Guar Gum Market

Global Guar Gum Market Size (2024 to 2029)

The global Guar Gum Market is worth US $959.66 million in 2024 and is estimated to reach a valuation of US $1.4 billion by the end of 2029, rising at an annual compound rate of 7.9% between 2024 and 2029. Guar black is finding numerous applications in sectors like food, oil and gas, and pharmaceuticals. It functions as a friction-reducing agent, binder, thickener, stabilizer, and gelling agent.

Guar Black is known as Guar Gum as an alternative. It is an abundant source of high-quality galactic-metal polysaccharides. It is obtained from guar seeds. Plant seeds are dried in the sun and then separated and processed into flour known as guar gum powder. Guar rubber partitions are also used in many other industries. However, guar black is processed according to the requirements of the final product. Guar gum powder is more concentrated than cornstarch. Therefore, it is widely used as a thickener, plasticizer, and binder. It has a natural ability to bind water molecules and is easily soluble in water. Guar or guarlan gum is made from soybeans and is used in various industries due to its thickening and stabilizing properties. The seeds are peeled, sieved, and crushed to obtain a product. It is produced as a whitish, free-flowing powder and is classified as galactomannan. These are polysaccharides, compounds of sugar galactose and mannose, and have a higher solubility than grasshopper bean gum. They are very stable in the pH range of 5-7. The main factors driving growth in the global guar gum market are the increased application of this product due to the multifunctional nature of healthy food consumers and increased health awareness.

MARKET DRIVERS

Changes in eating habits are expected to have a significant impact on industry trends as demand for prepared foods increases.

Guar black as an additive provides a long and stable shelf life for processed foods, which is supposed to promote market growth. Increased product penetration in the pharmaceutical industry is assumed to be one of the main factors driving the overall market growth. The aging population and the increase in non-communicable diseases and chronic disabilities are driving the growth of the pharmaceutical industry, and as a result, product consumption is likely to increase. Product prices are mainly determined by raw materials, demand, and supply costs. Demand and supply are influenced by several underlying factors, such as the availability of alternatives, current market trends, and the growth of the consumer industry.

Future business practices and current transactions also affect fluctuations in product prices in the short term. With the rise in consumer knowledge about healthy living and nutrition intake, the demand for organic products like guar gum has risen. Guar black is a natural ingredient and has several health benefits, including lower cholesterol and serum low-density lipoprotein (LDL) triglycerides and improved glucose tolerance. This has led food manufacturers to use natural gums in a variety of food applications. In the food industry, black guar is used in frozen foods, baked goods, dairy products, sauces, and salad dressings, thickeners for candies, beverages, stabilizers, emulsifiers, binders, coatings, texturing agents, and gelling agents. In addition to the food industry, the properties of guar gum, as a binder, crushing, waterproofing, and gelling, are ideal additives for a variety of industries, such as oil and gas, mining, explosives, textiles, pharmaceuticals, textiles, and water treatment.

Along with the busy consumer lifestyle, the global demand for prepared food is increasing. The global market for fast food has been influenced by factors such as increased use of home technology, extended work hours, and rising consumer incomes. It enhances quality as one of the essential food additives in convenient foods like guar black soup, cakes, pastries, bread, gravy, and snacks. Growth in the guar gum market is anticipated to intensify soon as consumer interest in processed foods increases. It also aids in reducing the overall fat content of foods, as it increases your preference for low-calorie, fat diets that favor guar gum. This trend helps the guar gum market. It is used as a fat substitute in black guar convenience foods.

MARKET RESTRAINTS

The main limitation of the global guar gum market is the appearance of gluten-free alternatives, such as silicon fiber and chia seeds.

It has recently lost its luster due to oversupply and reduced demand. Additionally, a drop in oil prices has affected the market as oil and gas exploration activity declines worldwide. The European Commission has issued warnings about high intake due to the presence of dioxin, which weakens the immune system. Weekly exports and massive inventory loads may limit growth in the near future.

REPORT COVERAGE

REGIONAL ANALYSIS

North America's guar gum market had the largest volume share, 44.0%, in the global business. In particular, the United States is estimated to be the largest market for guar gum, as the adoption of hydraulic cracking and oil well drilling in the oil and gas industry has grown significantly. This trend is anticipated to continue during the forecast period due to the availability of abundant, technically recoverable oil and gas resources. The increase in the number of oil platforms in the United States is one of the main factors in the growth of the regional market. This has resulted in increased demand for products, leading to a higher price.

Furthermore, the efforts of the United States government to strengthen exploration activities are expected to have a positive impact on market growth. The food processing sector is among the principal consumers of guar gum in Europe. Knowledge of the product's weight loss benefits is foreseen to increase demand. Despite disappointing exploration results and a lack of investment in the oil and gas sector, exploration drilling in Europe is suspected of resuming in 2018, increasing product consumption. Population growth, growth in disposable income, and rapid urbanization in the Asia-Pacific region have dramatically increased the consumption of processed foods. Due to this, the demand for products in the area is growing. China and India are deemed to become significant consumers due to the rapid growth of oil and gas exploration activities and the presence of vast technologically recoverable resources.

KEY PLAYERS IN THE GLOBAL GUAR GUM MARKET

Major Key Players in the Global Guar Gum Market are Cargill, E.I. Dupont De Nemours and Company, Ingredion Incorporated, Shree Ram Industries, Dabur India Ltd, Hindustan Gums and Chemical Limited, Lucid Group, Supreme Gums Private Limited, Rama Gum Industries, and Guangrao Liuhe Chemical Co., Ltd.   

RECENT HAPPENINGS IN THE MARKET

• In January 2017, Ingredion Incorporated completed the acquisition of TIC Gums. Because TIC Gums provides an advanced texturing system for the food and beverage industry, including a wide range of guar gum products, this acquisition support product has been integrated to enhance the product portfolio.
• Vikas WSP encourages farmers to switch to growing guar trees.
• Lucid Group started processing Guar Split at Guar's new division plant in Meglasiya, Rajasthan. With this prior integration, the Lucid Group has full control over the supply chain.

DETAILED SEGMENTATION OF GLOBAL GUAR GUM MARKET INCLUDED IN THIS REPORT   

This research report on the global guar gum market has been segmented and sub-segmented based on grade, function, application, food and beverage application, & region.            

By Grade

• Food-Grade           
• Industrial-Grade  
• Pharmaceutical-Grade   

By Function

• Thickening              
• Gelling     
• Binding    
• Friction Reducing 
• Other Functions   

By Application

• Oil & Gas 
• Food & Beverages              
• Mining & Explosives           
• Paper Manufacturing        
• Others     

By Food & Beverage Application

• Bakery & Confectionery Products
• Dairy & Frozen Products   
• Beverages              
• Sauces & Dressings             
• Others     

By Region

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa