Guar Gum Market Is Estimated To Be USD 692.97 Million By 2028 With Top Most Key Players - Cargill (Us), Ashland Inc. (Us), Ingredion Incorporated (Us)

Market Overview:
Guar Gum Market size is projected to reach USD 692.97 Million by 2028 from an estimated USD 567.29 Million in 2021, growing at a CAGR of 2.9% globally.

Galactomannan polysaccharide, or guar gum, is derived from guar beans. Due to its capacity to reduce the quantity of glucose and cholesterol absorbed in the intestines and stomach, this type of fibre is becoming increasingly well-liked. Guar gum is a food product that the Food and Drug Administration (FDA) approves safe for consumption in the recommended doses. Guar gum usage is rising as a result of the demand for prepared food products being fueled by the hectic modern lifestyle. Paper manufacturing, mining, textiles, and a few other important industries are some of the compound's other major application sectors.

Read More: https://introspectivemarketresearch.com/reports/guar-gum-market/

Market Dynamics:
Driver:
Since guar gum and its derivatives are widely employed in a variety of applications, particularly in drilling fluid formulations, dispersants, and green corrosion inhibitors, the oil and gas industry are principally responsible for the market's expansion. The global guar gum market is primarily driven by the increased popularity of convenience foods. Foods like baked goods, soups, and gravies frequently contain guar gum. The global guar gum market is expanding due to the rising demand for processed foods on a global scale.

Opportunities:
Consumers' eating habits and dietary patterns have undergone a significant transformation worldwide due to the growing knowledge of lifestyle diseases. Additionally, the market for guar gum can expand quickly due to the health advantages that organic food items offer. Longer working hours, rising income levels, and increased use of household technologies that are expected to grow quickly in the next years are other factors that have a greater impact on this increase in interest. Greater demand and stronger inclination to use natural products is expected to improve the uptake of guar gum in cosmetic formulations.

Click To Get Sample Report: - https://introspectivemarketresearch.com/request/16276

Segmentation Analysis Of Guar Gum Market

By Function, the gelling agent segment is expected to dominate the market growth in the upcoming years. The wide application of gelling agent function in the oil and gas industry as a key ingredient for the hydraulic fracking procedure drives the market growth. It is also used extensively in the oil drilling industry to increase the production of oil and gas.

By Application, the oil and gas segment holds the largest market share and is anticipated to dominate the market over the forecast period. The segment witnessed huge growth owing to the shale gas boom in the North American region. Also, the rise in drilling and exploration activities for the removal of technically recoverable resources in India, China, Algeria, and Argentina is expected to boost the demand for this segment in the upcoming years.

By Grade, the industrial-grade segment is skyrocketing due to its various applications such as oil well drilling, oil recovery, water drilling, well fracturing, oil well stimulation, and geological drilling. Industrial grade also acts as a surfactant, synthetic polymer, and deformer in the oil and gas sector further boosting the growth of this segment.

By Function
• Gelling
• Thickening
• Binding
• Friction Reducing

By Application
• Oil and Gas
• Food and Beverages
• Paper Manufacturing
• Mining and Explosives
• Pharmaceuticals and Cosmetics

By Grade
• Food grade
• Industrial grade
• Pharmaceutical grade

Regional Analysis Of Guar Gum Market:
The Asia Pacific dominates the market growth of Guar gum products in recent years and is estimated to witness huge demand in the forecasted period. The rapid development of the food & beverages and pharmaceutical industry is the major factor that drives the growth of the guar gum market in the Asia Pacific region. India is the major country that produces guar seeds and it accounts for 80% of the total guar produced all across the world. The favorable climatic conditions, availability of soil, land, and fertilizers are the key factors that influence the production of guar seeds in this region. Additionally, the initiatives taken by Government bodies in the country to support the large-scale export of guar gum are anticipated to boost the growth of the guar gum market in the forecasted years. Also, the awareness among consumers regarding the health benefits and the weight loss properties drive the market growth in the Asia Pacific region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Inquire Before Buying Guar Gum Market Report @
https://introspectivemarketresearch.com/inquiry/16276

Top Key Players Covered In Guar Gum Market:
• E. I. DuPont de Nemours and Company (US)
• Cargill (US)
• Shree Ram Industries (India)
• Ingredion Incorporated (US)
• Ashland Inc. (US)
• Vikas WSP Limited (India)
• Hindustan Gums and Chemical Limited (India)
• Dabur India Ltd. (India)
• India Glycols Ltd. (India)
• Neelkanth Polymers (India)
• Lucid Group (India)
• Global Gums and Chemicals Pvt. Limited (Pakistan)
• Guangrao Liuhe Chemical Co. Ltd. (China)
• Jai Bharat Gums and Chemicals Ltd (India)
• Altrafine Gums (India) and other major players.

Key Industry Development In The Guar Gum Market

• In August 2021, The National Commodity and Derivatives Exchange (NCDEX) declared the launch of a futures contract on NCDEX GUAREX. NCDEX GUAREX is a price-based index that will help in tracking the price movement in the futures contracts of its underlying such as Guar Seed and Guar Gum Refined Splits on a real-time basis. The weightage of Guar Seed and Guar Gum Refined Splits in the index will be 63.43 percent and 36.57 percent, respectively.

• In January, 2019, Vikas WSP, an Indian company declared the launch of a new guar gum product that will stabilizer coconut milk.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Function
 3.2 By Application
 3.3 By Grade
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Guar Gum Market by Function
 5.1 Guar Gum Market Overview Snapshot and Growth Engine
 5.2 Guar Gum Market Overview
 5.3 Gelling
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Gelling: Grographic Segmentation
 5.4 Thickening
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Thickening: Grographic Segmentation
 5.5 Binding
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Binding: Grographic Segmentation
 5.6 Friction Reducing
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Friction Reducing: Grographic Segmentation
To Be Continued……

Purchase This Report@
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16276

Other Related Reports:-
https://introspectivemarketresearch.com/reports/coffee-beans-market/
https://introspectivemarketresearch.com/reports/vanilla-beans-market/
https://introspectivemarketresearch.com/reports/green-tea-market/

Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1-773-382-1047
Linkedin| Twitter| Facebook
Email: sales@introspectivemarketresearch.com

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

This release was published on openPR.