Gum Fiber Market Growth rate, Opportunity, Industry Analysis to 2032

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Gum Fiber Market Size to Worth USD 2.5 Bn by 2032

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Overview of Animal Feed Yeast Market

• Gum Fiber Market is set to witness massive growth
  between 2023 and 2032, primarily attributing to
  the rapid expansion of the oil and gas sector in
  the Middle East and North America regions. For
  instance, Saudi Arabia Ministry of Finance
  claimed that its revenue from oil increased by
  75 in 2022.
• Overall, the gum fiber market has been segmented
  in terms of product, application, and region.
• On the basis of product, the gum fiber market is
  likely to be characterized by the locust bean gum
  segment, which will grow at more than 7.5 CAGR
  throughout 2023-2032. Since locust bean gums are
  used as a thickener in a range of food products,
  and by pharmaceutical companies to produce
  injectable systems and gels, their demand will
  increase with the rapid expansion of the pharma
  industry and food manufacturing units. Besides,
  they are also used as a sizing agent in the
  textile industry.

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• In the context of the application, the market
  will be driven by the food segment which
  comprises frozen food, confectionery, beverages,
  and dairy. Since gum fibers (especially guar
  gums) are widely used in the food manufacturing
  industry, owing to their applicability as
  thickeners, emulsifiers, and stabilizers, these
  are increasingly adapted in the food
  manufacturing industry. Besides, favorable
  government initiatives regarding the recognition
  of gum fibers will also influence the market
  expansion. For instance, in January 2022, it was
  reported that the FDA plans to recognize gum
  Arabic as a dietary fiber, based on its
  nutritional composition.
• In the regional context, the Europe gum fiber
  market will grow at 7.5 CAGR over 2023-2032. The
  regional market growth can be attributed to the
  increasing adaptation of gum fibers by cosmetics
  manufacturing firms for the production of creams,
  toothpaste, and lotions. The growing product
  deployment can be credited to its certain
  thickening properties. Besides, the concept of
  dental hygiene is also rising among the general
  populace of Europe, which will foster the demand
  for products like toothpaste, which in turn will
  fuel the market demand for gum fibers.

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• In addition, low-calorie and low-fat food items
  are becoming increasingly popular in Europe. It
  has also been proven that guar gum reduces
  cholesterol, controls diabetes, and maintains
  bowel movement. Such medicinal properties
  associated with gum fibers will also drive the
  market during the next decade.
• Notable participants in the Animal Feed Yeast
  market include Neelkanth Polymers, Nutriroma,
  Cargill, Inc., DuPont de Nemours, Inc, Ingredion
  Incorporated, Shree Ram Industries, Dabur India
  Ltd., VIKAS WSP LIMITED, Supreme Gums Private
  Limited, Lucid Colloids Ltd., ABDULLABHAI ABDUL
  KADER (VATVA GIDC), BASF SE, Arshland, AEP
  Colliods, and Nexira, Inc.

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