The ester gum market is expected to grow at a CAGR of 5.28%, reaching a market size of US$201.613 billion in 2030 from US$155.895 billion in 2025.
The major market driver for ester gums is that they are used in multiple sectors, such as stabilizers and emulsifiers in various pharmaceutical products. Products such as creams, ointments, and tablets are made using ester gums. The increasing demand for pharmaceutical products is expected to drive the ester gums market growth.
Further, it is utilized in solvent-based adhesives, pressure-sensitive adhesives, EVA glue sticks, bookbinding adhesives, and carpenter's glue. These adhesives are used in many industries, creating a larger demand for the material. Ester gums are gaining popularity in the market, as they are perceived to be safer and healthier alternatives to synthetic ingredients.
According to the World Bank, roughly 4.5 billion low-income people in developing countries collectively spend more than $5 trillion a year. They spend $2.3 trillion a year on food and beverages solely. These numbers suggest that the food and beverage industry is the major economic sector for growth and demand. Thus, the ester gum market will likely rise during the forecast period.
The Asia-Pacific region is expected to witness notable growth in the ester gum market due to its overall industrial expansion. India's manufacturing sector is likely to reach US$1 trillion by 2025-26 due to the positive developments in the manufacturing sector, government policy support, mergers and acquisitions activities, and PE/VC-led investment.
North America is expected to have a significant market share for ester gum products due to its major utilization in many sectors of the economy. Especially in the food and beverages segment of the economy, as per the U.S. Department of Agriculture, the food service and retailing industries have supplied more than $2.1 trillion worth of food each year since 2021, reaching $2.6 trillion in 2023.
The major market driver for ester gums is that they are used in multiple sectors, such as stabilizers and emulsifiers in various pharmaceutical products. Products such as creams, ointments, and tablets are made using ester gums. The increasing demand for pharmaceutical products is expected to drive the ester gums market growth.
Further, it is utilized in solvent-based adhesives, pressure-sensitive adhesives, EVA glue sticks, bookbinding adhesives, and carpenter's glue. These adhesives are used in many industries, creating a larger demand for the material. Ester gums are gaining popularity in the market, as they are perceived to be safer and healthier alternatives to synthetic ingredients.
Ester gum market drivers
Growing food and beverages market
Ester gum has major applications in the food and beverages market, such as stabilizers in beverages, especially citrus-flavored soft drinks. It is also used as an emulsifier and emulsification stabilizer in soft drinks. The ester gum is used as a material for the gum base. It makes the property of easily becoming bubble and resisting chewing. It acts as an antioxidant and keeps softness with good taste in bubble gum and chewing gum.According to the World Bank, roughly 4.5 billion low-income people in developing countries collectively spend more than $5 trillion a year. They spend $2.3 trillion a year on food and beverages solely. These numbers suggest that the food and beverage industry is the major economic sector for growth and demand. Thus, the ester gum market will likely rise during the forecast period.
Ester gum market geographical outlook
The ester gum market is segmented into five regions worldwide
By geography, the market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.The Asia-Pacific region is expected to witness notable growth in the ester gum market due to its overall industrial expansion. India's manufacturing sector is likely to reach US$1 trillion by 2025-26 due to the positive developments in the manufacturing sector, government policy support, mergers and acquisitions activities, and PE/VC-led investment.
North America is expected to have a significant market share for ester gum products due to its major utilization in many sectors of the economy. Especially in the food and beverages segment of the economy, as per the U.S. Department of Agriculture, the food service and retailing industries have supplied more than $2.1 trillion worth of food each year since 2021, reaching $2.6 trillion in 2023.
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- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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The ester gum market is segmented and analyzed as follows:
By Type
- Polymerized Rosins of Glycerol Ester (PRGE)
- Glycerol Esters of Wood Rosin (GEWR)
- Glycerol Esters of Gum Rosins (GEGR)
- Penta Ester Gum
- Other Types
By Application
- Food and Beverages
- Cosmetic
- Fertilizers
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ESTER GUM MARKET BY TYPE
6. ESTER GUM MARKET BY APPLICATION
7. ESTER GUM MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- Uniform Synthetics.
- SpecialChem
- Univar Solutions LLC
- DRT (DSM-Firmenich)
- Arakawa Chemical Industries, Ltd.
- Eastman Chemical Company
- Foshan Baolin Chemical Industry Co., Ltd
- Jubilant
- Mangalam Organics Limited
- Resin Chemicals Co.
- Foreverest Resources Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 146 |
Published | November 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 155.9 Billion |
Forecasted Market Value ( USD | $ 201.61 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |