Global Guar Gum Market 2020 Expeditious Growth, Opportunities and forecast to 2023
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 industry 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 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