Global Guar Gum Market by Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder), By End-Use (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Global Guar Gum Market is expected to be driven by a rising number of its applications, including wastewater treatment, mud formulation, oil drilling and recovery, mining, etc.

Market.US announces the publication of its most recently generated research report titled, “Global Guar Gum Market by Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, Other Functions), By End- Use (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics, Other End Use), and by Region – Global Forecast to 2030”, which offers a holistic view of the global Guar Gum market through systematic segmentation that covers every aspect of the target market.

The global Guar Gum market is projected to be US$ 928.3 Mn in 2020 to reach US$ 1,298.3 Mn by 2030 at a CAGR of 3.4%.

Guar gum is a galactomannan derived from guar beans and is widely used in food, paper, pharmaceutical, petroleum industry, and other fields. It is an extract of the guar seed of the Cyamopsis tetragonoloba plant, which is mainly grown in India, Pakistan, and small areas in China, Australia, and other regions. Guar gum is composed of extracellular polysaccharides and has a linear chain of β-1,4-linked mannose residues as its main chain.

Each galactose contains galactose residues, forming short side branches. This structure of guar gum increases its solubility and helps increase viscosity, which contributes to its wide application in various industries. The viscosity of commercial guar gum varies according to the molecular weight of the galactomannan present in the seeds and is measured with a molecular weight measuring instrument.

Global Guar Gum Market Revenue (US$ Mn), 2020–2029

Guar gum is widely used for various applications, which include wastewater treatment, mud formulations, oil drilling and recovery, mining, etc. owing to its physical properties such as wet strength additive, gelling agent, floatation agent, and others. This acts as one of the main factors that is expected to propel the growth of the target market.

Studies have shown that the use of guar gum in food helps to lower blood sugar in individuals as well as reduce the cholesterol level in the body. Health-conscious individuals also used Guar gum for weight maintenance as it is shown to reduce the appetite and the calorie intake of the body. This acts as yet another factor that is expected to positively affect the growth of global Guar gum market.

High doses of guar gum cause several health problems such as low digestibility, intestinal problem, bloating, and other harmful health problems. The government has set up several guidelines to ensure that guar gum is used in an appropriate amount in the product to prevent toxicity. Several other alternatives of guar gum such as agar agar, gelatin, carrageenan etc. are available in the market. This acts as one of the major factors that is expected to negatively affect the growth of global guar gum market

Global Guar Gum Market Attractiveness Analysis by Guar Gum Grade, 2014–2029

The global guar gum market can be segmented based on grade, function, end-use, and regions. Based on the grade the guar gum market can be segmented into food grade, industrial grade, pharmaceutical grade. Based on function, the global guar gum market can be segmented into Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, and other functions.

Furthermore, the market can also be segmented on the basis of end-use into oil & gas, food & beverage, pharmaceuticals and cosmetics, and other end-uses. Based on the region, the Global guar gum market can be segmented into North America, Europe, Asia-Pacific, South-America, Middle-East, and Africa.

Among the grade segments, the industrial grade segment is expected to register higher revenue growth during the forecast period. Among the function segment, the stabilizer and emulsifier segment is expected to register a relatively higher revenue growth over the forecast period. Among the regions, revenue from the market in North America is expected to register a higher growth rate as compared to markets in other regions over the forecast period

The research report on the global Guar Gum market includes profiles of some of the major companies such Cargill, Incorporated, Dupont De Nemours and Company, Ashland Inc., Dabur India Ltd, India Glycols Ltd, Vikas WSP Ltd., Hindustan Gums, Lucid Colloids Ltd., Rama Gum Industries (India) Limited, Shree Ram Industries.

Segmentation for Global Guar Gum Market, based on Grade, Function, End-Use and Regions:

Based on Grade:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

Based on Function:

• Stabilizer & Emulsifier
• Thickening & Gelling Agent
• Binder
• Other Functions

Based on End-Use:

• Oil & Gas
• Food & Beverage
• Pharmaceuticals & Cosmetics
• Other End-Uses

Based on Key Players

• Cargill
• Incorporated
• Dupont De Nemours and Company
• Ashland Inc.
• Dabur India Ltd
• India Glycols Ltd
• Vikas WSP Ltd.
• Hindustan Gums
• Lucid Colloids Ltd.
• Rama Gum Industries (India) Limited
• Shree Ram Industries.

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

For the Guar Gum Market research study, the following years have been considered to estimate the market size: