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Global Guargum Market Overview
Global Guargum Market size is forecast to reach $789.2 million by 2026, growing at a CAGR of 4.8% during the forecast period 2021-2026. Guargum is extracted from guar beans and is a galactomannan polysaccharide. It has the ability to decrease the amount of glucose and absorb cholesterol in the stomach. It has multi-functional properties and is increasingly being used in several industries such as mining, manufacturing, food & beverage, and cosmetics among others. It offers a wide range of functions such as stabilizer, gelling agent, friction reducer, and binder. Guargum is mostly used as hydrocolloidal and as sugars galactose. Hydroxypropyl guar is a natural thickener that appears as a white powder and is derived from guar gum. It is produced by reacting propylene glycol with guar gum as it improves stability. Increasing awareness regarding the benefits of convenience food and changing the eating habits of the consumers are the major factors driving the growth of the market. Increasing penetration of products in the pharmaceutical industry and increasing incidences of the non-communicable diseases is set to further enhance the overall market developments of the Global Guargum Market for the period 2021-2026.
Report Coverage
The report: “Global Guargum Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Guargum Market.
By Grade: Food Grade, Industrial Grade, and Pharmaceutical Grade.
By Function: Thickening, Gelling, Binding, Friction Reducing, and Others.
By Applications: Oil & Gas, Food & Beverage, Mining, Manufacturing, Pharmaceuticals, Cosmetics, Ceramics, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).
Key Takeaways
- North America dominated the Global Guargum Market in 2020 owing to the increasing adoption of the hydraulic fracking and increasing usage of oil well drilling in the oil & gas industry. The Global Guargum Market scope for different regions will be provided in the final report.
- Increasing demand for natural additives and increasing consumer awareness regarding the Guargum are likely to aid the market growth of the Global Guargum Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Global Guargum Market report.
- Lack of raw material supply and fluctuations in prices are poised to create hurdles for the Global Guargum Market.
Global Guargum Market Revenue Share, By Geography, 2020(%)
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Global Guargum Market Segment Analysis - By Grade
Food Grade held the largest share in the Global Guargum Market in 2020 and is estimated to grow at a CAGR of 5.2% during the forecast period 2021-2026. This is owing to the increasing demand with increasing food processing industry and increasing shift towards the eating habits. Increasing demand for products as a natural thickener in functional foods and increasing demand for industrial grade guar gum is increasing the growth of the segment. Guargum has a wide range of functions such as sizing agent, water barrier, flocculating agent for wastewater treatment, binding, emulsifier, and gelling agent. Increasing usage of guargum in the pharmaceutical industry is also increasing the demand of the market. Food Grade is estimated to register the higher CAGR over the period 2021-2026.
Global Guargum Market Segment Analysis - By Application
Oil & Gas held the largest share in the Global Guargum Market in 2020 and is estimated to grow at a CAGR of 5.5% during the forecast period 2021-2026. This is owing to the increasing demand of shale gas boom. There is an increasing demand for guargum from the food & beverage industry owing to the rising trend of the processed foods and increasing consumption of organic foods. Guargum is widely used in pharmaceutical applications such as dietary fiber in capsules as well as a binder in tablets owing to the fact that it has adhesive properties. Guargum is also used in personal care and cosmetics products such as shampoos, and lotions among others. There is also an increasing demand of guargum from pulp & paper industry, textile, mining, and others. Oil & Gas is estimated to register the higher CAGR over the period 2021-2026.
Global Guargum Market Segment Analysis - By Geography
North America dominated the Global Guargum Market with a major share of 32.5% in 2020. This is owing to the increasing demand from food processing sector and increasing awareness regarding the weight loss benefits of the Guargum. Increasing urbanization, increasing demand for oil & gas industry, and increasing efforts by the U.S. government for enhancing the exploration activities are increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period
Global Guargum Market Drivers
Increasing Application of Guargum in Various Industries Owing to its Multifunctional Properties
Increasing application of guargum in various industries owing to its multifunctional properties is expanding the growth of the Global Guargum Market. There is an increasing awareness among consumers regarding nutrition & health and this has increased the interest of consumers in organic and natural products. Owing to these facts the food manufacturers are intended in using natural gums in several food applications. In the food and beverage industry, guargum is used as a binding agent, emulsifier, stabilizer, thickener, texturing agent, and gelling agent among others. Guargum reduces the serum low-density lipoprotein cholesterol and has the ability to increase glucose tolerance. However, India accounts for 90% of the world’s guar produce. 90% of the total Guar produce is used for the production of Guar Gum and the rest is used for culinary purposes and cattle feed. Thus, increasing the growth of the Guar gum Market during the forecast period 2021-2026.
Increasing Demand for Convenience Food is Increasing the Growth of the Market
Increasing demand for convenience food is increasing the growth of the Guargum market. This is owing to the busy lifestyle of the consumers, increasing usage of household technologies, and increasing working hours of the consumer. Guargum is essential in convenience food products as a food additive. It also improves the quality of the food. Increasing consumer’s interest in the processed food products and increasing preference for low-calorie food products is increasing the growth of the market. There is an increasing demand for guargum as a fat replacer in convenience foods. Thus, increasing the growth of the Guargum Market during the forecast period 2021-2026.
Global Guargum Market Challenges
Lack of Raw Material Supply and Fluctuations in Prices
Some of the factors that are set to impede the growth of the Global Guargum Market are the lack of raw material supply and price fluctuations. The price of guargum is determined by the raw material cost, demand, and supply. Supply and demand of the guargum are influenced by various factors such as the substitutes availability, and increasing substitutes industries.
Global Guargum Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Global Guargum Market. In 2020, the Global Guargum Market share is consolidated by the top ten players present in the market. The Global Guargum Market, top 10 companies are -
- Ruchi Soya Industries Limited
- Lucid Group
- Dabur India Ltd.
- Vikas WSP Limited
- Hindustan Gums and Chemical Limited
- Ingredion Incorporated
- Shree Ram Industries
- India Glycols Ltd.
- Global Gums and Chemicals Pvt. Limited
- Altrafine Gums
Acquisitions/Product Launches
- In March 2019, Vikas WSP Ltd., a key manufacturer of guargum powder received approval of guargum products exports for the utilization of the fertilizer stabilization.
Relevant Titles:
Food and Beverage Additives Market - Forecast(2021 - 2026)
Report Code: FBR 0430Private Label Food and Beverage Market - Forecast(2021 - 2026)
Report Code: FBR 0251For more Food and Beverage Market related reports, please click here
1. Global Guargum Market- Overview
1.1 Definitions and Scope
2. Global Guargum Market- Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Grade
2.3 Key trends by Function
2.4 Key trends by Application
2.5 Key trends by Geography
3. Global Guargum Market– Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Global Guargum Market- Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Global Guargum Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Global Guargum Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Global Guargum Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Global Guargum Market – By Grade(Market Size –$Million/$Billion)
8.1 Food Grade
8.2 Industrial Grade
8.3 Pharmaceutical Grade
9. Global Guargum Market – By Function(Market Size –$Million/$Billion)
9.1 Thickening
9.2 Gelling
9.3 Binding
9.4 Friction Reducing
9.5 Others
10. Global Guargum Market – By Application (Market Size –$Million/$Billion)
10.1 Oil & Gas
10.2 Food & Beverage
10.3 Mining
10.4 Manufacturing
10.5 Pharmaceutical
10.6 Cosmetic
10.7 Others
11. Global Guargum Market- By Geography(Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 France
11.2.3 Germany
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of APAC
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Global Guargum Market- Entropy
13. Global Guargum Market– Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Global Guargum Market– Key Company List by Country Premium Premium
15. Global Guargum Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)1.1 Food Grade Market 2019-2024 ($M) - Global Industry Research
1.1.1 By End User Market 2019-2024 ($M)
1.2 Industrial Grade Market 2019-2024 ($M) - Global Industry Research
1.2.1 By End User Market 2019-2024 ($M)
1.3 Fast Hydration Market 2019-2024 ($M) - Global Industry Research
1.3.1 By End User Market 2019-2024 ($M)
2.Global GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
2.1 Food Beverage Market 2019-2024 ($M) - Global Industry Research
2.1.1 By Grade Market 2019-2024 ($M)
2.2 Pharmaceuticals Market 2019-2024 ($M) - Global Industry Research
2.2.1 By Grade Market 2019-2024 ($M)
2.3 Cosmetics Market 2019-2024 ($M) - Global Industry Research
2.3.1 By Grade Market 2019-2024 ($M)
2.4 Paper Industry Market 2019-2024 ($M) - Global Industry Research
2.4.1 By Grade Market 2019-2024 ($M)
2.5 Textile Market 2019-2024 ($M) - Global Industry Research
2.5.1 By Grade Market 2019-2024 ($M)
2.5.2 By Grade Market 2019-2024 ($M)
3.Global GUARGUM MARKET, BY GRADE Market 2019-2024 (Volume/Units)
3.1 Food Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 By End User Market 2019-2024 (Volume/Units)
3.2 Industrial Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 By End User Market 2019-2024 (Volume/Units)
3.3 Fast Hydration Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 By End User Market 2019-2024 (Volume/Units)
4.Global GUARGUM MARKET, BY END USER Market 2019-2024 (Volume/Units)
4.1 Food Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 By Grade Market 2019-2024 (Volume/Units)
4.2 Pharmaceuticals Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 By Grade Market 2019-2024 (Volume/Units)
4.3 Cosmetics Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 By Grade Market 2019-2024 (Volume/Units)
4.4 Paper Industry Market 2019-2024 (Volume/Units) - Global Industry Research
4.4.1 By Grade Market 2019-2024 (Volume/Units)
4.5 Textile Market 2019-2024 (Volume/Units) - Global Industry Research
4.5.1 By Grade Market 2019-2024 (Volume/Units)
4.5.2 By Grade Market 2019-2024 (Volume/Units)
5.North America GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
5.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
5.1.1 By End User Market 2019-2024 ($M)
5.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
5.2.1 By End User Market 2019-2024 ($M)
5.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
5.3.1 By End User Market 2019-2024 ($M)
6.North America GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
6.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
6.1.1 By Grade Market 2019-2024 ($M)
6.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
6.2.1 By Grade Market 2019-2024 ($M)
6.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
6.3.1 By Grade Market 2019-2024 ($M)
6.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
6.4.1 By Grade Market 2019-2024 ($M)
6.5 Textile Market 2019-2024 ($M) - Regional Industry Research
6.5.1 By Grade Market 2019-2024 ($M)
6.5.2 By Grade Market 2019-2024 ($M)
7.South America GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
7.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
7.1.1 By End User Market 2019-2024 ($M)
7.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
7.2.1 By End User Market 2019-2024 ($M)
7.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
7.3.1 By End User Market 2019-2024 ($M)
8.South America GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
8.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
8.1.1 By Grade Market 2019-2024 ($M)
8.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
8.2.1 By Grade Market 2019-2024 ($M)
8.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
8.3.1 By Grade Market 2019-2024 ($M)
8.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
8.4.1 By Grade Market 2019-2024 ($M)
8.5 Textile Market 2019-2024 ($M) - Regional Industry Research
8.5.1 By Grade Market 2019-2024 ($M)
8.5.2 By Grade Market 2019-2024 ($M)
9.Europe GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
9.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
9.1.1 By End User Market 2019-2024 ($M)
9.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
9.2.1 By End User Market 2019-2024 ($M)
9.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
9.3.1 By End User Market 2019-2024 ($M)
10.Europe GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
10.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
10.1.1 By Grade Market 2019-2024 ($M)
10.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
10.2.1 By Grade Market 2019-2024 ($M)
10.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
10.3.1 By Grade Market 2019-2024 ($M)
10.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
10.4.1 By Grade Market 2019-2024 ($M)
10.5 Textile Market 2019-2024 ($M) - Regional Industry Research
10.5.1 By Grade Market 2019-2024 ($M)
10.5.2 By Grade Market 2019-2024 ($M)
11.APAC GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
11.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
11.1.1 By End User Market 2019-2024 ($M)
11.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
11.2.1 By End User Market 2019-2024 ($M)
11.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
11.3.1 By End User Market 2019-2024 ($M)
12.APAC GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
12.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
12.1.1 By Grade Market 2019-2024 ($M)
12.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
12.2.1 By Grade Market 2019-2024 ($M)
12.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
12.3.1 By Grade Market 2019-2024 ($M)
12.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
12.4.1 By Grade Market 2019-2024 ($M)
12.5 Textile Market 2019-2024 ($M) - Regional Industry Research
12.5.1 By Grade Market 2019-2024 ($M)
12.5.2 By Grade Market 2019-2024 ($M)
13.MENA GUARGUM MARKET, BY GRADE Market 2019-2024 ($M)
13.1 Food Grade Market 2019-2024 ($M) - Regional Industry Research
13.1.1 By End User Market 2019-2024 ($M)
13.2 Industrial Grade Market 2019-2024 ($M) - Regional Industry Research
13.2.1 By End User Market 2019-2024 ($M)
13.3 Fast Hydration Market 2019-2024 ($M) - Regional Industry Research
13.3.1 By End User Market 2019-2024 ($M)
14.MENA GUARGUM MARKET, BY END USER Market 2019-2024 ($M)
14.1 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
14.1.1 By Grade Market 2019-2024 ($M)
14.2 Pharmaceuticals Market 2019-2024 ($M) - Regional Industry Research
14.2.1 By Grade Market 2019-2024 ($M)
14.3 Cosmetics Market 2019-2024 ($M) - Regional Industry Research
14.3.1 By Grade Market 2019-2024 ($M)
14.4 Paper Industry Market 2019-2024 ($M) - Regional Industry Research
14.4.1 By Grade Market 2019-2024 ($M)
14.5 Textile Market 2019-2024 ($M) - Regional Industry Research
14.5.1 By Grade Market 2019-2024 ($M)
14.5.2 By Grade Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Guargum Market Revenue, 2019-2024 ($M)2.Canada Global Guargum Market Revenue, 2019-2024 ($M)
3.Mexico Global Guargum Market Revenue, 2019-2024 ($M)
4.Brazil Global Guargum Market Revenue, 2019-2024 ($M)
5.Argentina Global Guargum Market Revenue, 2019-2024 ($M)
6.Peru Global Guargum Market Revenue, 2019-2024 ($M)
7.Colombia Global Guargum Market Revenue, 2019-2024 ($M)
8.Chile Global Guargum Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Guargum Market Revenue, 2019-2024 ($M)
10.UK Global Guargum Market Revenue, 2019-2024 ($M)
11.Germany Global Guargum Market Revenue, 2019-2024 ($M)
12.France Global Guargum Market Revenue, 2019-2024 ($M)
13.Italy Global Guargum Market Revenue, 2019-2024 ($M)
14.Spain Global Guargum Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Guargum Market Revenue, 2019-2024 ($M)
16.China Global Guargum Market Revenue, 2019-2024 ($M)
17.India Global Guargum Market Revenue, 2019-2024 ($M)
18.Japan Global Guargum Market Revenue, 2019-2024 ($M)
19.South Korea Global Guargum Market Revenue, 2019-2024 ($M)
20.South Africa Global Guargum Market Revenue, 2019-2024 ($M)
21.North America Global Guargum By Application
22.South America Global Guargum By Application
23.Europe Global Guargum By Application
24.APAC Global Guargum By Application
25.MENA Global Guargum By Application
26.Vasundhara Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Aravally Processed Agrotech Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.LobaChemie Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.USA Guar Gum, LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Palani Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Canadian Agri Products Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.United Guar LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Cargill, Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.E. I. du Pont de Nemours and Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Dabur Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)