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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Guar Gum Powder Market Outlook
The global guar gum powder market attained a volume of about 911.23 KMT in 2023. The market is estimated to reach a volume of 1069.94 KMT by 2032, expanding at a CAGR of 1.8% during the forecast period of 2024 and 2032.
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Based on the grades, the industrial grade segment dominated the global guar gum powder market in 2020. On the basis of the functions, guar gum powder is widely used for thickening purposes; thus, the segment accounted for the majority of the market share in 2020. Based on the end-use industry, the oil drilling industry is expected to dominate the industry and is likely to maintain its dominance over the forecast period of 2024-2032. Amongst the regional markets, the United States is leading the market, accounting for the majority of the total market share.
Market Segmentation
Guar gum powder is derived from the ground endosperm of the guar plant. The plant is generally cultivated in India and Pakistan, where it has been traditionally used for the thickening of curries. The gum powder is widely used as a natural emulsifier, bonding agent, stabilizer, gelling agent, hydrocolloid, flocculant, and fracturing agent. In addition, it finds applications in various end-use industries, including food, textile, pharmaceutical, healthcare, explosives, cosmetics, paper, mining, and oil drilling.
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On the basis of grade, the industry is segmented into:
- Food-Grade
- Industrial-Grade
- Pharmaceutical-Grade
The industry can be broadly categorised, on the basis of its function segment, into:
- Thickening
- Gelling
- Binding
- Friction Reducing
- Others
Based on end-uses, the industry is divided into:
- Oil Drilling
- Food Industry
- Paper and Textile
- Pharmaceuticals
- Cosmetics
- Others
The EMR report looks into the major regional markets in the global guar gum powder market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The demand for guar gum powder is escalating on account of its vast applications in the food industry for preparing confectionery products, beverages, baked items, and frozen food products. Rising disposable incomes and the emerging trend of consuming organic foods among consumers are further augmenting the demand for guar gum powder.
The pharmaceutical industry uses this as a disintegrating agent and binder in tablets and capsules. It is also employed for the production of cosmetics and personal care products such as soaps, lotions, creams, shaving gels, shampoos, liquid soaps, and conditioners. Moreover, advancements in shale gas production technology have also helped in increasing the output of several oil rigs, particularly in the United States. Owing to the aforementioned factors, the industry for guar gum powder is expected to rise in the coming years.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global guar gum powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- SNP, Inc.
- Agro Gums
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Function |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global guar gum powder market reached a volume of about 911.23 KMT in 2023.
The market is projected to grow at a CAGR of nearly 1.8% in the forecast period of 2024-2032.
The market is estimated to reach a volume of about 1069.94 KMT by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and the rising demand from the end-use industries.
Advancements in shale gas production technology have also helped in increasing the output of several oil rigs, which is expected to be a key trend for the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
Industrial grade is the dominant grade of the product in the market.
The dominant function in the market is represented by the thickening segment.
The oil drilling sector accounts for the largest market share, among other end-use segments in the market.
The leading players in the market are SNP, Inc., and Agro Gums, among others.
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