Guar Gum Market: Rising Demand in Food Processing and Hydraulic...

Guar Gum Market: Rising Demand in Food Processing and Hydraulic Fracturing Fuels Growth

Posted 2024-10-17 08:49:51

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.

Guar Gum Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Guar Gum Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Guar Gum market by thorough analysis, and projections are made up to 2030.

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Guar Gum Market Scope and Methodology:

The Guar Gum market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Guar Gum market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Guar Gum market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Guar Gum market were developed. The study provides a thorough value chain analysis that clarifies the Guar Gum production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Guar Gum market on a global and micro level.

Guar Gum Market Segmentation:

by Grade

Pharmaceutical
Industrial
Food

The market is divided into three segments: food, industrial, and pharmaceutical. The Food sector accounted for 58.70% of the market in 2023, the biggest share due to the various uses of guar gum. Over the course of the projected period, the food segment is anticipated to develop at the highest CAGR of 7.8%. Convenience food demand is expanding as a result of people's shifting eating habits, lifestyles, and disposable income worldwide. Additionally, the growing demand for low-fat and low-calorie goods is preferring guar gum, which is helping the guar gum market expand. Manufacturers are concentrating on introducing cutting-edge technology for the product in response to the growing demand for this category, which supports the segment's rapid expansion.

by Application

Oil & Gas
Food & Beverage
Pharmaceuticals & Cosmetics

The market is divided into three segments: food and beverage, pharmaceuticals and cosmetics, and oils and gas. In 2023, the oil and gas sector held a 37.62% market share in the guar gum industry. Thanks to North America's shale gas explosion. It is anticipated that a rise in drilling and exploring operations worldwide will accelerate segment expansion. The oil and gas industry mostly uses industrial grade guar gum because of its functional qualities, which include thickening, gelling, and minimizing friction. The need for guar gum in the oil and gas industry is being driven by an increase in shale gas production and an increase in the number of oil well drilling projects. Approximately 90% of the guar gum produced in India and Pakistan is used by the shale oil and gas extraction businesses.

by Function

Stabilizer & Emulsifier
Thickening & Gelling Agent
Binder
Friction Reducer

The market is divided into four segments: Friction Reducer, Binder, Thickening and Gelling Agent, and Stabilizer and Emulsifier. In 2023, the stabilizer and emulsifier category represented 54.38% of the worldwide market share, dominating the guar gum market. Over the course of the projected period, this segment is anticipated to increase at a CAGR of 6.9%. By preventing ice crystallization during storage, guar gum is used as a stabilizer in ice cream to improve viscosity and shelf life. Emulsifiers are used to combine essential oils with water in personal care products.

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Guar Gum Market Key Players:

North America
1. Cargill Inc.
2. Ingredion
3. DuPont
4. Tate & Lyle
5. FMC Corporation

Europe
6. AEP Colloids
7. Herbstreith & Fox
8. Givaudan

APAC
9. India Glycols
10. Shree Ram India Gums
11. Vikas WSP
12. Jai Bharat Gum & Chemicals LTD
13. Rama Gum Industries Ltd.
14. Altrafine Gums
15. Lucid Colloids
16. Supreme Gums Pvt Ltd
17. Ashapura Proteins Ltd.
18. Agro Gums
19. Dabar India Ltd.
20. Hindustan Gum and Chemicals Ltd.
21. Dwarkesh Industries
22. JD Gum and Chemicals
23. Avlast Hydrocolloids
24. Kapadia Gumchem Industries
25. Indian Hydrocolloids

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Guar Gum Market Regional Insights :

The size and trends in the Guar Gum market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Guar Gum Market are:

What is Guar Gum?
What was the Guar Gum market size in 2023?
Which are the factors expected to drive the Guar Gum market growth?
Who are the leading companies and what are their portfolios in Guar Gum Market?
What growth strategies are the players considering to increase their presence in Guar Gum?
What are the upcoming industry applications and trends for the Guar Gum Market?
What will be the CAGR at which the Guar Gum market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Guar Gum Market?
What are the different segments of the Guar Gum Market?
What is the growth rate of the Guar Gum Market?
What segments are covered in the Guar Gum Market?
Who are the key players in the Guar Gum market?
What are the key challenges and opportunities in the Guar Gum market?
Which application holds the highest potential in the Guar Gum market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018-2023)
Past Pricing and price curve by region (2018-2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and 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

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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