, October 11, 2017 ) This market is expected to have a high growth in the forecast period due to substantial demand from end-users like textiles, food and beverages based industries, paper and others.
Bean Gum market are food additives which are generally used in foods as thickening agents, texture modifiers, fat replicators, stabilizers and sizing agents so that demand of customers can be addressed. A few varieties like Locust Bean Gum is sometimes used as chocolate replacement since their taste is also very similar. They are used as fat replacers as they can move the fat in foods into water. They are added to cigarettes in order to enhance their taste.
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The North America market for Bean Gum is primarily driven by factors like changing eating trends, busy lifestyle low price, convenience in using them, rising demand for cholesterol free items by health conscious customers among others. This market is constrained by factors like imbalance between demand and supply due to shortage in resources and very low profits which also will affect its future supplies. These factors are going to hinder the growth of this market in the future.
The North America Bean Gum market
is segmented by type into Guar Gum, Locust Bean Gum, Gum Arabic, Tara Gum, Gellan Gum and other gum. By application this market is divided into fruit juices, soft drinks, bread and pastry, baby foods, confectionaries, ice creams and other foods. By end users, the market is divided into food and beverages, pharmaceuticals, paper, textiles, cosmetics and oil drilling fluids. By function they are segmented into stabilisation, texturing, coating, gelling and fat replacer. By end users food and beverages segment has the largest market share owing to their wide spread application in foods. It is followed by paper industry. However, the paper industry is losing its share as Bean Gum are being replaced by other materials. Textile industry is picking up its growth as they are using Bean Gum as sizing agents.
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The North America market for Bean Gum is geographically segmented into United States, Canada and Mexico. United States holds the largest market share in this region accounting to over 80 percent. The market is facing challenges in this region since the prices of Beam Gums is on the rise. Canada and Mexico dominate the market in Gelatin and Pectin.
Some of the major companies dominating the North America Bean Gum market are CP Kelco , Cargill Inc., Ashland Inc., Kerry Group , Hawkins Watts, DuPont, and Royal DSM.
Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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