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

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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.