Global Guar Gum Powder Market Report and Forecast 2023-2028

Global Guar Gum Powder Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global guar gum powder market reached a volume of 895.12 Thousand Tons in 2022. Aided by the rising demand for natural thickening agents in the food industry and its burgeoning application across diverse sectors, the market is projected to further grow at a CAGR of 1.8% between 2023 and 2028 to reach a volume of 996.25 Thousand Tons by 2028.

Guar gum, an extract from the guar bean, acts as a potent stabiliser, thickener, and emulsifier, and has been traditionally incorporated in a wide range of food products, including ice creams, baked goods, dairy products, and sauces. Its unique ability to bind water molecules makes it an essential ingredient in hydraulic fracturing in the oil and gas industry. Beyond its food and industrial applications, guar gum has also been recognised for its potential health benefits, including aiding in digestion, managing blood sugar levels, and reducing cholesterol.

A leading driver of the global guar gum powder market growth is its escalating demand in the food and beverage industry. As consumers become more health-conscious and inclined toward natural and organic food products, the demand for guar gum as a natural additive has surged. This is due to its ability to improve the texture, shelf life, and consistency of various food items without the introduction of synthetic chemicals.

Additionally, the oil and gas sector is significantly influencing the guar gum powder market demand. The substance plays an irreplaceable role in hydraulic fracturing or fracking processes, where it helps in the suspension of sand in the fracturing fluid, enhancing the extraction efficiency.

In the pharmaceutical world, guar gum has made notable inroads as well. Leveraging its property as a binder, it's now routinely used in drug delivery mechanisms. The substance aids in controlling the release of drugs, ensuring that medicines are administered effectively and efficiently. As per the guar gum powder market analysis, the cosmetic and personal care industry is utilising guar gum for its superior conditioning and smoothening properties, making it a staple in products such as conditioners, lotions, and creams.

One more avenue showcasing the versatility of guar gum is its use in the textile industry. As a sizing agent, guar gum lends fabrics enhanced finish, increased strength, and a smoother feel. Its application in this sector underscores its versatility and wide-ranging appeal and further adds value to guar gum powder market size.

Market Segmentation

The market can be divided based on grade, function, end use, and region.

Market Breakup by Grade

• Food-Grade
• Industrial-Grade
• Pharmaceutical-Grade

Market Breakup by Function

• Thickening
• Gelling
• Binding
• Friction Reducing
• Others

Market Breakup by End Use

• Oil Drilling
• Food Industry
• Paper and Textile
• Pharmaceuticals
• Cosmetics
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global guar gum powder market. Some of the major players explored in the report by Expert Market Research are as follows:

• SNP, Inc.
• Agro Gums
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.