A recent report published by Infinium Global Research on guar gum market provides in-depth analysis of segments and sub-segments in the global as well as regional guar gum market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional guar gum market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global guar gum market. According to the report, the global guar gum market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
Guar gum is an organic substance, obtained from guar beans has several unique properties such as thickening, emulsifying and stabilizing agents. It is used in several industries such as food and beverage industry, oil and gas, mining and explosives, paper manufacturing, pharmaceuticals and cosmetics, and other industries. The growing application of the guar gum in the bakery industry in several applications as bread, pastry, cakes, and cookies production is helping to grow its demand around the world. It helps to keep bakery products smooth, pliable and fresh for long period and provides milky white-bleached appearance to the bread. Further, owing to its excellent thickening and suspending properties, it is used in the cosmetics industry. In the feed industry, it is used as a binding agent in the fish feed pellets manufacturing. Its unique binding property protects the feed pallet from disintegrating quickly when it is submerged into water.
The growing industrial application of the guar gum for the industrial application is helping to grows the demand of the guar gum-based products in developing countries. However, the availability of the substitute is hampering the growth of this market for the short term. Further, the growing awareness about the health benefits of the guar gum among the young and middle-class consumers is expected to boost the demand of the guar gum-based products in the near future.
Geographically, the guar gum market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and the RoW. North America is the largest players of the guar gum market owing to the presence of a large number of companies engaged in the oil & gas industries, food processing industry, pharmaceutical, and cosmetic industries. These companies use a large quantity of guar gum in their business activities, which is helping to grow this market at a sustainable rate. The Asia-Pacific guar gum market is expected to grow at the highest CAGR during the forecast period, owing to the growing industrial application of the guar gum-based products.
The report on global guar gum market covers segments such as grade, function, and application. On the basis of grade, the sub-markets include food-grade, industrial-grade, and pharmaceutical-grade. On the basis of function, the sub-markets include thickening, gelling, binding, friction reducing, and other functions. On the basis of application, the sub-markets include oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics, and other applications.
The report provides profiles of the companies in the market such as Global Gums & Chemicals, Lucid Colloids Ltd., Neelkanth Polymer Industries, India Glycols Ltd., Dabur, Vikas WSP Limited, Ashland Global Specialty Chemicals Inc., Ingredion Incorporated, E. I. du Pont de Nemours and Company, and Cargill, Incorporated.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of guar gum market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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