openPR Logo
Press release

Guar Gum Market size to reach USD 1.59 billion by 2030 at a significant CAGR of 7.4 percent - Predicted by Maximize Market Research

05-08-2024 01:04 AM CET | Associations & Organizations

Press release from: ABNewswire

Guar Gum Market

Guar Gum Market

Guar Gum Market size was valued at US$ 0.96 Bn. in 2023 and the total revenue is expected to grow at CAGR 7.4% through 2024 to 2030, reaching nearly US$ 1.59 Bn.
Pune,07,May,2024: The Guar Gum market, valued at US$0.96 Bn in 2023, is projected to grow at a CAGR of 7.4% from 2024 to 2030, reaching around US$1.59 Bn. Guar Gum, a galactomannan polysaccharide, is a free-flowing powder with applications in food manufacturing due to its water-absorbent gel-forming properties.

According to MMR analysts, the Global Guar Gum Market [https://www.maximizemarketresearch.com/market-report/global-guar-gum-market/17787/] is expected to witness significant growth during the forecast period. The evolving lifestyle over the last two decades has fueled the demand for packaged food and driving the guar gum market to unprecedented heights. Widely utilized in various food products like ice cream, sauces, and soups for its binding properties, guar gum is witnessing a surge in demand. The emergence of local players in the packaged food sector is further amplifying this demand. With governments emphasizing nutritional transparency, guar gum's natural health benefits are gaining significance. Simultaneously, the textile industry's growth is boosting the market as guar gum's thickening properties prove invaluable in textile production particularly in enhancing print quality. This dual momentum promises a prosperous future for the guar gum market.

Guar Gum Market Report Scope and Research Methodology

Market Size in 2023: USD 0.96 Billion

Market Size in 2030: USD 1.59 Billion

CAGR: 7.4 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 221

No. of Tables: 140

No. of Charts and Figures: 193

Segment Covered: By Grade, Function, and Application

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 20232030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs [https://www.maximizemarketresearch.com/request-sample/17787]

The Guar Gum Market report offers a comprehensive overview of industry trends, competitive dynamics, and regional insights, providing valuable analysis of market dynamics. Through a bottom-up approach, it estimates global, regional, and country-level market sizes, employing both primary and secondary research methods. Secondary research taps into official databases, government sources, and industry journals, while primary research involves expert interviews for data validation. Market players are evaluated based on production capacity, sales, revenue, and geographical reach. The report employs PESTLE and PORTER analysis to assess the impact of micro and macro-economic factors, ensuring authenticity and offering valuable insights for stakeholders navigating the Guar Gum industry landscape.

Guar Gum Market Dynamics

The increasing demand for natural products in the food and beverage sectors is set to drive the Guar Gum market's growth. Rich in dietary fiber, Guar Gum aids digestion, amplifying its global consumption. Manufacturers highlight its nutritional benefits further driving uptake. Guar Gum serves as a crucial thickening agent in food production and finds diverse applications in ceramic glazes, rolling papers, and watercolor paints. Widely utilized in microencapsulation across confectionery, beverage, bakery, and dairy sectors Guar Gum's reach spans various industries and fostering market growth. This trend underscores the versatile utility of Guar Gum and driving its growth trajectory across diverse sectors.

Guar Gum Market Regional Insights

North America, including the U.S., Canada, and Mexico, emerges as a key player especially in food-grade guar gum. This region significantly contributes to the global market's growth. Meanwhile, the Asia-Pacific region shows promising growth potential, driven by increased usage in personal care and pharmaceuticals. Additionally, industries like painting, ceramics, and printmaking in Asia-Pacific are bolstering guar gum demand. Detailed country-wise analysis delves into market influencers, regulatory changes, and technical trends. Factors like global brand presence, competition with local brands, and trade dynamics shape market forecasts, highlighting the complex interplay of global and local factors.

Request For Free Sample Report :https://www.maximizemarketresearch.com/request-sample/17787

Guar Gum Market Segmentation

By Grade

* Pharmaceutical
* Industrial
* Food

Based on the Grade, Segmented into Pharmaceutical, Industrial, and Food grades, the Guar Gum market witnessed the Food segment leading. This surge is propelled by the increasing demand for convenience foods driven by shifting lifestyles and rising incomes worldwide. Preference for low-calorie, low-fat options further boosts Guar Gum's favorability. Manufacturers, focusing on technological advancements and contribute to this segment's rapid growth. Industrial grade finds extensive use in hydraulic fracking for shale oil and gas extraction and poised to escalate alongside the shale industry. Meanwhile, the Pharmaceutical segment anticipates substantial growth and reflecting its diverse applications in healthcare.

By Function

* Stabilizer & Emulsifier
* Thickening & Gelling Agent
* Binder
* Friction Reducer

By Application

* Oil & Gas
* Food & Beverage
* Pharmaceuticals & Cosmetics

Guar Gum Key Manufacturers include:

North America Region

* Cargill Inc.
* Ingredion
* DuPont
* Tate & Lyle
* FMC Corporation

Europe Region

* AEP Colloids
* Herbstreith & Fox
* Givaudan

Asia Pacific Region

* India Glycols
* Shree Ram India Gums
* Vikas WSP
* Jai Bharat Gum & Chemicals LTD
* Rama Gum Industries Ltd.
* Altrafine Gums
* Lucid Colloids
* Supreme Gums Pvt Ltd
* Ashapura Proteins Ltd.
* Agro Gums
* Dabar India Ltd.
* Hindustan Gum and Chemicals Ltd.
* Dwarkesh Industries
* JD Gum and Chemicals
* Avlast Hydrocolloids
* Kapadia Gumchem Industries
* Indian Hydrocolloids

Key questions answered in the Guar Gum Market are:

* What is Guar Gums and how does it work?
* Who are the leading companies and what growth strategies are the players adopting to increase their presence in the Guar Gum Market?
* What is the current size and growth rate of the global Guar Gum market?
* What are the main factors driving the growth of the Guar Gum market?
* Which segment of the Guar Gum Market dominated the industry and what segment is expected to grow at a high rate during the forecast period?
* What are the most lucrative geographic regions for Guar Gum sales, and what factors contribute to their attractiveness?
* How do pricing strategies vary across different market segments and geographic regions within the Guar Gum market?
* What are the regulatory and compliance requirements that industry players need to adhere to when manufacturing and selling Guar Gum systems?
* What are the potential risks and challenges that could impact the growth and profitability of companies operating in the Guar Gum market?
* What are the market entry barriers for new players looking to enter the Guar Gum industry, and how can they be overcome?

Key Offerings:

* Past Market Size and Competitive Landscape (2018 to 2022)
* Past Pricing and price curve by region (2018 to 2022)
* Market Size, Share, Size, and Forecast by Different Segments | 20242030
* Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region

* Competitive Landscape - Profiles of selected key players by region from a strategic perspective

* Competitive landscape - Market Leaders, Market Followers, Regional player
* Competitive benchmarking of key players by region

* PESTLE Analysis
* PORTER's analysis
* Value chain and supply chain analysis
* Legal Aspects of business by region
* Lucrative business opportunities with SWOT analysis
* Recommendations

Maximize Market Research is leading Chemical and Material research firm, has also published the following reports:

Solvent Recovery and Recycling Market [https://www.maximizemarketresearch.com/market-report/solvent-recovery-and-recycling-market/227590/]: The Solvent Recovery and Recycling Market size was valued at USD 1112.64 Million in 2023 and the total Solvent Recovery and Recycling revenue is expected to grow at a CAGR of 5.89% from 2024 to 2030, reaching nearly USD 1660.93Million by 2030.

Ferrosilicon Market [https://www.maximizemarketresearch.com/market-report/ferrosilicon-market-market/223310/]: The Ferrosilicon Market size was valued at USD 11.79 Bn in 2023 and is expected to reach USD 14.01 Bn by 2029, at a CAGR of 2.5%.

Chlorothalonil Market: The Chlorothalonil Market size was valued at USD 285.60 Million in 2023 and the total Chlorothalonil revenue is expected to grow at a CAGR of 6.4% from 2024 to 2030, reaching nearly USD 440.91 Million by 2030.

About Maximize Market Research:

Maximize Market Research is a premier global market research and consulting firm. Specializing in delivering actionable insights across various industries, we provide comprehensive reports, custom solutions, and consulting services. With advanced research methodologies and a team of experienced analysts, we empower clients to make informed decisions and achieve sustainable growth. Whether you're a multinational corporation or a startup, MMR is your trusted partner for navigating market dynamics and maximizing opportunities.

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: L Godage
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=guar-gum-market-size-to-reach-usd-159-billion-by-2030-at-a-significant-cagr-of-74-percent-predicted-by-maximize-market-research]
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-guar-gum-market/17787/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Guar Gum Market size to reach USD 1.59 billion by 2030 at a significant CAGR of 7.4 percent - Predicted by Maximize Market Research here

News-ID: 3487968 • Views:

More Releases from ABNewswire

Applications of 5-50mm security camera lens
Applications of 5-50mm security camera lens
The application scenarios of 5-50 mm surveillance lenses are primarily categorized according to the variations in field of view resulting from changes in focal length. The specific applications are as follows: 1. Wide-angle range (5-12 mm) Panoramic monitoring for confined spaces A focal length of 5-8 mm (with a field of view of 60 degrees -90 degrees ) is suitable for enclosed small areas within 5 times 5 meters, such as elevator
Daniel Smart Manufacturing Empowers Riders with their New Custom Builder Feature on Leather Jackets & Vests
Daniel Smart Manufacturing Empowers Riders with their New Custom Builder Feature …
A leather jacket [https://danielsmartmfg.com/collections/mens-leather-motorcycle-jackets] for a rider is an essential part of their ride, and it makes them feel incomplete without it whenever they hit the road. If you are a biker, you must know what it means. Now imagine you can design your leather jacket your way, which may further enhance your experience on the road. Well, Daniel Smart, a renowned brand in the leather jacket industry, is now
Global Semiconductor Precision Parts Market to Reach USD 33.09 Billion by 2030, Expansion Creates Strategic Opportunities | Arizton
Global Semiconductor Precision Parts Market to Reach USD 33.09 Billion by 2030, …
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025-2030. According to Arizton research, the global semiconductor precision parts market [https://www.arizton.com/market-reports/semiconductor-precision-parts-market] size was valued at USD 20.25 billion in 2024 and is expected to reach USD 33.09 billion by 2030, growing at a CAGR of 8.53% during the forecast period. Explore the Full Market Insights: [https://www.arizton.com/market-reports/semiconductor-precision-parts-market] Report Summary: Market Size (2030): USD 33.09 Billion Market Size (2024): USD 20.25 Billion CAGR
Breaking Barriers: Amirhamza Hotak's Role in Advancing Cricket in the U.S. Against the Odds
Breaking Barriers: Amirhamza Hotak's Role in Advancing Cricket in the U.S. Again …
The U.S. cricket team has long relied on foreign-born players, slowing the rise of homegrown talent. Despite some youth programs, a strong system is still lacking. Amir Hamza Hotak stands out for devoting his prime years to both playing and coaching, mentoring young cricketers nationwide and making a key contribution to building a sustainable future for U.S. cricket. As noted in several articles, including by Peter Della Penna in ESPN Cricinfo

All 5 Releases


More Releases for Gum

Energy Gum Market Report 2025-2032| NeuroGum, Rev Gum, Apollo Energy Gum
HTF MI just released the Global Energy Gum Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Energy Gum Market are: NeuroGum, Rev Gum, Apollo Energy
Natural Chewing Gum Market Size, Trends Analysis 2031 by Key Vendors- Quip Gum, …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Natural Chewing Gum Market size was valued at USD 16.8 Billion in 2023 and is projected to reach USD 25.9 Billion by 2031, growing at a CAGR of 2.8% during the forecasted period 2024 to 2031. The Natural Chewing Gum Market presents considerable growth opportunities due to increasing consumer demand for clean-label, organic, and environmentally friendly products. As awareness of
Biodegradable Chewing Gum Market to see Huge Growth by key players True Gum, Sim …
Advance Market Analytics published a new research publication on "Biodegradable Chewing Gum Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biodegradable Chewing Gum market was mainly driven by the increasing R&D spending across the world. Get inside Scoop of the
Global Hydrocolloids Market Key Players, Types: Gelatin, Pectin, Carrageenan, Xa …
The global hydrocolloids market is estimated to be valued at USD 11.2 Billion in 2023 and is projected to reach USD 14.5 billion by 2028, at a CAGR of 5.4% during the forecast period. Hydrocolloids are widely used in many food formulations to improve quality attributes and shelf-life. Hydrocolloids expressed in food are affected by several factors, such as orientation and molecular association, water-binding and swelling, concentration, particle size, degree
Biodegradable Chewing Gum Market Is Booming Worldwide : Nuud Gum, True Gum, Simp …
Advance Market Analytics published a new research publication on "Biodegradable Chewing Gum Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biodegradable Chewing Gum market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample
Guar Gum Market | Modern Business Tactics and SWOT Analysis | Keyplayers- Jai Bh …
According to SMI's latest research, the Guar Gum market is expected to achieve the greatest growth between 2021 and 2028. The focus of this Guar Gum market intelligence report is based on skilled research insights and complete industry dynamics to focus on current trends, industry financial overview, and historical data evaluation. The company profile is based on the current Guar Gum market performance (including driving factors, trends, and challenges) calculated