Guar Gum Market Growth Regional Analysis, Key Players, Opportunities and Forecast to 2027
Market Highlights:
Guar gum is a natural gum obtained from guar beans. It is witnessing an
increasing application scope in various industries such as food &
beverages, personal care, pharmaceuticals, mining, oil & gas, feed,
explosives and others. The stabilizing and thickening properties of guar gum
are the major determinants that are surging its demand in various industries.
It is a gluten-free product that is gaining demand in food and beverages
industry as a natural additive to replace gluten-based products.
Based on type, the global Guar Gum Market analysis has been segmented
into food grade, industrial grade, and others. The industrial grade segment is
anticipated to gain the largest revenue share in the global Guar Gum Market
analysis due to its increasing application in vast industries such as oil &
gas, mining, explosives, cosmetics, pharmaceuticals, and others. However, the
food grade segment is expected to grow with the highest CAGR due to the surging
demand of guar gum from food & beverage manufacturers, and emergence of
convenient substitutes of guar gum in industrial applications.
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The Global Guar Gum Market analysis has been segregated, by function,
into thickening, gelling, binding, and others. Owing to the multifunctional
properties of guar gum the thickening, gelling, and binding segments are all
expected to gain significant share in the global market.
Based on application, the Global Guar Gum Market has been segmented into
food & beverages, pharmaceuticals, personal care, oil & gas, and
others. The food & beverages segment is further segregated into bakery
& confectionary, dairy & frozen desserts, beverages, convenience food,
and others. The oil & gas segment is expected to garner the largest market
share during the review period due to the multifunctional properties of guar
gum such as gelling, friction reducing, and thickening. The increasing shale
gas production in the US and the rising number of oil well drilling projects
are boosting the demand of guar gum in the oil & gas industry. However, the
adoption of slick water as a fracturing material while drilling of oil wells is
emerging as a major challenge in the market.
Regional Analysis:
The Global Guar Gum Market has been segmented by region, into North
America, Europe, Asia-Pacific, and Rest of the World.
North America is projected to dominate the global Guar Gum Market
analysis owing to the rising demand for convenience food in the region.
Moreover, the surging demand for natural food and rising incidences of gluten
intolerance are also driving the growth of Guar Gum Market analysis in North
America.
Asia-Pacific Guar Gum Market is anticipated to grow with the highest
CAGR during the forecast period owing to the increasing production and
consumption of guar gum in the region. In addition, the changing lifestyle of
people, adoption of a healthy diet, and growing preference towards convenience
foods is propelling the food and beverage manufacturers in Asia-Pacific to guar
gum as a food additive.
Segmentation:
The Global Guar Gum
Market has been segmented on the basis of type, function, application, and
region.
The Global Guar Gum Market analysis has been
divided, by type, into food grade, industrial grade, and others.
Based on function, the Global Guar Gum Market analysis has been
segregated into thickening, gelling, binding, and others.
By application, the Global Guar Gum Market analysis is bifurcated into
food & beverages, pharmaceuticals, personal care, oil & gas, and
others. The food & beverages segment is further segregated into bakery
& confectionary, dairy & frozen desserts, beverages, convenience food,
and others.
Key Players:
Some of the key players in the global Guar Gum Market analysis are
Hindustan Gums & Chemicals Ltd. (India), DuPont (US), Dabur India Ltd (India),
Lucid Colloids Ltd. (India), Supreme Gums Pvt. Ltd. (India), India Glycols
Limited (India), Vikas WSP (India), Rama Gum Industries Limited (India),
Altrafine Gums (India), Cargill, Incorporated (US), Jai Bharat Gum &
Chemicals LTD (India), Global Gums & Chemicals (Pakistan), Ashland (US),
Ingredion Inc. (US), and Guangrao Liuhe Chemical Co., Ltd. (China).
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Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
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