Latest News- Ester Gum Market: Chewing gum is expected to lead the Application segment during 2024-2028

The Ester Gum Market is being driven by Increasing demand from food and beverage industry

The Ester Gum Market is expected to grow at a CAGR of 4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 121.2 million. The organic food market is experiencing significant growth due to the increasing consumer preference for healthier, natural, and authentic food products. This trend is driven by a heightened focus on ingredient origin and quality, leading consumers to view organic food as a healthier and more nutritious alternative. Major markets, such as the US and Germany, account for over 50% of global retail sales, with the US holding approximately 40% and Germany around 10%. In the UK, where both socially conscious millennials and older consumers favor organic foods, this niche category represents a relatively small portion of the food and beverage market, accounting for only 1.4%. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Chewing gum
  • Beverages
  • Paints
  • Cosmetics
  • Others
• Product
  • Polymerized rosins of glycerol ester (PRGE)
  • Glycerol esters of wood rosin (GEWR)
  • Glycerol esters of gum rosins (GEGR)
  • Penta ester gum
  • Maleic adduct of gum rosin
• Geography
  • North America
    • US
  • Europe
    • UK
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand from food and beverage industry
• Increasing demand for functional foods and beverages
• Rising awareness about benefits of ester gum

However, the market also witnesses some limitations, which are as follows:

• Stringent environmental regulations
• Alternatives of ester gums
• Volatility in raw material prices

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Market Scope in Ester Gum Market Research Report

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Research Analysis Overview

The Ester Gum Market encompasses various applications in the personal care industry, including creams and ointments, as well as shampoos, lotions, and cosmetics. Synthetic ingredients like Polymerized Rosins and Penta Ester Gum are utilized as emulsifiers, stabilizers, and density adjustment agents. The market also extends to industries such as inks and coatings, beverages, and health and wellness. Ester Gum is used as a weighting agent in carbonated soft drinks and sports drinks. In the ink and paint sectors, it functions as a resin, while in rubber-based adhesives, it serves as a vital component. Additionally, Ester Gum is employed in PVC tiles and aluminum paint mediums.

Market Research Overview

The global specialty chemicals industry encompasses businesses specializing in high-value-add chemicals used in the production of various products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, coatings, creams, ointments, tablets, shampoos, lotions, and cosmetics, as well as textiles. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Key growth drivers for the specialty chemicals sector include the increasing preference for specialty adhesives and sealants, which are experiencing significant demand due to their superior performance characteristics and versatility in various applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/