Global Guar Gum Powder Market Size, Share, Price, Trends, Analysis, Outlook, Report, Forecast 2021-2026

The new report by Expert Market Research titled, ‘Global Guar Gum Powder Market Share, Size, Trend, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global guar gum powder market, assessing the market based on its segments like grades, functions, end uses, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): 863.7 million metric tons
Forecast CAGR (2021-2026): 1 .8%
Forecast Market Size (2026): 944.3 million metric tons

The growth of the global guar gum powder market is driven by the growing demand from the food and beverage sector. The increasing application of products such as beverages, confectionery, and frozen and baked goods is expected to drive market growth.

Additionally, the rising expenditure on food and consumer goods owing to inflating disposable income is projected to aid the growth. Moreover, the increasing application of guar gum powder as a disintegrating agent and binder in the pharmaceutical industry along with utilization in personal care products and cosmetics such as soaps, shampoos, conditioners, creams, and lotions are projected to push the market growth over the forecast period.

Industry Definition and Major Segments

Guar gum powder is a free flowing yellowish-white powder obtained from guar plant. It is majorly found in India and Pakistan. It is known for its excellent thickening properties and used as a gelling agent, hydrocolloid, flocculant, natural emulsifier, bonding agent, stabilizer, and fracturing agent. It finds widespread end use application in industries such as food, textile, cosmetics, paper, pharmaceutical, healthcare, explosives, mining, and oil drilling.

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On the basis of grade, the industry is segmented into:

Food-Grade
Industrial-Grade
Pharmaceutical-Grade

The industry can be broadly categorised, on the basis of its function segment, into:

Thickening
Gelling
Binding
Friction Reducing
Others

Based on end-uses, the industry is divided into:

Oil Drilling
Food Industry
Paper and Textile
Pharmaceuticals
Cosmetics
Others

The regional markets for guar gum powder include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

Regionally, North America is expected to have the largest share of the global guar gum powder market. This can be attributed to the growing application of guar gum powder in the oil and gas sector to increase the viscosity of water for oil and gas extraction. Meanwhile, Europe is also expected for a significant share owing to widespread guar gum powder application in the food and beverage sector.

Growing demand for a vegetarian thickening agents will likely aid the European market. However, the Asia Pacific is projected to witness the fastest growth over the forecast period owing to the growing population, rising expenditure over food products, and thriving food and beverage sector.

Key Market Players

The major players in the market are SNP, Inc., Agro Gums, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.