Ghatti Gum Market: Overview
Gum Ghatti is obtained from the dried exudates of a tree found mainly in India and Srilanka called as Anogeissus Latifola. The exudates from the tree are processed in a way that the gums with barks are fed to processing machines where barks are detached from gum. The finer crushed particles are then screened and removed . Then gum is now hand-sorted into various grades according to color and amount of impurity. During the process of particle breakdown, impurities are removed from gum while working on spray so as to dry the soluble friction to obtain powdered gum Ghatti.
Ghatti Gum Market: Drivers & Restraints
The major factors driving the growth of the Ghatti Gum Market is its usage as a flavoring fixative in specific applicants. The major factor driving the market is its use as an emulsifier and stabilizer in beverages and butter containing table syrups. The market also attracts the consumers by the product's capability to improve resistance to water damage. The product is high in demand due to its ability to make a colloidal solution in hot and cold water.
The limitation of the market is the seasonal production capacity of gum ghatti.
The market is expected to grow during the forecasted years due to its usage in a large number of applications and improved technology used for the production process. There are basically three grades of Ghatti gum available which are exported to various countries. The No. 1 grade is light in color with the content of ash and comparatively high viscosity. Number 2 grade is light amber to brown and the third grade i.e. unassorted grade is dark brown to nearly black in color.
Ghatti Gum Market: Market Segmentation
The Ghatti Gum Market is segmented into four parts based on the grade type, application type, function type, and geography. Among Grade type segment, the No. 1 grade is the leading segment in the Ghatti Gum Market due to its use of flavoring fixative in powdered beverages.
Among application type, the food & beverage segment is the leading segment for its major usage in functional processes of emulsifying and stabilizing food ingredients.
Based on the grade type, the Ghatti Gum market is segmented into:
- Grade No. 1
- Grade No. 2
- Unassorted Grade
Based on the application type the Ghatti Gum market is segmented into:
- Paper manufacturing
- Dairy & Frozen Dessert
Based on the function type the Ghatti Gum market is segmented into:
Ghatti Gum Market: Regional Outlook
Regarding geography, Ghatti Gum Market has been categorized into six regions including North America, Latin America, Europe, APEJ, Japan and Middle East Africa. Ghatti Gum market is expected to register healthy growth in the forecast period due to growing demand for flavored products in various applications. Asia-Pacific region is expected to witness promising growth rate for gums, owing to the popularity of western food trends in the forecasted years. Europe is expected to dominate the market for gums of all kinds, in terms of revenue during the forecast period. This is due to the high rate of production and consumption of gums in the region, which also allows for export of Ghatti Gum throughout the world.
Ghatti Gum Market: Key Players
Some of the key players identified in the Ghatti Gum market are:-
- Gum Technology Corporation
- Herbal World
- Krystal Colloids Pvt Ltd.
- Penta Manufacturing Company
- HPI Gums
- ISC Europe
- Kapadia Gum Industries Pvt. Ltd.
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