WiseGuyRerports.com Presents “Global Guar Gum Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its Studies Database
Guar gum or goma guar is derived from guar seeds and is a rich source of galactomannan polysaccharide. It has multiple uses and processed as per the need of the end-product. Guar gum has a higher thickening capability compared to corn starch; thus, it is widely utilized as a binder, plasticizer, and thickener. It has an extensive range of applications, including bakery, food and beverage, cosmetics, pharmaceutical industry, and more. In bakery products, guar gum is used as a binding agent, in the food and beverage industry it is used as stabilizing, suspending and thickening, in the pharmaceutical sector it is used for making tablets, and in the cosmetic industry, guar gum is used as a thickener.
Several factors are propelling the guar gum market growth such as growing demand for convenience food, changing eating habits, technological advancements, growing pharmaceutical industry, growing concerns about chemicals used in personal care products and cosmetics, increased health consciousness, and increasing product penetration in the food and beverage, pharmaceutical, and cosmetics industry. Guar gum as an additive provides stable and extended shelf-life to processed food, which again has a positive impact on market growth.
On the flip side, the availability of gluten free alternatives such as chia seeds and psyllium fiber, uncertainty in the supply of raw materials, product price fluctuations, lack of market information and transparency, and imbalanced supply and demand are factors that may impede the guar gum market growth.
Key Players:
Hindustan Gum
Jai Bharat Gum and Chemicals
Neelkanth Polymers
Sunita Hydrocolloids
Vikas WSP
Guangrao Liuhe Chemical
Global Gums & Chemicals
Shandong Dongda Commerce
Jingkun Chemistry Company
Lotus Gums & Chemicals
Supreme Gums
Shree Ram Group
Wuxi Jinxin Science& Tchnology
Rama Industries
Vikas Granaries Limited
Raj Gum
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Market Segmentation
The study throws light on valuable insights into the guar gum market related to different segments based on applications and type.
Based on type, the guar gum market is segmented into food grade, industrial grade, and others.
Based on applications, the guar gum market is segmented into petroleum industry, food industry, and others.
Regional Analysis
The global guar gum market is geographically distributed across Europe, the Asia Pacific (APAC), North and South America, and the Middle East and Africa (MEA).
The guar gum market in North America is predicted to have a remarkable growth. Factors propelling growth in the region include the presence of several shale gas producers and the growing food and beverage industry. The United States as well as Canada are the leading contributors in this region.
The guar gum market in the APAC region is predicted to have a healthy growth chiefly due to the expanding manufacturing facilities in this region, growing food and beverage industry, and rapid industrialization. China, India, and Australia are the chief contributors in this region.
The guar gum market in Europe is predicted to have a remarkable growth chiefly due to the presence of several food additive manufacturers coupled with a growing medical industry. France, Germany, and the UK are the chief contributors in this region.
Industry News
May 2019: Noida authority will soon replace all plastic packaging and planters with eco-friendly planters made with baruda, cow dung, leaves, and yellow mud and bonded with guar gum powder. The authority aims to reduce plastic junks with eco-friendly, organic pots for nurseries, parks, and gardens.
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix