HOME Top Market Reports Guar Gum Market by Function (Thickening, Gelling, Binding, Friction Reducing), Application (Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics), Grade, and Region - Global Forecast to 2022

Guar Gum Market by Function (Thickening, Gelling, Binding, Friction Reducing), Application (Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics), Grade, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: FB 3104

 

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The global guar gum market was valued at USD 708.6 Million in 2016, and is projected to reach USD 1,115.8 Million by 2022, at a CAGR of 7.9% during the forecast period.

The years considered for the study are as follows:

  • Base year: 2016
  • Estimated year: 2017
  • Projected year: 2022
  • Forecast period: 2017–2022

Objectives of the study are as follows:

  • To define, segment, and measure the size of the global market (in terms of value and volume) with respect to its grades, functions, applications, and key geographical markets
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To project the size of the market in terms of value and volume, with respect to four regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their product portfolio and core competencies
  • To analyze competitive developments such as expansions and acquisitions in the guar gum market

Research Methodology

This report includes estimations of market size in terms of value (USD million) and volume (kilo tons). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the guar gum market and of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources Agricultural and Processed Food Products Export Development Authority (APEDA), National Commodity & Derivatives Exchange Limited (NCDEX), The International Energy Agency (IEA), The Food and Agriculture Organization (FAO), Indian Council for Research on International Economic Relations (ICRIER) to identify and collect information useful for this technical, market-oriented, and commercial study of the guar gum market.

Guar Gum Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The various contributors involved in the value chain of guar gum include raw material suppliers, manufacturers, wholesalers/distributors, retailers, and end users. Major manufacturing companies develop their in-house R&D centers for research and innovation activities to support their manufacturing units and to successfully introduce products with enhanced functionality in the market.

The market is dominated by key players such as Hindustan Gums & Chemicals Ltd. (India), Vikas WSP Limited (India), India Glycols Limited (India) , Rama Gum Industries (India) Ltd., Dabur India Ltd. (India), Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China) , Lucid Group (India) , Global Gums & Chemicals Pvt. Ltd. (Pakistan) , Ashland Specialty Ingredients (U.S.), Ingredion Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), and Supreme Gums Pvt. Ltd. (India).

Target Audience:

  • Suppliers
    • Farmers
    • Agricultural institutes
    • R&D institutes
    • Technology providers
  • Equipment manufacturers/suppliers
  • Guar gum manufacturers/suppliers
  • Regulatory bodies
    • Organizations such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), United States Department of Agriculture (USDA), and Food Standards Australia New Zealand (FSANZ), The Agricultural and Processed Food Products Export Development Authority (APEDA), Indian Council for Research on International Economic Relations (ICRIER), The International Energy Agency (IEA), National Commodity & Derivatives Exchange Limited (NCDEX)
    • Government agencies
  • Intermediary suppliers
    • Traders
    • Wholesalers
    • Dealers
  • Customers
    • Food & beverage manufacturers/suppliers
    • Chemical companies
    • Oil companies
    • Pharmaceutical and cosmetic companies
    • Retailers

Scope of the report

Based on Grade, the market has been segmented as follows:

  • Food
  • Industrial
  • Pharmaceutical

Based on Application, the market has been segmented as follows:

  • Food & beverages
    • Bakery and confectionery products
    • Dairy & frozen products
    • Beverages
    • Sauces & dressings
    • Others (meat & poultry products, snacks, noodles, soups, and pasta)
  • Oil & gas
  • Paper manufacturing
  • Mining & explosives
  • Pharmaceuticals & cosmetics
  • Others (textile, animal feed, tobacco, ceramics and synthetic resins)

Based on Function, the market has been segmented as follows:

  • Thickening
  • Gelling
  • Binding
  • Friction reducing
  • Others (coagulating, flocculating & settling, hardening, and strengthening)

Based on Region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • RoW (South America and the Middle East)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of Europe guar gum market into Denmark, Norway, Belgium, and the Netherlands
  • Further breakdown of the Rest of Asia-Pacific guar gum market into Japan, Australia, and Indonesia
  • Further breakdown of other countries in the RoW guar gum market into South Africa and Central Africa

Company Information

  • Detailed analysis and profiling of additional market players (up to two)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Macroindicators
           2.2.1 Introduction
                    2.2.1.1 Increasing Natural Gas Consumption
                    2.2.1.2 Increasing Demand for Processed Food Products
                    2.2.1.3 Growth in Livestock Population
                    2.2.1.4 Changing Climatic Conditions
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in this Market
    4.2 Guar Gum Market, By Grade
    4.3 North America Held the Largest Share in this Market
    4.4 Guar Gum Market, By Function
    4.5 Market, By Food & Beverages Application
    4.6 Market: By Region
    4.7 Product Life Cycle, By Region

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Evolution of Guar Gum
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Guar Gum in the Oil & Gas Industry
                    5.3.1.2 Increasing Applications of Guar Gum Owing to Its Multifunctional Properties
           5.3.2 Restraints
                    5.3.2.1 Lack of R&D Activities in Some Countries
                    5.3.2.2 Trade Barriers
                    5.3.2.3 Fluctuating Prices of Guar and Its Products
                               5.3.2.3.1 Dependence On Climatic Conditions
                               5.3.2.3.2 High Dependency On Crude Oil Prices
           5.3.3 Opportunities
                    5.3.3.1 Increased Consumption of Convenience Food
                    5.3.3.2 Emerging Markets That Have Immense Potential
           5.3.4 Challenges
                    5.3.4.1 Development of Guar Gum Substitutes
                    5.3.4.2 Export-Oriented Commodity and Unavailability of Stocks

6 Guar Gum Market, By Grade (Page No. - 52)
    6.1 Introduction
    6.2 Food-Grade
    6.3 Industrial-Grade
    6.4 Pharmaceutical-Grade

7 Guar Gum Market, By Function (Page No. - 60)
    7.1 Introduction
    7.2 Thickening
    7.3 Gelling
    7.4 Binding
    7.5 Friction Reducing
    7.6 Other Functions

8 Guar Gum Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Oil & Gas
    8.3 Food & Beverages
    8.4 Mining & Explosives
    8.5 Paper Manufacturing
    8.6 Pharmaceuticals & Cosmetics
    8.7 Others

9 Guar Gum Market, By Food & Beverage Application (Page No. - 79)
    9.1 Introduction
    9.2 Bakery & Confectionery Products
    9.3 Dairy & Frozen Products
    9.4 Beverages
    9.5 Sauces & Dressings
    9.6 Others

10 Guar Gum Market, By Region (Page No. - 89)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 Spain
             10.3.3 Italy
             10.3.4 France
             10.3.5 U.K.
             10.3.6 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Pakistan
             10.4.4 Rest of Asia-Pacific
     10.5 RoW
             10.5.1 South America
             10.5.2 Middle East
             10.5.3 Others in RoW

11 Regulations Governing the Guar Gum Market (Page No. - 119)
     11.1 Overview
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe

12 Competitive Landscape (Page No. - 121)
     12.1 Introduction
     12.2 Competitive Benchmarking
     12.3 Company Ranking

*Top 15 Companies Analyzed for This Study are - Hindustan Gums & Chemicals Ltd. (India), Vikas WSP (India), India Glycols Ltd. (India), Rama Gum Industries (India), Dabur (India), Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China), Lucid Group (India), Global Gums & Chemicals Pvt. Ltd. (Pakistan), Ashland Specialty Ingredients (U.S.), Ingredion Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), Supreme Gums Pvt. Ltd. (India),

13 Company Profiles (Page No. - 124)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Cargill
     13.2 E.I. Dupont De Nemours and Company
     13.3 Shree Ram Industries
     13.4 Ingredion Incorporated
     13.5 Ashland Inc.
     13.6 Vikas WSP Ltd.
     13.7 Hindustan Gums and Chemical Limited
     13.8 Dabur India Ltd
     13.9 India Glycols Ltd
     13.10 Neelkanth Polymers
     13.11 Lucid Group
     13.12 Global Gums and Chemicals Pvt Ltd
     13.13 Guangrao Liuhe Chemical Co., Ltd.
     13.14 Jai Bharat Gums and Chemicals Ltd
     13.15 Altrafine Gums
     13.16 Supreme Gums Private Limited
     13.17 Ruchi Soya Industries Limited
     13.18 Rama Gum Industries

*Details On Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 155)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (89 Tables)

Table 1 Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 2 Market Size, By Grade, 2015–2022 (KT)
Table 3 Food-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 4 Food-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 5 Industrial-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 6 Industrial-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 7 Pharmaceutical-Grade Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 8 Pharmaceutical-Grade Guar Gum Market Size, By Region, 2015–2022 (KT)
Table 9 Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 10 Market Size, By Function, 2015-2022 (KT)
Table 11 Thickening: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 12 Thickening: Market Size, By Region, 2015-2022 (KT)
Table 13 Gelling: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 14 Gelling: Market Size, By Region, 2015-2022 (KT)
Table 15 Binding: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 16 Binding: Market Size, By Region, 2015-2022 (KT)
Table 17 Friction Reducing: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 18 Friction Reducing: Market Size, By Region, 2015-2022 (KT)
Table 19 Other Functions: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 20 Other Functions: Market Size, By Region, 2015-2022 (KT)
Table 21 Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 22 Market Size, By Application, 2015–2022 (KT)
Table 23 Guar Gum Market Size for Oil & Gas, By Region, 2015–2022 (USD Million)
Table 24 Market Size for Oil & Gas, By Region, 2015–2022 (KT)
Table 25 Guar Gum Market Size for Food & Beverages, By Region, 2015–2022 (USD Million)
Table 26 Market Size for Food & Beverages, By Region, 2015–2022 (KT)
Table 27 Guar Gum Market Size for Mining & Explosives, By Region, 2015–2022 (USD Million)
Table 28 Market Size for Mining & Explosives, By Region, 2015–2022 (KT)
Table 29 Guar Gum Market Size for Paper Manufacturing, By Region, 2015–2022 (USD Million)
Table 30 Market Size for Paper Manufacturing, By Region, 2015–2022 (KT)
Table 31 Guar Gum Market Size for Pharmaceuticals & Cosmetics, By Region, 2015–2022 (USD Million)
Table 32 Market Size for Pharmaceuticals & Cosmetics, By Region, 2015–2022 (KT)
Table 33 Guar Gum Market Size for Other Applications, By Region, 2015–2022 (USD Million)
Table 34 Market Size for Other Applications, By Region, 2015–2022 (KT)
Table 35 Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 36 Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 37 Guar Gum Market Size in Bakery & Confectionery Products, By Region, 2015–2022 (USD Million)
Table 38 Market Size in Bakery & Confectionery Products, By Region, 2015–2022 (KT)
Table 39 Guar Gum Market Size in Dairy & Frozen Food, By Region, 2015–2022 (USD Million)
Table 40 Market Size in Dairy & Frozen Food, By Region, 2015–2022 (KT)
Table 41 Guar Gum Market Size in Beverages, By Region, 2015–2022 (USD Million)
Table 42 Market Size in Beverages, By Region, 2015–2022 (KT)
Table 43 Guar Gum Market Size in Sauces & Dressings, By Region, 2015–2022 (USD Million)
Table 44 Market Size in Sauces & Dressings, By Region, 2015–2022 (KT)
Table 45 Guar Gum Market Size in Other Food & Beverage Applications, By Region, 2015–2022 (USD Million)
Table 46 Market Size in Other Food & Beverage Applications, By Region, 2015–2022 (KT)
Table 47 Guar Gum Market Size, By Region, 2015–2022 (USD Million)
Table 48 Market Size, By Region, 2015–2022 (KT)
Table 49 North America: Guar Gum Market Size, By Country, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Country, 2015–2022 (KT)
Table 51 North America: Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 52 North America: Market Size, By Grade, 2015–2022 (KT)
Table 53 North America: Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 54 North America: Market Size, By Application, 2015–2022 (KT)
Table 55 North America: Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 56 North America: Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 57 North America: Guar Gum Market Size, By Function, 2015–2022 (USD Million)
Table 58 North America: Market Size, By Function, 2015–2022 (KT)
Table 59 Europe: Guar Gum Market Size, By Application, 2015-2022 (USD Million)
Table 60 Europe: Market Size, By Application, 2015-2022 (KT)
Table 61 Europe: Guar Gum Market Size, By Food & Beverage Application, 2015-2022 (USD Million)
Table 62 Europe: Market Size, By Food & Beverage Application, 2015-2022 (KT)
Table 63 Europe: Guar Gum Market Size, By Grade, 2015-2022 (USD Million)
Table 64 Europe: Market Size, By Grade, 2015-2022 (KT)
Table 65 Europe: Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 66 Europe: Market Size, By Function, 2015-2022 (KT)
Table 67 Europe: Guar Gum Market Size, By Country, 2015-2022 (USD Million)
Table 68 Europe: Market Size, By Country, 2015-2022 (KT)
Table 69 Asia-Pacific: Guar Gum Market Size, By Application, 2015–2022 (USD Million)
Table 70 Asia-Pacific: Market Size, By Application, 2015–2022 (KT)
Table 71 Asia-Pacific: Guar Gum Market Size, By Food & Beverage Application, 2015–2022 (USD Million)
Table 72 Asia-Pacific: Market Size, By Food & Beverage Application, 2015–2022 (KT)
Table 73 Asia-Pacific: Guar Gum Market Size, By Grade, 2015–2022 (USD Million)
Table 74 Asia-Pacific: Market Size, By Grade, 2015–2022 (KT)
Table 75 Asia-Pacific: Guar Gum Market Size, By Function, 2015–2022 (USD Million)
Table 76 Asia-Pacific: Market Size, By Function, 2015–2022 (KT)
Table 77 Asia-Pacific: Guar Gum Market Size, By Country, 2015–2022 (USD Million)
Table 78 Asia-Pacific: Market Size, By Country, 2015–2022 (KT)
Table 79 RoW: Guar Gum Market Size, By Application, 2015-2022 (USD Million)
Table 80 RoW: Market Size, By Application, 2015-2022 (KT)
Table 81 RoW: Guar Gum Market Size, By Food & Beverage Application, 2015-2022 (USD Million)
Table 82 RoW: Market Size, By Food & Beverage Application, 2015-2022 (KT)
Table 83 RoW: Guar Gum Market Size, By Grade, 2015-2022 (USD Million)
Table 84 RoW: Market Size, By Grade, 2015-2022 (KT)
Table 85 RoW: Guar Gum Market Size, By Function, 2015-2022 (USD Million)
Table 86 RoW: Market Size, By Function, 2015-2022 (KT)
Table 87 RoW: Guar Gum Market Size, By Region, 2015-2022 (USD Million)
Table 88 RoW: Market Size, By Region, 2015-2022 (KT)
Table 89 Recent Developments


List of Figures (38 Figures)

Figure 1 Market Segmentation
Figure 2 Guar Gum Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Increasing Natural Gas Consumption, 2012-2040 (Trillion Cubic Feet)
Figure 5 RTE and Snacks & Savory Products Segments Held ~35% in the Food Sector in 2013
Figure 6 Livestock Population Count, 2010 Vs. 2014 (Million)
Figure 7 Interdependence of Guar Production and Rainfall in Haryana, 2009–2011
Figure 8 Market Size Estimation: Bottom-Up Approach
Figure 9 Market Size Estimation Methodology: Top-Down Approach
Figure 10 Market Breakdown & Data Triangulation
Figure 11 Global Overview of Guar Gum Market, 2015–2022
Figure 12 Global Overview of the Guar Gum Market, By Grade, 2017–2022
Figure 13 Guar Gum Market Size, By Application, 2017–2022 (USD Million)
Figure 14 Market Size, By Function, 2017–2022 (USD Million)
Figure 15 Market Size, By Region
Figure 16 Guar Gum Stands As an Emerging Market With Promising Growth Potential, 2017–2022 (USD Million)
Figure 17 Industrial-Grade Segment Projected to Grow at the Highest Rate From 2017 to 2022
Figure 18 Oil & Gas Application Held the Largest Share in the North American Region in 2016
Figure 19 Gelling Segment is Projected to Be the Largest Between 2017 and 2022
Figure 20 Bakery & Confectionery Products Dominated All Regions in 2016, in Terms of Value
Figure 21 North America is Projected to Be the Fastest Growing Region in the Guar Gum Market in 2016
Figure 22 The Guar Gum Market is at A Growing Stage
Figure 23 Evolution of Guar Gum
Figure 24 Guar Gum Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Top Ten Countries With Technically Recoverable Wet Shale Gas Resources (Trillion Cubic Feet)
Figure 26 Guar Gum Consumption By the U.S. Oil & Gas Industry
Figure 27 Production of Guar is Directly Proportional to Rainfall, 2008–2011
Figure 28 Guar Gum Market Segmentation, By Grade
Figure 29 Industrial-Grade Guar Gum Market Size, By Region, 2017 Vs. 2022 (USD Million)
Figure 30 Guar Gum Market, By Application
Figure 31 Guar Gum Market Size for Oil & Gas, By Region, 2017 Vs. 2022 (USD Million)
Figure 32 Guar Gum Market Segmentation, By Food & Beverage Application
Figure 33 Bakery & Confectionery Products Market, By Region, 2017 Vs. 2022 (USD Million)
Figure 34 Dairy & Frozen Products Market, By Region, 2017 Vs. 2022 (USD Million)
Figure 35 Geographic Snapshot (2017–2022) – Rapid Growth Markets are Emerging As New Hotspots
Figure 36 North American Market Snapshot: Demand to Be Driven By Increase in the Consumption of Processed Foods
Figure 37 Europe: Guar Gum Market Snapshot
Figure 38 Cargill: Company Snapshot

The guar gum market is projected to grow at a CAGR of 7.9%, in terms of value, from 2017 to reach a projected value of USD 1,115.8 Million by 2022. The multifunctional nature of guar gum, ease of incorporation in a wide range of applications, and increase in demand for guar gum from the oil & gas industry are the main factors driving the guar gum market. Increase in demand for convenience, dairy, and frozen foods across the globe, also fuels the demand for guar gum.

The global market has been segmented, by grade, into food, industrial, and pharmaceutical. Industrial grade guar gum has emerged as the highly consumed guar gum owing to its application in the oil & gas sector, coupled with other applications such as textile, paper, photography, tobacco, and printing industries. Food grade guar gum is the second highly consumed guar gum due to its extensive application in the food & beverage industry in products such as confectionery, and bakery & frozen food products.

Based on function, the market is segmented into thickening, gelling, friction reducing, binding and others (coagulating, flocculating & settling, hardening, and strengthening). Consumption of guar gum as a gelling agent is estimated to account for the largest market share in 2017. Guar gum as a gelling agent is a booming market due to its recent application in the oil & gas industry as an ingredient in the hydraulic fracking process. Apart from oil & drilling, guar gum is used as a gelling agent in pharmaceutical and personal care applications, such as dental impression materials, styling creams & gels, liquid soaps, and bath gels, which is further fueling the demand for guar gum as a gelling agent.

The global market has been segmented on the basis of application into oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics, and others (textile, animal feed, tobacco, ceramics, and synthetic resins). Guar gum has been gaining importance in the oil & drilling segment, especially in shale gas production, where guar gum is utilized as an ingredient in the fracking fluid. Food & beverages is the next largest application market for guar gum, under which there has been a high demand for food grade guar gum for bakery & confectionery products, dairy & frozen foods products, beverages, and sauces & dressings among others.

North America is estimated to occupy the largest share in the global guar gum market, in terms of value and volume, in 2017, owing to the booming oil & gas industry in North American countries such as the U.S. and Canada. Positive knowledge of segments create a platform for innovative applications of guar gum, and tapping the emerging markets in China, India, and Australia leads to growth opportunities in Asia-Pacific.

Guar Gum Market

The high volatility of guar gum market, coupled with the increasing guar gum substitutes such as xanthan gum and locust bean gums, are the major factors restraining the growth of this market globally. The volatility of the market is largely due the high dependency of guar gum production on rainfall, high dependency of the demand for guar gum from the oil industry, and fluctuating crude oil prices.

The leading players who dominated the guar gum market include Hindustan Gums & Chemicals Ltd. (India), Vikas WSP Limited (India), India Glycols Limited (India), Rama Gum Industries (India) Ltd., and Dabur India Ltd. (India).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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