics Pvt Ltd., Zhejiang Xinsong Resin Co. Ltd., Foreverest Resources Ltd., Pinova Inc., POLIMEROS SINTETICOS, and Sood Paper & Allied Chemicals |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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