Guar Gum Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Guar Gum Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global guar gum powder market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028. The rising prevalence of convenience and ready-to-eat (RTE) food items, increasing adoption in pharmaceuticals, and the growing usage of industrial-grade product variants represent some of the key factors driving the market.

Guar gum powder is a natural food ingredient extracted from the seeds of the guar plant. It is a white and yellowish soluble fiber that absorbs water and forms a gel-like substance and has thickening properties. It is also resistant to heat, pH changes, and enzymatic degradation and widely used as a stabilizing and binding agent in a wide range of food products, such as sauces, dressings, soups, ice cream, baked goods, and beverages. Apart from this, it is utilized as a sizing agent and thickener in textile printing, dyeing processes, and hydraulic fracturing fluids used in oil and gas exploration. It is also employed in animal feed formulations and works as a disintegrant and controlled release agent in medicines. Gaur gum powder is used in numerous personal care products, such as lotions, creams, and shampoos. At present, it is available as food-grade, industrial-grade, and pharmaceutical-grade across the globe.

Guar Gum Powder Market Trends:

At present, the growing working population and the escalating demand for convenience food and ready-to-eat (RTE) items represent one of the key factors positively influencing the market across the globe. In addition, sedentary lifestyles and the increasing prevalence of constipation, diarrhea, irritable bowel syndrome (IBS), high cholesterol, and hypertension are catalyzing the demand for gaur gum powder in the pharmaceutical industry. Guar gum powder is a natural and biodegradable product that is obtained from a renewable source, which makes it an attractive option for consumers who are shifting towards sustainable and eco-friendly products. Moreover, governments of various countries are mandating the use of natural and eco-friendly products across various industries, which is strengthening the growth of the market worldwide. Apart from this, increasing investments in research and development (R&D) activities for introducing gaur gum powder in 3D printing as a binder due to its adhesive and thickening properties. Additionally, gaur gum powder is compatible with a variety of printing technologies, such as fused deposition modeling (FDM) and selective laser sintering (SLS), and mixed with a variety of materials like metals, plastics, and ceramics for creating 3D printed objects, which is fueling the growth of the market around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global guar gum powder market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on grade, function and end use industry.

Grade Insights:

Food-Grade
Industrial-Grade
Pharmaceutical-Grade

The report has provided a detailed breakup and analysis of the guar gum powder market based on the grade. This includes food-grade, industrial-grade, and pharmaceutical-grade.

Function Insights:

Thickening
Gelling
Binding
Friction Reducing
Other Functions

A detailed breakup and analysis of the guar gum powder market based on the function has also been provided in the report. This includes thickening, gelling, binding, friction reducing, and other functions.

End Use Industry Insights:

Oil Drilling
Food Industry
Paper and Textile
Pharmaceuticals
Cosmetics
Others

A detailed breakup and analysis of the guar gum powder market based on the end use industry has also been provided in the report. This includes oil drilling, food industry, paper and textile, pharmaceuticals, cosmetics, and others. According to the report, oil drilling accounted for the largest market share.

Regional Insights:

The United States
Germany
India
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include the United States, Germany, India, and others. According to the report, United States of America was the largest market for guar gum powder. Some of the factors driving the United States of America guar gum powder market included the growing utilization in pharmaceuticals, rising demand for convenience food, shifting consumer preferences towards natural ingredients, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global guar gum powder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key Questions Answered in This Report:

What was the size of the global guar gum powder market in 2022?
What is the expected growth rate of the global guar gum powder market during 2023-2028?
What are the key factors driving the global guar gum powder market?
What has been the impact of COVID-19 on the global guar gum powder market?
What is the breakup of the global guar gum powder market based on the grade?
What is the breakup of the global guar gum powder market based on the function?
What is the breakup of the global guar gum powder market based on the end use Industry?
What are the key regions in the global guar gum powder market?