Report Id: SNS/F&B/1394 | May 2022 | Region: Global | 130 Pages
Guar Gum Market Overview:
The Guar Gum Market Size was valued at USD 0.99 billion in 2021 to develop at a CAGR of 6.8% from 2022 to 2028, to arrive at USD 1.82 billion by 2028.
Guar Black is referred to as Guar Gum as another option. It is a plentiful wellspring of top-notch galacto met polysaccharides. It is acquired from guar seeds. Sow seeds are dried in the sun and afterward isolated and handled into flour known as guar gum powder. Guar elastic allotments are likewise utilized in numerous different ventures. Nonetheless, guar dark is handled by the prerequisites of the eventual outcome.
Guar gum powder is more focused than cornstarch. Thusly, it is generally utilized as a thickener, plasticizer, and fastener. It has an innate capacity to tie water atoms and is effectively dissolvable in water. Guar or guarlan gum is produced using soybeans and is utilized in different businesses because of its thickening and balancing-out properties. The seeds are stripped, sieved, and squashed to acquire an item. It is delivered as a whitish, free-streaming powder and is named galactomannan. These are polysaccharides, mixtures of sugar galactose and mannose, and have a higher dissolvability than grasshopper bean gum. They are entirely steady in the pH scope of 5-7.
Developing mindfulness among customers about wellbeing and nourishment.
Guar gum is widely utilized as an emulsifying specialist and restricting specialist in the food business.
Expanded utilization of accommodation food.
The developing interest for guar gum in the oil and gas industry.
Unpredictability guar costs and accessibility.
Impact of Covid-19:
Guar gum costs have fallen 13% in the previous month as the ascent in Covid-19 cases has hit interest from the oil investigation area in North America and China as well as the food handling area in Europe.
Costs have tumbled to Rs 59 for each kg from Rs 68 for every kg in a month as request divided.
Key Market Segmentation:
Friction Reducing Agent
By End Users:
Food & Beverage
Bakery & Confectionery Products
Dairy & Frozen Products
Sauces & Dressings
Mining & Explosives
Paper & Pulp Manufacturing
Oil & Gas
By Food & Beverage Application:
Bakery & Confectionery Products
Dairy & Frozen Products
Sauces & Dressings
Given the capacity, the gelling fragment is expected to develop at a higher CAGR in the worldwide guar gum market attributable to its capacity to go about as a gelling specialist in deep oil drilling liquid organization and its wide application in private consideration and drug items.
Based on the grade, the Industrial-Grade section is anticipated to witness a higher CAGR because of the sped-up utilization of guar gum in different modern verticals, for example, oil well boring, water penetrating, and topographical boring. Moreover, modern grade guar gum is additionally utilized in mining, material, explosives, and paper-producing businesses.
In light of the application, the Oil and Gas application is supposed to overwhelm the worldwide guar gum market because of the shale gas blast in the North American area. Besides, the modern grade is broadly utilized in the different oil and gas industries, for example, oil well feeling, oil well breaking, and oil recuperation that are utilized to fill numerous needs, for example, upgrading steadiness against temperature and decreasing water versatility.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
In light of the area, the North American locale is projected to develop at a higher CAGR during the estimated time frame credited to serious areas of strength for the regularly added substances and handled food among purchasers. Besides, expanding requests from the oil and gas industry for water-powered cracking will additionally drive the market development of this district. A few vital participants are catching the significant offer in the North America area incorporating Cargill, Incorporated, Ingredion Incorporated, and Ashland Inc. Then again, the Asia-Pacific locale is expected to lead the worldwide guar gum market because of the fast industrialization and developing food and refreshment industry in arising economies like India and China on the lookout.
AI Bharat Gum, Vikas Wsp, Hindustan Gums, Shree Ram Gum, Cargill Inc, Lucid Group, Ashland Inc., Supreme Gums Pvt. Ltd, India Glycols Ltd, Rama Industries, And Lamberti Availability Services
|Market Size in 2021||US$ 0.99 Billion|
|Market Size by 2028||US$ 1.82 Billion|
|CAGR||CAGR 6.8% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Function (Thickening, Gelling, Binding, Friction Reducing)
• by Application (Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics)
• by food and beverage application (bakery & confectionery products, Dairy & frozen products, Beverages, Sauces & dressings, Others)
• by Grade (Food-grade, Industrial-grade, Pharmaceutical-grade)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||AI Bharat Gum, Vikas Wsp, Hindustan Gums, Shree Ram Gum, Cargill Inc, Lucid Group, Ashland Inc., Supreme Gums Pvt. Ltd, India Glycols Ltd, Rama Industries, And Lamberti Availability Services|
|Key Drivers||•Developing mindfulness among customers about wellbeing and nourishment.|
|Restraints||•There is an absence of general R&D offices zeroed in on the guar business.
•Not well-trained human resources engaged in the guar gum industry.
Frequently Asked Questions (FAQ) :
Ans: Function, End Users, Grade, and Food & Beverage Application segments are covered in the Guar Gum Market.
Ans: North American region has the biggest offer in the Guar Gum market.
Ans: The base year calculated in the Guar Gum Market report is 2021.
Ans: There is an absence of general R&D offices zeroed in on the guar business and unpredictability of guar costs and accessibility are the restrains/challenges faced by the Guar Gum market.
Ans: The Global guar gum market is projected to be USD 995 million in 2021.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Guar Gum market segmentation, by Function
8.1 Thickening Agent
8.2 Gelling Agent
8.3 Binding Agent
8.4 Friction Reducing Agent
9. Global Guar Gum market segmentation, by End Users
9.1 Food & Beverage
9.2 Bakery & Confectionery Products
9.3 Dairy & Frozen Products
9.5 Sauces & Dressings
9.6.3 Mining & Explosives
9.6.4 Paper & Pulp Manufacturing
9.6.5 Oil & Gas
10. Global Guar Gum market segmentation, By Grade
11. Global Guar Gum market segmentation, By Food & Beverage Application
11.1 Bakery & Confectionery Products
11.3 Dairy & Frozen Products
11.5 Sauces & Dressings.
12. Global Guar Gum market, by region/ country
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company profiles
13.1 AI Bharat Gum
13.1.2 Products/ Services Offered
13.1.3 Swot Analysis
13.1.4 The SNS View
13.2 Vikas Wsp
13.3 Hindustan Gums
13.4 Shree Ram Gum
13.5 Cargill Inc
13.6 Lucid Group
13.7 Ashland Inc.
13.8 Supreme Gums Pvt. Ltd
13.9 India Glycols Ltd
13.10 Rama Industries
13.11 Lamberti Availability Services
14. Competitive Landscape
14.1 Competitive Bench Marking
14.2 Market Share Analysis
14.3 Recent Developments
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