Guar gum market Size Global Market Requirements, Growth, Future Opportunities, Top Key Players and Forecast to 2027

 Market Overview:

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 Size 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 Size 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.

The Global Guar gum market Size 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.

Key Players

Some of the key players in the global guar gum market Size 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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Market Segmentation

The Global Guar gum market Size has been segmented on the basis of type, function, application, and region.

The Global Guar gum market Size has been divided, by type, into food grade, industrial grade, and others.

Based on function, the Global Guar gum market Size has been segregated into thickening, gelling, binding, and others.

By application, the Global Guar gum market Size 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.

Regional Segmentation

The Global Guar gum market Size 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 Size 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 Size in North America.

Asia-Pacific guar gum market Size 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.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

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