Our latest research report entitled Guar Gum Market (by grade (food-grade, industrial-grade, and pharmaceutical-grade), function (thickening, gelling, binding, friction-reducing), application (oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics)) provides complete and deep insights into the market dynamics and growth of Guar Gum.
The latest information on market risks, industry chain structure Guar Gum cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Guar Gum growth factors.
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Global Guar Gum Market is Projected to Grow at A CAGR of 6.4%
Guar gum is an organic substance, obtained from guar beans that have several unique properties such as thickening, emulsifying, and stabilizing agents. It is used in several industries such as the food and beverage industry, oil and gas, mining and explosives, paper manufacturing, pharmaceuticals and cosmetics, and other industries. The growing application of the guar gum in the bakery industry in several applications as bread, pastry, cakes, and cookies production is helping to grow its demand around the world.
It helps to keep bakery products smooth, pliable, and fresh for a long period and provides the milky white-bleached appearance to the bread. Further, owing to its excellent thickening and suspending properties, it is used in the cosmetics industry. In the feed industry, it is used as a binding agent in the fish feed pellets manufacturing. Its unique binding property protects the feed pallet from disintegrating quickly when it is submerged into water. The global guar gum market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
The growing industrial application of the guar gum for the industrial application is helping to grow the demand for guar gum-based products in developing countries. However, the availability of the substitute is hampering the growth of this market for the short term. Further, the growing awareness about the health benefits of the guar gum among young and middle-class consumers are expected to boost the demand for guar gum-based products in the near future.
North America is The Largest Player of the Guar Gum Market
North America is the largest player of the guar gum market owing to the presence of a large number of companies engaged in the oil & gas industries, food processing industry, pharmaceutical, and cosmetic industries. These companies use a large quantity of guar gum in their business activities, which is helping to grow this market at a sustainable rate.
The Asia-Pacific guar gum market is expected to grow at the highest CAGR during the forecast period, owing to the growing industrial application of the guar gum-based products.
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Report on The Global Guar Gum Market Covers Segments Such as Grade, Function, and Application
On the basis of grade, the sub-markets include food-grade, industrial-grade, and pharmaceutical-grade. On the basis of function, the sub-markets include thickening, gelling, binding, friction-reducing, and other functions. On the basis of application, the sub-markets include oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals & cosmetics, and other applications.
The report provides profiles of the companies in the market such as Global Gums & Chemicals, Lucid Colloids Ltd., Neelkanth Polymer Industries, India Glycols Ltd., Dabur, Vikas WSP Limited, Ashland Global Specialty Chemicals Inc., Ingredion Incorporated, E. I. du Pont de Nemours and Company, and Cargill, Incorporated.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-guar-gum-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Guar Gum.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.