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Global Guar Gum Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 262
  • CATEGORY
  • Chemicals & Materials

Market Overview:

Guar gum is a natural food additive derived from the guar plant. It is commonly used as a thickener and stabilizer in a wide range of food and industrial products. The global guar gum market is expected to experience significant growth in the coming years, driven by several factors.

One of the key drivers of the guar gum market is its widespread use in the food industry. Guar gum is commonly used as a thickening agent in food products such as ice cream, baked goods, sauces, and dressings. It is also used as a binding agent in meat products and as a stabilizer in dairy products. The growing demand for convenience food products is expected to further boost the demand for guar gum in the food industry.

Another driver of the guar gum market is its use in the oil and gas industry. Guar gum is used as a thickener in hydraulic fracturing, a process used to extract oil and gas from shale rock. The growing demand for oil and gas across the world is expected to drive the demand for guar gum in the oil and gas industry.

The increasing demand for natural and organic food products is also expected to drive the growth of the guar gum market. Guar gum is a natural and plant-based ingredient, making it an attractive option for consumers seeking natural and organic food products. This trend is expected to continue in the coming years, driving the demand for guar gum in the food industry.

Overall, the global guar gum market is expected to experience significant growth in the coming years, driven by the increasing demand for guar gum in the food and oil and gas industries, as well as the growing demand for natural and organic food products.

Covid-19 Impact:

The COVID-19 pandemic has had both positive and negative impacts on the guar gum market.

On the positive side, the demand for guar gum increased during the pandemic due to its use in hand sanitizers and other disinfectants. Guar gum is used as a thickener and stabilizer in these products, which saw a surge in demand as people looked for ways to protect themselves from the virus. This led to a significant increase in the demand for guar gum from the personal care and hygiene industry.

However, the pandemic also had a negative impact on the guar gum market, especially in the food industry. The closure of restaurants, hotels, and other food service establishments during the pandemic led to a decrease in the demand for guar gum from these sectors. Additionally, the disruption in the global supply chain due to restrictions on transportation and trade also affected the guar gum market.

Despite these challenges, the guar gum market is expected to recover from the pandemic in the coming years. As the world recovers from the pandemic and the economy improves, the demand for guar gum is expected to increase in the food industry, especially in the areas of processed food and baked goods. The demand for guar gum from the oil and gas industry is also expected to rebound as the demand for oil and gas increases.

Top of Form

Market Dynamics:

Drivers:

There are several drivers of the guar gum market, including:

  1. Growing demand from the food industry: Guar gum is widely used as a thickener and stabilizer in various food products, such as baked goods, sauces, dressings, and dairy products. As the demand for processed and convenience food products increases, the demand for guar gum is also expected to grow.
  2. Increasing demand from the oil and gas industry: Guar gum is used as a thickening agent in hydraulic fracturing, a process used to extract oil and gas from shale rock. The growing demand for oil and gas across the world is expected to drive the demand for guar gum in the oil and gas industry.
  3. Rising demand for natural and organic food products: Guar gum is a natural and plant-based ingredient, making it an attractive option for consumers seeking natural and organic food products. The trend towards healthier eating and natural ingredients is expected to drive the demand for guar gum in the food industry.
  4. Growth in the pharmaceutical industry: Guar gum is also used in the pharmaceutical industry as a binder, disintegrant, and thickener in tablets and capsules. The growing demand for pharmaceutical products is expected to drive the demand for guar gum in the pharmaceutical industry.
  5. Increasing demand from the personal care and cosmetics industry: Guar gum is used as a thickener and stabilizer in personal care and cosmetics products, such as lotions, creams, and shampoos. As the demand for personal care and cosmetics products increases, the demand for guar gum is also expected to grow.

Overall, the guar gum market is expected to experience significant growth in the coming years, driven by the increasing demand from the food, oil and gas, pharmaceutical, personal care, and cosmetics industries, as well as the growing demand for natural and organic products.

Regional Analysis:

The guar gum market is a global market with significant production and consumption in various regions of the world. Here is a regional analysis of the guar gum market:

  1. Asia Pacific: Asia Pacific is the largest producer and consumer of guar gum, with India being the largest producer of guar gum in the world. The region is expected to continue dominating the market in the coming years due to the increasing demand from the food industry and the growing awareness of the health benefits of natural and organic products.
  2. North America: The North American market for guar gum is expected to grow significantly due to the increasing demand from the oil and gas industry. The United States is the largest consumer of guar gum in the region, primarily due to the high demand for hydraulic fracturing in the oil and gas industry.
  3. Europe: Europe is a significant market for guar gum, driven by the increasing demand from the food and pharmaceutical industries. The growing trend towards natural and organic products is also expected to drive the demand for guar gum in the region.
  4. Middle East and Africa: The Middle East and Africa region is expected to experience significant growth in the guar gum market due to the growing demand from the oil and gas industry. The region is home to several oil-producing countries, which are expected to drive the demand for guar gum in the hydraulic fracturing process.
  5. Latin America: The Latin America market for guar gum is expected to grow significantly due to the increasing demand from the food industry. Brazil is the largest consumer of guar gum in the region, primarily due to the high demand for processed and convenience food products.

Overall, the guar gum market is a global market with significant production and consumption in various regions of the world. The demand for guar gum is expected to grow in the coming years due to the increasing demand from the food, oil and gas, pharmaceutical, personal care, and cosmetics industries, as well as the growing demand for natural and organic products.

Market Segmentation:

The guar gum market can be segmented based on the type, grade, application, and region.

  1. By Type:
  • Food grade guar gum
  • Industrial grade guar gum
  1. By Grade:
  • Fast hydrating guar gum
  • Regular guar gum
  • Others (such as coarse mesh, fine mesh, and refined)
  1. By Application:
  • Food and beverages
  • Oil and gas
  • Mining and explosives
  • Paper and textiles
  • Pharmaceuticals and cosmetics
  • Others (such as agriculture and animal feed)
  1. By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

The food and beverage segment is expected to dominate the market due to the widespread use of guar gum as a thickening and stabilizing agent in various food products. The oil and gas segment is also a significant market for guar gum, driven by its use in the hydraulic fracturing process. Other applications of guar gum include mining and explosives, paper and textiles, pharmaceuticals and cosmetics, and agriculture and animal feed.

The Asia Pacific region is expected to dominate the market due to the high production and consumption of guar gum in countries like India, while North America is expected to grow significantly due to the increasing demand from the oil and gas industry. Europe, the Middle East and Africa, and Latin America are also significant markets for guar gum, driven by the growing demand from various industries.

Competitive Landscape:

Some of the key players operating in the global guar gum market include:

  1. Hindustan Gum & Chemicals Ltd.
  2. Vikas WSP Limited
  3. Ashland Inc.
  4. Dabur India Ltd.
  5. Shree Ram Industries
  6. Jai Bharat Gum & Chemicals Ltd.
  7. Supreme Gums Pvt. Ltd.
  8. Lucid Colloids Ltd.
  9. Rama Industries
  10. Neelkanth Polymers.

These companies are focusing on various strategies such as product innovation, mergers and acquisitions, and partnerships to expand their market presence and gain a competitive edge. The market is highly competitive, and companies are investing in research and development to develop new and innovative products to cater to the growing demand from various industries.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Guar Gum market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Guar Gum would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Guar Gum Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Guar Gum Revenue
1.4 Market Analysis by Type
1.4.1 Global Guar Gum Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Industrial Grade
1.4.3 Food Grade
1.5 Market by Application
1.5.1 Global Guar Gum Market Share by Application: 2023-2032
1.5.2 Food Industry
1.5.3 Petroleum Industry
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Guar Gum Market
1.8.1 Global Guar Gum Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Guar Gum Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Guar Gum Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Guar Gum Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Guar Gum Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Guar Gum Sales Volume Market Share by Region (2017-2022)
3.2 Global Guar Gum Sales Revenue Market Share by Region (2017-2022)
3.3 North America Guar Gum Sales Volume
3.3.1 North America Guar Gum Sales Volume Growth Rate (2017-2022)
3.3.2 North America Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Guar Gum Sales Volume
3.4.1 East Asia Guar Gum Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Guar Gum Sales Volume (2017-2022)
3.5.1 Europe Guar Gum Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Guar Gum Sales Volume (2017-2022)
3.6.1 South Asia Guar Gum Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Guar Gum Sales Volume (2017-2022)
3.7.1 Southeast Asia Guar Gum Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Guar Gum Sales Volume (2017-2022)
3.8.1 Middle East Guar Gum Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Guar Gum Sales Volume (2017-2022)
3.9.1 Africa Guar Gum Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Guar Gum Sales Volume (2017-2022)
3.10.1 Oceania Guar Gum Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Guar Gum Sales Volume (2017-2022)
3.11.1 South America Guar Gum Sales Volume Growth Rate (2017-2022)
3.11.2 South America Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Guar Gum Sales Volume (2017-2022)
3.12.1 Rest of the World Guar Gum Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Guar Gum Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Guar Gum Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Guar Gum Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Guar Gum Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Guar Gum Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Guar Gum Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Guar Gum Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Guar Gum Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Guar Gum Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Guar Gum Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Guar Gum Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Guar Gum Sales Volume Market Share by Type (2017-2022)
14.2 Global Guar Gum Sales Revenue Market Share by Type (2017-2022)
14.3 Global Guar Gum Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Guar Gum Consumption Volume by Application (2017-2022)
15.2 Global Guar Gum Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Guar Gum Business
16.1 Hindustan Gum
16.1.1 Hindustan Gum Company Profile
16.1.2 Hindustan Gum Guar Gum Product Specification
16.1.3 Hindustan Gum Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Jai Bharat Gum and Chemicals
16.2.1 Jai Bharat Gum and Chemicals Company Profile
16.2.2 Jai Bharat Gum and Chemicals Guar Gum Product Specification
16.2.3 Jai Bharat Gum and Chemicals Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Neelkanth Polymers
16.3.1 Neelkanth Polymers Company Profile
16.3.2 Neelkanth Polymers Guar Gum Product Specification
16.3.3 Neelkanth Polymers Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Sunita Hydrocolloids
16.4.1 Sunita Hydrocolloids Company Profile
16.4.2 Sunita Hydrocolloids Guar Gum Product Specification
16.4.3 Sunita Hydrocolloids Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Vikas WSP
16.5.1 Vikas WSP Company Profile
16.5.2 Vikas WSP Guar Gum Product Specification
16.5.3 Vikas WSP Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Guangrao Liuhe Chemical
16.6.1 Guangrao Liuhe Chemical Company Profile
16.6.2 Guangrao Liuhe Chemical Guar Gum Product Specification
16.6.3 Guangrao Liuhe Chemical Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Global Gums & Chemicals
16.7.1 Global Gums & Chemicals Company Profile
16.7.2 Global Gums & Chemicals Guar Gum Product Specification
16.7.3 Global Gums & Chemicals Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Shandong Dongda Commerce
16.8.1 Shandong Dongda Commerce Company Profile
16.8.2 Shandong Dongda Commerce Guar Gum Product Specification
16.8.3 Shandong Dongda Commerce Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Jingkun Chemistry Company
16.9.1 Jingkun Chemistry Company Company Profile
16.9.2 Jingkun Chemistry Company Guar Gum Product Specification
16.9.3 Jingkun Chemistry Company Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Lotus Gums & Chemicals
16.10.1 Lotus Gums & Chemicals Company Profile
16.10.2 Lotus Gums & Chemicals Guar Gum Product Specification
16.10.3 Lotus Gums & Chemicals Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Supreme Gums
16.11.1 Supreme Gums Company Profile
16.11.2 Supreme Gums Guar Gum Product Specification
16.11.3 Supreme Gums Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Shree Ram Group
16.12.1 Shree Ram Group Company Profile
16.12.2 Shree Ram Group Guar Gum Product Specification
16.12.3 Shree Ram Group Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Wuxi Jinxin Science& Tchnology
16.13.1 Wuxi Jinxin Science& Tchnology Company Profile
16.13.2 Wuxi Jinxin Science& Tchnology Guar Gum Product Specification
16.13.3 Wuxi Jinxin Science& Tchnology Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Rama Industries
16.14.1 Rama Industries Company Profile
16.14.2 Rama Industries Guar Gum Product Specification
16.14.3 Rama Industries Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Vikas Granaries Limited
16.15.1 Vikas Granaries Limited Company Profile
16.15.2 Vikas Granaries Limited Guar Gum Product Specification
16.15.3 Vikas Granaries Limited Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.16 Raj Gum
16.16.1 Raj Gum Company Profile
16.16.2 Raj Gum Guar Gum Product Specification
16.16.3 Raj Gum Guar Gum Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Guar Gum Manufacturing Cost Analysis
17.1 Guar Gum Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Guar Gum
17.4 Guar Gum Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Guar Gum Distributors List
18.3 Guar Gum Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Guar Gum (2023-2032)
20.2 Global Forecasted Revenue of Guar Gum (2023-2032)
20.3 Global Forecasted Price of Guar Gum (2017-2032)
20.4 Global Forecasted Production of Guar Gum by Region (2023-2032)
20.4.1 North America Guar Gum Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Guar Gum Production, Revenue Forecast (2023-2032)
20.4.3 Europe Guar Gum Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Guar Gum Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Guar Gum Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Guar Gum Production, Revenue Forecast (2023-2032)
20.4.7 Africa Guar Gum Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Guar Gum Production, Revenue Forecast (2023-2032)
20.4.9 South America Guar Gum Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Guar Gum Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Guar Gum by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Guar Gum by Country
21.2 East Asia Market Forecasted Consumption of Guar Gum by Country
21.3 Europe Market Forecasted Consumption of Guar Gum by Countriy
21.4 South Asia Forecasted Consumption of Guar Gum by Country
21.5 Southeast Asia Forecasted Consumption of Guar Gum by Country
21.6 Middle East Forecasted Consumption of Guar Gum by Country
21.7 Africa Forecasted Consumption of Guar Gum by Country
21.8 Oceania Forecasted Consumption of Guar Gum by Country
21.9 South America Forecasted Consumption of Guar Gum by Country
21.10 Rest of the world Forecasted Consumption of Guar Gum by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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