Locust Bean Gum Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Locust Bean Gum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Locust Bean Gum Price Trend for the Second Half of 2023

Locust Bean Gum or carob bean gum is sourced from carob trees and is a potent yet natural thickening and stabilizing agent. Owing to these properties, the locust bean gum is capaciously consumed in the food and pharma industries.

Locust Bean Gum Price Chart

Locust Bean Gum Price Trends


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Products like ice cream, sauces, dressings, etc., employ locust bean gum as a thickening agent, and it also helps improve their shelf life. On the price front, the Locust Bean Gum has been doing really well for the past few years.

During the Covid-19 pandemic, the demands surged, which had pushed the markets to unsustainable heights as the demands exceeded the supplies by large margins. However, the situation is under control now, and the second half of 2023 saw locust bean gum prices getting normalized.

Analyst Insight

According to Procurement Resource, the Locust Bean Gum market is expected to grow further in the coming months as the consumption is projected to rise going forward.

Procurement Resource provides latest prices of Locust Bean Gum. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Locust bean gum (LBG), a white to yellow powder, is a galactomannan vegetable gum. It is extracted from the seeds of Ceratonia siliquia tree, commonly known as carob tree and is also utilised as a thickening agent in food products. The bean, upon its conversion to powder tastes sweet with a flavour similar to that of chocolate.

Product Details

Report Features Details
Product Name Locust bean gum (LBG)
Synonyms Carob Gum, Carob Bean Gum, Carobin, E410
Industrial Uses Thickening and texturising agent, Pet food Cosmetics, Cigarette, Mining products, Paper making, Textiles, Dairy products and ice creams, Cheese and other pasteurised cheese products, Guar gum substitute
Supplier Database Carob, S.A, Incom Company, TIC Gums, Inc, Compañía Española de Algas Marinas S.A. (CEAMSA)
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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Production Process

  • Production of Locust Bean Gum via Extraction

In order to produce Locust Bean Gum, the seeds of the carob tree are collected, followed by their deskinning via acid treatment. Then, the obtained seeds are split and milled, followed by the separation of endosperms and germs via sieving. The obtained endosperms are finally ground to obtain Locust Bean Gum powder.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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