Locust Bean Gum Market
The market for Locust Bean Gum was estimated at $980 million in 2024; it is anticipated to increase to $1.48 billion by 2030, with projections indicating growth to around $2.08 billion by 2035.
Global Locust Bean Gum Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Locust Bean Gum industry revenue is expected to be around $1049.9 million in 2025 and expected to showcase growth with 7.1% CAGR between 2025 and 2034. The remarkable surge in the Locust Bean Gum market can be attributed to factors propelling its demand to unprecedented levels. The unassuming carob seed that yields the gum has become a component in various industries showcasing a growing fascination with this commodity. Its efficacy, as a stabilizer and gelling agent has solidified its importance leading to a wide range of market uses. A pattern expected to continue rising in popularity. Moreover the ongoing advancements in the field of food science, the pursuit of food options and the increasing consumer knowledge regarding food additives have all joined forces to establish its importance, in the market. With market opportunities and promising growth possibilities the Locust Bean Gum sector is set to experience a consistent and active advancement in the forthcoming years.
Locust Bean Gum or carob gum stands out due to characteristics that make it popular in a range of industries including food and drinks as well, as pharmaceutical and pet food production.
Market Key Insights
- The Locust Bean Gum market is projected to grow from $980.3 million in 2024 to $1.95 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Food, Pharmaceutical and Pet Food Industry.
- CP Kelco, Fufeng Group Limited, Fiberstar are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Locust Bean Gum market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.
- Emerging markets including Indonesia, Mexico and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.
- Transition like Embracing Sustainability has greater influence in U.S. and China market's value chain; and is expected to add $118 million of additional value to Locust Bean Gum industry revenue by 2030.
- The Locust Bean Gum market is set to add $966 million between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Cosmetic Application projected to gain a larger market share.
- With
rising demand in food and beverage industry, and
increasing usage in pharmaceutical formulation, Locust Bean Gum market to expand 99% between 2024 and 2034.
Opportunities in the Locust Bean Gum
Growth Opportunities in North America and Europe
Market Dynamics and Supply Chain
Driver: Rising Demand in Food and Beverage Industry, and Adoption in Cosmetic and Personal Care Products
Restraint: Fluctuating Raw Material Prices
Opportunity: Augmenting Demand for Natural Food Additives and Prospects in Cosmetic and Personal Care Industry
Challenge: Regulatory Hurdles
Supply Chain Landscape
Cultivation & Harvesting
Primary Processing
Product Formulation & Packaging
Distribution & Retailing
Cultivation & Harvesting
Primary Processing
Product Formulation & Packaging
Distribution & Retailing
Use Cases of Locust Bean Gum in Food & Pharmaceutical
Recent Developments
Recent market dynamics highlight an upward trajectory for the locust bean gum industry. Driven by its unique thickening and gelling properties, locust bean gum has found extensive application across various sectors including food and beverages, pharmaceuticals, and pet food manufacturing. Manufacturers are increasingly leveraging these characteristics to cater to rising consumer demand for natural and clean-label products.