Guar Gum Market Revenue, Competitive Landscape, Future Trends and Forecast 2027
Based
on type, the global Guar Gum Market Revenue has been segmented into food grade,
industrial grade, and others. The industrial grade segment is anticipated to
gain the largest revenue share in the global Guar Gum Market Revenue due to its
increasing application in vast industries such as oil & gas, mining,
explosives, cosmetics, pharmaceuticals, and others. However, the food grade
segment is expected to grow with the highest CAGR due to the surging demand of
guar gum from food & beverage manufacturers, and emergence of convenient
substitutes of guar gum in industrial applications.
Key
Players
Some of the key
players in the global Guar Gum Market Revenue 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).
Market Segmentation:
The Global Guar
Gum Market Revenue has been segmented on the basis of type, function,
application, and region.
The Global Guar
Gum Market Revenue has been divided, by type, into food grade, industrial
grade, and others.
Based on
function, the Global Guar Gum Market Revenue has been segregated into
thickening, gelling, binding, and others.
By
application, the Global Guar Gum Market Revenue is bifurcated into food &
beverages, pharmaceuticals, personal care, oil & gas, and others. The food
& beverages segment is further segregated into bakery & confectionary,
dairy & frozen desserts, beverages, convenience food, and others.
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Regional Analysis
The Global Guar Gum Market
Revenue 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 Revenue 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 Revenue in North America.
Asia-Pacific guar gum is
anticipated to grow with the highest CAGR during the forecast period owing to
the increasing production and consumption of guar gum in the region. In
addition, the changing lifestyle of people, adoption of a healthy diet, and
growing preference towards convenience foods is propelling the food and
beverage manufacturers in Asia-Pacific to guar gum as a food additive.
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and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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