Global Tragacanth Gum Market Size study & Forecast, by Source, by Application, by Grade and Regional Analysis, 2023-2030

PUBLISHED: June 27, 2023

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Global Tragacanth Gum Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Tragacanth gum is a natural gum obtained from the sap of various species of Astragalus plants, particularly Astragalus gummifer. It is primarily used as a thickening and stabilizing agent in various industries, including food and beverages, pharmaceuticals, cosmetics, and textile printing. The major driving factors for the Global Tragacanth Gum Market are increasing demand for tragacanth gum in the food and beverage industry, growing demand for tragacanth gum in the pharmaceuticals industry and rising demand for tragacanth gum in the cosmetics industry. Moroever, increasing awareness about the benefits of natural and organic products and rising disposable income is creating lucrative growth opportunity for the market over the forecast period 2023-2030.

The rising disposable income of consumers is also driving the demand for tragacanth gum. This is because tragacanth gum is a premium product that is used in high-end products. In the United States, disposable income per capita increased by 5.4% in 2021, after increasing by 3.3% in 2020. Similarly, in China, disposable income per capita increased by 9.1% in 2021, after increasing by 5.9% in 2020. Along with this, in India, disposable income per capita increased by 10.3% in 2021, after increasing by 7.6% in 2020. However, the high cost of Tragacanth Gum stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tragacanth Gum Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is the largest market for tragacanth gum, accounting for a major share of the market. The growth of the market in Asia Pacific is attributed to the increasing demand for tragacanth gum in the food and beverage industry, pharmaceuticals, and cosmetics industries. The rising disposable income and growing awareness about the benefits of natural and organic products are also driving the growth of the market in this region. Latin America and Middle East & Africa are the two fastest-growing markets for tragacanth gum. The growth of the market in these regions is attributed to the increasing demand for tragacanth gum in the food and beverage industry, pharmaceuticals, and cosmetics industries. The rising disposable income and growing population are also driving the growth of the market in these regions.

Major market players included in this report are:

Iran Tragacanth Co. (Iran)
Marudhar Gum (India)
Herbstreith & Fox KG Pektin-Fabriken (Germany)
P.L. Thomas & Co., Inc. (United States)
Tara Gum International (United States)
S.A. Ajinomoto OmniChem N.V. (Belgium)
Supreme Gums Pvt. Ltd. (India)
Fenchem Biotek Ltd. (China)
R.P. Gum & Chemicals Ltd. (India)
Neelkanth Polymers (India)

Recent Developments in the Market:

Tragacanth Gum USA has launched a new line of tragacanth gum products in 2022, including a food-grade gum, a cosmetic-grade gum, and a pharmaceutical-grade gum.

Global Tragacanth Gum Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Application, Grade, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Source offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Astragalus gummifer
Others

By Application:

Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Textile Printing

By Grade:

Food Grade
Pharmaceutical Grade
Industrial Grade

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Tragacanth Gum Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Tragacanth Gum Market, by Source, 2020-2030 (USD Billion)
- 1.2.3. Tragacanth Gum Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Tragacanth Gum Market, by Grade, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Tragacanth Gum Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Tragacanth Gum Market Dynamics

3.1. Tragacanth Gum Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for tragacanth gum in the food and beverage industry
  - 3.1.1.2. Growing demand for tragacanth gum in the pharmaceuticals industry
  - 3.1.1.3. Rising demand for tragacanth gum in the cosmetics industry
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Tragacanth Gum
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing awareness about the benefits of natural and organic products
  - 3.1.3.2. Rising disposable income

Chapter 4. Global Tragacanth Gum Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Tragacanth Gum Market, by Source

5.1. Market Snapshot
5.2. Global Tragacanth Gum Market by Source, Performance - Potential Analysis
5.3. Global Tragacanth Gum Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Tragacanth Gum Market, Sub Segment Analysis
- 5.4.1. Astragalus gummifer
- 5.4.2. Others

Chapter 6. Global Tragacanth Gum Market, by Application

6.1. Market Snapshot
6.2. Global Tragacanth Gum Market by Application, Performance - Potential Analysis
6.3. Global Tragacanth Gum Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Tragacanth Gum Market, Sub Segment Analysis
- 6.4.1. Food and Beverages
- 6.4.2. Pharmaceuticals
- 6.4.3. Cosmetics and Personal Care
- 6.4.4. Textile Printing

Chapter 7. Global Tragacanth Gum Market, by Grade

7.1. Market Snapshot
7.2. Global Tragacanth Gum Market by Grade, Performance - Potential Analysis
7.3. Global Tragacanth Gum Market Estimates & Forecasts by Grade 2020-2030 (USD Billion)
7.4. Tragacanth Gum Market, Sub Segment Analysis
- 7.4.1. Food Grade
- 7.4.2. Pharmaceutical Grade
- 7.4.3. Industrial Grade

Chapter 8. Global Tragacanth Gum Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Tragacanth Gum Market, Regional Market Snapshot
8.4. North America Tragacanth Gum Market
- 8.4.1. U.S. Tragacanth Gum Market
  - 8.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Grade breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Tragacanth Gum Market
8.5. Europe Tragacanth Gum Market Snapshot
- 8.5.1. U.K. Tragacanth Gum Market
- 8.5.2. Germany Tragacanth Gum Market
- 8.5.3. France Tragacanth Gum Market
- 8.5.4. Spain Tragacanth Gum Market
- 8.5.5. Italy Tragacanth Gum Market
- 8.5.6. Rest of Europe Tragacanth Gum Market
8.6. Asia-Pacific Tragacanth Gum Market Snapshot
- 8.6.1. China Tragacanth Gum Market
- 8.6.2. India Tragacanth Gum Market
- 8.6.3. Japan Tragacanth Gum Market
- 8.6.4. Australia Tragacanth Gum Market
- 8.6.5. South Korea Tragacanth Gum Market
- 8.6.6. Rest of Asia Pacific Tragacanth Gum Market
8.7. Latin America Tragacanth Gum Market Snapshot
- 8.7.1. Brazil Tragacanth Gum Market
- 8.7.2. Mexico Tragacanth Gum Market
8.8. Middle East & Africa Tragacanth Gum Market
- 8.8.1. Saudi Arabia Tragacanth Gum Market
- 8.8.2. South Africa Tragacanth Gum Market
- 8.8.3. Rest of Middle East & Africa Tragacanth Gum Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Iran Tragacanth Co. (Iran)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Marudhar Gum (India)
- 9.3.3. Herbstreith & Fox KG Pektin-Fabriken (Germany)
- 9.3.4. P.L. Thomas & Co., Inc. (United States)
- 9.3.5. Tara Gum International (United States)
- 9.3.6. S.A. Ajinomoto OmniChem N.V. (Belgium)
- 9.3.7. Supreme Gums Pvt. Ltd. (India)
- 9.3.8. Fenchem Biotek Ltd. (China)
- 9.3.9. R.P. Gum & Chemicals Ltd. (India)
- 9.3.10. Neelkanth Polymers (India)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Tragacanth Gum Market, report scope
TABLE 2. Global Tragacanth Gum Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Tragacanth Gum Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Tragacanth Gum Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Tragacanth Gum Market estimates & forecasts by Grade 2020-2030 (USD Billion)
TABLE 6. Global Tragacanth Gum Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Tragacanth Gum Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Tragacanth Gum Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Tragacanth Gum Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Tragacanth Gum Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Tragacanth Gum Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Tragacanth Gum Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Tragacanth Gum Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Tragacanth Gum Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Tragacanth Gum Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Tragacanth Gum Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Tragacanth Gum Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Tragacanth Gum Market
TABLE 71. List of primary sources, used in the study of global Tragacanth Gum Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered