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Global Guar Gum Market Size Study & Forecast, by Grade (Pharmaceutical Grade, Industrial Grade, Food Grade), by Function (Stabilizer & Emulsifier, Thickening & Gelling Agent, Binder, Friction Reducer, Others), by Application (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics, Others) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G511CB46D0D6EN
Bizwit Research & Consulting LLP

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Global Guar Gum Market is valued at approximately USD 651.5 million in 2022 and is anticipated to grow with a healthy CAGR of more than 4.4% over the forecast period 2023-2030. Guar gum is a galactomannan polysaccharide extracted from guar beans that has thickening and stabilizing properties useful in food, feed, and industrial applications. It is available in powdered form and is utilized in various food and industrial applications to provide stability, emulsification, and thickening properties. Guar gum is renowned for its ability to achieve high viscosity. Moreover, it is non-toxic, low in calories, and rich in fiber, further enhancing its appeal and utilization. Additionally, the changing eating habits and the increasing demand for convenience food are expected to influence industry trends. Guar gum, as an additive, plays a crucial role by providing processed food with extended and stable shelf life. This contribution is anticipated to drive the growth of the market.

The increasing demand for natural and organic products in the food and beverage sectors is anticipated to drive substantial growth in the guar gum market throughout the forecast period. According to a report by Statista in 2023, the sales of organic food witnessed remarkable growth, reaching approximately USD 132.74 billion in 2021. This marked a significant increase from the sales of nearly USD 18 billion recorded in 2000. Additionally, The pharmaceutical industry is expected to experience growth due to factors such as an aging population and an increasing prevalence of non-communicable diseases and chronic disorders. This, in turn, is anticipated to drive the consumption of guar gum products. However, the market is likely to face several challenges related to unpredictable production and supply due to the reliance of crops on adequate rainfall. The fluctuating raw material prices is a key factor contributing to price fluctuations in the market during the forecast period of 2023-2030

The key regions considered for the Global Guar Gum Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The regional market growth is primarily driven by the significant growth in the adoption of hydraulic fracking and oil well drilling in the oil and gas industry. This trend is expected to persist throughout the forecast period due to the abundance of technically recoverable oil and gas resources in the region. Asia Pacific is expected to fastest growing region during the forecast period, owing to factors such as the growing utilization of guar gum in the personal care and pharmaceutical industries. Additionally, the increasing use of guar gum in applications such as painting, ceramics, and printmaking is anticipated to play a significant role in the industrial growth of guar gum within the region.

Major market players included in this report are:
Hindustan Gum & Chemicals Ltd.
Jai Bharat Gum & Chemicals Ltd.
Vikas WSP, Ltd.
India Glycols, Ltd.
Shree Ram Group of Industries
Altrafine Gums
Lucid Group
Supreme Gum Pvt. Ltd.,
Neelkants Polymers.
Kerry Group plc

Recent Developments in the Market:
In May 2023, Nestlй India introduced Resource Fiber Choice as a gut health solution. According to the company, Resource Fiber Choice is formulated with Partially Hydrolyzed Guar Gum (PHGG), a prebiotic dietary fiber that has demonstrated benefits in relieving constipation and promoting better gut health.
Global Guar Gum Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Grade, Function, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Grade:
Pharmaceutical Grade
Industrial Grade
Food Grade

By Function:
Stabilizer & Emulsifier
Thickening & Gelling Agent
Binder
Friction Reducer
Others

By Application:
Oil & Gas
Food & Beverage
Pharmaceuticals & Cosmetics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. Guar Gum Market, by Region, 2020-2030 (USD Million)
  1.2.2. Guar Gum Market, by Grade, 2020-2030 (USD Million)
  1.2.3. Guar Gum Market, by Function, 2020-2030 (USD Million)
  1.2.4. Guar Gum Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL GUAR GUM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL GUAR GUM MARKET DYNAMICS

3.1. Guar Gum Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for natural and organic products in the food and beverage sectors
    3.1.1.2. Changing eating habits
  3.1.2. Market Challenges
    3.1.2.1. Disruptions in supply chain
    3.1.2.2. Fluctuating raw material prices
  3.1.3. Market Opportunities
    3.1.3.1. Increasing prevalence of non-communicable diseases and chronic disorders
    3.1.3.2. Increasing aging population

CHAPTER 4. GLOBAL GUAR GUM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GUAR GUM MARKET, BY GRADE

5.1. Market Snapshot
5.2. Global Guar Gum Market by Grade, Performance - Potential Analysis
5.3. Global Guar Gum Market Estimates & Forecasts by Grade 2020-2030 (USD Million)
5.4. Guar Gum Market, Sub Segment Analysis
  5.4.1. Pharmaceutical Grade
  5.4.2. Industrial Grade
  5.4.3. Food Grade

CHAPTER 6. GLOBAL GUAR GUM MARKET, BY FUNCTION

6.1. Market Snapshot
6.2. Global Guar Gum Market by Function, Performance - Potential Analysis
6.3. Global Guar Gum Market Estimates & Forecasts by Function 2020-2030 (USD Million)
6.4. Guar Gum Market, Sub Segment Analysis
  6.4.1. Stabilizer & Emulsifier
  6.4.2. Thickening & Gelling Agent
  6.4.3. Binder
  6.4.4. Friction Reducer
  6.4.5. Others

CHAPTER 7. GLOBAL GUAR GUM MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Guar Gum Market by Application, Performance - Potential Analysis
7.3. Global Guar Gum Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Guar Gum Market, Sub Segment Analysis
  7.4.1. Oil & Gas
  7.4.2. Food & Beverage
  7.4.3. Pharmaceuticals & Cosmetics
  7.4.4. Others

CHAPTER 8. GLOBAL GUAR GUM MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Guar Gum Market, Regional Market Snapshot
8.4. North America Guar Gum Market
  8.4.1. U.S. Guar Gum Market
    8.4.1.1. Grade breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Function breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Guar Gum Market
8.5. Europe Guar Gum Market Snapshot
  8.5.1. U.K. Guar Gum Market
  8.5.2. Germany Guar Gum Market
  8.5.3. France Guar Gum Market
  8.5.4. Spain Guar Gum Market
  8.5.5. Italy Guar Gum Market
  8.5.6. Rest of Europe Guar Gum Market
8.6. Asia-Pacific Guar Gum Market Snapshot
  8.6.1. China Guar Gum Market
  8.6.2. India Guar Gum Market
  8.6.3. Japan Guar Gum Market
  8.6.4. Australia Guar Gum Market
  8.6.5. South Korea Guar Gum Market
  8.6.6. Rest of Asia Pacific Guar Gum Market
8.7. Latin America Guar Gum Market Snapshot
  8.7.1. Brazil Guar Gum Market
  8.7.2. Mexico Guar Gum Market
8.8. Middle East & Africa Guar Gum Market
  8.8.1. Saudi Arabia Guar Gum Market
  8.8.2. South Africa Guar Gum Market
  8.8.3. Rest of Middle East & Africa Guar Gum Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Hindustan Gum & Chemicals Ltd.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Jai Bharat Gum & Chemicals Ltd.
  9.3.3. Vikas WSP, Ltd.
  9.3.4. India Glycols, Ltd.
  9.3.5. Shree Ram Group of Industries
  9.3.6. Altrafine Gums
  9.3.7. Lucid Group
  9.3.8. Supreme Gum Pvt. Ltd.,
  9.3.9. Neelkants Polymers.
  9.3.10. Kerry Group plc

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Guar Gum Market, report scope
TABLE 2. Global Guar Gum Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Guar Gum Market estimates & forecasts by Grade 2020-2030 (USD Million)
TABLE 4. Global Guar Gum Market estimates & forecasts by Function 2020-2030 (USD Million)
TABLE 5. Global Guar Gum Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Guar Gum Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Guar Gum Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Guar Gum Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Guar Gum Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Guar Gum Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Guar Gum Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Guar Gum Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Guar Gum Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Guar Gum Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Guar Gum Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Guar Gum Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Guar Gum Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Guar Gum Market
TABLE 71. List of primary sources, used in the study of global Guar Gum Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Guar Gum Market, research methodology
FIG 2. Global Guar Gum Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Guar Gum Market, key trends 2022
FIG 5. Global Guar Gum Market, growth prospects 2023-2030
FIG 6. Global Guar Gum Market, porters 5 force model
FIG 7. Global Guar Gum Market, pest analysis
FIG 8. Global Guar Gum Market, value chain analysis
FIG 9. Global Guar Gum Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Guar Gum Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Guar Gum Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Guar Gum Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Guar Gum Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Guar Gum Market, regional snapshot 2020 & 2030
FIG 15. North America Guar Gum Market 2020 & 2030 (USD Million)
FIG 16. Europe Guar Gum Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Guar Gum Market 2020 & 2030 (USD Million)
FIG 18. Latin America Guar Gum Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Guar Gum Market 2020 & 2030 (USD Million)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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