The global biogum market is expected to grow from USD 720.55 million 2017 to USD 2,836.05 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 21.62%.

"Preference towards natural, healthier and sustainable consumption
is one of the factors largely attributing to the growth of biogum market globally"

The factors attributing to the growth of the market are preference towards natural, healthier and sustainable consumption, increasing growing demand for plant-based ingredients, understanding on the benefits of biogums, and increased uses in plant protein applications, drinkable yogurt, drinkable jellies, sports nutrition. However, some factors such as and less expensive counterfeit products may hinder the market growth. The global biogum market is expected to showcase the opportunities such as new product innovation, increased demand for foods that satisfy consumers with dysphagia, and growing demand for personal care and other industrial application. In the near future, the market may face the possible challenges in the growth due to and pitfalls in bio-separation processes. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global biogum market market."Xenthun Gum: The highest growing type for the global biogum market"

On the basis of type, the global biogum market is studied across Cellulose Gum, Diutam Gum, Gellan Gum, Pectin, and Xenthun Gum. Among all these type, the Xenthun Gum is projected to hold the largest market share while the Gellan Gum has the potential to grow the market with the highest CAGR in the forecast period."Food & Beverages: The highest growing application for the global biogum market"

On the basis of application, the global biogum market is studied across Chemicals, Food & Beverages, Medical & Pharmaceuticals, Oil & Petrochemicals, and Printing & Dyeing. Among all these application, the Food & Beverages has captured the maximum market share while the Medical & Pharmaceuticals has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global biogum market"

On the basis of geography, the global biogum market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.

"Archer-Daniels-Midland Company: The potential growing player for the global biogum market"

The key players profiled in the global biogum market are Archer-Daniels-Midland Company, BioSYLx LLC, CP Kelco U.S., Inc., Cargill, Incorporated, DSM Rainbow Biotechnology Co., Ltd., DuPont Nutrition & Health, Fufeng Group Limited, Hebei Xinhe Biochemical Co., Ltd, Jianlong Biotechnology Co., Ltd., Jungbunzlauer Suisse AG, Meihua Holdings Group Co., Ltd, Solvay SA, and Zibo Zhongxuan Biochemical Co., Ltd..


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global biogum market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global biogum market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global biogum market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global biogum market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global biogum market.