Global Guar Gum Market to Register 4.8% CAGR in 2024-32

As per the research report by Report Cube, the Global Guar Gum Market is estimated to grow at a CAGR of about 4.8% during the forecast period, 2024-32.

The industry is expanding at an accelerated rate because of the changing eating habits of consumers and the growing demand for convenience food brought on by busy lifestyles. Goma gaur, guaran gum, and cluster bean gum are other names for guar gum. Bread, cakes, emulsions, laxatives, diabetics, pharmaceuticals, pet & freezer meals, and laxatives are all common uses for guar gum. It serves as a necessary ingredient to bind ingredients in a variety of confectionery, baked goods, snacks, and meat items.

Processed food products are becoming more & more essential as a result of urbanization, dietary changes, and population growth worldwide. A useful ingredient in several processed meals is guar gum, which is found in dairy products, baked goods, dressings, and sauces. This gelling chemical assists food compositions by enhancing texture, increasing viscosity, and minimizing component separation. Furthermore, because there is a growing need for processed and convenient meals, guar gum is in high demand in the food processing industries. The need for guar gum, an essential part of fracking fluids, has also increased as a result of the world's booming oil and gas market, particularly for unconventional resources like shale formations.

Guar gum is a common replacement used as a thickening ingredient in the production of food goods. Its powdered form is used as an ingredient in ceramic glazes, an adhesive in rolling papers, and a binder in the manufacturing of watercolor paints. In the food business, guar gum is also widely employed as a microencapsulating agent in the production of dairy products, drinks, breads, and confections. Additionally, there are more and more uses for guar gum in a variety of industries, which is expected to fuel the market's expansion.

Moreover, the oil & gas and shale gas industries are among those that favor the usage of guar gum owing to its multipurpose qualities. India manufactures the majority of the world’s guar gum, which is generally used in South Asia. The growing requirement for processed & frozen foods in North America & China’s expanding oil & gas sector is probably going to be the primary forces behind the elevation of the Guar Gum Market share, further states the research study, Global Guar Gum Market Analysis, 2024.

Analyzing the Guar Gum Market Segmentation

Industrial Grade to Dominate the Global Guar Gum Market

By grade, the Global Guar Gum Market is bifurcated into: Food Grade, Industrial Grade, and Pharmaceutical Grade.

Over the course of past years, the Guar Gum Market was dominated by Industrial Grade. In a variety of applications, such as water drilling, hydraulic fracturing, geological drilling, and others, these gums are utilized as gelling agents, thickening, stabilizers, and emulsifiers. Guar gums make it easier for drilling solutions to dissolve & help the bit cool. As a flotation agent, it is also broadly used in mud formulations & wastewater treatment.

Asia-Pacific to Dominate the Global Guar Gum Market

The North America region has historically controlled the Global Guar Gum Market and is foreseen to hold the biggest share during the forecast period as well. The expansion of the market is being impacted by the rising number of oil rigs across the US and other regional countries. Additionally, the market is presumed to surge as the US government aids in expanding exploration efforts. Furthermore, the market share of gur gum in North America is increased by the rising import of cluster bean-based gums from India & Pakistan.

Global Guar Gum Market Companies Analysis

With the strategic analysis & market study the leading companies, including India Glycols., Ltd., Vikas WSP, Rama Gum Industries, Dabur India Ltd., Ingredion Inc., Hindustan Gum and Chemicals Ltd., TIC Gums, Inc., Nutriroma, Shreee India Sino Gums Pvt Ltd., Supreme Gums Pvt. Ltd., Swastik Gum Industrie, are predicted to contribute in the growing market outlook.