The global guar gum market is evaluated at US$1.373 billion for 2025, growing at a CAGR of 6.88%, reaching a market size of US$1.914 billion by 2030.
Guar gum is a galactomannan polysaccharide extracted from guar beans and is also known by another name, guaran. It is a type of additive that has applications across several industry verticals as a binder, thickening agent, and stabilizer. Thus, significant growth of these industries will directly impact the guar gum market expansion. The market for guar gum is expected to witness considerable growth during the coming five years because the changing lifestyles and eating habits of people across both developed and developing economies have propelled the demand for convenience foods.
Guar gum is considered a natural gum that has witnessed significant growth in its applications in the food and beverage industry, such as dressings, milk products, and other processed foods, due to its excellent stabilizing properties and ability to enhance the shelf life of food products. There are wide applications of guar gum in several industries, such as oil and gas, pharmaceuticals, cosmetics, and others, which is a major factor bolstering the market growth.
The oil and gas industry is expected to hold a significant market share. There are many applications of guar gum across the oil and gas industry. Major applications include oil well fracturing, oil well stimulation, and mud drilling. It is widely used as a surfactant. The use of high-viscosity guar gum for oil drilling, geological drilling, and water drilling will further supplement the significant share of this segment.
By function, the stabilizing agent segment is projected to hold a significant share during the forecast period. Guar gum has vast applications as a stabilizer for improving the shelf life of food and beverages. It is also widely used as a thickening agent in cosmetics, foods, and drinks, a key factor supplementing this segment's growth during the forecast period.
Moreover, the increasing consumer preferences towards organic food and beverages have further created ample opportunities for market players as it is extracted from seeds and is considered a natural food additive. Thus, a significant increase in the demand for organic food in both developed and developing economies will further drive the demand for guar gum for its application in the food and beverage industry during the forecast period.
North American region is projected to hold a noteworthy market share throughout the forecast period. The presence of a booming oil and gas industry and the presence of vast cosmetics and pharmaceutical manufacturing companies in the region further supplement its significant share of the global guar gum market during the next five years.
Furthermore, there is a growing consumption of organic food in many countries, such as the United States and Canada, among others. This is due to a greater proportion of the health-savvy population in these countries, further supplementing the market growth in the North American region during the next five years.
On the other hand, the Asia-Pacific region is projected to show robust growth during the forecast period. The growing oil and gas industry and rapid urbanization have led to an increased demand for guar gum for oil and gas production and its applications in processed food and beverages.
Guar gum is a galactomannan polysaccharide extracted from guar beans and is also known by another name, guaran. It is a type of additive that has applications across several industry verticals as a binder, thickening agent, and stabilizer. Thus, significant growth of these industries will directly impact the guar gum market expansion. The market for guar gum is expected to witness considerable growth during the coming five years because the changing lifestyles and eating habits of people across both developed and developing economies have propelled the demand for convenience foods.
Guar gum is considered a natural gum that has witnessed significant growth in its applications in the food and beverage industry, such as dressings, milk products, and other processed foods, due to its excellent stabilizing properties and ability to enhance the shelf life of food products. There are wide applications of guar gum in several industries, such as oil and gas, pharmaceuticals, cosmetics, and others, which is a major factor bolstering the market growth.
The oil and gas industry is expected to hold a significant market share. There are many applications of guar gum across the oil and gas industry. Major applications include oil well fracturing, oil well stimulation, and mud drilling. It is widely used as a surfactant. The use of high-viscosity guar gum for oil drilling, geological drilling, and water drilling will further supplement the significant share of this segment.
By function, the stabilizing agent segment is projected to hold a significant share during the forecast period. Guar gum has vast applications as a stabilizer for improving the shelf life of food and beverages. It is also widely used as a thickening agent in cosmetics, foods, and drinks, a key factor supplementing this segment's growth during the forecast period.
Guar gum market drivers:
Growing food and beverages sector
According to the industry vertical, the food and beverage industry is projected to show robust growth, primarily due to the growing applications of guar gum in processed food and beverages. The ever-increasing disposable income and improvement in people's living standards, coupled with the changing hectic lifestyles, have further propelled the demand for convenience food worldwide, thus augmenting this segment's expansion during the forecast period.Moreover, the increasing consumer preferences towards organic food and beverages have further created ample opportunities for market players as it is extracted from seeds and is considered a natural food additive. Thus, a significant increase in the demand for organic food in both developed and developing economies will further drive the demand for guar gum for its application in the food and beverage industry during the forecast period.
The guar gum market is segmented into five regions worldwide:
By geography, the guar gum market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific.North American region is projected to hold a noteworthy market share throughout the forecast period. The presence of a booming oil and gas industry and the presence of vast cosmetics and pharmaceutical manufacturing companies in the region further supplement its significant share of the global guar gum market during the next five years.
Furthermore, there is a growing consumption of organic food in many countries, such as the United States and Canada, among others. This is due to a greater proportion of the health-savvy population in these countries, further supplementing the market growth in the North American region during the next five years.
On the other hand, the Asia-Pacific region is projected to show robust growth during the forecast period. The growing oil and gas industry and rapid urbanization have led to an increased demand for guar gum for oil and gas production and its applications in processed food and beverages.
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- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The guar gum market is segmented and analyzed as given below:
By Grade
- Food
- Pharmaceutical
- Industrial
By Industry Vertical
- Oil and Gas
- Food and Beverage
- Pharmaceutical
- Cosmetics
- Mining
- Others
By Function
- Thickening Agent
- Stabilizing Agent
- Binder
- Fiction reducer
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GUAR GUM MARKET BY GRADE
6. GUAR GUM MARKET BY INDUSTRY VERTICAL
7. GUAR GUM MARKET BY FUNCTION
8. GUAR GUM MARKET BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
- Cargill, Incorporated
- VIKAS WSP LTD
- Ingredion.
- Shree Ram Industries
- Ashland
- Agro Gums
- DABUR INDIA LIMITED
- Rama Gum Industries (India) Ltd
- Lucid Colloids Ltd
- Nutriroma
- Amba Gums & Feeds Products
- AEP Colloids
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 142 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 1.37 Billion |
Forecasted Market Value ( USD | $ 1.91 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |