As per Future Market Insights, the Ester Gums market is anticipated to attain a value pool of US$ 700 Million by 2023-end. Global demand for Ester Gums is expected to rise at a CAGR of 7.9% to US$ 1500 Million in 2033.
Growing demand from the Pharmaceutical Industry to drive the Ester Gums Market
Growing demand for functional foods and nutraceuticals Presenting a Dollar Opportunity for the Ester Gums Market
Increasing demand for Plant-Based and Vegan Products is the latest trend driving the Ester Gums Market
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 700 Million |
| Projected Market Value in 2033 | US$ 1500 Million |
| Growth Rate (2023 to 2033) | 7.9% CAGR |
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According to the latest research, the demand for Ester Gums is anticipated to grow with a compelling growth rate of about 6.0% to 8.0% in between the coming assessment period of 2021-2031. Ester gums used in many applications like food, beverages, cosmetics, paints, inks and many others.
Ester Gums, also known as Glycerol Esters of Wood Rosin, is used in chewing gum and ice cream as a thickening agent and emulsification stabiliser. Fruit and citrus flavoured sodas, lemonades, chewing gum, fruit coatings, and confectionery inks all contain the glycerol ester of wood rosin.
Ester gum is an important additive in the food and beverage industry, and there is a growing need for it all over the world. The need for ester is ultimately driven by demand from fruit and energy drinks.
Another factor to drive the market growth is rising demand for ester gums from the food and beverage industries around the world. Furthermore, the increasing use of different types of ester gums as an emulsifier and stabilisers in different beverages such as energy drinks and also in end –use industries like paints and coatings, inks is a factor that is expected to fuel market growth in the near future.
Citrus fruit flavouring oils, such as those produced from lemons and oranges, do not mix well with carbonated water or natural fruit juices. Even after mixing, these extracted flavouring oils would just float on top of the beverage if put directly into carbonated water.
The ester gum is essential for perfectly blending the flavouring oils with carbonated water. The non-alcoholic beverage sector is being driven by a growing focus on health and wellness, which is projected to enhance the ester gum market in the coming years.
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One of the important segments for using the ester gums is in the field of paints & inks. Ester gums are a resin modification that can be utilised in adhesives, modifiers, and protective coatings where little odour is required.
Glycerol Esters of Wood Ester Gum Rosin is an emulsifier that thickens foods like chewing gum and ice cream. Ester gum is an odourless, yellow resin with homogeneous flakes that is utilised as a clouding agent in the beverage industry for aromatized, non-alcoholic beverages, as well as a raw material for chewing gum production.
Especially in citrus-flavoured soft drinks, ester gum is utilised as a natural alternative to brominated vegetable oil. Hence, food & beverage industry also plays a vital role to drive the market of ester gums.
One of the largest markets for ester gum is Asia-Pacific, with China accounting for the majority of regional sales. During the projected period, the region is also expected to have a strong growth rate.
The demand is being boosted by an increase in demand from several end-user industries, particularly the Paints, Inks, and Coatings and Cosmetics Markets. Chewing gum, beverages, as well as cosmetics and personal care goods, are in high demand in China. With expansion into second and third-tier markets, China's domestic cosmetics and personal care business has also showed an upward trend.
India is also a major market for ester gum demand in paints and adhesives manufacturing sector. The construction industry's strong growth in the country has been a primary driver of this expansion. Another driving factor for the ester gum market is the growing demand for environmentally friendly goods for cosmetic applications.
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Europe is one of the major market for the cosmetic industry. Europe is a potential market for new innovations and launches in the beauty and personal care market due to consumer behaviour toward maintaining a high quality of life.
Furthermore, the rising demand for natural ingredients and a growing consumer base concerned with raw-material composition, particularly in European regions, are viewed as opportunities for higher brand penetration by key players in the beauty and personal care products market. All these factors help to driven the market of ester gums in the forecast period.
The European functional beverage market is being fueled by the growing number of health-conscious consumers and their need for products containing health-based ingredients.
Some of the leading manufacturers and suppliers include
Significant growth of cosmetics industry and food & beverages industry in countries such as China and India drive the industrial sector market in the Asian-pacific region.
The Ester Gums report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Ester Gums Market
