The guar gum market is anticipated to register a CAGR of over 8% by 2022.
With the rising concern and awareness about convenience food and the use of natural ingredients in food and beverages, the demand for guar from the food and beverages industry in increasing at a steady rate. Guar gum is also used in food and beverages, including baked food products, fruit juice, various dressings, frozen food products.
Moreover, the increasing purchasing power of buyers owing to rising per capita income in developed and developing countries as well as expected to result per capita income in developed and developing countries as well as expected to result in increased consumption of processed food.
Increasing urban population and preference for convenience food will fuel the growth of the food processing industry which will subsequently drive the demand for guar gum.
Growing Demand for Fast Hydrated Guar Gum in the Oil & Gas Industry
Guar gum, derived from guar seeds, is one of the major commercial feedstock used in the oil and gas industry for applications including oil well fracturing, oil drilling rigs, oil well stimulation shale gas production, and other exploration activities. The rapid growth in shale gas and oil exploration globally will drive the market growth.
Fluctuating Guar Gum Prices
Fluctuations in the prices of guar seeds pose a threat to the market growth. Globally, India dominated the production of guar seeds and the heavy dependence on climatic conditions in India affects crop production.
- Rising Demand from the Food & Beverage Industry
- Growing Inclination Toward Natural Ingredients in Cosmetic Products
- Guangrao Liuhe Chemical
- Hindustan Gums & Chemicals
- India Glycols
- Ruchi Soya Industries
- Vikas WSP
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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