Global Guar Gum Market, By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, Friction Reducer and Others), Application (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics and Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
Guar gum ensures even distribution of sugar within the liquid and aids in the prevention of crystal precipitation at the rock bottom. Guar Gum has medicinal properties and, because it is high in dietary fibre, can be consumed with water to treat stomach problems. Furthermore, it is widely used in traditional lithography and printing.
Data Bridge Market Research analyses that the guar gum market was valued at USD 1.14 billion in 2021 and is expected to reach the value of USD 2.08 billion by 2029, at a CAGR of 7.8% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, Friction Reducer and Others), Application (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cemoi Chocolatier (France), Republica del Cacao (Ecuador), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), Fuji Oil Holdings Inc. (Japan), Guittard Chocolate Co. (U.S.), Ghirardelli Chocolate Co. (U.S.),, Varihona Inc. (France), Barry Callebaut AG (Switzerland), Alpezzi Chocolate SA De CV (Mexico), Kerry Group Plc (Ireland)
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Opportunities
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Market Definition
Guar gum, also known as gellan gum, is a natural polymer derived from the guar seed. It has a wide range of applications because it can be used as a powdered product to stabilise, emulsify, and thicken the texture of various food and industrial applications. Guar gum has a wide range of applications, including the ability to achieve high viscosity. It is non-toxic, low in calories, and high in fibre.
Drivers
- Rising popularity of natural and organic products
The rising popularity of natural products in the food and beverage industries is expected to fuel the significant growth rate of the guar gum market during the forecast period. Furthermore, guar gum products are high in dietary fibre, which helps with bowel movement and digestion. As a result, the consumption of guar gum is increasing around the world. Even manufacturers and producers are emphasising the nutritional benefits of guar gum in their promotional materials.
Expansion of Guar Gum application in various industries
Alternatively, the guar gum is widely used as a thickening agent in the production of food products. Furthermore, guar gum powder is used as an additive in ceramic glazes, as an adhesive in rolling papers, and as a binder in the manufacture of watercolour paints. Furthermore, guar gum is widely used in the food industry as a microencapsulating agent in confectionery, beverage, bakery, and dairy production. Guar gum applications are expanding in a variety of industries, which is expected to drive the global guar gum Market growth.
Opportunity
The increasing number of domestic vendors and e-commerce channels are expanding the opportunities for key players and manufacturers. Furthermore, growing consumer preferences for natural ingredients are another major factor driving opportunities for guar gum manufacturers and key players.
Restraints
The guar gum market may face constraints as a result of raw material shortages and price fluctuations in guar gum products. The global guar gum market has recently faced a major challenge in the form of a coronavirus outbreak. This global pandemic has affected almost all of the global market's manufacturers and producers, which has directly impacted global market demand.
This guar gum market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the guar gum market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Guar Gum Market
Due to the global pandemic, many regions have imposed shutdown, lockdown, and social distancing guidelines. This has had a direct impact on the global guar gum market's growth. The global market was in a slump, and no one was willing to invest in guar gum products. As a result, the global key players have implemented certain appropriate ideas and tactics to boost the reduced demand for guar gum products. In the current scenario, the global market is expected to increase market revenue during the forecast period.
Global Guar Gum Market Scope
The guar gum market is segmented on the basis of grade, function and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Function
- Stabilizer
- Emulsifier
- Thickening
- Gelling Agent
- Binder
- Friction Reducer
- Others
Application
- Oil & Gas
- Food & Beverage
- Pharmaceuticals
- Cosmetics
- Others
Guar Gum Market Regional Analysis/Insights
The guar gum market is analysed and market size insights and trends are provided by country, type, function and application as referenced above.
The countries covered in the guar gum market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The North American region is expected to generate the highest food-grade guar gum market share. Countries in this region are making a greater contribution to the growth of the global guar gum market. Asia-Pacific is predicted to generate the highest growth rate in the guar gum market during the forecast period. This region is expanding due to the increasing use of guar gum in the personal care and pharmaceutical industries. Aside from that, rising guar gum usages in painting, ceramics, and printmaking are expected to play a significant role in the region's guar gum industrial growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Guar Gum Market Share Analysis
The guar gum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to guar gum market.
Some of the major players operating in the guar gum market are:
- Kerry Group plc (Ireland)
- Bettera Brands LLC (US)
- The Clorox Company (US)
- Softigel (US)
- Nature's Way Products, LLC (US)
- Zanonvitamec (US)
- OLLY Public Benefit Corporation (US)
- Herbaland Naturals Inc. (Canada)
- Hero Nutritionals (US)
- SmartyPants Inc. (US)
- The Nature's Bounty Co. (US)
- IM Healthcare (India)
- Nutra Solutions (US)
- Makers Nutrition, LLC (US)
- Vitakem Nutraceutical Inc. (US)
- Bayer AG (Germany)
- Ernest Jackson (UK)
- Boscogen, Inc (US)
- Santa Cruz Nutritionals Inc. (US)
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