North America Guar Gum Market

North America Guar Gum Market Size (2024 to 2029)

The North America Guar Gum Market size is expected to be worth USD 326.67 million in 2024 and estimated to grow at a CAGR of 7.31%, to reach USD 464.85 million by 2029. The North America Guar Gum market is developing at an exceptionally quick pace. The guar plant is aplant known as 'Cyamopsis Tetragonaloba'.  The important source of nutrition to human and animals is the legume, it regenerates soil nitrogen and the endosperm of guar seed is an important hydrocolloid widely used across various industries.

MARKET DRIVERS

The significant drivers is the developing oil & gas industry, specially the shale gas industry, which in turn increased the demand for guar gum. Also surge in the growing use of guar gum in wide range of applications, such as oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals etc. in developed and developing nations is boosting the industry.

This research report on the North America guar gum market is segmented and sub-segmented into the following categories.

SEGMENTAL ANALYSIS

North America Guar Gum Market By Function

• Thickening
• Gelling
• Binding
• Friction Reducing

Based on application, the market is segmented into Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, and Pharmaceuticals & Cosmetics.

North America Guar Gum Market By Grade

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

The industrial grade segment is estimated to account for the largest market share in the Guar Gum Market in 2016. It is considered as the one of the most widely used guar gum, owing to its multi-functional properties and its vast applications in the oil & gas, mining & explosives, paper manufacturing etc.

North America Guar Gum Market By Application

• Food & Beverages
  • Bakery & Confectionery Products
  • Dairy & Frozen Products
  • Beverages
  • Sauces & Dressings
  • Others
• Oil & Gas
• Paper Manufacturing
• Mining & Explosives
• Pharmaceuticals & Cosmetics

North America Guar Gum Market By Region

• US
• Canada
• Mexico
• Rest of North America

North America has the largest share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by health concerns.

KEY MARKET PLAYERS 

Major Key Players in the North America Guar Gum Market are Jai Bharat Gums & Chemicals Ltd. (India), Neelkanth Polymers (India), Guangrao Liuhe Chemicals Co. Ltd. (China) , Lucid Group (India), Hindustan Gums & Chemicals Ltd. (India), Vikas WSP Limited (India), Ashland Specialty Ingredients (U.S.), Ingredion Inc. (U.S.), Altrafine Gums (India), Ruchi Soya Industries Ltd. (India), Supreme Gums Pvt. Ltd. (India).