Guar Gum Market is Projected to grow at a Highest CAGR of 8.3% by Regional Outlook, Latest Trend, Share Analysis, Growth and Forecast to 2025

Guar Gum Market is projected to reach USD 1417.3Million by 2025, from USD 806.8 Million in 2017 growing at a CAGR of 8.3% during the forecast period of 2018 to 2025.

Guar Gum Market Research helps companies to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps companies to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.

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Market Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of guar gum market in the next 8 years. Guar gum, also term as gellan gum is a natural polymer extracted from the guar seed. It is used as a powdered product to stabilize, emulsify, and thicken the texture of certain foods and industrial products. The most important property of guar gum is the ability to attain high viscosity, it is non-toxic in nature, low in calories, and rich in fibers, these properties enable guar gum to be used in various applications such as an additive in foods and beverages such as bottled coconut and almond milk, yogurts, soups, and fiber supplements. Increasing application and research on gaur gum in drug manufacturing, cosmetic industries, and their application in oil and gas well stimulation are expected to support the growth of the market in coming years. Propel SSP, product by Fairmount Santrol Company, situated in the U.S., this is an alternative to guar gum, which is a cheaper and technically superior alternative to guar gum currently in research and trial stage, Propel SSP market is expected to grow due to the successful trials in Marcellus and Utica shale. This is expected to affect the guar gum industry in the future.

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Major Market Competitors/Players:

Cargill,
Incorporated,
DuPont,
The INGREDION,
Ashland,
Vikas WSP Limited,
Hindustan Gum & Chemicals Ltd.,
Dabur,
India Glycols Limited,
Neelkanth Polymers,
Lucid Group.,
Global Gums Chemicals,
Guangrao Liuhe Chemical Co. Ltd.,
Jai Bharat Gum & Chemicals LTD.,
Altrafine Gums,
Supreme Gums Pvt. Ltd.,
Ruchi Soya Industries Limited,
rama gum industries limited,
Lamberti S.p.A.,
Nutriroma,
AEP Colloids,
Shree India Sino,
Penford Corporation,
TIC Gums Inc.

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Major Market Drivers and Restraints:

• Increasing demand for guar gum in the oil & gas industry.
• Increasing applications of guar gum due to its multifunctional properties.
• Increased consumption of convenience food.
• Lack of research and development.
• Trade restrictions.
• High dependency on crude oil prices.
• Dependency on climatic conditions.

Market Segmentation:

Grade
Function
Application
Geography

Market Segmentation in Details:

• The global guar gum market is segmented based on grade, function, and application.
• On the basis of grade global guar gum market is segmented into food-grade, industrial-grade, and pharmaceutical-grade. Industrial grade is further sub segmented into Paper, Mining, Explosive, Oil and Gas. Pharmaceutical-grade is further sub segmented into drugs, cosmetics and others.
• On the basis of function global guar gum market is segmented into thickening, gelling, binding, friction reducing, emulsifier, flocculent, preservation agent, others.
• On the basis of application global guar gum market is segmented into oil & gas, food & beverages mining & explosives paper manufacturing pharmaceuticals & cosmetics others. Food & beverages is further sub-segmented into bakery & confectionery products dairy & frozen products beverages sauces & dressings others.

• Based on geography:-
• North America &
• South America,
• Europe,
• Asia-Pacific
• Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.

Competitive Analysis:

The global guar gum market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global guar gum market for global, Europe, North America, Asia Pacific and South America.

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This release was published on openPR.