The global Guar Gum market stood at approximately 600 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 6.8% during the forecast period until 2034.
Guar gum, derived from the seeds of the guar plant, is a versatile ingredient with diverse applications across several industries. Based on grade, the Guar Gum market is divided into- Industrial Grade, Food Grade, and Pharmaceutical Grade. In the food industry, guar gum serves as a crucial thickening, stabilizing, and binding agent, enhancing the texture and viscosity of a wide range of products including sauces, dressings, soups, and baked goods. Its ability to prevent ingredient separation and improve mouthfeel makes it a popular choice among food manufacturers. Furthermore, in the beverage sector, guar gum acts as an effective stabilizer and emulsifier, preventing sedimentation and improving the suspension of solids in products such as fruit juices and flavoured drinks. Additionally, guar gum finds application in the pet food industry, where it enhances the appearance, palatability, and texture of pet food formulations while aiding in moisture retention. In pharmaceuticals, guar gum serves as a binder, disintegrant, and thickening agent in tablets, capsules, and suspensions, facilitating controlled drug release and improving product stability.
Moreover, guar gum is utilized in cosmetics and personal care products for its thickening, stabilizing, and emulsifying properties, contributing to the texture and performance of lotions, creams, shampoos, and toothpaste. Additionally, in the oil and gas industry, guar gum is employed as a thickening agent in hydraulic fracturing fluids, aiding in the extraction of oil and gas from underground reservoirs by maintaining fluid viscosity and carrying proppants into fractures.
The increasing demand from potential end-user industries such as oil and gas, food and industrial applications are fuelling the overall growth of the guar gum market. With the growing population, urbanization, and changing dietary preferences worldwide, the demand for processed food products is increasing. Guar gum's ability to improve texture, enhance viscosity, and prevent ingredient separation in food formulations makes it a valuable ingredient in various processed foods such as sauces, dressings, dairy products, and baked goods. As the demand for processed and convenience foods continues to rise, so does the demand for guar gum in the food processing industry. Also, with the rising global demand for oil and gas, particularly in unconventional resource plays such as shale formations, the demand for guar gum as a key component in fracking fluids has surged. Guar gum helps maintain the viscosity of fracturing fluids, facilitating the extraction of oil and gas from underground reservoirs. As exploration and production activities in these resource plays continue to expand, the demand for guar gum in the oil and gas sector is expected to rise accordingly, driving market growth. Guar gum finds applications in various industrial sectors, including textiles, paper manufacturing, mining, and explosives. The industrial sector's growth, driven by factors such as infrastructure development, urbanization, and industrialization, contributes to the increasing demand for guar gum in industrial applications. The global Guar Gum market is likely to reach approximately 1234 thousand tonnes in 2034.
Geographically, North America is the largest consumer of Guar gum and is likely to maintain its dominance in the coming years as well. The North American guar gum market's dominance is upheld by several key factors. North America benefits from robust demand across diverse end-user industries, including oil and gas, food processing, and industrial applications, driven by the thriving oil and gas sector, technological advancements, and stringent regulatory standards.
Based on the end-use, the global Guar Gum market is divided into Food & Beverage, Oil & Gas, Pharmaceuticals & Cosmetics, and Others. Among these, Food & Beverage is the dominating segment and held about 64% of the global Guar Gum market in 2023.
Major players in the Global Guar Gum market are Hindustan Gums & Chemicals Ltd., DuPont, Dabur India Ltd, Lucid Colloids Ltd., Supreme Gums Pvt. Ltd., India Glycols Limited, Vikas WSP, Rama Gum Industries Limited, Altrafine Gums, Cargill Incorporated, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Guar Gum which covers production, demand and supply of Guar Gum market in the globe.
• To analyse and forecast the market size of Guar Gum
• To classify and forecast Global Guar Gum market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Guar Gum market in the globe.
To extract data for Global Guar Gum market, primary research surveys were conducted with Guar Gum manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Guar Gum market over the coming years.
ChemAnalyst calculated Guar Gum demand across the globe by analyzing the volume of Guar Gum consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Guar Gum manufacturers and other stakeholders
• Organizations, forums and alliances related to Guar Gum distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Guar Gum manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Guar Gum market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
600 thousand tonnes
Market size Volume in 2034
1234 thousand tonnes
Growth Rate
CAGR of 6.8% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverage, Oil & Gas, Pharmaceuticals & Cosmetics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Guar Gum in terms of volume in 2023?
Ans:
The global market size of Guar Gum has reached approximately 600 thousand tonnes in 2023.
Q2.
Which region is the leading consumer of Guar Gum globally?
Ans:
North America is the leading consumer of Guar Gum globally.
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