Global Guar Gum Market Overview
Guar Gum Market size is projected to reach USD 792.92 Million by 2032 from an estimated USD 601.89 Million in 2023, growing at a CAGR of 3.11% globally, during the forecast period (2024-2032).
Guar Gum also called Guaran, is a free-flowing powder made from the legumes known as guar beans. Guar Gum is a large chain of bonded carbohydrate molecules or a kind of galactomannan polysaccharide and is made up of two sugars such as galactose as well as mannose. Guar gum is used primarily in the food manufacturing industry, as they are thick and hold the ability to absorb water, forms a thickening gel, and helps in binding the food products. The Food and Drug Administration (FDA) addresses Guar Gum as a food product that is safe for consumption in required amounts. Owing to its various properties such as high fiber content, low-calorie content, and protein content of 5 to 6%, it is high in demand among consumers all across the world. It is also used widely among the population as it possesses the ability to reduce the amount of cholesterol and glucose in the stomach and large & small intestines. Furthermore, guar gum plays a major role in the gas and oil hydraulic fracturing procedure as a fracking fluid due to its gelling and thickening property, which fuels the market growth of guar gum worldwide. Additionally, due to rising lifestyle and chronic diseases, and the aging population, there has been observed an immense growth of guar gum in the pharmaceutical industry.
Market Dynamics And Factors For Guar Gum Market
Drivers:
Extensive Range of Applications in Several Industries
Guar Gum is a type of powder obtained from cluster beans. It is used widely in many industries such as pharmaceuticals, explosives, cosmetics, paper manufacturing, oil and gas well drilling, and as an additive in the food industry. It is used chiefly as a stabilizer and thickener in the food and beverage sector. Also, the capability of guar gum powder to form hydrogen bonding with water molecules, cushions the growth of guar gum in various industries. Moreover, the rising awareness among the consumers for the consumption of guar gum to treat irritable bowel syndromes, high blood pressure, constipation, high cholesterol levels, diarrhea, and many more is expected to drive the market growth of guar gum in the upcoming years. Guar gum is witnessing huge demand from health-conscious people as it is essential in reducing excessive body fat and easing the process of weight loss. The development of cationic and anionic guar gum derivatives and their wide utilization in oil and gas well stimulation has propelled the growth in recent years. In carpet and textile printing, guar gum is used as a thickening agent in the dye solutions which helps in obtaining sharply printed patterns of design. It is also used in explosives as an additive for water blocking. Furthermore, adding small amounts of guar gum to the pulp for paper production also drives the market growth of guar gum in the forthcoming years.
Restraints:
Poor Research and Development Activities in the Underdeveloped Countries
Although there has been observed an immense growth of guar gum in many countries, the unawareness and lack of poor R&D activities in many parts of the world are expected to hinder the guar gum market. The Asia Pacific holds the largest market share of guar gum, but in some parts of the region such as Pakistan and India, there is a lack of general research and development facilities. Additionally, these countries have not expanded their R&D associations which can focus on the development of industry-specific products, guar seed production, or manufacturing and processing technology, which is anticipated to impede the market growth of guar gum in the forecast period. The agricultural and research institutes in these regions lack in major resources required to develop new varieties and certified seeds, which further restrains the growth of the guar gum market.
Opportunities:
Augmenting Demand for Convenience and Organic Food Products
The rising awareness about lifestyle diseases has brought a drastic change in the eating habits and dietary patterns of consumers all across the world. Additionally, due to the health benefits offered by organic food products, the market for guar gum can witness rapid growth. This growth can be attributed to the substantial use of guar gum as a food additive in almond milk, yogurts, fiber supplements, bottled coconut, soups, and others, which creates a huge demand for convenience foods among the population. Also, the utilization of guar gum as a firming agent and emulsifier in foods such as breakfast cereals, jams, baking mixes, ice creams, jellies, cheese, and sauces to enhance the food quality and taste fabricates a profitable opportunity for market growth over the forecast period. An increase in consumer preference and interest for low-calorie, low-fat and processed convenience food is anticipated to augment the demand for the guar gum market. This rise in interest is also influenced more by the factors such as longer working hours, increasing income levels, and usage of household technologies that can grow rapidly in the forecasted years.
Challenges:
Introduction of New Substitutes for Guar Gum Products
Guar gum has a wide range of applications including in the oil & gas and food & beverage industries. However, major factors such as fluctuating guar prices and unavailability have led to the introduction of new substitutes to guar gum products at a cheaper rate, especially in the oil and shale gas sector. Locust bean gum, Cassia tora, carboxymethylcellulose, carboxymethyl-hydroxyethyl cellulose-based gum, xanthan gum, clear starch, and synthetic polymers are some of the newly introduced products that act as a substitute for guar gum which can create a huge challenge for the guar gum market in the forthcoming years. Additionally, the tamarind kernel powder has crucially replaced guar gum in the textile sector, and meanwhile Cassia Tora in the pet food industry.
Segmentation Analysis Of Guar Gum Market
By Function, the gelling agent segment is expected to dominate the market growth in the upcoming years. The wide application of gelling agent function in the oil and gas industry as a key ingredient for the hydraulic fracking procedure drives the market growth. It is also used extensively in the oil drilling industry to increase the production of oil and gas. The multifunctional properties such as water and fluid loss control, shale inhibitor, and cooling & lubrication of drill bits are estimated to boost the growth of gelling agent segment. Also, its application in various food products such as candies, desserts, and jellies propels the growth of the gelling function.
By Application, the oil and gas segment holds the largest market share and is anticipated to dominate the market over the forecast period. The segment witnessed huge growth owing to the shale gas boom in the North American region. Also, the rise in drilling and exploration activities for the removal of technically recoverable resources in India, China, Algeria, and Argentina is expected to boost the demand for this segment in the upcoming years. The Food & beverage industry is expected to witness a rise in demand owing to the rising trend of consuming convenience, processed and organic foods.
By Grade, the industrial-grade segment is skyrocketing due to its various applications such as oil well drilling, oil recovery, water drilling, well fracturing, oil well stimulation, and geological drilling. Industrial grade also acts as a surfactant, synthetic polymer, and deformer in the oil and gas sector further boosting the growth of this segment. Additionally, the huge growth in oil recovery and drilling activities in the Middle Eastern and North American regions drives the demand for guar gum products for industrial use.
Regional Analysis Of Guar Gum Market:
The Asia Pacific dominates the market growth of Guar gum products in recent years and is estimated to witness huge demand in the forecasted period. The rapid development of the food & beverages and pharmaceutical industry is the major factor that drives the growth of the guar gum market in the Asia Pacific region. India is the major country that produces guar seeds and it accounts for 80% of the total guar produced all across the world. The favorable climatic conditions, availability of soil, land, and fertilizers are the key factors that influence the production of guar seeds in this region. Additionally, the initiatives taken by Government bodies in the country to support the large-scale export of guar gum are anticipated to boost the growth of the guar gum market in the forecasted years. Also, the awareness among consumers regarding the health benefits and the weight loss properties drive the market growth in the Asia Pacific region.
North America is the second-most dominating region of the guar gum market and is expected to be the fastest-growing owing to the adoption of oil well drilling and hydraulic cracking in the oil and gas industry. Furthermore, the initiatives taken by the United States government to strengthen exploration activities are anticipated to influence the market of guar gum positively. The US is the largest importer of guar gum and its products which propels the market growth. Also, the availability of plenty of oil and gas resources in this region drives rapid growth. The demand for natural additives, convenience, and processed foods among the population is fuelling the food-grade guar gum market in the North American region. In addition to this, the presence of major key players such as TIC Gums Inc., Penford Corporation, Ingredion, and Cargill in the region also cushions the rapid growth of the guar gum market.
Covid-19 impact Analysis On Guar Gum Market
The COVID-19 pandemic had a strong impact on numerous industries. Due to the global pandemic, many regions have imposed complete shutdown, social distancing, and lockdown guidelines. This had a direct impact on the market growth of global guar gum. The global guar gum market was in a slump, and there were no investments in guar gum products. Due to this, major key players have implemented different ideas and tactics to propel the reduced demand for guar gum products. In the current scenario, the global guar gum market is estimated to boost market growth during the forecast period. Also, the consistent growth in lifestyle and chronic disorders and increasing demand for medicines will sustain the requirement of guar gum in the pharmaceutical industry, in addition to the consumption from other applications like paper manufacturing, mining, oil and gas, and textile sector.
Top Key Players Covered In Guar Gum Market:
- E. I. DuPont de Nemours and Company (US)
- Cargill (US)
- Shree Ram Industries (India)
- Ingredion Incorporated (US)
- Ashland Inc. (US)
- Vikas WSP Limited (India)
- Hindustan Gums and Chemical Limited (India)
- Dabur India Ltd. (India)
- India Glycols Ltd. (India)
- Neelkanth Polymers (India)
- Lucid Group (India)
- Global Gums and Chemicals Pvt. Limited (Pakistan)
- Guangrao Liuhe Chemical Co. Ltd. (China)
- Jai Bharat Gums and Chemicals Ltd (India)
- Altrafine Gums (India) and other major players.
Key Industry Development In The Guar Gum Market
- In January 2023, Nexira, a leader in natural and botanical ingredients, introduced its latest range of efficient texturizers under the brand āNaltiveā. Naltive offers three major types of hydrocolloids, including tara gum, locust bean gum, and guar specialties, for plant-based and dairy applications.
- In December 2022, Solvay, a Belgian chemicals company, announced its latest partnership with Procter & Gamble (P&G), one of the biggest beauty companies, in its sustainable guar initiative farming program. With the help of this partnership, Solvay will be capable of increasing its impact by expanding its efforts to educate guar farmers, especially women farmers, regarding the knowledge and tools of good agricultural practices.
Global Guar Gum Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 601.89 Mn. |
Forecast Period 2024-32 CAGR: |
3.11% |
Market Size in 2032: |
USD 795.92 Mn. |
Segments Covered: |
By Function |
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By Application |
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By Grade |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Function
ā3.2 By Application
ā3.3 By Grade
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Guar Gum Market by Function
ā5.1 Guar Gum Market Overview Snapshot and Growth Engine
ā5.2 Guar Gum Market Overview
ā5.3 Gelling
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Gelling: Grographic Segmentation
ā5.4 Thickening
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Thickening: Grographic Segmentation
ā5.5 Binding
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2016-2028F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Binding: Grographic Segmentation
ā5.6 Friction Reducing
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2016-2028F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Friction Reducing: Grographic Segmentation
Chapter 6: Guar Gum Market by Application
ā6.1 Guar Gum Market Overview Snapshot and Growth Engine
ā6.2 Guar Gum Market Overview
ā6.3 Oil & Gas
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Oil & Gas: Grographic Segmentation
ā6.4 Food & Beverages
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Food & Beverages: Grographic Segmentation
ā6.5 Paper manufacturing
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2016-2028F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Paper manufacturing: Grographic Segmentation
ā6.6 Mining & Explosives
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2016-2028F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Mining & Explosives: Grographic Segmentation
ā6.7 Pharmaceuticals & Cosmetics
āā6.7.1 Introduction and Market Overview
āā6.7.2 Historic and Forecasted Market Size (2016-2028F)
āā6.7.3 Key Market Trends, Growth Factors and Opportunities
āā6.7.4 Pharmaceuticals & Cosmetics: Grographic Segmentation
Chapter 7: Guar Gum Market by Grade
ā7.1 Guar Gum Market Overview Snapshot and Growth Engine
ā7.2 Guar Gum Market Overview
ā7.3 Food
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2016-2028F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Food: Grographic Segmentation
ā7.4 Industrial
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2016-2028F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Industrial: Grographic Segmentation
ā7.5 Pharmaceutical
āā7.5.1 Introduction and Market Overview
āā7.5.2 Historic and Forecasted Market Size (2016-2028F)
āā7.5.3 Key Market Trends, Growth Factors and Opportunities
āā7.5.4 Pharmaceutical: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
ā8.1 Competitive Landscape
āā8.1.1 Competitive Positioning
āā8.1.2 Guar Gum Sales and Market Share By Players
āā8.1.3 Industry BCG Matrix
āā8.1.4 Ansoff Matrix
āā8.1.5 Guar Gum Industry Concentration Ratio (CR5 and HHI)
āā8.1.6 Top 5 Guar Gum Players Market Share
āā8.1.7 Mergers and Acquisitions
āā8.1.8 Business Strategies By Top Players
ā8.2 E. I. DUPONT DE NEMOURS AND COMPANY (US)
āā8.2.1 Company Overview
āā8.2.2 Key Executives
āā8.2.3 Company Snapshot
āā8.2.4 Operating Business Segments
āā8.2.5 Product Portfolio
āā8.2.6 Business Performance
āā8.2.7 Key Strategic Moves and Recent Developments
āā8.2.8 SWOT Analysis
ā8.3 CARGILL (US)
ā8.4 SHREE RAM INDUSTRIES (INDIA)
ā8.5 INGREDION INCORPORATED (US)
ā8.6 ASHLAND INC. (US)
ā8.7 VIKAS WSP LIMITED (INDIA)
ā8.8 HINDUSTAN GUMS AND CHEMICAL LIMITED (INDIA)
ā8.9 DABUR INDIA LTD. (INDIA)
ā8.10 INDIA GLYCOLS LTD. (INDIA)
ā8.11 NEELKANTH POLYMERS (INDIA)
ā8.12 LUCID GROUP (INDIA)
ā8.13 GLOBAL GUMS AND CHEMICALS PVT. LIMITED (PAKISTAN)
ā8.14 GUANGRAO LIUHE CHEMICAL CO. LTD. (CHINA)
ā8.15 JAI BHARAT GUMS AND CHEMICALS LTD (INDIA)
ā8.16 ALTRAFINE GUMS (INDIA)
ā8.17 OTHER MAJOR PLAYERS
Chapter 9: Global Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā9.1 Market Overview
ā9.2 Historic and Forecasted Market Size By Function
āā9.2.1 Gelling
āā9.2.2 Thickening
āā9.2.3 Binding
āā9.2.4 Friction Reducing
ā9.3 Historic and Forecasted Market Size By Application
āā9.3.1 Oil & Gas
āā9.3.2 Food & Beverages
āā9.3.3 Paper manufacturing
āā9.3.4 Mining & Explosives
āā9.3.5 Pharmaceuticals & Cosmetics
ā9.4 Historic and Forecasted Market Size By Grade
āā9.4.1 Food
āā9.4.2 Industrial
āā9.4.3 Pharmaceutical
Chapter 10: North America Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Function
āā10.4.1 Gelling
āā10.4.2 Thickening
āā10.4.3 Binding
āā10.4.4 Friction Reducing
ā10.5 Historic and Forecasted Market Size By Application
āā10.5.1 Oil & Gas
āā10.5.2 Food & Beverages
āā10.5.3 Paper manufacturing
āā10.5.4 Mining & Explosives
āā10.5.5 Pharmaceuticals & Cosmetics
ā10.6 Historic and Forecasted Market Size By Grade
āā10.6.1 Food
āā10.6.2 Industrial
āā10.6.3 Pharmaceutical
ā10.7 Historic and Forecast Market Size by Country
āā10.7.1 U.S.
āā10.7.2 Canada
āā10.7.3 Mexico
Chapter 11: Europe Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Function
āā11.4.1 Gelling
āā11.4.2 Thickening
āā11.4.3 Binding
āā11.4.4 Friction Reducing
ā11.5 Historic and Forecasted Market Size By Application
āā11.5.1 Oil & Gas
āā11.5.2 Food & Beverages
āā11.5.3 Paper manufacturing
āā11.5.4 Mining & Explosives
āā11.5.5 Pharmaceuticals & Cosmetics
ā11.6 Historic and Forecasted Market Size By Grade
āā11.6.1 Food
āā11.6.2 Industrial
āā11.6.3 Pharmaceutical
ā11.7 Historic and Forecast Market Size by Country
āā11.7.1 Germany
āā11.7.2 U.K.
āā11.7.3 France
āā11.7.4 Italy
āā11.7.5 Russia
āā11.7.6 Spain
āā11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Function
āā12.4.1 Gelling
āā12.4.2 Thickening
āā12.4.3 Binding
āā12.4.4 Friction Reducing
ā12.5 Historic and Forecasted Market Size By Application
āā12.5.1 Oil & Gas
āā12.5.2 Food & Beverages
āā12.5.3 Paper manufacturing
āā12.5.4 Mining & Explosives
āā12.5.5 Pharmaceuticals & Cosmetics
ā12.6 Historic and Forecasted Market Size By Grade
āā12.6.1 Food
āā12.6.2 Industrial
āā12.6.3 Pharmaceutical
ā12.7 Historic and Forecast Market Size by Country
āā12.7.1 China
āā12.7.2 India
āā12.7.3 Japan
āā12.7.4 Singapore
āā12.7.5 Australia
āā12.7.6 New Zealand
āā12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Function
āā13.4.1 Gelling
āā13.4.2 Thickening
āā13.4.3 Binding
āā13.4.4 Friction Reducing
ā13.5 Historic and Forecasted Market Size By Application
āā13.5.1 Oil & Gas
āā13.5.2 Food & Beverages
āā13.5.3 Paper manufacturing
āā13.5.4 Mining & Explosives
āā13.5.5 Pharmaceuticals & Cosmetics
ā13.6 Historic and Forecasted Market Size By Grade
āā13.6.1 Food
āā13.6.2 Industrial
āā13.6.3 Pharmaceutical
ā13.7 Historic and Forecast Market Size by Country
āā13.7.1 Turkey
āā13.7.2 Saudi Arabia
āā13.7.3 Iran
āā13.7.4 UAE
āā13.7.5 Africa
āā13.7.6 Rest of MEA
Chapter 14: South America Guar Gum Market Analysis, Insights and Forecast, 2016-2028
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Function
āā14.4.1 Gelling
āā14.4.2 Thickening
āā14.4.3 Binding
āā14.4.4 Friction Reducing
ā14.5 Historic and Forecasted Market Size By Application
āā14.5.1 Oil & Gas
āā14.5.2 Food & Beverages
āā14.5.3 Paper manufacturing
āā14.5.4 Mining & Explosives
āā14.5.5 Pharmaceuticals & Cosmetics
ā14.6 Historic and Forecasted Market Size By Grade
āā14.6.1 Food
āā14.6.2 Industrial
āā14.6.3 Pharmaceutical
ā14.7 Historic and Forecast Market Size by Country
āā14.7.1 Brazil
āā14.7.2 Argentina
āā14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Guar Gum Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 601.89 Mn. |
Forecast Period 2024-32 CAGR: |
3.11% |
Market Size in 2032: |
USD 795.92 Mn. |
Segments Covered: |
By Function |
|
|
By Application |
|
||
By Grade |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Guar Gum Market research report is 2024-2032.
E. I. DuPont de Nemours and Company (US), Cargill (US), Shree Ram Industries (India), Ingredion Incorporated (US), Ashland Inc. (US), and other major players.
The Guar Gum Market is segmented into Function, Application, Grade, and region. By Function, the market is categorized into Gelling, Thickening, Binding, and Friction Reducing. By Application, the market is categorized into Oil & Gas, Food & Beverages, Paper manufacturing, Mining & Explosives, and Pharmaceuticals & Cosmetics. By Grade, the market is categorized into Food grade, Industrial grade, and Pharmaceutical Grade. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Guar Gum is highly rich in Guar Gum also called Guaran, which is a free-flowing powder made from the legumes known as guar beans. Guar gum is used primarily in the food manufacturing industry, as they are thick and hold the ability to absorb water, forms a thickening gel, and helps in binding the food products.
Guar Gum Market size is projected to reach USD 792.92 Million by 2032 from an estimated USD 601.89 Million in 2023, growing at a CAGR of 3.11% globally, during the forecast period (2024-2032).