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Guar Gum Market is expected to Generate Huge Profits by 2023, Top Key Players Analysis


iCrowdNewswire   Jan 8, 2021  5:00 AM ET

Market Highlights

Guar gum is a natural gum obtained from guar beans. It is witnessing an increasing application scope in various industries such as food & beverages, personal care, pharmaceuticals, mining, oil & gas, feed, explosives and others. The stabilizing and thickening properties of guar gum are the major determinants that are surging its demand in various industries. It is a gluten-free product that is gaining demand in food and beverages industry as a natural additive to replace gluten-based products.

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The Global Guar Gum Market has been segregated, by function, into thickening, gelling, binding, and others. Owing to the multifunctional properties of guar gum the thickening, gelling, and binding segments are all expected to gain significant share in the global market.

Key Players

Some of the key players in the Global Guar Gum Market are Hindustan Gums & Chemicals Ltd. (India), DuPont (US), Dabur India Ltd (India), Lucid Colloids Ltd. (India), Supreme Gums Pvt. Ltd. (India), India Glycols Limited (India), Vikas WSP (India), Rama Gum Industries Limited (India), ALTRAFINE Gums (India), Cargill, Incorporated (US), Jai Bharat Gum & Chemicals LTD (India), Global Gums & Chemicals (Pakistan), Ashland (US), Ingredion Inc. (US), and GUANGRAO LIUHE Chemical Co., Ltd. (China).

Regional Analysis

The Global Guar Gum Market has been segmented by region, into North America, Europe, Asia-Pacific, and Rest of the World.

North America is projected to dominate the global guar gum market owing to the rising demand for convenience food in the region. Moreover, the surging demand for natural food and rising incidences of gluten intolerance are also driving the growth of guar gum market in North America.

Segmentation

The Global Guar Gum Market has been segmented on the basis of type, function, application, and region.

The Global Guar Gum Market has been divided, by type, into food grade, industrial grade, and others.

Based on function, the Global Guar Gum Market has been segregated into thickening, gelling, binding, and others.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.



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