Tara Gum Market Size, Share, Growth, and Industry Analysis by Type (Conventional Tara Gum and Organic Tara Gum) by Application (Food & Beverages, Pharmaceuticals, Cosmetics and Others) and Regional Forecast to 2032

Updated On: 04 November 2024

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TARA GUM MARKETREPORT OVERVIEW

The global Tara Gum market size was USD 23 million in 2023. As per our research, the market is expected to reach USD 30.2 million by 2032, exhibiting a CAGR of 2.6% during the forecast period.

Tara Gum market is one of the most important components of its food and beverage industry since it is being increasingly used natural thickener, gelling as well as a stabilizing agent. Derived from the seeds of the Tara tree (Caesalpinia spinosa), Tara gum is employed widely in Dairy products, Sauces, Dressings and Gluten-free applications. Its advantage includes its natural source and it can be used to replace synthetic ingredients in a food product in order to give it a healthy perception. The market is growing especially in the areas where the clients are becoming more conscious of the health benefits of natural and organic foods. Furthermore, the rising consciousness of Tara gum usage as nutrient supplement that contains low calorie and is a fiber additive will also provide a stimulus to its consumption. Currently, manufacturers are in search of environmentally friendly and natural products, and thus the Tara Gum market is expected to grow in the years to come steadily.

COVID-19 Impact: Pandemic Negatively Impacted the Market, causing delays in Production and Disruptions in Supply Chain

The COVID-19 pandemic has been unprecedented and staggering, Tara gum market with experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The global supply chain was under pressure and there were problems of a lack of raw materials and the delivery of products was difficult.

The Tara gum market had much set back in the period under review due to the disruptions caused by the COVID-19 pandemic that affected the supply chains and demand patterns. Due to the impact of covid 19 on the foodservice industrial especially restaurants and cafes which most of them closed or operated at a restricted capacity; the requirement for Tara gum which is used in processed foods and beverages greatly reduced. Also, the existing challenges in the supply chain such as transportation and availability of labor to produce and supply Tara Gum were greatly affected. Ongoing economic changes that came with the pandemic reduced people’s spending on food items that are not necessities, which greatly slowed the market’s expansion. Also, the pandemic interfered with the agricultural industry, especially the producer of Tara seeds in Peru hence raw materials became scarce, and the prices fluctuating. These factors all worked together to make the environment around the Tara gum market growth extremely difficult during the pandemic and stop its growth trajectory.

LATEST TRENDS

"Rising Demand of Tara Gum Helps Market to Grow"

One latest trend that has been observed in the Tara gum market in the recent past years is the increasing global focus on clean label goods resulting from the growing amount of consumer learning and awareness. Tara gum fits perfectly into this trend because it is plant based non GMO and sustainable source which is derived from the seeds of Tara tree. Buyers are paying close attention to the labels they read and are moving towards, natural foods with no additives or preservatives. It has forced food manufacturing companies to adapt to production of food products that can meet the clean label requirements hence increasing the use of Tara gum in existing as well as new functional roles such as a natural thickening, stabilization and gelling agent in the food and beverages industry. With the increasing growth of the clean-label market around the world, the Tara gum market is expected to have strong growth in the future, because manufacturers have used Tara gum as a healthier and natural source of emulsifying agents..

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TARA GUM MARKET SEGMENTATION

By type

Depending on Tara gum market given are Conventional Tara Gum and Organic Tara Gum  

Conventional Tara Gum: processed from the Tara seeds that are grown using the ‘conventional methods farming which employs use of synthetic fertilizers and pesticides. This product is easily accessed and employed in numerous food uses, providing cheap gelling and stabilizing characteristics.

Organic Tara Gum: extracted from Tara seeds that are grown using no synthetic chemicals and therefore it is organic. It satisfies the demand of the consumer who looks for natural and chemical free food preservatives and is widely used in organic and clean label foods.

By Application

The market is divided into PV Food & Beverages, Pharmaceuticals, Cosmetics and Others.

PV Food & Beverages: Tara Gum is employed as a stabilizer, thickener and a gelling agent for the products like dairy, sauces and gluten free food items that helps in providing the structure or in other words the texture to the products.

Pharmaceuticals:  Tara Gum can be used in the pharmaceutical industry where it helps to act as a binder, a controller of the release of the active ingredients or even as a stabilizing agent in the development of formulations.

Cosmetics: Tara Gum is employed in cosmetics and personal care products because of its properties that append slipperiness of the texture and emulsifying action in creams, lotions and gels.

Others: Apart from the food industry, cosmetics and pharmacy, Tara gum has other uses in the industrial field including in the paper processing industry and pet food industry where it is also used as the stabilizer and thickener.

DRIVING FACTORS

"Rising Consumer Demand Drives the Market"

Consumers’ awareness of health and environment has been on the rise, and therefore natural and clean label ingredients are gaining higher demand. Tara Gum is another good example, as it is plant derived and does not undergo a lot of processing to get to the consumer. It brings about a natural alternative to synthetic additives, which is preferred by most consumers in their food and other products. This change in consumer consumption is putting pressure on the manufacturers to include Tara Gum in the production of many food and beverages hence increasing the market for Tara Gum.

"Rising Need for Food & Beverage Industry Drives the Market"

Tara gum has a lot of growth potential the global food and beverage industry especially in the more developed markets to activate its circulating juices. The dairy, sauces, and gluten-free products are examples of some of the products where it is used as thickener, stabilizer, and textures. Automotive industries, the expansion of modern retailers, and changes of the consumption have enlarged the market of functional ingredients such as Tara gum.

RESTRAINING FACTORS

"High Production Cost Restrain the Market Growth"

One restraining factor for the high Production cost, Tara gum production costs are relatively high and prices are fluctuating, which is one of the major reasons limiting the growth of the market. Tara Gum is extracted from read root and its cultivation and extraction is labor intensive and climatically specific which is grow around the Andean region of Peru being the largest producer. In addition, any alteration in Tara’s supply chain including weather conditions, or political events, the availability of Tara seeds in the market will be a problem and thus increased price changes. Moreover, the costs associated with passing through the certification processes for products that are organic and sustainable farming increases the production costs. These factors put manufacturers in a stressful situation, and they might reduce the market growth.

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TARA GUM MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, China, Latin America, South Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market due to Favorable Climate of the Region "

South America and specifically Peru is expected to be the most influential in the Tara gum market share. Due to the favorable climate of the region and the long traditions of agricultural production, Peru is a leader in the export high-quality Tara Gum. The region has an enhanced supply chain that will help in the growth of Tara and has expertise in the cultivation of the same. Besides, higher capital outlay in sustainable farming and processing facilities in South America is improving output and production capacity, and thus strengthening the region’s leadership. In this sense, South America gets a strategic role to play as global demand for Tara Gum is projected to rise in the coming years.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Key industrial players influencing the Tara gum market include Exandal Corp. – presently one of the world’s largest suppliers of Tara Gum, Exandal offers a vast line of products and guarantees high quality. Molinos Asociados is another substantial actor in the industry that deals in the manufacturing and export of Tara gum especially the organic one. The other industry participant is Ingredients Solutions Inc which also supplies hydrocolloids though specializing in supplying Tara gum. Unicorn Grain Specialties has established its reputation on both its investment in the sustainable and innovative ingredients, of which Tara gum is included. These companies are the ones which enhance market growth through product differentiation, increased product quality and carte sales network.

List of Market Players Profiled

• Exandal (U.S.)
• Molinos Asociados (Peru)
• Silvateam (Italy)
• TIC Gums (Ingredion)
• Polygal (U.S.)
• Ingredients Solutions (Ireland)
• Seppic (France)

INDUSTRIAL DEVELOPMENT

March 2023: Exandal Corp. stated its intentions of enlarging the company’s production in Peru with the aim of raising the production of Tara Gum. This development was targeted at satisfying the increasing demand of the global markets for natural and renewable products in the food and beverages sector. It involved improvement in the methods of processing technology for the production of Tara Gum with f higher standards of the clean label commodities. This act done by Exandal Corp is principal in the line of creating a firm foundation in the Tara Gum market as being one of the best suppliers.

REPORT COVERAGE

Tara gum market is ready  for steady boom, pushed by growing purchaser call for herbal and clean-label ingredients across the food, beverage, pharmaceutical, and cosmetic industries. As a versatile and plant-based totally hydrocolloid, Tara gum offers an appealing alternative to artificial additives, aligning with the global shift closer to more healthy and more sustainable products. However, challenges along with excessive production fees, charge volatility, and deliver chain disruptions, particularly in regions like Peru wherein Tara seeds are predominantly cultivated, might also restrain the marketplace's boom. Key industry gamers, which include Exandal Corp. And Molinos Asociados are actively expanding their manufacturing talents and investing in modern processing technology to meet growing call for. As the marketplace maintains to evolve, the focus on sustainability, fine, and nearby manufacturing could be important in shaping its future trajectory, making Tara gum an increasing number of significant aspect in numerous programs international.