The global Guar Gum market reached a value of about 877996.28 tonnes in 2021. The industry is projected to grow at a CAGR of around 1.8% in the forecast period of 2022-2027 to reach a value of about 959912.33 tonnes by 2027.
The global Guar Gum industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the broad use of the component in various sectors, like oil, gas, and medicines. Its use in the food and pharmaceutical sector in furthering the market growth. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
Guar gum, commonly known as guaran, is derived from guar beans that thicken and stabilises foods, feeds, and industrial products. It's a polysaccharide, a lengthy chain of connected carbohydrate molecules made up of two sugars: mannose and galactose. Guar gum is a common food ingredient found in many processed goods. It's precious in the food industry since it's water-soluble and absorbent, generating a gel that thickens and binds items. The Guar Gum industry report comprises segments by application (Fast Hydrated Gum, Industrial Grade, Food Grade) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
India is a large producer of guar, and Asia-Pacific dominates world guar production. China and Germany are the other leading guar gum importers from India. Italy, South Africa, Russia, Australia, the Netherlands, Japan, Brazil, Belgium, and Canada are also big guar gum importers. India now sells guar gum to over 90 nations. Even though Asia produces the majority of guar and its derivative products, countries like India and Pakistan lack comprehensive R&D facilities dedicated to the guar business.
The industry is primarily driven by its use in the packaged food sector. It is gaining popularity due to its capacity to reduce the amount of glucose and cholesterol absorbed in the intestines and stomach. Factors such as busy consumer lifestyles, rise in disposable incomes, etc., are giving rise to the demand for prepared foods propelling the industry. Guar gum is used to make nutrition emulsifiers, food additives, nutrition thickeners, and other guar gum-based products. It is an essential food ingredient that increases the quality of convenience foods such as soups, cakes, pastries, bread, gravies, and snacks. Furthermore, the growing popularity of low-calorie, low-fat meals made with guar gum has helped lower fat content in foods, pushing the industry forward.
However, market substitutes of the product might hamper growth.
The global Guar Gum industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Guar Gum regions, such as engagement models, contract conditions, and consumer and supplier negotiation controls, among others.
The gum is extracted commercially from seeds mainly by a mechanical process that includes roasting, differential attrition, sifting, and polishing. The germ is removed from the endosperm once the seeds are shattered. Each seed yields two halves of endosperm referred to as unhusked guar split. Refined guar splits are created when the fine layer of fibrous material that comprises the husk is removed and separated from the endosperm halves by polishing. Guar Meal is a byproduct of guar gum powder production used as cow feed. It comprises the hull (husk) and germ component of the guar seed. Depending on the ultimate result, the refined guar splits are subsequently processed and polished into powders (known as guar gum) by several routes and processing procedures. The pre-hydrated guar splits are crushed in a flacker mill before being evenly distributed to an ultra-fine grinder, which grinds the breaks without excessive heat. The ground material is dried and then passes through screens to be graded according to particle size. Colour, mesh size, viscosity potential, and hydration rate are all factors to consider when selecting a grade. Extrusion is also used in industrial guar gum processing before hydration and flaking. Grinding and drying are completed after these procedures—the addition of extrusion results in guar gum powder with a higher hydration rate.
The various properties of the product are propelling the industry. Due to recent advancements, the natural gum feature of guar has multiple uses in the culinary, pharmaceutical, and oil sectors. Paper manufacture, mining, textiles, and a few other significant fields of application for the compound are driving the sales. The use of a gelling agent as a component in the hydraulic fracturing process in the oil and gas sector. Because of its multifunctionality for fluid and water loss management, lubrication, and cooling of drill bits, and as a shale inhibitor, frequently employed in the oil drilling sector to boost oil and gas production rates. It's used as a thickening, sizing agent, wet-end strength additive, water-barrier, gelling agent, and a wastewater flocculating agent, emulsifier, and binding agent. It is used in oilfields to maintain the viscosity of mud and eliminate drill waste during the fracturing and stimulation of oil wells and the mud drilling process. Because of its transparent gel composition and water-soluble characteristics, it is utilised as a binder in toothpaste. It is also used to improve the product's stability, rheology, and aesthetics. It can be employed as a binder for fragmented tobacco fines to make reconstituted tobacco sheets. Owing to the following factors, the industry is likely to expand.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The market's major players have a strong worldwide presence, broad activities, and a diverse product range. These businesses have a well-managed raw material supply and a strong distribution and sales network. On the other hand, small-scale businesses frequently compete with them because they provide higher-quality items at lower prices to acquire a more extensive consumer base. Small businesses often have all their facilities in one place and cater to local demand. These businesses are less well-known worldwide, but they have a better understanding of localised markets. However, they are more exposed to the danger of replacements in the consumer sector.
1. Executive Summary
2. Global Guar Gum Market Snapshot
2.1. Guar Gum Market Outlook
2.2. Guar Gum Industry Analysis by Application
2.2.1. Fast Hydrated Gum
2.2.2. Industrial grade
2.2.3. Food Grade
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
3. Impact of Recent Events
4. Guar Gum Value Chain Analysis
5. Guar Gum Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Guar Gum Cost Structure
9. Guar Gum Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Guar Gum Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Hindustan Gum & Chemicals Ltd.
15.2. Vikas WSP Limited
15.3. Vasundhara Gums and Chemicals
15.4. Sunita Hydrocolloids Pvt. Ltd.
15.5. Lotus Gums & Chemicals
The global Guar Gum market size was valued at 877996.28 tonnes in 2021.
As per the application provided, the Fast hydrated gum segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the ingredient in the packaged food segment is one of the essential drivers of the Guar Gum market growth.
Hindustan Gum & Chemicals Ltd. (Rhodia Inc.), Vikas WSP, Vasundhara Industries, Sunita Hydrocolloids Pvt. Ltd., and Lotus Gums & Chemicals are some of the key companies in the market.
The Asia Pacific region of the Guar Gum industry holds a significant share in the market.
The global Guar Gum market attained a value of 877996.28 tonnes in 2021, driven by the rising demand from the food sector. It is an essential component in goods like soups, cakes, etc., owing to its health benefits driving the market growth. Furthermore, the product's various properties are widely employed in the culinary, pharmaceutical, and oil sectors, positively impacting the market. The market is expected to witness further growth in 2022-2027, growing at a CAGR of 1.8 %. The market is projected to reach 959912.33 tonnes by 2027.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More