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Gaur Gum Market, Size, Share, Growth - 2020-2027

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vikram pathari
Gaur Gum Market, Size, Share, Growth - 2020-2027

Market Overview

  • The Global Guar Gum Market is expected to grow at a CAGR of 6.96% during the forecasting period (2020-2027).
  • Guar Gum is a galactomannan polysaccharide manufactured from milling and screening of de-husked guar seeds. Guar gum in both modified and unmodified states has evolved as an efficient natural polymer for various applications in a broad spectrum of end-user industries including food & beverages, pharmaceuticals, cosmetics, paper, textile, construction, and others. Gaur gum grows effectively in sandy soils, in the areas of the west and northern part of India. It is estimated that approximately 80% of globally produced guar gum is produced in India and 15% in Pakistan. Major countries importing gaur gum from India are the United States, Germany, and China. Growing global demand for organic food & beverages and the presence of natural emulsifying and thickening properties are the primary factors driving the global gaur gum market during the forecast period.

 

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Market Dynamics:

The inherent ability of guar gum to suspend solids, control the viscosity of aqueous solutions, bind water by hydrogen bonding and ability to form tough films have contributed to the rapid growth of the market in various end-use industries. Increasing extraction activities of oil and shale gas increased the usage of guar gum in extraction activities, thus contributing to the growth of the guar gum market globally during the forecast period. Increasing consumer demand for organic food is expected to boost the demand for guar gum in the food and beverage industry. Guar gum is used as a natural emulsifying & thickening agent in food formulations. Moreover, stringent government regulations imposed over the addition of synthetic emulsifying agents in food and beverage processing is predicted to increase the consumption of guar gum during the forecast period

However, the availability of synthetic alternatives for guar gum from China and the presence of various health-related side effects through consumption of gaur gum are primary factors hindering the growth of the guar gum market globally.

 

Market Segmentation Analysis

  • The global guar gum market is segmented based on the end-use industry into the food and beverage industry, pharmaceutical industry, cosmetics industry, paper industry, oil & gas industry, other industries.
  • The oil and gas industry is dominating the global gaur gum market during the forecast period owing to its extensive usage in hydraulic fracturing activities during the extraction of oil and shale gas from shale reservoirs. Guar gum has unique binding and thickening and emulsifying qualities which is suitable for fracking. According to the data published by the Ministry of Commerce & Industry, Government of India in 2018-19, approximately 90% of guar gum exports from India are used in the extraction of oil and shale gas trapped in shale formations.

 

Market Geographical Analysis

  • By region, the global guar gum market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and America.
  • The United States is expected to dominate the global gaur gum market during the forecast period owing to an increased usage of guar gum in the extraction of oil and shale gas, in the production of food and beverages over the synthetic chemicals due to its organic and cost-effective nature. According to Export genius, the United States accounted for 44.54% of total volume-based exports of guar gum from India in 2017. Increasing oil and gas extraction activities associated with growing consumer demand for organic food is further expected to boost the market for guar gum in the United States during the forecast period. Furthermore, increasing activities of hydrofracking in oil and gas wells across the United States is expected to increase the consumption of guar gum during the forecast period. According to the study published by U.S Energy Information Association, approximately more than 95% of drilling activities conducted across the United States accounted for hydraulic fracturing.

 

Market Competitive Analysis

  • The global guar gum market is majorly based in India and has a large number of regional players providing their service in respective industries. Merger and acquisition between the global and regional players to improve their market presence and share in respective market segments is the primary strategy adopted by the prominent players in the global guar gum market.
  • In January 2017, Ingredion Incorporated acquired TIC Gums Inc. to expand its market presence and foothold in advanced texture solutions for various food formulations.
  • Some of the key players in the global guar gums market include Dupont Nutrition & Biosciences, Palani Group, Somar Corporation, Saboo Group of Industries, and many others.

 

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About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

 

For more information:

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Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

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