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Guar Gum Market - Forecasts from 2025 to 2030

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    Report

  • 142 Pages
  • December 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649061
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.

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.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • 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
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing food and beverages sector
4.1.2. Rising demand for pharmaceutical products
4.1.3. Expanding cosmetic industry in the developing regions
4.2. Market Restraints
4.2.1. Fluctuating price
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GUAR GUM MARKET BY GRADE
5.1. Introduction
5.2. Food
5.3. Pharmaceutical
5.4. Industrial
6. GUAR GUM MARKET BY INDUSTRY VERTICAL
6.1. Introduction
6.2. Oil And Gas
6.3. Food And Beverage
6.4. Pharmaceutical
6.5. Cosmetics
6.6. Mining
6.7. Others
7. GUAR GUM MARKET BY FUNCTION
7.1. Introduction
7.2. Thickening Agent
7.3. Stabilizing Agent
7.4. Binder
7.5. Fiction Reducer
7.6. Others
8. GUAR GUM MARKET BY GEOGRAPHY
8.1. Global Overview
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Rest of South America
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Rest of Europe
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. United Arab Emirates
8.5.3. Rest of the Middle East and Africa
8.6. Asia-Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Rest of Asia-Pacific
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Cargill, Incorporated
10.2. VIKAS WSP LTD
10.3. Ingredion.
10.4. Shree Ram Industries
10.5. Ashland
10.6. Agro Gums
10.7. DABUR INDIA LIMITED
10.8. Rama Gum Industries (India) Ltd
10.9. Lucid Colloids Ltd
10.10. Nutriroma
10.11. Amba Gums & Feeds Products
10.12. AEP Colloids

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