Guar Gum Market Overview:
Guar Gum Market Size was valued at USD 1.05 billion in 2022 to develop at a CAGR of 6.8% from 2023 to 2030, to arrive at USD 1.78 billion by 2030.
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.
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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.
Market Dynamics:
Driving Factors:
Developing mindfulness among customers about wellbeing and nourishment.
Guar gum is widely utilized as an emulsifying specialist and restricting specialist in the food business.
Restraining Factors:
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.
Opportunities:
Expanded utilization of accommodation food.
The developing interest for guar gum in the oil and gas industry.
Challenges:
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:
By Function:
Thickening Agent
Gelling Agent
Binding Agent
Friction Reducing Agent
Others
By End Users:
Food & Beverage
Bakery & Confectionery Products
Dairy Products & Frozen Products
Beverages
Sauces & Dressings
Others (Pharmaceuticals, Cosmetics, Mining & Explosives, Paper & Pulp Manufacturing, Oil & Gas, Others)
By Grade:
Food
Industrial
Pharmaceutical
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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.
Regional Analysis:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
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.
Key Players:
Cargill Inc, AI Bharat Gum, Vikas Wsp, Hindustan Gums, Shree Ram Gum, Lucid Group, Ashland Inc., Supreme Gums Pvt. Ltd, India Glycols Ltd, Rama Industries, And Lamberti Availability Services
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.05 Billion |
| Market Size by 2030 | US$ 1.78 Billion |
| CAGR | CAGR 6.8% From 2023 to 2030 |
| 0Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
8.5 Others
9. Global Guar Gum market segmentation, by End Users
9.1 Food & Beverage
9.2 Bakery & Confectionery Products
9.3 Dairy & Frozen Products
9.4 Beverages
9.5 Sauces & Dressings
9.6 Others
9.6.1 Pharmaceuticals
9.6.2 Cosmetics
9.6.3 Mining & Explosives
9.6.4 Paper & Pulp Manufacturing
9.6.5 Oil & Gas
9.6.6 Others
10. Global Guar Gum market segmentation, By Grade
10.1 Food
10.2 Industrial
10.3 Pharmaceutical
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 AI Bharat Gum
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 Vikas Wsp
12.3 Hindustan Gums
12.4 Shree Ram Gum
12.5 Cargill Inc
12.6 Lucid Group
12.7 Ashland Inc.
12.8 Supreme Gums Pvt. Ltd
12.9 India Glycols Ltd
12.10 Rama Industries
12.11 Lamberti Availability Services
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Cases and Case Study
15. Conclusion
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