Guar Complex Market By Type (Guar Gum, Guar Seed, & Guar Meal), By Application (Food & Beverage, Textile, Pharmaceutical, & Others) - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: FBR 38646 Report Format: PDF + Excel

Guar Complex Market Overview

The Guar Complex Market size is estimated to reach $1,450 million by 2027. Furthermore, it is poised to grow at a CAGR of 5.1% over the forecast period of 2022-2027. Guar (Cyamopsis tetragonoloba) is a leguminous crop that prefers sandy soils and requires moderate, intermittent rainfall to thrive. After the first monsoon showers, it is a robust, drought-resistant bush sowed between the second half of July and early August. It's harvested in late October and early November. The guar plant survives in dryland and drought-prone areas where other plants would die. It thrives in sandy soil. Guar green pods are eaten as a vegetable. Guar gum is made by dehusking, milling, and screening guar seeds. It's usually milled into a free-flowing powder that's pale off-white in color and coarse to fine in texture. Cluster bean is a commercially grown annual crop for gum production in traditional places. Guar gum is a dietary fiber that helps to regulate stool moisture by absorbing excess liquid in diarrhea and softening the stool in constipation. It also aids in the reduction of cholesterol and glucose absorption in the stomach and intestines. Guar seed contains galactose that helps to be more soluble than locust bean gum. Galactomannan is the most abundant storage polysaccharides in guar seeds, accumulating in the endosperm cell walls.
Rising health consciousness among consumers gives rise to the demand for guar products. The increasing use of guar in cattle food is one of the factors driving the Guar Complex Industry forward in 2022-2027. 

Guar Complex Market Report Coverage

The report: "Guar Complex Market Forecast (2022-2027)" by Industry ARC covers an in-depth analysis of the following segments of the Guar Complex Market.
By Type- Guar Gum, Guar Seed, and Guar Meal.
By Application- Food and Beverage, Textile, Pharmaceutical, and Others. 
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, Asia Pacific held a dominant market share in 2021. The consumption pattern of guar seeds soars due to the petroleum industry's rising demand. In the petroleum industry, guar seeds are used as components in several formulations for corrosion inhibition, fracturing fluids, enhanced oil recovery, and viscosity improvers. In 2020, the consumption of petroleum in India grew by 4.5%, according to the ministry of commerce & industry, which surges guar seeds' growth. Furthermore, advances in drilling technology have altered consumer preference from synthetic to eco-friendly and natural alternatives, resulting in increased demand for guar gum. According to the Ministry of Commerce & Industry, India accounts for 90% of the world's guar production.
  • Rising health consciousness among consumers gives rise to the demand for guar products, and the increasing use of guar in cattle food are some of the factors driving the Guar Complex Market. However, the high cost of guar seeds is one of the factors impeding market growth.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Guar Complex Market Report. 
Guar Complex Market- Geography (%) for 2021

 Guar Complex Market

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Guar Complex Market Segmentation Analysis- By Type

The Guar Complex market can be further segmented into Guar Gum, Guar Seed, and Guar Meal based on the type. Guar gum held a dominant market share in the year 2021. Guar gum is a type of gum used in the food, paper, and textile industries. However, the rise of the shale gas and oil industry is driving most demand for gum. The extraction of oil and shale gas, a natural gas trapped in shale strata, accounts for 90% of the export. Guar Gum, whether modified or unmodified, is a very versatile and efficient biopolymer with applications in a wide range of industries, including oil drilling, textile printing, human and pet food, paper, explosives, water treatment, and so on, where it's binding, thickening, film-forming, and lubricating properties are of great interest.
However, guar meal is estimated to be the fastest-growing, with a CAGR of 5.7% over 2022-2027. Guar meal is nutrient-dense and excellent for a wide range of animals. Cottonseed Meal is also not present, so it's safe to eat. It has a high protein level similar to corn gluten meal. It is ideal for poultry and aquaculture owing to its poor carbohydrate content. This grain is frequently used as a feed ingredient and in compound feed. It can also be used as a feed compound's binder. This meal can be used in a variety of ways. It is perfect for animals and poultry.

Guar Complex Market Segmentation Analysis- By Application

The Guar Complex market can be further segmented into Food and Beverage, Textile, Pharmaceutical, and Others based on the application. Food and Beverage held a dominant market share in the year 2021. Guar gum is used to control viscosity and build texture and has eight times the thickening capacity of cornstarch. It is a natural hydrocolloid derived from the guar bean used as a dietary fiber in some countries, including the United States. It's found in a wide range of dairy and plant-based foods and drinks. Guar gum helps to manage thickness, improve body and mouthfeel, and extend the shelf life of liquids such as canned drinks, soft drinks, flavored milk, buttermilk, cold drinks, cold coffee, energy drinks, and so on.
However, Pharmaceuticals are estimated to be the fastest-growing, with a CAGR of 6.2% over 2022-2027. Guar seed is widely employed in pharmaceutical applications due to its viscosity-increasing qualities. Guar gum and its derivatives are utilized as binders and disintegrators in tablets and as a drug control-release agent. Guar gum powder is primarily used in the pharmaceutical sector. It is a natural fiber that aids in cleansing the intestinal and digestive systems, both of which are essential for maintaining a healthy body and mind. 

Guar Complex Market Segmentation Analysis- By Geography

The Guar Complex market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia Pacific held a dominant market share of 47% in 2021 compared to its other counterparts. Changing dietary patterns among consumers gives rise to the demand for guar seeds as people are attracted to western dietary dinners like korma, which surges the adoption of the guar complex. Guar seeds are utilized in various compositions in the petroleum sector, including corrosion inhibitors, fracturing fluids, increased oil recovery, and viscosity improvers. According to the ministry of commerce and industry, India's petroleum consumption will expand at a rate of 4.5 percent in 2020, boosting the growth of guar seeds. Furthermore, developments in drilling technology have shifted consumer preferences away from synthetics and toward natural and eco-friendly alternatives, resulting in increased demand for guar gum. According to the Ministry of Commerce and Industry, India produces 90 percent of the world's guar.

Guar Complex Market Drivers

Rising Health Consciousness among Consumers Gives Rise to the Demand for Guar Products, which Readily Aided the Market Growth

Growing consumer awareness regarding the health benefits provided by the guar seeds, such as improving glucose tolerance and lowering serum low-density lipoprotein (LDL) cholesterol and triglycerides, give rise to the demand for guar complex. People are becoming more health-conscious due to the changes in their perspective, making them look harder at their diet. Owing to the rising demand among consumers, the production of guar seeds surges. According to the Ministry of Agriculture and Farmers Welfare, India produced 9-10 lakh tonnes of guar seeds in 2019. Organic products and meals that help improve immunity, metabolism, and overall physical health are considerably more popular these days, increasing the demand for guar plants. Nowadays, people are consuming low fat and low-calorie food items, which further soars the need for guar seeds as their consumption helps get rid of various heart diseases by reducing the cholesterol level in the body, helping to control diabetes, and maintaining bowel movement.
Moreover, it is used to relieve Irritable Bowel Syndrome symptoms (IBS). It can also be used as an add-on treatment to help balance healthy bacteria in the system. They are owing to the rising demand for guar complex among consumers, the use of guar seeds surges in the food industry. Various applications of guar gum in the food industry are ice cream, yogurts, plant-based milk, and soups. Also, growing interest among people for weight loss surges the consumption of guar seeds as it expands in the intestine, causing a sense of fullness and thus decreasing appetite. It's a common ingredient in gluten-free baking as well as processed goods. Dairy products, sauces, and baked foods are also included. It's also utilized in non-food goods as an additive. It's sold as a thickening and binder in powder form for baking and cooking, and it's frequently used in gluten-free recipes.

Increasing Use of Guar in Cattle Food is Set to Drive the Market Growth

Guar Meal is a protein-rich thickening ingredient commonly used in cattle feed to promote development and good milk production. Since it is produced without chemicals, guar seed is safe in animal feed. Guar meal is the most excellent protein-containing animal feed in the dairy cow category. It contains up to 50% protein with high digestibility, which helps cows and buffaloes digest their food more efficiently. Since it is heavy in protein, it produces more fat in its milk while also increasing the amount of milk produced. The ideal usage of Guar Churi in poultry is 4-7%.
On the other hand, swine feed can be applied in 5-7%. Cattle production is the most important agricultural industry in the United States, accounting for most overall agricultural commodity cash receipts. According to the USDA, cattle production is expected to account for nearly 17% of the $391 billion in total cash revenues for agricultural commodities in 2021. The United States has built a beef business that is mainly separate from its dairy sector, owing to its abundant agricultural land resources. Compared to countries like India, which produce beef from water buffalo used as dual-purpose animals, the U.S. beef business is unique. 

Guar Complex Market Challenges

The High Cost of Guar Seeds is one of the factors impeding the market growth

The guar's production is influenced by the weather, with any bad weather resulting in a fall in production volume, supply, and price rises. According to the USDA (United States Department of Agriculture), guar prices raised by 37%. There have been very positive price indications after the new USA government realized its willingness to make the continent self-sufficient in oil production. The usage of guar gum powder in oil mining has caused a turnaround in the declining trend. As a result, there have been price movements around INR 4500 /100kg, with the prices trending between this level and INR 3200/kg. In India, the monsoon activities remain low in various states like Madhya Pradesh and Rajasthan, which negatively affects the production of guar seeds. Rainfall is a significant factor for climate as it becomes one factor that helps increase the production of crops. However, due to the fluctuation in temperature, crops cannot grow properly, thus hampering the market growth.

Guar Complex Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Guar Complex Market. The top 10- Guar Complex Market companies are-
1. Unipektin Ingredients Inc., 
2. Guar Resources LLC, 
3. Vikash WSP Ltd., 
4. Best Agro Group, 
5. Dabur,
6. Supreme Gums Pvt. Ltd., 
7. Lucid Colloids Ltd., 
8. Saboo Group, 
9. Lamberti S.P.A.,
10. Amba Gums and Feeds Products.

Recent Developments

  • In March 2021, Nexira acquired Unipektin Ingredients AG. This acquisition adds to the product portfolio of natural plant-based ingredients and specialty ingredients like tara gum, hydrolyzed guar gum, and beet fiber.
  • In September 2020, Guar Resources LLC introduced the only USDA Certified Organic Guar Powder, naturally gluten-free and vegan. USDA Certified Organic Guar Powder earned the trust and confidence of many consumers and thus enlarged the demand for guar gum.
  • In January 2019, Vikas WSP launched a new guar gum product to stabilize coconut milk. This product launch increases the demand for guar gum, which surges the sales of guar gum among consumers.

Relevant Titles

Report Code- FBR 0060
Report Code- CMR 0125
Report Code- FBR 0032

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1. Guar Complex Market - Overview
    1.1 Definitions and Scope
2. Guar Complex Market - Executive Summary
3. Guar Complex Market –Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis - Global
    3.5 Pricing Analysis- Average Price
4. Guar Complex Market - Startup companies Scenario Premium Premium 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Guar Complex Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Guar Complex Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    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. Guar Complex Market -Strategic analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Guar Complex Market – By Type
    8.1 Guar Gum
    8.2 Guar Seed
    8.3 Guar Meal
9. Guar Complex Market – By Application
    9.1 Food and Beverage
    9.2 Textile
    9.3 Pharmaceutical
    9.4 Others
10. Guar Complex Market - By Geography
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile 
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Guar Complex Market - Entropy
12. Guar Complex Market – Industry/Segment Competition Landscape Premium 
    12.1 Market Share Analysis
        12.1.1 Market Share by Region – Key companies
        12.1.2 Market Share by Country- Key companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Guar Complex Market – Key Company List by Country Premium Premium
14. Guar Complex Market Company Analysis (Company Revenue, Services, M&A, Developments)
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Guar Complex Market Revenue, 2019-2024 ($M)
2.Canada Guar Complex Market Revenue, 2019-2024 ($M)
3.Mexico Guar Complex Market Revenue, 2019-2024 ($M)
4.Brazil Guar Complex Market Revenue, 2019-2024 ($M)
5.Argentina Guar Complex Market Revenue, 2019-2024 ($M)
6.Peru Guar Complex Market Revenue, 2019-2024 ($M)
7.Colombia Guar Complex Market Revenue, 2019-2024 ($M)
8.Chile Guar Complex Market Revenue, 2019-2024 ($M)
9.Rest of South America Guar Complex Market Revenue, 2019-2024 ($M)
10.UK Guar Complex Market Revenue, 2019-2024 ($M)
11.Germany Guar Complex Market Revenue, 2019-2024 ($M)
12.France Guar Complex Market Revenue, 2019-2024 ($M)
13.Italy Guar Complex Market Revenue, 2019-2024 ($M)
14.Spain Guar Complex Market Revenue, 2019-2024 ($M)
15.Rest of Europe Guar Complex Market Revenue, 2019-2024 ($M)
16.China Guar Complex Market Revenue, 2019-2024 ($M)
17.India Guar Complex Market Revenue, 2019-2024 ($M)
18.Japan Guar Complex Market Revenue, 2019-2024 ($M)
19.South Korea Guar Complex Market Revenue, 2019-2024 ($M)
20.South Africa Guar Complex Market Revenue, 2019-2024 ($M)
21.North America Guar Complex By Application
22.South America Guar Complex By Application
23.Europe Guar Complex By Application
24.APAC Guar Complex By Application
25.MENA Guar Complex By Application
26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)