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Guar Gum Market

Guar Gum Market Size, Share & Segmentation 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), by Regions and Global Market Forecast 2022-2028

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 Market Revenue Graph

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 & Frozen Products

  • Beverages

  • Sauces & Dressings

  • Others

    • Pharmaceuticals

    • Cosmetics

    • Mining & Explosives

    • Paper & Pulp Manufacturing

    • Oil & Gas

    • Others

By Grade:

  • Food

  • Industrial

  • Pharmaceutical

By Food & Beverage Application:

  • Bakery & Confectionery Products

  • Beverages

  • Dairy & Frozen Products

  • Others

  • Sauces & Dressings

Guar Gum Market Segment Chart

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:

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

Guar Gum Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 0.99 Billion
Market Size by 2028 US$ 1.82 Billion
CAGR CAGR 6.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. 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 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

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. Global Guar Gum market segmentation, By Food & Beverage Application

11.1 Bakery & Confectionery Products

11.2 Beverages

11.3 Dairy & Frozen Products

11.4 Others

11.5 Sauces & Dressings.

 

12. Global Guar Gum market, by region/ country

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company profiles

13.1 AI Bharat Gum

13.1.1 Financial

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

 

15. Conclusion

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Secondary Research

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