Guar Gum is also called Guaran, made from legumes called guar beans. It is a free-flowing powder along with white to yellow with a slight odor. Guar Gum is a type of galactomannan polysaccharide, or long chain of bonded carbohydrate molecules, and is composed of two sugars called mannose and galactose. It’s especially useful in the food manufacturing industry, as they are soluble and able to absorb water, and forms a gel that thickens and binds products.
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Guar Gum Market Scope:
To get the final quantitative and qualitative data, all possible factors influencing the markets included in this research study have been considered, thoroughly analyzed, confirmed by primary research, and assessed. The market size for top-level markets and sub-segments is assessed, and the influence of inflation, economic crashes, regulatory & policy changes, and other variables is accounted for in market forecasting. This data is combined with detailed inputs and analysis from the firms and presented in this report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Guar Gum Market Overview:
This study's objective is to provide a comprehensive analysis of the global Guar Gum Market, covering its geographical and industry segments. The analysis goes into great detail about the key market growth factors for the guar gum business. The value chain of the market is thoroughly examined in the report.
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Segmentation:
Based on the Grade, the market is segmented into Pharmaceutical, Industrial, and Food. With the several applications of Guar Gum, the Food segment captured the largest market share, accounting for 58.70% of the market in 2021. The food segment is expected to grow with the highest CAGR of 7.8% during the forecast period. The demand for convenience food is increasing due to changing lifestyles, eating habits, and rising disposable income of people across the globe. Moreover, the increasing preference for low-calorie and low-fat foods favors guar gum, which is benefiting the guar gum market growth. As growing demand for this segment, manufacturers are focusing on the introduction of advanced technology for the product, which fuels a high growth rate for this segment.
Industrial-grade guar gum is used in huge quantities in the hydraulic fracking process for the extraction of shale oil and gas, demand is expected to rise in line with the shale oil and gas industry. The Pharmaceutical segment is expected to grow significantly owing to its widespread uses in the health sector.
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing managers, while secondary research included an examination of the main manufacturers' quarterly and financial performance. Secondary sources are used to produce worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then checked using primary data.
The major players covered in the Guar Gum market report are
• Hindustan Gums & Chemicals Ltd
• India Glycols Limited
• Rama Gum Industries Ltd.
• Dabur India Ltd.
• TIC
• Nutriroma
• AEP Colloids
• Shree India Sino
• Cargill Incorporated
• DuPont
• The INGREDION
• Ashland
• Vikas WSP Limited
• Neelkanth Polymers
• Lucid Group
• Global Gums Chemicals
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Guar Gum Market:
The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Guar Gum market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Guar Gum industry's firms and associations.
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Key Questions Answered in the Guar Gum Market Report are:
- Which segment grabbed the largest share in the Guar Gum market?
- What was the competitive scenario of the Guar Gum market in 2021?
- Which are the key factors responsible for the Guar Gum market growth?
- Which region held the maximum share in the Guar Gum market in 2021?
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