September 19th, 2022
Guar Gum Market size is projected to reach USD 692.97 Million by 2028 from an estimated USD 567.29 Million in 2021, growing at a CAGR of 2.9% globally.
Guar Gum also called Guaran, is a free-flowing powder made from the legumes known as guar beans. Guar Gum is a large chain of bonded carbohydrate molecules or a kind of galactomannan polysaccharide and is made up of two sugars such as galactose as well as mannose. Guar gum is used primarily in the food manufacturing industry, as they are thick and hold the ability to absorb water, forms a thickening gel, and helps in binding the food products. The Food and Drug Administration (FDA) addresses Guar Gum as a food product that is safe for consumption in required amounts.
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The Major Players In The Guar Gum Market Include:
E. I. DuPont de Nemours and Company (US)
Shree Ram Industries (India)
Ingredion Incorporated (US)
Ashland Inc. (US)
Vikas WSP Limited (India)
Hindustan Gums and Chemical Limited (India)
Dabur India Ltd. (India)
India Glycols Ltd. (India)
Neelkanth Polymers (India)
Lucid Group (India)
Market has segmented the global Guar Gum market on the basis of type, application, and region:
The Guar Gum market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
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Oil and Gas
Food and Beverages
Mining and Explosives
Pharmaceuticals and Cosmetics
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases email@example.com and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Guar Gum Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
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