Guar Gum Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	180 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260663

Best Price Guarantee
Price	from $4,850
Length	180 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260663

Guar Gum Market

Growth Factors of Guar Gum Market

The guar gum market size was valued at USD 1.17 billion in 2023, and the market is now projected to grow from USD 1.25 billion in 2024 to USD 2.01 billion by 2032, exhibiting a CAGR of 7.05% during the forecast period of 2024-2032.

The guar gum was also not left behind by the shattering effects of the COVID-19 pandemic. Market disruptions, material shortages and transport limitations contributed to low guar production, and exports mainly from India. Another blower was decreased demand from oil and gas sector that applies guar gum in frocking processes. Nonetheless, the manufacturers continued to sell guar gum as thickening agents, which was a stable demand from the food industry. With the developing economy, the guar gum market is finding its ground even though there are some problems.

The eager in recent years towards the guar gum industry can be observed from its feeding application areas including in the food and beverages industries, which applies the gum as a thickening agent and stabilizer. Increase in the use of phyto-chemical and gluten free food has spread the usage of this compound in the food sector. Furthermore, guar gum is slowly finding its way in the pharmaceutical and cosmetics industry due to binding as well as emulsification. But instability in the demand from the oil and gas industry, where it acts as a fracking fluid has remained to be a reason impacting the market. Another emerging area of operation has also been seen in the area of sourcing in a sustainable manner. Thus, all the above mentioned factors are contributing towards the guar gum market growth.

Varieties of factors contribute to the growth of the guar gum market, of which the most important one is the application in the food industry as a natural thickener and stabilizer for both gluten-free and vegan products. Increasing usage from the pharmaceutical and cosmetic industries on its account of binding and emulsifying nature is also increasing the market’s growth. Also, the application of the substance in hydraulic fracturing of the oil and gas industry is also significant. Other drivers include manufacturing benefits, such as the ability to produce applications in a fewer number of stages and increasing consumer inclination towards clean-label and plant-based ingredients. Two recent trends related to guar crop growing and application have become significant: environmental sustainability and innovations.

Comprehensive Analysis Guar Gum Market

Guar gum is categorized into three grades: There are three broad categories namely the food grade chemicals, the industrial chemicals, and the pharmaceutical chemicals. The food grade guar gum is majorly applied in baking and confectionery products, dairy products and frozen foods, and in beverages in form of thickening and stabilization characteristics. Industrial grade guar gum is mainly used in the oil and gas industry for hydraulic fracturing in addition to other industries and textile industries. Pharmaceutical grade guar gum is tailored for the use in the pharmaceutical industries as it has application as a binder and emulsifying agent in formulation of drugs. All the grades are very crucial in improving quality of products across various sectors of the economy.

Asia Pacific especially India has the largest market share in guar gum, as it is one of the largest producer and exporter companies for this product. About 81% of global guar gum production takes place in this country. It is largely produced in Rajasthan and Gujarat. Moreover, favorable climate for agriculture coupled with well developed supply chain as players are established in India. And as world markets grow, yet again, India remains significant on the supply of growing global demand for guar gum.

Key players in this sector include Cargill Corporation (U.S.), Ingredion Incorporated (U.S.), ALTRAFINE GUMS (India), VIKAS WSP LTD. (India), NEELKANTH POLYMERS (India), ASHAPURA PROTEINS LTD. (India), Hindustan Gum & Chemicals Ltd. (India), Shree Ram India Gums (India)

In 2023, the market observed the shift in product trends in the guar gum market because of the tremendous changes in consumers’ preferences. There is however a major movement towards the use of guar gum in plant based and gluten free products, as people shift towards a healthier lifestyle. There is also increased demand for organic guar gum caused by the trend for clean label ingredients. Also, being environmentally friendly in growing crops and other raw materials they use is as important to the manufacturers. Pharmaceutical segment is actively looking at the opportunities of using guar gum in developing the formulations in the drug line making thus developing its function further.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.1% from 2023 to 2030

Unit Value (USD million)

Segmentation By Product Type, End-User, and Region

Segmentation By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)

U.S.
Canada

Europe (By Product Type, End-User and Country)

U.K.
Germany
France
Italy
Spain
Russia
BENELUX
Nordics
Rest of Europe

Asia Pacific (By Product Type, End-User and Country)

China
India
Japan
South Korea
ASEAN
Oceania
Rest of Asia Pacific

Middle East & Africa (By Product Type, End-User and Country)

Israel
Turkey
GCC
North Africa
South Africa
Rest of Middle East & Africa

South America (By Product Type, End-User and Country)

Brazil
Argentina
Rest of South America

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Supply Chain Analysis; 4.3. Regulatory Analysis; 4.4. Recent Industry Developments – Mergers & Acquisitions, Partnerships, & New Product Launches; 4.5. Qualitative Analysis Related to COVID-19; 4.5.1. Impact of COVID-19 on the Market; 4.5.2. Supply Chain Challenges amidst Pandemic; 4.5.3. Potential Opportunities due to this Global Crisis
5. Global Guar Gum Market Analysis, Insights and Forecast, 2017-2030: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Grade; 5.2.1.1. Food Grade; 5.2.1.2. Industrial Grade; 5.2.1.3. Pharmaceutical Grade; 5.2.2. By Application; 5.2.2.1. Food & Beverage; 5.2.2.1.1. Bakery & Confectionery; 5.2.2.1.2. Dairy & Frozen Food; 5.2.2.1.3. Beverages; 5.2.2.1.4. Others; 5.2.2.2. Oil & Gas; 5.2.2.3. Pharmaceuticals; 5.2.2.4. Textiles; 5.2.2.5. Others; 5.2.3. By Region; 5.2.3.1. North America; 5.2.3.2. Europe; 5.2.3.3. Asia Pacific; 5.2.3.4. Rest of the World
6. North America Guar Gum Market Analysis, Insights and Forecast, 2017-2030: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Grade; 6.2.1.1. Food Grade; 6.2.1.2. Industrial Grade; 6.2.1.3. Pharmaceutical Grade; 6.2.2. By Application; 6.2.2.1. Food & Beverage; 6.2.2.1.1. Bakery & Confectionery; 6.2.2.1.2. Dairy & Frozen Food; 6.2.2.1.3. Beverages; 6.2.2.1.4. Others
7. 6.2.2.2.: 7.1.; 7.1.1.; 7.1.1.1. Oil & Gas; 7.1.1.2. Pharmaceuticals; 7.1.1.3. Textiles; 7.1.1.4. Others; 7.1.2. By Country (Value); 7.1.2.1. U.S.; 7.1.2.1.1. By Application; 7.1.2.1.1.1. Food & Beverage; 7.1.2.1.1.1.1. Bakery & Confectionery; 7.1.2.1.1.1.2. Dairy & Frozen Food; 7.1.2.1.1.1.3. Beverages; 7.1.2.1.1.1.4. Others; 7.1.2.1.1.2. Oil & Gas; 7.1.2.1.1.3. Pharmaceuticals; 7.1.2.1.1.4. Textiles; 7.1.2.1.1.5. Others; 7.1.2.2. Canada; 7.1.2.2.1. By Application; 7.1.2.2.1.1. Food & Beverage; 7.1.2.2.1.1.1. Bakery & Confectionery; 7.1.2.2.1.1.2. Dairy & Frozen Food; 7.1.2.2.1.1.3. Beverages; 7.1.2.2.1.1.4. Others; 7.1.2.2.1.2. Oil & Gas; 7.1.2.2.1.3. Pharmaceuticals; 7.1.2.2.1.4. Textiles; 7.1.2.2.1.5. Others; 7.1.2.3. Mexico; 7.1.2.3.1. By Application; 7.1.2.3.1.1. Food & Beverage; 7.1.2.3.1.1.1. Bakery & Confectionery; 7.1.2.3.1.1.2. Dairy & Frozen Food; 7.1.2.3.1.1.3. Beverages; 7.1.2.3.1.1.4. Others; 7.1.2.3.1.2. Oil & Gas; 7.1.2.3.1.3. Pharmaceuticals; 7.1.2.3.1.4. Textiles; 7.1.2.3.1.5. Others
8. Europe Guar Gum Market Analysis, Insights and Forecast, 2017-2030: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Grade; 8.2.1.1. Food Grade; 8.2.1.2. Industrial Grade; 8.2.1.3. Pharmaceutical Grade; 8.2.2. By Application; 8.2.2.1. Food & Beverage; 8.2.2.1.1. Bakery & Confectionery; 8.2.2.1.2. Dairy & Frozen Food; 8.2.2.1.3. Beverages; 8.2.2.1.4. Others; 8.2.2.2. Oil & Gas; 8.2.2.3. Pharmaceuticals; 8.2.2.4. Textiles; 8.2.2.5. Others; 8.2.3. By Country (Value); 8.2.3.1. Germany; 8.2.3.1.1. By Application; 8.2.3.1.1.1. Food & Beverage; 8.2.3.1.1.1.1. Bakery & Confectionery; 8.2.3.1.1.1.2. Dairy & Frozen Food; 8.2.3.1.1.1.3. Beverages; 8.2.3.1.1.1.4. Others; 8.2.3.1.1.2. Oil & Gas; 8.2.3.1.1.3. Pharmaceuticals; 8.2.3.1.1.4. Textiles; 8.2.3.1.1.5. Others; 8.2.3.2. Russia; 8.2.3.2.1. By Application; 8.2.3.2.1.1. Food & Beverage; 8.2.3.2.1.1.1. Bakery & Confectionery; 8.2.3.2.1.1.2. Dairy & Frozen Food; 8.2.3.2.1.1.3. Beverages; 8.2.3.2.1.1.4. Others; 8.2.3.2.1.2. Oil & Gas; 8.2.3.2.1.3. Pharmaceuticals; 8.2.3.2.1.4. Textiles; 8.2.3.2.1.5. Others; 8.2.3.3. U.K.; 8.2.3.3.1. By Application; 8.2.3.3.1.1. Food & Beverage; 8.2.3.3.1.1.1. Bakery & Confectionery; 8.2.3.3.1.1.2. Dairy & Frozen Food; 8.2.3.3.1.1.3. Beverages; 8.2.3.3.1.1.4. Others; 8.2.3.3.1.2. Oil & Gas; 8.2.3.3.1.3. Pharmaceuticals; 8.2.3.3.1.4. Textiles; 8.2.3.3.1.5. Others; 8.2.3.4. Spain; 8.2.3.4.1. By Application; 8.2.3.4.1.1. Food & Beverage; 8.2.3.4.1.1.1. Bakery & Confectionery; 8.2.3.4.1.1.2. Dairy & Frozen Food; 8.2.3.4.1.1.3. Beverages; 8.2.3.4.1.1.4. Others; 8.2.3.4.1.2. Oil & Gas; 8.2.3.4.1.3. Pharmaceuticals; 8.2.3.4.1.4. Textiles; 8.2.3.4.1.5. Others; 8.2.3.5. Italy; 8.2.3.5.1. By Application; 8.2.3.5.1.1. Food & Beverage; 8.2.3.5.1.1.1. Bakery & Confectionery; 8.2.3.5.1.1.2. Dairy & Frozen Food; 8.2.3.5.1.1.3. Beverages; 8.2.3.5.1.1.4. Others; 8.2.3.5.1.2. Oil & Gas; 8.2.3.5.1.3. Pharmaceuticals; 8.2.3.5.1.4. Textiles; 8.2.3.5.1.5. Others; 8.2.3.6. Rest of Europe; 8.2.3.6.1. By Application; 8.2.3.6.1.1. Food & Beverage; 8.2.3.6.1.1.1. Bakery & Confectionery; 8.2.3.6.1.1.2. Dairy & Frozen Food; 8.2.3.6.1.1.3. Beverages; 8.2.3.6.1.1.4. Others; 8.2.3.6.1.2. Oil & Gas; 8.2.3.6.1.3. Pharmaceuticals; 8.2.3.6.1.4. Textiles; 8.2.3.6.1.5. Others
9. Asia Pacific Guar Gum Market Analysis, Insights and Forecast, 2017-2030: 9.1. Key Findings / Summary; 9.2. Market Size Estimates and Forecast; 9.2.1. By Grade; 9.2.1.1. Food Grade; 9.2.1.2. Industrial Grade; 9.2.1.3. Pharmaceutical Grade; 9.2.2. By Application; 9.2.2.1. Food & Beverage; 9.2.2.1.1. Bakery & Confectionery; 9.2.2.1.2. Dairy & Frozen Food; 9.2.2.1.3. Beverages; 9.2.2.1.4. Others; 9.2.2.2. Oil & Gas; 9.2.2.3. Pharmaceuticals; 9.2.2.4. Textiles; 9.2.2.5. Others; 9.2.3. By Country (Value); 9.2.3.1. China; 9.2.3.1.1. By Application; 9.2.3.1.1.1. Food & Beverage; 9.2.3.1.1.1.1. Bakery & Confectionery; 9.2.3.1.1.1.2. Dairy & Frozen Food; 9.2.3.1.1.1.3. Beverages; 9.2.3.1.1.1.4. Others; 9.2.3.1.1.2. Oil & Gas; 9.2.3.1.1.3. Pharmaceuticals; 9.2.3.1.1.4. Textiles; 9.2.3.1.1.5. Others; 9.2.3.2. India; 9.2.3.2.1. By Application; 9.2.3.2.1.1. Food & Beverage; 9.2.3.2.1.1.1. Bakery & Confectionery; 9.2.3.2.1.1.2. Dairy & Frozen Food; 9.2.3.2.1.1.3. Beverages; 9.2.3.2.1.1.4. Others; 9.2.3.2.1.2. Oil & Gas; 9.2.3.2.1.3. Pharmaceuticals; 9.2.3.2.1.4. Textiles; 9.2.3.2.1.5. Others; 9.2.3.3. Japan; 9.2.3.3.1. By Application; 9.2.3.3.1.1. Food & Beverage; 9.2.3.3.1.1.1. Bakery & Confectionery; 9.2.3.3.1.1.2. Dairy & Frozen Food; 9.2.3.3.1.1.3. Beverages; 9.2.3.3.1.1.4. Others; 9.2.3.3.1.2. Oil & Gas; 9.2.3.3.1.3. Pharmaceuticals; 9.2.3.3.1.4. Textiles; 9.2.3.3.1.5. Others; 9.2.3.4. Australia; 9.2.3.4.1. By Application; 9.2.3.4.1.1. Food & Beverage; 9.2.3.4.1.1.1. Bakery & Confectionery; 9.2.3.4.1.1.2. Dairy & Frozen Food; 9.2.3.4.1.1.3. Beverages; 9.2.3.4.1.1.4. Others; 9.2.3.4.1.2. Oil & Gas; 9.2.3.4.1.3. Pharmaceuticals; 9.2.3.4.1.4. Textiles; 9.2.3.4.1.5. Others; 9.2.3.5. Rest of Asia Pacific; 9.2.3.5.1. By Application; 9.2.3.5.1.1. Food & Beverage; 9.2.3.5.1.1.1. Bakery & Confectionery; 9.2.3.5.1.1.2. Dairy & Frozen Food; 9.2.3.5.1.1.3. Beverages; 9.2.3.5.1.1.4. Others; 9.2.3.5.1.2. Oil & Gas; 9.2.3.5.1.3. Pharmaceuticals; 9.2.3.5.1.4. Textiles; 9.2.3.5.1.5. Others
10. Rest of the World Guar Gum Market Analysis, Insights and Forecast, 2017-2030: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Grade; 10.2.1.1. Food Grade; 10.2.1.2. Industrial Grade; 10.2.1.3. Pharmaceutical Grade; 10.2.2. By Application; 10.2.2.1. Food & Beverage; 10.2.2.1.1. Bakery & Confectionery; 10.2.2.1.2. Dairy & Frozen Food; 10.2.2.1.3. Beverages; 10.2.2.1.4. Others; 10.2.2.2. Oil & Gas; 10.2.2.3. Pharmaceuticals; 10.2.2.4. Textiles; 10.2.2.5. Others; 10.2.3. By Country (Value); 10.2.3.1. Saudi Arabia; 10.2.3.1.1. By Application; 10.2.3.1.1.1. Food & Beverage; 10.2.3.1.1.1.1. Bakery & Confectionery; 10.2.3.1.1.1.2. Dairy & Frozen Food; 10.2.3.1.1.1.3. Beverages; 10.2.3.1.1.1.4. Others; 10.2.3.1.1.2. Oil & Gas; 10.2.3.1.1.3. Pharmaceuticals; 10.2.3.1.1.4. Textiles; 10.2.3.1.1.5. Others; 10.2.3.2. Brazil; 10.2.3.2.1. By Application; 10.2.3.2.1.1. Food & Beverage; 10.2.3.2.1.1.1. Bakery & Confectionery; 10.2.3.2.1.1.2. Dairy & Frozen Food; 10.2.3.2.1.1.3. Beverages; 10.2.3.2.1.1.4. Others; 10.2.3.2.1.2. Oil & Gas; 10.2.3.2.1.3. Pharmaceuticals; 10.2.3.2.1.4. Textiles; 10.2.3.2.1.5. Others; 10.2.3.3. Rest of RoW; 10.2.3.3.1. By Application; 10.2.3.3.1.1. Food & Beverage; 10.2.3.3.1.1.1. Bakery & Confectionery; 10.2.3.3.1.1.2. Dairy & Frozen Food; 10.2.3.3.1.1.3. Beverages; 10.2.3.3.1.1.4. Others; 10.2.3.3.1.2. Oil & Gas; 10.2.3.3.1.3. Pharmaceuticals; 10.2.3.3.1.4. Textiles; 10.2.3.3.1.5. Others
11. Competitive Matrix: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Guar Gum Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2022
12. Company Profiles: 12.1. Cargill Corporation; 12.1.1. Overview; 12.1.2. Description; 12.1.3. Product Portfolio; 12.1.4. Financials (Data as available in public domain and/or on paid databases); 12.1.5. Recent Developments; 12.2. Ingredion Incorporated; 12.2.1. Overview; 12.2.2. Description; 12.2.3. Product Portfolio; 12.2.4. Financials (Data as available in public domain and/or on paid databases); 12.2.5. Recent Developments; 12.3. ALTRAFINE GUMS; 12.3.1. Overview; 12.3.2. Description; 12.3.3. Product Portfolio; 12.3.4. Financials (Data as available in public domain and/or on paid databases); 12.3.5. Recent Developments; 12.4. VIKAS WSP LTD.; 12.4.1. Overview; 12.4.2. Description; 12.4.3. Product Portfolio; 12.4.4. Financials (Data as available in public domain and/or on paid databases); 12.4.5. Recent Developments; 12.5. Shree Ram Industries; 12.5.1. Overview; 12.5.2. Description; 12.5.3. Product Portfolio; 12.5.4. Financials (Data as available in public domain and/or on paid databases); 12.5.5. Recent Developments; 12.6. LUCID GROUP; 12.6.1. Overview; 12.6.2. Description; 12.6.3. Product Portfolio; 12.6.4. Financials (Data as available in public domain and/or on paid databases); 12.6.5. Recent Developments; 12.7. NEELKANTH POLYMERS; 12.7.1. Overview; 12.7.2. Description; 12.7.3. Product Portfolio; 12.7.4. Financials (Data as available in public domain and/or on paid databases); 12.7.5. Recent Developments; 12.8. India Glycols Ltd.,; 12.8.1. Overview; 12.8.2. Description; 12.8.3. Product Portfolio; 12.8.4. Financials (Data as available in public domain and/or on paid databases); 12.8.5. Recent Developments; 12.9. Hindustan Chemicals & Gums; 12.9.1. Overview; 12.9.2. Description; 12.9.3. Product Portfolio; 12.9.4. Financials (Data as available in public domain and/or on paid databases); 12.9.5. Recent Developments; 12.10. ASHAPURA PROTEINS LTD.; 12.10.1. Overview; 12.10.2. Description; 12.10.3. Product Portfolio; 12.10.4. Financials (Data as available in public domain and/or on paid databases); 12.10.5. Recent Developments
13. Appendix