The global guar gum market is anticipated to grow at a significant rate during the forecast period owing to increasing demand for guar gum from the oil & gas industry and growing need for dairy and frozen foods. Further, changing eating habits is leading to the growing demand for convenience food which is supporting the demand for guar gum in the market.
Guar gum is a natural gum extracted from guar beans. They provide an excellent thickening consistency, eight times better than the original consistency of other gums. They could bind with water molecule. Therefore, they find application in various food products including dressings, baking mixes and milk products. The rapidly growing pharmaceutical industry is also providing a great opportunity for the growth of global guar gum market.
Global guar gum market can be segmented based on
Major companies operating in the global guar gum market include Vikas WSP Ltd., Abdullahbhai Abdul Kader Group, Cargill Incorporated, Shree Ram Industries, Rama Gum Industries (India) Pvt. Ltd., DuPont Nutrition & Health, Agro Gums, Lotus Gums & Chemicals, India Gycols Ltd., Amba Gums & Feeds Products, Vasundhara Gums & Chemicals, Hindustan Gums & Chemicals Ltd., The Lucid Group and Ingredion Incorporated, among others. The market is highly competitive with presence of both small scale and large-scale players. The companies are investing in strong distribution network and sales channel to increase their market share.
Objective of the Study
- To analyse and forecast the market size of global guar gum market.
- To forecast global guar gum market based on function, application, grade, company
and regional distribution.
- To identify drivers and challenges for global guar gum market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc. in global guar gum market.
- To identify and analyse the profile of leading players operating in
the global guar gum market.
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Market Insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights research sourced a list of guar gum manufacturing companies across the globe. Subsequently, Market Insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights research could include the vendors which could not be identified due to the limitations of secondary research.
Market Insights research calculated global guar gum market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market Insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market Insights research.
Key Target Audience
- Guar gum manufacturing companies/partners
- Suppliers/Distributers
- End-Users
- Government bodies such as regulating
authorities and policy makers
- Organizations, industry associations, forums
and alliances related to guar gum market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as guar gum manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base
Year
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2022
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Historical
Years
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue in
USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report
Coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments
Covered
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·
Function
·
Application
·
Grade
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Regional
Scope
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North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa
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Country
Scope
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United States; Canada; Mexico; China; India; Japan; Malaysia;
Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain;
Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South
Africa; Egypt
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Key
Companies Profiled
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Vikas WSP Ltd., Abdullahbhai
Abdul Kader Group, Cargill Incorporated, Shree Ram Industries, Rama Gum
Industries (India) Pvt. Ltd., DuPont Nutrition & Health, Agro Gums, Lotus
Gums & Chemicals, India Gycols Ltd., Amba Gums & Feeds Products,
Vasundhara Gums & Chemicals, Hindustan Gums & Chemicals Ltd., The
Lucid Group and Ingredion Incorporated.
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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing
and Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special request)
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