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Guar gum is a natural polymer extract of the guar seed, which is also known as gellan gum or goma guar. Guar gum is a rich source of galactomannan polysaccharide. The guar seeds are first dried in the sun and then processed into guar flour. It is useful as a stabilizer, emulsifier, and thickener for various food & industrial products. The most significant feature of guar gum is its nontoxic nature, low-calorie content, ability to attain high viscosity, and high fiber content. Due to these features and properties of guar gum, it has numerous applications in several industries such as the food & beverage industry, pharmaceutical industry, oil & gas industry, mining & explosive industry, cosmetic industry, paper manufacturing industry, and many others. Besides this, guar gum has many functions such as friction, gelling, thickening, binding, flocculating, coagulating, strengthening, and hardening.
India is the largest producer of guar gum and accounts for about 80% of global production, and is approximately one-third of the total agricultural exports of the country.
Due to the significant rise in demand for guar gum across the globe and applications in numerous industries, forecasters predict that the global guar gum market will significantly expand at an appreciable growth rate during the forecast period.
COVID-19 scenario analysis
Widespread applications of guar gum in various industries coupled with its multifunctional properties is the main factor that drives the global guar gum market. Along with this, changes in lifestyle of consumers and increase in the consumption of convenience foods in developing economies propel the market growth for guar gum. In addition to this, the pharmaceutical industry is witnessing rapid growth that fuels the demand for this product.
On the contrary, lack of research & development, weak exports, stock burden, and trade restrictions may hamper the market growth for this product. Another reason that accounts for restraining the market growth of guar gum is its high dependency on the prices of crude oil. Also, the guar plant is seasonal, and hence meeting the rising consumer and industrial demand throughout the year is not always possible. The availability of gluten-free substitutes like psyllium fiber and chia seed is emerging as a biggest threat and limiting the market growth for guar gum globally. In addition to this, due to the presence of dioxins, its high intake might weaken the immune system, which, in turn, is another reason restraining the market growth of guar gum.
However, increasing investments in research & development, bringing innovations in terms of end-use applications, finding uses in new industries, and strengthening the exports will pave new lucrative opportunities, which will propel the overall growth of the global guar gum market.
The global guar gum market trends are as follows:
Key benefits of the report:
Questions answered in the guar gum market research report:
Guar Gum Market Report Highlights
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Key Market Players | GUM Technology Corporation, FMC Corporation, Hindustan Gums and Chemicals, Beneo GmbH., Danisco, Dabur India Ltd, Archer Daniels Midland Company, India Glycols Limited, Ashland Inc., Kerry Group Plc. |
Lucid Group, Palsgaard, Royal DSM, Supreme Gums Pvt. Ltd, Shree Ram Gum, Taiyo Kagaku Co. Ltd., The USA Guar Gum, TIC Gums Inc., Vikas WSP Limited. |
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