The global guar gum market is anticipated to grow at a significant rate during the forecast period owing to increasing demand for guar gum from the oil & gas industry and growing need for dairy and frozen foods. Further, changing eating habits is leading to the growing demand for convenience food which is supporting the demand for guar gum in the market.

Guar gum is a natural gum extracted from guar beans. They provide an excellent thickening consistency, eight times better than the original consistency of other gums. They could bind with water molecule. Therefore they find application in various food products including dressings, baking mixes and milk products. The rapidly growing pharmaceutical industry is also providing a great opportunity for the growth of global guar gum market.

Global guar gum market can be segmented based on function, application, grade and region. Based on grade, the market is segmented into food-grade, pharmaceutical-grade and industrial-grade. The industrial grade guar gum acquired the largest market share in 2020 as the consumption of guar gum is increasing in the oil & gas sector and in other applications. The segment is further expected to dominate the market during the forecast period owing to the rising demand from textile, paper and printing industries.

Major companies operating in the global guar gum market include Vikas WSP Ltd., Abdullahbhai Abdul Kader Group, Cargill Incorporated, Shree Ram Industries, Rama Gum Industries (India) Pvt. Ltd., DuPont Nutrition & Health, Agro Gums, Lotus Gums & Chemicals, India Gycols Ltd., Amba Gums & Feeds Products, Vasundhara Gums & Chemicals, Hindustan Gums & Chemicals Ltd., The Lucid Group and Ingredion Incorporated, among others. The market is highly competitive with presence of both small scale and large-scale players. The companies are investing in strong distribution network and sales channel to increase their market share


Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

To analyse and forecast the market size of global guar gum market.
To forecast global guar gum market based on function, application, grade, company and regional distribution.
To identify drivers and challenges for global guar gum market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global guar gum market.
To identify and analyse the profile of leading players operating in the global guar gum market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of guar gum manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research.

TechSci Research calculated global guar gum market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

Guar gum manufacturing companies/partners
Suppliers/Distributers
End-Users
Government bodies such as regulating authorities and policy makers
Organizations, industry associations, forums and alliances related to guar gum market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as guar gum manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

About TechSci Research

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