Market Trends of Ester Gum Industry
This section covers the major market trends shaping the Ester Gum Market according to our research experts:
Increasing demand from Food and Beverage Sector
Ester gum has gained a significant position in the beverage industry and is gaining more importance with the continuously rising demand across the globe. Glycerol esters of rosin are used as weighting agents in the beverages primarily which contain citrus. Such drinks include carbonated soft drinks and sports drinks. The commonly used types of esters for these applications include glycerol ester of gum rosin and glycerol ester of wood rosin. The growing focus for health and wellness, in addition to the convenience provided great opportunities for differentiation, is driving the non-alcoholic beverage industry globally, which in turn, is expected to boost the ester gum market in the coming years.
Asia-Pacific to Witness Fastest growth
Asia-Pacific is one of the major markets for ester gum, with China holding the majority of the regional market share. Increasing demand from various end-user industries primarily Paints, Inks & Coatings and cosmetics market are boosting the demand. The region is also expected to witness a high growth rate during the forecast period. China is witnessing a huge demand for chewing gum, beverages and cosmetics & personal care products in the country. Furthermore, India is another key region propelling the demand for ester gums in paints and adhesives applications. Robust growth in the construction sector is the major positive factor for this growth. Additionally, increasing focus on environmentally friendly products for cosmetic applications is another boosting factor for the ester gum market.
