Guar Gum Market Analysis Size, Share, Growth, Trend & Forecast 2025
As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.
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 have the ability to bind with water molecule. This is why 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 2019 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: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
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.
- Product Overview
- Research Methodology
- Impact of COVID-19 on Global Guar Gum Market
- Executive Summary
- Voice of Customer
- Global Guar Gum Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, Friction Reducer, Others)
6.2.2. By Application (Food & Beverages, Mining & Explosives, Oil & Gas, Paper Manufacturing, Pharmaceuticals & Cosmetics, Others)
6.2.3. By Grade (Food-Grade, Pharmaceutical-Grade, Industrial-Grade)
6.2.4. By Company (2019)
6.2.5. By Region
6.3. Product Market Map
- Asia-Pacific Guar Gum Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Function
7.2.2. By Application
7.2.3. By Grade
7.2.4. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Guar Gum Market Outlook
22.214.171.124. Market Size & Forecast
126.96.36.199.1. By Value & Volume
188.8.131.52. Market Share & Forecast
184.108.40.206.1. By Function
220.127.116.11.2. By Application
18.104.22.168.3. By Grade
7.3.2. India Guar Gum Market Outlook
22.214.171.124. Market Size & Forecast
126.96.36.199.1. By Value & Volume
188.8.131.52. Market Share & Forecast
184.108.40.206.1. By Function
220.127.116.11.2. By Application
18.104.22.168.3. By Grade
7.3.3. Japan Guar Gum Market Outlook
22.214.171.124. Market Size & Forecast
126.96.36.199.1. By Value & Volume
188.8.131.52. Market Share & Forecast
184.108.40.206.1. By Function
220.127.116.11.2. By Application
18.104.22.168.3. By Grade
Mr. Ken Mathews
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