This report provides exclusive insights into the COVID-19 impact on the Guar Gum Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Guar Gum Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Guar Gum Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the guar gum
market provides an 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 the 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 the 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 global guar
gum market is projected to grow at a CAGR of 6.4% over the forecast period of
The growing industrial application of
the guar gum for the industrial application is helping to grow the demand for
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
young and middle-class consumers are expected to boost the demand for guar
gum-based products in the near future.
North America is the largest player 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 the 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 the 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.