Gum Tragacanth: Market outlook

Gum tragacanth is gummy dried exudation which is extracted from Astragalus gummifer or other species of Astragalus. Astragalus gummifer is a small bushy perennial shrub having large roots, which, along with the branches, are tapped for the extraction of the gum tragacanth. The gum tragacanth is extracted from the roots and branches in the form of flaxes or ribbons, which after drying gets brittle. The properties of gum tragacanth include effective emulsifying properties, stability to heat and acidity, suspending action, high viscosity at low concentration, and extremely long shelf life. These properties make gum tragacanth a versatile ingredient used in various industrial sectors. Gum tragacanth is used in the pharmaceutical industry in medicinal lotions, emulsions, syrups, ointments, jellies, salves, and creams as an emulsifier, thickener, and lubricant. Gum tragacanth is used in the emulsions of cod liver oil, to assist the absorption of lesser soluble substances. In cosmetics and personal care products, gum tragacanth finds broad application. Gum tragacanth is used in hair care and skin care products due to its long shelf life and film-forming properties. Also, gum tragacanth acts as like a suspending agent in kinds of toothpaste to form a creamy product. In the food and beverage industry, gum tragacanth is used as an emulsifier, thickener, stabilizer, and texturant due to its relative stability to acidity, heat, and aging. Gum tragacanth has been used in textile print paste and sizes for high-quality silks and crepes. It is also used in dressing leather and the preparation of leather polishes. Besides, gum tragacanth is used in floor, furniture, and auto polishes. Furthermore, it is used in adhesive for reconstructed cigar wrapper leaves. The broader use of gum tragacanth in several industrial application is thus anticipated to witness a growing demand over the forecast period.

Growing Industrial Application Provides Strong Market Prospects for Gum Tragacanth

The market for gum tragacanth is anticipated to witness considerable demand over the forecast years owing to the burgeoning industrial application which is, in turn, is creating demand for gum tragacanth. The growing pharmaceutical industry and medicinal products are producing demand for additives like gum tragacanth. Gum tragacanth is natural gum and hence is finding an upper hand in the industrial application attributing to the growing trend for natural ingredients and products. The increasing urbanization, per capita disposable income, and standards of living is contributing to the ever-increasing food, and cosmetics and personal care industry. The growth of these industries is thus providing growth opportunities for the ingredients which are used in their formulation either as an emulsifier, stabilizer, texturizing agent, or any other additive. Since gum tragacanth is used in the production process to enhance the qualitative and sensory appeal of the products, thus is finding a strong market opportunity for growth over the forecast period. 

Global Gum Tragacanth: Market Segmentation

On the basis of product type, the global gum tragacanth market has been segmented as-

  • Flaxes
  • Ribbons

On the basis of end use, the global gum tragacanth market has been segmented as-

  • Pharmaceuticals
  • Food Industry
  • Cosmetics and Personal Care
  • Other Industrial Uses (manufacturing of crayons & ceramics, textile & paper processing, leather curing, and wood match manufacturing)

On the basis of region, the global gum tragacanth market has been segmented as-

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Global Gum Tragacanth: Key Players

Some of the major players of gum tragacanth market include: Arthur Branwell, Hawkins Watts Limited, Scents of Earth, Kachabo Gums, Alfa Chemical Corp., Xiamen Hisunny, Lakrena International, Wizard’s Cauldron, Inc., Hawkins Watts, Colony Gums, Kachabo Gums, Polygal AG, Neostar United, Shaanxi Top Pharm, and others

Opportunities for Participants of Gum Tragacanth Market:

Gum tragacanth market is expected to register considerable market growth both in developed and developing economies. The Asia Pacific region is expected to register a relatively growth and high market share for gum tragacanth over the forecast period attributed to the growth of the gum market, especially in India and China. Increasing population, growing food industry, and rising health concerns are factors anticipated to drive the growth for gum tragacanth market. Besides, North America is witnessing a rapid increase in the production capacity of gum tragacanth attributed to the growing demand and supply gap of natural gums comprehensively used in end-use industries including pharmaceuticals, cosmetics and personal care, food, and other industries.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Gum Tragacanth Market

Pre Book