India is likely to be targeted by major players in the Karaya gum market as the resources are readily available and the resources of food and pharmaceutical industries are growing steadily. It has been predicted that local players are currently dominating the karaya gum market as raw materials are available at lower cost with increasing focus on the natural karaya gum portfolio.
This in turn creates an obstacle for international players to assert themselves and further penetrate the karaya gum market. In order to meet the emerging needs of consumers, manufacturers in the Karaya Gum Market have been exerting considerable efforts regionally to strengthen their positions by modernizing and upgrading their manufacturing facilities.
The increasing use of karaya gum as an emulsifier in multiple product applications is likely to expand the product’s presence in the food and beverage industry. In this era of biotechnology, karaya gum is expected to serve as potential candidates and suspending agents for the development of new drug delivery systems and products.
Karaya gum is known by many other chemical and native names, including Sterculia villosa, Sterculiaurens, Sterculia tragacantha, Sterculia Gum, Sterculia, Mucara, Kullo, Katila, Kadira, Kadaya, Indian Tragacanth, Gomme de Sterculia, Gomme Sterculia, Gomme Kuteera, Gomme Karaya, Goma Karaya, Basra adragante, etc. Karaya Gum is indicated by the number E416 in some food products. It is also used in conditions such as high plasma lipid levels, dental implant adhesives, adhesive plasters, sore throats, diabetes, and wounds and bedsores.
Global karaya gum market: dynamics
Improvement in the industrial sector, particularly food and pharmaceuticals, particularly in Asia-Pacific, is driving the growth of the global karaya gum market during the forecast period. In addition, macroeconomic factors positively impacting the global karaya gum market include increasing employment rate, changing consumer lifestyles, increasing per capita income, as well as increasing increase in population and domestic income.
Important trending factor for the global karaya gum market includes merger and acquisition of karaya gum suppliers with end-use industries such as food and pharmaceuticals. The company, which manufactures Karaya gum products, has significant opportunities in regions such as North America, Europe and Asia-Pacific, attributed to the rapidly growing healthcare industry over the past of the forecast period.
Global Karaya Gum Market: Regional Overview
By region, the global karaya gum market is segmented into seven regions: North America, Western Europe, Asia-Pacific ex Japan (APEJ), Eastern Europe, Latin America, Middle East & Africa and Japan. Among the regions, North America dominates the global Karaya gum market by value owing to the region’s large revenue share in the pharmaceutical market.
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