NEW YORK, Dec. 14, 2022 /PRNewswire/ -- According to Technavio, the global ester gum market size is projected to grow by USD 127.14 million from 2021 to 2026. The market is estimated to grow at a CAGR of 4.17% during the forecast period. North America will account for 35% of the market's growth during the forecast period.
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Global ester gum market- Parent market analysis
Technavio categorizes the global ester gum market as a part of the global specialty chemicals market. The parent global chemicals market covers companies engaged in the manufacturing of various types of products under organic and inorganic chemicals. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacture of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings.
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Global ester gum market- Five forces
The global ester gum market is fragmented, and the five forces analysis covers–
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Rivalry
- Bargaining Power of Suppliers
- Threat of Substitutes
- Interpretation of Porter's Five Forces model helps to strategize the business, for entire details - buy report!
Global ester gum market– Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global ester gum market- Segmentation assessment
Segment Overview
Technavio has segmented the market based on application, product, and region.
- The chewing gum segment will grow at the highest rate during the forecast period. The chewing gum segment accounted for the largest market share in the global ester gum market due to the increasing consumer demand for sugar-free chewing gums globally. Various scientific research studies have revealed the benefits of sugar-free chewing gums over regular sweetened gums, thus resulting in an increase in the overall demand for this gum variety. Also, the introduction of functional chewing gums (e.g., energy chewing gums) and all-natural chewing gums is driving the growth of the chewing gum segment.
Geography Overview
By geography, the global ester gum market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global ester gum market.
- North America will account for 35% of the market's growth during the forecast period. The market in the region is estimated to grow at the fastest pace during the forecast period. The US is the largest market in North America for ester gum. The market in this region will expand more slowly than the market in APAC. The ester gum market in North America will expand due to the increased demand for ester gum from end-user industries such as paints and coatings, adhesives, and cosmetics during the forecast period.
Global ester gum market– Market dynamics
Key factors driving market growth
- Increasing demand from the food and beverage industry is one of the key factors. In citrus-flavored drinks, rosin glycerol esters are used as weighting agents. Sports drinks and carbonated soft drinks are examples of these beverages. Glycerol ester of gum rosin and glycerol ester of wood rosin is two esters that are frequently used in these applications. The demand for ester gum in the non-alcoholic beverage industry is rising due to the increased focus on health and well-being as well as the ability to provide a base for differentiation.
Recent trends influencing the market
- Increasing demand for organic gums is one of the key ester gum market trends fueling the market growth. Organic foods are becoming increasingly popular among customers as they place a higher value on healthy, natural, authentic, and safe food products.
- The origin and quality of ingredients are two things that many consumers today look for on product labels. As a result, many believe that organic food is healthier and more nourishing.
- It is projected that more companies will develop their own organic gum product lines as the trend toward consuming organic foods grows. Such factors will fuel the market growth during the forecast period.
Major challenges hindering the market growth
- Stringent environmental regulations are key factors challenging the ester gum's market growth.
- The usage of adhesives with a high VOC content is subject to numerous strict requirements set by regulatory agencies. For instance, according to the European Framework Regulation 1935/2004, items that come into contact with food can not endanger human health or alter the flavor, aroma, or composition of food.
- Additionally, food contact materials should be produced in accordance with the GMPs mandated by European Commission (EC) 2023/2006. These factors will pose a challenge to market growth in the near future.
Drivers, Trends, and Challenges are the factors of market dynamics, which state about consequences and sustainability of the businesses. Find some insights from a sample report!
What are the key data covered in this ester gum market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the ester gum market between 2023 and 2027
- Precise estimation of the size of the ester gum market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the ester gum industry across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of ester gum market vendors
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Ester Gum Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.17% |
Market growth 2022-2026 |
$127.14 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.93 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, India, Japan, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Arakawa Chemical Industries Co. Ltd., Cardinal Chemicals Pvt. Ltd., Eastman Chemical Co., Foshan Baolin Chemical Industry Co. Ltd, Jubilant Bhartia Group, Les Derives Resiniques Et Terpeniques, Mahendra Rosin and Turpentine Pvt. Ltd., Mangalam Organics Ltd., MPD INDUSTRIES PVT LTD, PT INDOPICRI, Shanghai Bichain Industrial Chemical Co. Ltd., Symrise AG, Uniform Synthetics Pvt Ltd., Zhejiang Xinsong Resin Co. Ltd., Foreverest Resources Ltd., Pinova Inc., POLIMEROS SINTETICOS, and Sood Paper & Allied Chemicals |
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio "Materials" Research Reports
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 25: Chart on Application - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 27: Chart on Comparison by Application
- Exhibit 28: Data Table on Comparison by Application
- 5.3 Chewing gum - Market size and forecast 2021-2026
- Exhibit 29: Chart on Chewing gum - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Chewing gum - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Chewing gum - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Chewing gum - Year-over-year growth 2021-2026 (%)
- 5.4 Beverages - Market size and forecast 2021-2026
- Exhibit 33: Chart on Beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Beverages - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Beverages - Year-over-year growth 2021-2026 (%)
- 5.5 Paints - Market size and forecast 2021-2026
- Exhibit 37: Chart on Paints - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Paints - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Paints - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Paints - Year-over-year growth 2021-2026 (%)
- 5.6 Cosmetics - Market size and forecast 2021-2026
- Exhibit 41: Chart on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Cosmetics - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Cosmetics - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 49: Market opportunity by Application ($ million)
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 50: Chart on Product - Market share 2021-2026 (%)
- Exhibit 51: Data Table on Product - Market share 2021-2026 (%)
- 6.2 Comparison by Product
- Exhibit 52: Chart on Comparison by Product
- Exhibit 53: Data Table on Comparison by Product
- 6.3 Polymerized rosins of glycerol ester (PRGE) - Market size and forecast 2021-2026
- Exhibit 54: Chart on Polymerized rosins of glycerol ester (PRGE) - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Polymerized rosins of glycerol ester (PRGE) - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Polymerized rosins of glycerol ester (PRGE) - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Polymerized rosins of glycerol ester (PRGE) - Year-over-year growth 2021-2026 (%)
- 6.4 Glycerol esters of wood rosin (GEWR) - Market size and forecast 2021-2026
- Exhibit 58: Chart on Glycerol esters of wood rosin (GEWR) - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Glycerol esters of wood rosin (GEWR) - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Glycerol esters of wood rosin (GEWR) - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Glycerol esters of wood rosin (GEWR) - Year-over-year growth 2021-2026 (%)
- 6.5 Glycerol esters of gum rosins (GEGR) - Market size and forecast 2021-2026
- Exhibit 62: Chart on Glycerol esters of gum rosins (GEGR) - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Glycerol esters of gum rosins (GEGR) - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Glycerol esters of gum rosins (GEGR) - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Glycerol esters of gum rosins (GEGR) - Year-over-year growth 2021-2026 (%)
- 6.6 Penta ester gum - Market size and forecast 2021-2026
- Exhibit 66: Chart on Penta ester gum - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Penta ester gum - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Penta ester gum - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Penta ester gum - Year-over-year growth 2021-2026 (%)
- 6.7 Maleic adduct of gum rosin - Market size and forecast 2021-2026
- Exhibit 70: Chart on Maleic adduct of gum rosin - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Maleic adduct of gum rosin - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Maleic adduct of gum rosin - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Maleic adduct of gum rosin - Year-over-year growth 2021-2026 (%)
- 6.8 Market opportunity by Product
- Exhibit 74: Market opportunity by Product ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 76: Chart on Market share by geography 2021-2026 (%)
- Exhibit 77: Data Table on Market share by geography 2021-2026 (%)
- 8.2 Geographic comparison
- Exhibit 78: Chart on Geographic comparison
- Exhibit 79: Data Table on Geographic comparison
- 8.3 North America - Market size and forecast 2021-2026
- Exhibit 80: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 8.4 Europe - Market size and forecast 2021-2026
- Exhibit 84: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 8.5 APAC - Market size and forecast 2021-2026
- Exhibit 88: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 8.6 South America - Market size and forecast 2021-2026
- Exhibit 92: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 96: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 8.8 US - Market size and forecast 2021-2026
- Exhibit 100: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on US - Year-over-year growth 2021-2026 (%)
- 8.9 China - Market size and forecast 2021-2026
- Exhibit 104: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on China - Year-over-year growth 2021-2026 (%)
- 8.10 UK - Market size and forecast 2021-2026
- Exhibit 108: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 109: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 110: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 111: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 8.11 India - Market size and forecast 2021-2026
- Exhibit 112: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 113: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 114: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 115: Data Table on India - Year-over-year growth 2021-2026 (%)
- 8.12 Japan - Market size and forecast 2021-2026
- Exhibit 116: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 117: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 118: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 119: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 8.13 Market opportunity by geography
- Exhibit 120: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2021 and 2026
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 124: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 125: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification
- 11.3 Arakawa Chemical Industries Co. Ltd.
- Exhibit 127: Arakawa Chemical Industries Co. Ltd. - Overview
- Exhibit 128: Arakawa Chemical Industries Co. Ltd. - Business segments
- Exhibit 129: Arakawa Chemical Industries Co. Ltd. - Key offerings
- Exhibit 130: Arakawa Chemical Industries Co. Ltd. - Segment focus
- 11.4 Eastman Chemical Co.
- Exhibit 131: Eastman Chemical Co. - Overview
- Exhibit 132: Eastman Chemical Co. - Business segments
- Exhibit 133: Eastman Chemical Co. - Key offerings
- Exhibit 134: Eastman Chemical Co. - Segment focus
- 11.5 Foshan Baolin Chemical Industry Co. Ltd
- Exhibit 135: Foshan Baolin Chemical Industry Co. Ltd - Overview
- Exhibit 136: Foshan Baolin Chemical Industry Co. Ltd - Product / Service
- Exhibit 137: Foshan Baolin Chemical Industry Co. Ltd - Key offerings
- 11.6 Jubilant Bhartia Group
- Exhibit 138: Jubilant Bhartia Group - Overview
- Exhibit 139: Jubilant Bhartia Group - Product / Service
- Exhibit 140: Jubilant Bhartia Group - Key offerings
- 11.7 Les Derives Resiniques Et Terpeniques
- Exhibit 141: Les Derives Resiniques Et Terpeniques - Overview
- Exhibit 142: Les Derives Resiniques Et Terpeniques - Product / Service
- Exhibit 143: Les Derives Resiniques Et Terpeniques - Key offerings
- 11.8 Mahendra Rosin and Turpentine Pvt. Ltd.
- Exhibit 144: Mahendra Rosin and Turpentine Pvt. Ltd. - Overview
- Exhibit 145: Mahendra Rosin and Turpentine Pvt. Ltd. - Product / Service
- Exhibit 146: Mahendra Rosin and Turpentine Pvt. Ltd. - Key offerings
- 11.9 Mangalam Organics Ltd.
- Exhibit 147: Mangalam Organics Ltd. - Overview
- Exhibit 148: Mangalam Organics Ltd. - Business segments
- Exhibit 149: Mangalam Organics Ltd. - Key offerings
- Exhibit 150: Mangalam Organics Ltd. - Segment focus
- 11.10 PT INDOPICRI
- Exhibit 151: PT INDOPICRI - Overview
- Exhibit 152: PT INDOPICRI - Product / Service
- Exhibit 153: PT INDOPICRI - Key offerings
- 11.11 Shanghai Bichain Industrial Chemical Co. Ltd.
- Exhibit 154: Shanghai Bichain Industrial Chemical Co. Ltd. - Overview
- Exhibit 155: Shanghai Bichain Industrial Chemical Co. Ltd. - Product / Service
- Exhibit 156: Shanghai Bichain Industrial Chemical Co. Ltd. - Key offerings
- 11.12 Uniform Synthetics Pvt Ltd.
- Exhibit 157: Uniform Synthetics Pvt Ltd. - Overview
- Exhibit 158: Uniform Synthetics Pvt Ltd. - Product / Service
- Exhibit 159: Uniform Synthetics Pvt Ltd. - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 160: Inclusions checklist
- Exhibit 161: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 162: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 163: Research methodology
- Exhibit 164: Validation techniques employed for market sizing
- Exhibit 165: Information sources
- 12.5 List of abbreviations
- Exhibit 166: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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