Global Guar gum Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025

Report Code: FBR 93671 Report Format: PDF + Excel (Delivery in 48 Hrs)

Global Guar gum Market Overview 

Global Guar gum Market size was valued at $585M by 2019, and is anticipated to grow at a CAGR of 3.8% during the forecast period 2020-2025. The Global Guar gum Market growth rate is attributed to as per the changing preferences of individuals, the growing demand for convenience food coupled with increasing demand as an ingredient from the food and beverage industry, mainly as a food additive, especially for functions such as thickener, stabilizer, and binder. Guar gum is a polysaccharide which, when dissolved in water, yields hexose sugar, mannose and galactose. It is a natural additive and the most cost-effective gelling agent that hydrates readily at relatively low concentrations in cold water to achieve uniform and high viscosity. It also functions as a stabilizers and emulsifier, improves texture, improves mouth sensation and regulates the development of crystals. In addition, it is resistant to grease, fats and solvents. In addition to this, guar gum also helps to tackle various health issues such as diabetes, heart disease, bowel movements and colon cancer. Owing to its aforementioned properties, it is widely used in numerous industries.
Hence, attributable to new innovations, the natural gum property of guar has several applications in food, pharmaceuticals, and oil industries. Thus, escalating demand and adoption of product in the pharmaceutical industry is to be one of the major factors driving the overall market growth. Aging population and increasing prevalence of non-communicable diseases and chronic disorders are anticipated to fuel the growth of the pharmaceutical industry, consequently resulting in a rise in product consumption. However, owing to the reliance of crops on adequate rainfall, the market faces challenges in terms of volatile output and supply. One of the key reasons for commodity price volatility is instability in the availability of raw materials, which can cause industries such as food processing and textiles to search for other commercially viable alternatives.

Report Coverage

The report: “Global Guar gum Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Guar gum Market:
By Grade: Food-Grade, Industrial-Grade and Pharmaceutical-Grade
By Function: Thickening, Gelling agent, Stabilizing, Fat replacer, Emulsification, Preservative, Other Functions.
By End Use: Food & Beverage, Pharmaceuticals, Explosives Industry, Oilfield & Gas Industry, Paper Industries, Others.
By Geography: North America, Europe, Asia-Pacific and RoW.

Key Takeaways

  • North America dominated the Global Guar gum Market with a share of 38% in the year 2019.        
  • The factors such as growing demand for fast hydrated guar gum in the oil and gas industry and awareness about convenience food and the use of natural ingredients in food and beverage are amongst the major factor projected to impel growth of Global Guar gum Market.
  • Widespread applications in various industries such as paper, food & beverage, oil & gas industry, pharmaceutical, mining, and textile are the key factors owing to the growth in the segment during forecast period 2020-2025.
   

By Product Type - Segment Analysis

On the basis of grade, food-grade segment held the major share of the market in terms of revenue and is poised to grow with a CAGR of 3.5%. The reason is being attributed to a fast-paced way of life and changing eating patterns. Moreover, rising product demand as a natural thickener for functional foods is poised to have a positive effect on the market. Apart from this, the shale gas revolution in North America, have led to an increase in demand for industrial-grade Guar gum. As industrial grade guar gum is used in large amounts for shale oil and gas production in the hydraulic fracking process, demand is anticipated to grow in line with the U.S. shale oil and gas industry. A wide variety of applications are found, such as thickener, sizing agent, wet-end strength additive, water barrier, and gelling agent, wastewater treatment flocculating agent, emulsifier, and binding agent. To preserve the viscosity of mud and extract drill waste, it is used in oil well fracturing and stimulation and mud drilling processes in oilfields. 
However, in the near future rapidly developing pharmaceutical industry in Asia is poised to fuel demand for pharmaceutical grade guar gum. The implementation of universal healthcare is to push the pharmaceutical industry, along with the growth of Asian-based drug formulators and their efforts to provide innovative solutions. This, in turn, is projected to drive demand for pharmaceutical grade guar gum over the forecast period 2020-2025.

By Geography - Segment Analysis

North America dominated the Global Guar gum Market with a share of 38% in 2019. The application of Global Guar gum has grown rapidly over the last few years owing to important development in the acceptance in the oil and gas industry of hydraulic fracturing and oil well drilling. Owing to the availability of large, technically recoverable oil and gas resources are the major contributing factors to its large share. One of the key factors for market growth in the region is the increase in the number of oil rigs in the U.S. This has contributed to higher demand for goods, thereby pushing its costs. In addition, efforts to boost exploration activities by the U.S. government are anticipated to have a positive impact on business development. Also, a major user of guar gum in Europe is the food processing sector. It is anticipated that awareness of the weight loss benefits of the product will boost its demand. Exploration drilling in Europe is poised to bounce back, resulting in an increase in product consumption, despite disappointing exploration outcomes and a lack of investment in the oil and gas sector.
Asia Pacific is set to grow at the fastest rate during the forecast period 2020-2025 owing to the growing population, rising disposable income, and rapid urbanization have spurred the consumption of processed food. Guar gum production is concentrated in South Asian countries as they have the best climatic conditions for guar cultivation, especially India and Pakistan. Presently, India exports guar gum to more than 90 countries, US, China and Germany being its largest importers. Other major importers of guar gum are Italy, South Africa, Russia, Australia, Netherlands, Japan, Brazil, Belgium, and Canada.

Drivers – Global Guar gum Market

  • Growing Application Owing to Multifunctional Properties of Guar Gum  

With increasing knowledge of nutrition and health among consumers has led to an urge to use natural and organic goods. Guar gum is a natural ingredient derived from guar beans and provides numerous health benefits, such as raising glucose tolerance, lowering cholesterol and triglycerides of serum low-density lipoprotein (LDL). Food producers use guar gum in various food products as a stabiliser, emulsifier, thickener, binding agent, and coating agent for these properties. In addition, guar gum's other properties are fracturing, waterproofing, binding, and gelling, making it suitable for various industries such as mining, oil & gas, textiles, pharmaceuticals, explosives, and water treatment. Hence, multi-functional properties of guar gum have increased its use in various applications, thereby providing a lucrative support to the Global Guar gum market globally.  

Challenges – Global Guar gum Market

  • Rising demand of Guar Gum Substitutes

In various applications, such as food & beverages, oil & gas, mining, and others, guar gum is used. Simple substitute availability and Guar price instability, however, are some of the factors leading to the production of cheaper alternatives in different sectors of the industry. For instance, in bakery items such as cookies, muffins, cakes, and bagels, a blend of starch and psyllium is used as a replacement for guar gum. Similarly, in various industries, several big Guar gum replacements such as xanthan gum, locust bean gum, cellulose-based gum, carrageenan, pectin, and synthetic polymers are used. Thus, the availability of various substitutes at cheaper rate may hinder the growth of the guar gum market.

Global Guar gum Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Global Guar gum Market. In 2019, Global Guar gum Market share is fragmented by the top ten players present in the market. Global Guar gum Market top 10 companies are Hindustan Gum & Chemicals Ltd., Jai Bharat Gum and Chemicals Ltd, Shree Ram Industries, Rama gum industries limited, Tiku Ram Gum & Chemicals Pvt. Ltd., Dabur India Ltd., Guangrao Liuhe Chemicals Co. Ltd., Sarda Gums and Chemicals, Global Gums & Chemicals Pvt. Ltd., Ingredion Incorporated, Supreme Gums Pvt. Ltd., and others.

Acquisitions/Product Launches

  • In January 2017, ingredion Incorporated completed its acquisition with TIC Gum, as the later provides an advanced texturing system for food and beverage industry, including a wide range of products thereby, enhancing its product portfolio. 
1. Global Guar gum Market Overview
    1.1 Definitions and Scope
2. Global Guar gum Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Grade
    2.3 Key trends by End Use
    2.4 Key trends by Geography
3. Global Guar gum Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Patent Analysis – Key Companies
    3.4 Pricing Analysis
4. Global Guar gum Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Global Guar gum Market – Industry Market Entry Scenario Premium Premium
    5.1Regulatory Framework Overview
    5.2New Business and Ease of Doing business index
    5.3Case Studies of Successful Ventures
6. Global Guar gum Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3  Threat of new entrants
        6.3.4  Rivalry among existing players
        6.3.5  Threat of substitutes 
7. Global Guar gum Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Guar gum Market – By Grade (Market Size –$Million/$Billion)
    8.1 Food-Grade
    8.2 Industrial-Grade
    8.3 Pharmaceutical-Grade
9. Global Guar gum Market -  By Function (Market Size –$Million/$Billion)
    9.1 Thickening
    9.2 Gelling agent
    9.3 Stabilizing
    9.4 Fat replacer
    9.5 Emulsification
    9.6 Preservative
    9.7 Other Functions 
10. Global Guar gum Market -  By End Use (Market Size –$Million/$Billion)
    10.1 Food & Beverages
        10.1.1 Beverages
        10.1.2 Bakery & Confectionary  
        10.1.3 Milk & Dairy Products 
        10.1.4 Sauces & Salad Dressings
        10.1.5 Others
    10.2 Pharmaceuticals
    10.3 Explosives Industry
    10.4 Oilfield & Gas Industry
    10.5 Paper Industries
    10.6 Others 
11. Global Guar gum Market -  By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Global Guar gum Market - Entropy
13. Global Guar gum Market – Industry/Segment Competition Landscape      Premium  
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Global Guar gum Market – Key Company List by Country Premium  Premium
15. Global Guar gum Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3  
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
1.1 Food Grade Market 2019-2024 ($M) - Global Industry Research
1.1.1 By End User Market 2019-2024 ($M)
1.2 Industrial Grade Market 2019-2024 ($M) - Global Industry Research
1.2.1 By End User Market 2019-2024 ($M)
1.3 Fast Hydration Market 2019-2024 ($M) - Global Industry Research
1.3.1 By End User Market 2019-2024 ($M)
2.Global GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
2.1 Food Beverage Market 2019-2024 ($M) - Global Industry Research
2.1.1 By Grade Market 2019-2024 ($M)
2.2 Pharmaceuticals Market 2019-2024 ($M) - Global Industry Research
2.2.1 By Grade Market 2019-2024 ($M)
2.3 Cosmetics Market 2019-2024 ($M) - Global Industry Research
2.3.1 By Grade Market 2019-2024 ($M)
2.4 Paper Industry Market 2019-2024 ($M) - Global Industry Research
2.4.1 By Grade Market 2019-2024 ($M)
2.5 Textile Market 2019-2024 ($M) - Global Industry Research
2.5.1 By Grade Market 2019-2024 ($M)
2.5.2 By Grade Market 2019-2024 ($M)
3.Global GUARGUM MARKET, BY GRADE Market 2019-2024 (Volume/Units)
3.1 Food Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 By End User Market 2019-2024 (Volume/Units)
3.2 Industrial Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 By End User Market 2019-2024 (Volume/Units)
3.3 Fast Hydration Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 By End User Market 2019-2024 (Volume/Units)
4.Global GUARGUM MARKET, BY END USER Market 2019-2024 (Volume/Units)
4.1 Food Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 By Grade Market 2019-2024 (Volume/Units)
4.2 Pharmaceuticals Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 By Grade Market 2019-2024 (Volume/Units)
4.3 Cosmetics Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 By Grade Market 2019-2024 (Volume/Units)
4.4 Paper Industry Market 2019-2024 (Volume/Units) - Global Industry Research
4.4.1 By Grade Market 2019-2024 (Volume/Units)
4.5 Textile Market 2019-2024 (Volume/Units) - Global Industry Research
4.5.1 By Grade Market 2019-2024 (Volume/Units)
4.5.2 By Grade Market 2019-2024 (Volume/Units)
5.North America GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
5.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
5.1.1 By End User Market 2019-2024 ($M)
5.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
5.2.1 By End User Market 2019-2024 ($M)
5.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
5.3.1 By End User Market 2019-2024 ($M)
6.North America GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
6.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
6.1.1 By Grade Market 2019-2024 ($M)
6.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
6.2.1 By Grade Market 2019-2024 ($M)
6.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
6.3.1 By Grade Market 2019-2024 ($M)
6.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
6.4.1 By Grade Market 2019-2024 ($M)
6.5 Textile Market 2019-2024 ($M) - Regional Industry Research
6.5.1 By Grade Market 2019-2024 ($M)
6.5.2 By Grade Market 2019-2024 ($M)
7.South America GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
7.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
7.1.1 By End User Market 2019-2024 ($M)
7.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
7.2.1 By End User Market 2019-2024 ($M)
7.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
7.3.1 By End User Market 2019-2024 ($M)
8.South America GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
8.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
8.1.1 By Grade Market 2019-2024 ($M)
8.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
8.2.1 By Grade Market 2019-2024 ($M)
8.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
8.3.1 By Grade Market 2019-2024 ($M)
8.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
8.4.1 By Grade Market 2019-2024 ($M)
8.5 Textile Market 2019-2024 ($M) - Regional Industry Research
8.5.1 By Grade Market 2019-2024 ($M)
8.5.2 By Grade Market 2019-2024 ($M)
9.Europe GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
9.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
9.1.1 By End User Market 2019-2024 ($M)
9.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
9.2.1 By End User Market 2019-2024 ($M)
9.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
9.3.1 By End User Market 2019-2024 ($M)
10.Europe GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
10.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
10.1.1 By Grade Market 2019-2024 ($M)
10.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
10.2.1 By Grade Market 2019-2024 ($M)
10.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
10.3.1 By Grade Market 2019-2024 ($M)
10.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
10.4.1 By Grade Market 2019-2024 ($M)
10.5 Textile Market 2019-2024 ($M) - Regional Industry Research
10.5.1 By Grade Market 2019-2024 ($M)
10.5.2 By Grade Market 2019-2024 ($M)
11.APAC GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
11.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
11.1.1 By End User Market 2019-2024 ($M)
11.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
11.2.1 By End User Market 2019-2024 ($M)
11.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
11.3.1 By End User Market 2019-2024 ($M)
12.APAC GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
12.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
12.1.1 By Grade Market 2019-2024 ($M)
12.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
12.2.1 By Grade Market 2019-2024 ($M)
12.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
12.3.1 By Grade Market 2019-2024 ($M)
12.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
12.4.1 By Grade Market 2019-2024 ($M)
12.5 Textile Market 2019-2024 ($M) - Regional Industry Research
12.5.1 By Grade Market 2019-2024 ($M)
12.5.2 By Grade Market 2019-2024 ($M)
13.MENA GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
13.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
13.1.1 By End User Market 2019-2024 ($M)
13.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
13.2.1 By End User Market 2019-2024 ($M)
13.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
13.3.1 By End User Market 2019-2024 ($M)
14.MENA GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
14.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
14.1.1 By Grade Market 2019-2024 ($M)
14.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
14.2.1 By Grade Market 2019-2024 ($M)
14.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
14.3.1 By Grade Market 2019-2024 ($M)
14.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
14.4.1 By Grade Market 2019-2024 ($M)
14.5 Textile Market 2019-2024 ($M) - Regional Industry Research
14.5.1 By Grade Market 2019-2024 ($M)
14.5.2 By Grade Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Guargum Market Revenue, 2019-2024 ($M)
2.Canada Global Guargum Market Revenue, 2019-2024 ($M)
3.Mexico Global Guargum Market Revenue, 2019-2024 ($M)
4.Brazil Global Guargum Market Revenue, 2019-2024 ($M)
5.Argentina Global Guargum Market Revenue, 2019-2024 ($M)
6.Peru Global Guargum Market Revenue, 2019-2024 ($M)
7.Colombia Global Guargum Market Revenue, 2019-2024 ($M)
8.Chile Global Guargum Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Guargum Market Revenue, 2019-2024 ($M)
10.UK Global Guargum Market Revenue, 2019-2024 ($M)
11.Germany Global Guargum Market Revenue, 2019-2024 ($M)
12.France Global Guargum Market Revenue, 2019-2024 ($M)
13.Italy Global Guargum Market Revenue, 2019-2024 ($M)
14.Spain Global Guargum Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Guargum Market Revenue, 2019-2024 ($M)
16.China Global Guargum Market Revenue, 2019-2024 ($M)
17.India Global Guargum Market Revenue, 2019-2024 ($M)
18.Japan Global Guargum Market Revenue, 2019-2024 ($M)
19.South Korea Global Guargum Market Revenue, 2019-2024 ($M)
20.South Africa Global Guargum Market Revenue, 2019-2024 ($M)
21.North America Global Guargum By Application
22.South America Global Guargum By Application
23.Europe Global Guargum By Application
24.APAC Global Guargum By Application
25.MENA Global Guargum By Application
26.Vasundhara Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Aravally Processed Agrotech Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.LobaChemie Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.USA Guar Gum, LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Palani Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Canadian Agri Products Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.United Guar LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Cargill, Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.E. I. du Pont de Nemours and Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Dabur Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)