The Global Guar Gum Market is projected to reach a value of over USD 1.4 billion by 2027 at a CAGR of around 6.2%.
Guar gum is also known as gellen gum and is a galactomannan polysaccharide extracted from guar beansIt is used for emulsifying, stabilize, and thicken the texture of certain industrial and food products. Non-toxic nature, low calories, and high fibers are properties of guar gum owing to which it is used as additives in food & beverages such as almond milk, bottled coconut, yoghurts, soups, and fiber supplements. Moreover, they have the ability to hydrate rapidly in cold water to attain uniform and high viscosity at relatively low concentrations.
Market Driver:
Growing consumer awareness of nutrition and health has resulted in inclination towards the use of natural and organic products. Guar gum is a natural ingredient extracted from guar beans, and offers various health benefits such as increasing glucose tolerance, reducing serum low-density lipoprotein (LDL) cholesterol and triglycerides. Owing to these properties food manufacturers are using guar gum in various food products as a stabilizer, emulsifier, thickener, binding agent, and coating agents. Additionally, fracturing, waterproofing, binding, and gelling are other properties of guar gum which makes it ideal additives for variousdifferent industries such as mining, oil & gas, textile, pharmaceuticals, explosives, and water treatment. Thus, multi-functional properties of guar gum have increased its use in various applications.
Market Restraints:
Guar gum is used in various applications such as food & beverages, oil & gas, mining, and others. However, easy availability of substitutes and volatility in price of guar are some of the factors which are leading to the development of cheaper substitutes in various industries sectors. For instance, a blend of starch and psyllium areused asa substitutefor guar gum in bakery products such as cookies, muffins, cakes, and bagels. Similarly, some major substitutes of guar gum such as xanthan gum, locust bean gum, cellulose-based gum, carrageenan, pectin, and synthetic polymers are used in various industries. Thus, theavailability of various substitutes at cheaper rate may hinder the growth of the guar gum market.
The report on the guar gummarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Grade, Function,Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Guar Gum Market, by Grade
Guar Gum Market, by Function
Guar Gum Market, by Application
Guar Gum Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE GUAR GUM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY