Considering the minimal or no side effects of natural ingredients, pharmaceutical companies are highly driven to use polymers sourced from natural products in drug formulations. Compared to synthetic elements that might negatively impact individuals, natural ingredients are non-toxic and chemically inert. All factors combined are spearheading tremendous growth across the global karaya gum market.
Karaya gum comprises non-allergic and anti-microbial properties. These gums are extremely biocompatible and find their application in the pharmaceutical sector. They are used in the formation of tablets, beads, hydrogels, and buccoadhesive drug delivery systems. Additionally, consumers are becoming more informed of the health benefits associated with the uptake of natural components, thus augmenting the utilisation of natural ingredients in pharmaceutical drugs.
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Food and Beverages Sector to Largely Aid Market Expansion
With effective binding capabilities, the karaya gum finds its application in the bakery and confectionery domain. In contrast to artificial or synthetic binders, it is naturally sourced and has no side effects on human health, making them safe for consumption. This factor is likely to sustain its demand over the upcoming years. Furthermore, karaya gum serves as an emulsifier and thickener when used in various food products. It facilitates swift dispersion of oil in water, averts precipitation, and stabilises the consistency of beverage products. Being highly stable in environments and comprising low pH levels, karaya gum plays a pivotal role in beverages. Karaya gum retains the texture and flavour of the original product and demonstrates low viscosity in liquids. These factors have incented food manufacturing companies to come up with novel products and explore more applications, assuring influential growth across the karaya gum market.
Emphasis on Clean Label Products to Influence Market Growth
The onset of the COVID-19 pandemic enabled consumers to be more cautious with the uptake of products, completely altering their consumption patterns. Awareness of ingredients used in products and the propensity to consume food based on natural ingredients have been on the rise. This has accelerated a shift toward clean-label products that promote health and wellness. Against this favourable backdrop, companies are highly inclined towards the utilising naturally sourced raw ingredients and food materials. Moreover, strict government norms have fueled the need for food to be processed under adequate conditions that involve sorting, cleaning, and product grading. Such aspects are anticipated to bolster growth across the global karaya gum market.
Asia Pacific Sustains Lead in Karaya Gum Sales with Significant End-use Applications
Asia Pacific holds a major share of the global karaya gum market, demonstrating higher growth prospects. China and India are predicted to be leading economies in the region with expansive use of end-use applications of natural products. The region is a centre of attraction for major companies in the cosmetics, food and beverages, and pharmaceutical domains. Being a binding agent and effective emulsifier, karaya gum is extensively used in food products, cosmetic lotions, and pharmaceutical items, mounting the sales of karaya gum in the region.
Distinguished Market Players
The few highly competitive players in the global karaya gum market include AEP Colloids, Alland Robert, Merck KGaA, ISC Gums, Nutriroma, Herbal World, Kapadia Gum Industries Pvt. Ltd., Simosis International, and Spectrum Chemical Manufacturing Corp.
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