Global Guar Gum Market

Guar Gum Market Size, Share, Growth Analysis, By Grade (Food Grade, Industrial Grade), By Function, By Application, By Region - Industry Forecast 2025-2032


Report ID: SQMIG30H2081 | Region: Global | Published Date: December, 2024
Pages: 257 | Tables: 61 | Figures: 77

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FAQs

Guar Gum Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).

Global guar gum market is highly competitive and fragmented, with several players operating in the market. Some of the key players in the global guar gum market are focusing on expanding their product portfolio, improving their production capacity, and entering into strategic partnerships to strengthen their market position. For instance, in February 2021, Ashland Global Holdings Inc. announced the acquisition of Pharmachem Laboratories, a leading supplier of ingredients and solutions for the health and wellness industry, to expand its product portfolio and enhance its market position. Moreover, companies are also investing in research and development activities to innovate new products and improve the quality of their existing products. 'Agro Gums (India) ', 'Ashland Inc. (USA) ', 'Cargill, Inc. (USA) ', 'DowDuPont (USA) ', 'Lucid Group (India) ', 'Penford Corporation (USA) ', 'Neelkanth Polymers (India) ', 'Vikas WSP Limited (India) ', 'Rama Industries (India) ', 'Polygal AG (Switzerland) ', 'TIC Gums (Ingredion) (USA) ', 'Emsland-Stärke GmbH (Germany) ', 'Avebe (Netherlands) ', 'Global Bio-Chem Technology Group Company Limited (China) ', 'SMS Corporation Co., Ltd. (Japan) ', 'Ruchi Soya Industries (India) ', 'Guar Resources LLC (USA) ', 'Supreme Gums Pvt. Ltd. (India) ', 'Jai Bharat Gums and Chemicals Ltd. (India) ', 'ADM (Archer Daniels Midland) (USA)', 'In February 2022, Ingredion Incorporated announced the launch of a new series of guar-based texturizers called NOVATION Endura™ 0100, designed to provide enhanced stability and texture to plant-based and meat alternative products.', 'In January 2022, Cargill announced the launch of its new range of guar-based texturizers called Cremogen™, which provides superior water-binding properties, viscosity control, and emulsification for dairy and plant-based food products.', 'In December 2021, Dupont Nutrition & Biosciences announced the expansion of its Danisco® range of texturizers with the addition of a new range of guar-based stabilizers, designed to improve the texture and stability of a variety of food products.'

The food industry is the largest consumer of guar gum, and its demand is increasing due to its various applications such as a thickening, emulsifying, and stabilizing agent in food products. As the demand for processed food and convenience food continues to grow globally, the demand for guar gum as a food additive is expected to increase.

Growing demand for organic and non-GMO guar gum: There is a growing trend of consumers preferring organic and non-GMO food products, which is driving the demand for organic and non-GMO guar gum. Many manufacturers are shifting towards organic and non-GMO guar gum to cater to changing consumer preferences. This trend is expected to continue in the future, driving the demand for organic and non-GMO guar gum.

The Asia-Pacific region dominates the global guar gum market, primarily due to India's leading position in the production and export of guar gum. India is the largest producer and exporter of guar gum in the world, accounting for over 80% of global production. The demand for guar gum in the Asia-Pacific region is driven by the growing demand for guar gum in various industries such as food, oil and gas, pharmaceuticals, and textiles. In the food industry, guar gum is used as a thickener, stabilizer, and emulsifier in various food products such as baked goods, dairy products, sauces, and dressings. The increasing demand for processed and convenience food products in countries such as India, China, and Japan is driving the demand for guar gum in the food industry in the region. In the oil and gas industry, guar gum is used as a fracturing fluid in the hydraulic fracturing process. The increasing demand for oil and gas in the region is driving the demand for guar gum in the oil and gas industry. The demand for guar gum in the oil and gas industry is expected to increase in the coming years due to the growing shale gas and tight oil production in countries such as China and Australia. In the pharmaceutical industry, guar gum is used as a binder, disintegrates, and controlled release agent in various pharmaceutical formulations. The increasing demand for pharmaceutical products in the Asia-Pacific region is driving the demand for guar gum in the pharmaceutical industry.

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Global Guar Gum Market

Report ID: SQMIG30H2081

$5,300
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