The family-owned company, which was founded in 2000, specialises in manufacturing customised stabilizing systems. Its primary product is gum Arabic, which represents 50 per cent of the annual turnover, and all of its ingredients are of natural origin, from plants, trees or seaweed.
It is specialized in the manufacture of customized food stabilizer systems. The main raw material is the Arabic gum, which represents 50 per cent of the annual turnover.
A spokesperson told FoodNavigator.com that Caragum has previously focused its export efforts Latin America and North Africa. The decision was taken to appoint an agent for Central and Eastern Europe since it saw there were a lot of companies there that it was not reaching by direct distribution.
Central and Eastern Europe presently accounting for only a very small percentage of sales, but it is expected that sales from here will increase by as much as 20 per cent.
Overall, exports account for 90 per cent of Caragum's income.
Brenntag says it is now represented in nearly all the countries of Europe, and has built up a comprehensive distribution network covering the continent and accessing all the strategically important markets.
The distributor has over 6200 employees in Europe, and last year reported sales of €3.4 bn from the market.
Europe, where Caragum's main markets are Spain and Portugal, is richer than the other export markets, and people care more about natural origin of ingredients, said the Caragum spokesperson.
Caragum sources its raw materials from Africa, China and Peru. It blends them into ingredients for use in meat, dairy, beverage, confectionery and seasoning - at its laboratory in France.
