The global guar gum powder market size reached US$ 21.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 36.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2023-2032. The rising prevalence of convenience and ready-to-eat (RTE) food items, increasing adoption in pharmaceuticals, and the growing usage of industrial-grade product variants represent some of the key factors driving the market.
Guar gum powder is a natural food ingredient extracted from the seeds of the guar plant. It is a white and yellowish soluble fiber that absorbs water and forms a gel-like substance and has thickening properties. It is also resistant to heat, pH changes, and enzymatic degradation and widely used as a stabilizing and binding agent in a wide range of food products, such as sauces, dressings, soups, ice cream, baked goods, and beverages. Apart from this, it is utilized as a sizing agent and thickener in textile printing, dyeing processes, and hydraulic fracturing fluids used in oil and gas exploration. It is also employed in animal feed formulations and works as a disintegrant and controlled release agent in medicines. Gaur gum powder is used in numerous personal care products, such as lotions, creams, and shampoos. At present, it is available as food-grade, industrial-grade, and pharmaceutical-grade across the globe.
2. What is the expected growth rate of the global guar gum powder market during 2024-2032?
3. What are the key factors driving the global guar gum powder market?
4. What has been the impact of COVID-19 on the global guar gum powder market?
5. What is the breakup of the global guar gum powder market based on the grade?
6. What is the breakup of the global guar gum powder market based on the function?
7. What is the breakup of the global guar gum powder market based on the end use Industry?
8. What are the key regions in the global guar gum powder market?
Guar gum powder is a natural food ingredient extracted from the seeds of the guar plant. It is a white and yellowish soluble fiber that absorbs water and forms a gel-like substance and has thickening properties. It is also resistant to heat, pH changes, and enzymatic degradation and widely used as a stabilizing and binding agent in a wide range of food products, such as sauces, dressings, soups, ice cream, baked goods, and beverages. Apart from this, it is utilized as a sizing agent and thickener in textile printing, dyeing processes, and hydraulic fracturing fluids used in oil and gas exploration. It is also employed in animal feed formulations and works as a disintegrant and controlled release agent in medicines. Gaur gum powder is used in numerous personal care products, such as lotions, creams, and shampoos. At present, it is available as food-grade, industrial-grade, and pharmaceutical-grade across the globe.
Guar Gum Powder Market Trends:
At present, the growing working population and the escalating demand for convenience food and ready-to-eat (RTE) items represent one of the key factors positively influencing the market across the globe. In addition, sedentary lifestyles and the increasing prevalence of constipation, diarrhea, irritable bowel syndrome (IBS), high cholesterol, and hypertension are catalyzing the demand for gaur gum powder in the pharmaceutical industry. Guar gum powder is a natural and biodegradable product that is obtained from a renewable source, which makes it an attractive option for consumers who are shifting towards sustainable and eco-friendly products. Moreover, governments of various countries are mandating the use of natural and eco-friendly products across various industries, which is strengthening the growth of the market worldwide. Apart from this, increasing investments in research and development (R&D) activities for introducing gaur gum powder in 3D printing as a binder due to its adhesive and thickening properties. Additionally, gaur gum powder is compatible with a variety of printing technologies, such as fused deposition modeling (FDM) and selective laser sintering (SLS), and mixed with a variety of materials like metals, plastics, and ceramics for creating 3D printed objects, which is fueling the growth of the market around the world.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global guar gum powder market report, along with forecasts at the global and country level from 2024-2032. The report has categorized the market based on grade, function and end use industry.Grade Insights:
- Food-Grade
- Industrial-Grade
- Pharmaceutical-Grade
Function Insights:
- Thickening
- Gelling
- Binding
- Friction Reducing
- Other Functions
End Use Industry Insights:
- Oil Drilling
- Food Industry
- Paper and Textile
- Pharmaceuticals
- Cosmetics
- Others
Regional Insights:
- The United States
- Germany
- India
- Others
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global guar gum powder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.Key Questions Answered in This Report
1. What was the size of the global guar gum powder market in 2023?2. What is the expected growth rate of the global guar gum powder market during 2024-2032?
3. What are the key factors driving the global guar gum powder market?
4. What has been the impact of COVID-19 on the global guar gum powder market?
5. What is the breakup of the global guar gum powder market based on the grade?
6. What is the breakup of the global guar gum powder market based on the function?
7. What is the breakup of the global guar gum powder market based on the end use Industry?
8. What are the key regions in the global guar gum powder market?
Table of Contents
1 Preface3 Executive Summary14 Loans and Financial Assistance16 Key Player Profiles
2 Scope and Methodology
4 Introduction
5 Global: Guar Seed Industry
6 Global: Guar Gum Powder Industry
7 Market Breakup by Grade
8 Market Breakup by Function
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 Competitive Landscape
12 Guar Gum Powder Manufacturing Process
13 Project Details, Requirements and Costs Involved
15 Project Economics
List of Figures
List of Tables
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 21.2 Billion |
| Forecasted Market Value ( USD | $ 36.4 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
