Guar Gum Global Market Report 2024

Description

Guar Gum Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on guar gum market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for guar gum? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The guar gum market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Food Grade; Industrial Grade; Pharmaceutical Grade
2) By Function: Stabilizer; Emulsifier; Thickening; Gelling Agent; Binder; Friction Reducer
3) By End Use Industry: Food and Beverages; Fracking; Textiles; Pharmaceuticals; Other End Use Industries
Companies Mentioned: Jai Bharat Gum & Chemicals Ltd.; Vikas WSP Ltd.; Hindustan Gum & Chemicals Ltd.; Lucid Group; Supreme Gums Pvt. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Guar gum is a gel-forming fiber extracted from guar beans, a type of legume. It serves as a valuable sizing material and thickening agent across several industries.

The primary classifications of guar gum are food grade, industrial grade, and pharmaceutical grade. Food grade guar gum is deemed safe for food production and consumption, commonly employed as emulsifiers and thickeners in food products. Its diverse functions span stabilization, emulsification, thickening, gel formation, binding, and reducing friction, finding applications across various sectors such as food and beverages, fracking, textiles, pharmaceuticals, and other industries.

The guar gum market research report is one of a series of new reports from The Business Research Company that provides guar gum market statistics, including guar gum industry global market size, regional shares, competitors with a guar gum market share, detailed guar gum market segments, market trends and opportunities, and any further data you may need to thrive in the guar gum industry. This guar gum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The guar gum market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. Historical growth can be attributed to innovation in production and processing methods, expanded agricultural applications, usage within cosmetics and personal care products, contributions to the textile and paper industries, and advancements in pharmaceutical formulations.

The guar gum market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period is driven by increased demand for gluten-free products, expansions within the pharmaceutical and nutraceutical sectors, a rising need for natural emulsifiers, continued demand within the oil and gas industries, and exploration of biomedical applications. Major trends expected during this period encompass innovations in guar gum production, the adoption of sustainable agriculture practices in its cultivation, increased utilization in pharmaceutical formulations, ongoing product innovations, and strategic collaborations within the industry.

The escalating demand for convenience foods is set to drive the growth of the guar gum market. Guar gum, a pivotal food additive enhancing the quality of processed foods, is witnessing increased utilization in soups, pastries, bread, and snacks, aligning with the rising preference for processed food products. Notably, in 2022, the US exported processed food products valued at $38 billion, marking a 10.96% increase from the previous year. Additionally, the convenience food sector in 2021 was estimated at £12,648 million, showcasing the growing market demand.

The expansion of global oil and gas exploration activities is poised to bolster the guar gum market. Guar gum's utilization in enhancing the viscosity of fracturing fluids for hydraulic fracturing in the oil and gas sector drives its demand. Forecasts project a significant surge in crude oil production in the United States, reaching 12.8 million barrels per day by 2024, surpassing previous records. This expansion in oil and gas activities is anticipated to further drive the guar gum market's growth.

The surging preference for organic products is anticipated to fuel the growth of the guar gum market. Organic products, free from artificial chemicals and GMOs, incorporate guar gum as an additive, aligning with the rising demand for organic food and beverages. Notably, between 2020 and 2021, organic food sales exceeded $63 billion, with a 2 percent growth over the year, reflecting the burgeoning popularity of organic products and their influence on driving the demand for guar gum.

Technological advancements constitute a prominent trend in the guar gum market, empowering major companies to fortify their market positions. Notable among these advancements is Solvay's collaboration with BanQu in 2021 to launch a blockchain technology platform catering to the guar supply chain. This innovative solution offers transparency, traceability, and equitable revenue distribution among approximately 2000 farmers, revolutionizing the industry's operational dynamics.

Major players in the guar gum market are innovating with products like biodegradable guar-based polymers, aligning with customer demands and revenue growth objectives. Solvay, for instance, introduced the Jaguar NAT SGI and Jaguar Excel in March 2022, expanding its biodegradable guar-based product line for beauty care. These new ingredients meet global regulations and consumer preferences for sustainable beauty products, offering a comprehensive range of solutions rated highly for biodegradability according to OECD guidelines.

Major companies operating in the guar gum market report are Jai Bharat Gum & Chemicals Ltd., Vikas WSP Ltd., Hindustan Gum & Chemicals Ltd., Lucid Group, Supreme Gums Pvt. Ltd., India Glycols Ltd., Rama Gum Industries Ltd., Nutriroma, AEP Colloids Inc., Shree India Sino Gums Pvt Ltd., Cargill Incorporated, Ashland Inc., Neelkants Polymers Pvt. Ltd., Altrafine Gums, Lamberti S.p.A, Dabur India Ltd., Ingredion Inc., TIC Gums Inc., DuPont de Nemours Inc., Penford Corporation, Shree Ram India Gums Limited, Guar Resources LLC, Global Gums & Chemicals Pvt. Ltd., Ruchi Soya Industries Ltd., Vikas Granaries Ltd., Raj Gum Industries Pvt. Ltd., Sarda Bio Polymers Pvt. Ltd., Shree Ram Industries, Shree Gajanan Industries, Shree Laxminarayan Industries.

North America was the largest region in the guar gum market share in 2023. The regions covered in the guar gum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the guar gum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The guar gum market consists of sales of guar gum powder, guar meal, guar split, and guar seed. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12748

1. Executive Summary

2. Guar Gum Market Characteristics

3. Guar Gum Market Trends And Strategies

4. Guar Gum Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Guar Gum Market Size and Growth

5.1. Global Guar Gum Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Guar Gum Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Guar Gum Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Guar Gum Market Segmentation

6.1. Global Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food Grade
Industrial Grade
Pharmaceutical Grade
6.2. Global Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Stabilizer
Emulsifier
Thickening
Gelling Agent
Binder
Friction Reducer
6.3. Global Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food and Beverages
Fracking
Textiles
Pharmaceuticals
Other End Use Industries

7. Guar Gum Market Regional And Country Analysis

7.1. Global Guar Gum Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Guar Gum Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Guar Gum Market

8.1. Asia-Pacific Guar Gum Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Guar Gum Market

9.1. China Guar Gum Market Overview
9.2. China Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Guar Gum Market

10.1. India Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Guar Gum Market

11.1. Japan Guar Gum Market Overview
11.2. Japan Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Guar Gum Market

12.1. Australia Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Guar Gum Market

13.1. Indonesia Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Guar Gum Market

14.1. South Korea Guar Gum Market Overview
14.2. South Korea Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Guar Gum Market

15.1. Western Europe Guar Gum Market Overview
15.2. Western Europe Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Guar Gum Market

16.1. UK Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Guar Gum Market

17.1. Germany Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Guar Gum Market

18.1. France Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Guar Gum Market

19.1. Italy Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Guar Gum Market

20.1. Spain Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Guar Gum Market

21.1. Eastern Europe Guar Gum Market Overview
21.2. Eastern Europe Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Guar Gum Market

22.1. Russia Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Guar Gum Market

23.1. North America Guar Gum Market Overview
23.2. North America Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Guar Gum Market

24.1. USA Guar Gum Market Overview
24.2. USA Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Guar Gum Market

25.1. Canada Guar Gum Market Overview
25.2. Canada Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Guar Gum Market

26.1. South America Guar Gum Market Overview
26.2. South America Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Guar Gum Market

27.1. Brazil Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Guar Gum Market

28.1. Middle East Guar Gum Market Overview
28.2. Middle East Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Guar Gum Market

29.1. Africa Guar Gum Market Overview
29.2. Africa Guar Gum Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Guar Gum Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Guar Gum Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Guar Gum Market Competitive Landscape And Company Profiles

30.1. Guar Gum Market Competitive Landscape
30.2. Guar Gum Market Company Profiles
- 30.2.1. Jai Bharat Gum & Chemicals Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Vikas WSP Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Hindustan Gum & Chemicals Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Lucid Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Supreme Gums Pvt. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Guar Gum Market Competitive Benchmarking

32. Global Guar Gum Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Guar Gum Market

34. Guar Gum Market Future Outlook and Potential Analysis

34.1 Guar Gum Market In 2028 - Countries Offering Most New Opportunities
34.2 Guar Gum Market In 2028 - Segments Offering Most New Opportunities
34.3 Guar Gum Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer