Guar gum is widely used in industrial as well as food processing applications as a natural thickener, binding agent, emulsifier, flocculating agent, gelling and water barrier agent, wet-end strength additive, and sizing agent. It also finds application in the pharmaceutical, cosmetics, and oil and gas industries because of its water-proofing, thickening, gelling, adhesive, and hair and skin rejuvenation properties. Small-scale companies are predicted to give competition to established players with lower prices. Top companies usually have a strong distribution and sales network and raw material supply.
Need to Increase Shelf Life of Processed Food to Augment Demand
Application of guar gum as an additive is prophesied to increase in the processed food industry due to the benefit of improved shelf life. Changes in eating habits of people that raise demand for convenience food are foretold to push the requirement of guar gum. Besides the food and beverage industry, pharmaceutical is predicted to witness increased penetration of guar gum in the coming years. Nevertheless, the oil and gas industry is anticipated to show substantial consumption of guar gum due to the growth in shale oil and gas output.
Important Points to Remember
Get PDF template of this report: https://www.qyrconsulting.com/request-sample/7302
Players to Prefer Direct Product Distribution to Increase Profits
The global guar gum market includes leading players such as Hindustan Gum & Chemicals Ltd., Cargill Incorporated, India Glycols Ltd., Lotus Gums & Chemicals, Vikas WSP Ltd., Ingredion Incorporated, Pakistan Gum Industries Pvt. Ltd., Rama Industries, Agro Gums, Guangrao Liuhe Chemical Co., Ltd., The Lucid Group, and Vasundhara Gums & Chemicals. With a view to improve their profit margin, vendors serving international markets such as Saudi Arabia, Europe, and the US are predicted to adopt direct distribution. In Asia Pacific, China and India show high concentration of small-scale companies.
Cargill, a US-based international provider of industrial, agriculture, and food products, saw 8% increase in adjusted operating earnings in Q3 fiscal 2019 compared to the year-ago period. Net earnings on a US GAAP basis jumped 14% compared to the same quarter of the previous year.
By Grade
By Nature
By Application
By Function
By Region
North America is prognosticated to take charge of the global guar gum market in terms of revenue share as the US continues to show increases in the number of oil rigs and oil well drilling and hydraulic fracking activities. Government support for exploration and production activities in the oil and gas industry is anticipated to help North America gain growth in the global market. On the other hand, demand for guar gum is foreseen to increase in Asia Pacific due to the availability of technically recoverable resources and aggressive growth in urbanization.
Report TOC, Figures and Tables: https://www.qyrconsulting.com/reports/guar-gum-market-report
Table of Contents
Overview of the Report: The report starts with research scope, major players studied by the authors, years considered for the research study, objectives of the study, and analysis of market share by application and market size growth rate by type.
Global Growth Trends: Here, the size of the global Bio-pharma market is studied along with sales and revenue analysis. This section also includes industry trends and analysis of the growth rate of the global Bio-pharma market by region.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of revenue, sales, and share in the global Bio-pharma market.
Company Profiles: Almost all leading companies operating in the global Bio-pharma market are profiled in this section, taking into account their recent developments, market share, and other vital factors.
Market Forecast: Apart from revenue and sales forecast of the global Bio-pharma market, this section provides forecast of all
About Us:
We established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.