Global Guar Gum Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global guar gum market in its upcoming report titled, “Global Guar Gum Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global guar gum market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global guar gum market report has been segmented on the basis of grade, function, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Guar gum, also known as guaran, is a novel agrochemical obtained from guar beans. Guar gum has excellent thickening and stabilizing properties, owing to which it is used for various food and industrial applications.
Increasing demand for guar gum from food & beverages and oil & gas industries is a major factor driving growth of the global guar gum market. In addition, increasing demand for processed food and convenience food is another factor expected to further fuel growth of the global market to a significant extent over the forecast period. Moreover, increasing oil well drilling projects across the globe is another factor further boosting demand for guar gum in the global market.
Availability of substitutes such as psyllium fiber, chia seeds, xanthan gum, etc. is a major factor restraining growth of the global guar gum market. In addition, fluctuating prices of guar due to dependability of guar production on climatic variations and also on crude oil price is another factor expected to hamper growth of the global market.
The North America market dominates the global guar gum market in terms of revenue and is expected to maintain its dominance over the forecast period. Rapid development in oil & gas industry and government support for various exploration activities are major factors driving growth of the North America guar gum market. The Europe Market accounts for second highest share in terms of revenue in the global market. The Europe guar gum market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. Increasing demand from food & beverages industry is a key factor driving Europe guar gum market. The Asia Pacific guar gum market is expected to witness highest growth in the global market and is projected to register a CAGR of XX.X% over the next 10 years.
Global guar gum market segmentation:
Segmentation on the basis of grade:
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Segmentation on the basis of function:
- Stabilizer & Emulsifier
- Thickening & Gelling Agent
- Friction Reducer
Segmentation on the basis of application:
- Oil & Gas
- Food & Beverage
- Pharmaceuticals & Cosmetics
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- I. Dupont De Nemours and Company
- Ingredion Incorporated
- Ashland Inc.
- Vikas WSP Ltd.
- Hindustan Gums and Chemical Limited
- Dabur India Ltd
- India Glycols Ltd
- Neelkanth Polymers
- Lucid Group
- Global Gums and Chemicals Pvt. Ltd
- Guangrao Liuhe Chemical Co., Ltd.
- Supreme Gums Private Limited
- Ruchi Soya Industries Limited
- Rama Gum Industries
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