Tara gum is a white or beige odourless powder, that is produced by separating and grinding the endosperm of the Tara Tree (Caesalpinia spinosa). This gum consists a galactomannan polymer similar to the main components of guar and locust bean gum. It is used as a thickening agent and stabilizer in a number of food applications.

Major factors driving growth of the global tara gum market include increasing demand from food & beverages industry. Increasing demand for tara gum in pharmaceuticals industry for manufacturing of various supplements and to treat heart and eye related diseases and in cosmetics industry to manufacture various skin care related products are other major factors expected to further boost growth of this market over the forecast period.

Primary factors hampering growth of this market include lack of availability and various synthetic gums available in the market as a substitutes are some major factors expected to restraining growth of the global tara gum market over the forecast period.

The global tara gum market report has been segmented on the basis of application, and region. On the basis of application, the global tara gum market is segmented into food, beverages, animal feed, pharmaceuticals, health & personal care, and others. Food accounted for major revenue share among all application segments, owing to high demand for frozen dairy desserts, breads and bakery products.

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On the basis of region the global tara gum market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  The market in Latin America is expected to dominate, the global tara gum market in terms of revenue, owing to presence of various market players and high demand from food & beverages industry in countries in the region. The market in Latin America is followed by North America, Europe, Asia Pacific, and Middle East & Africa.

Key players in the global tara gum market include TIG corporation, Argos Peru SA, Molinos Asociados S.A.C., Gomas y Taninos S.A.C., Priya International, and Innova Export Ltd.