- The tara gum market is witnessing growing demand. This is attributed to the consumption of low calorie and low fat products. Tara gum is an important ingredient used in fat replacement systems and has managed to hold the attention of several food manufacturers.
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The factors responsible for the growth of the tara gum market are the rising prices of gaur gum and increased applications of tara gum in cosmetics, food, healthcare and others. However, the lesser and easy availability of synthetic gum is projected to restrain the market over the coming years.
The food producing sector is dominating the tara gum market. This is on account of various applications of tara gum in manufacturing, low calories food and low fat food. Additionally, tara gum finds its application in foods and beverages, including frozen dairy desserts, breads & bakery, flavored drinks, liquid milk, sauces, mixed foods and prepared dishes.
The tara gum market was dominated by Peru in North America in 2012. This is attributed to high availability of feedstock of tara gum and growing medical sector over the coming years. Asia Pacific is expected to register huge growth for the tara gum market over the coming years. This is due to increasing demand for naturally derived medicines and economic developments.
Also, increasing disposable incomes and rising demand for low calories food and low fat food are anticipated to propel the tara gum market further. Growing demand for tara gum in cosmetics and medicines is likely to create huge opportunities for key players in the tara gum market in the years ahead.
Information Source: Grand View Research
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