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Report
Global Guar Gum Powder Market Report and Forecast 2023-2028
Market Report I 2023-09-27 I 166 Pages I EMR Inc.
Global Guar Gum Powder Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global guar gum powder market reached a volume of 895.12 Thousand Tons in 2022. Aided by the rising demand for natural thickening agents in the food industry and its burgeoning application across diverse sectors, the market is projected to further grow at a CAGR of 1.8% between 2023 and 2028 to reach a volume of 996.25 Thousand Tons by 2028.
Guar gum, an extract from the guar bean, acts as a potent stabiliser, thickener, and emulsifier, and has been traditionally incorporated in a wide range of food products, including ice creams, baked goods, dairy products, and sauces. Its unique ability to bind water molecules makes it an essential ingredient in hydraulic fracturing in the oil and gas industry. Beyond its food and industrial applications, guar gum has also been recognised for its potential health benefits, including aiding in digestion, managing blood sugar levels, and reducing cholesterol.
A leading driver of the global guar gum powder market growth is its escalating demand in the food and beverage industry. As consumers become more health-conscious and inclined toward natural and organic food products, the demand for guar gum as a natural additive has surged. This is due to its ability to improve the texture, shelf life, and consistency of various food items without the introduction of synthetic chemicals.
Additionally, the oil and gas sector is significantly influencing the guar gum powder market demand. The substance plays an irreplaceable role in hydraulic fracturing or "fracking" processes, where it helps in the suspension of sand in the fracturing fluid, enhancing the extraction efficiency.
In the pharmaceutical world, guar gum has made notable inroads as well. Leveraging its property as a binder, it's now routinely used in drug delivery mechanisms. The substance aids in controlling the release of drugs, ensuring that medicines are administered effectively and efficiently. As per the guar gum powder market analysis, the cosmetic and personal care industry is utilising guar gum for its superior conditioning and smoothening properties, making it a staple in products such as conditioners, lotions, and creams.
One more avenue showcasing the versatility of guar gum is its use in the textile industry. As a sizing agent, guar gum lends fabrics enhanced finish, increased strength, and a smoother feel. Its application in this sector underscores its versatility and wide-ranging appeal and further adds value to guar gum powder market size.
Market Segmentation
The market can be divided based on grade, function, end use, and region.
Market Breakup by Grade
- Food-Grade
- Industrial-Grade
- Pharmaceutical-Grade
Market Breakup by Function
- Thickening
- Gelling
- Binding
- Friction Reducing
- Others
Market Breakup by End Use
- Oil Drilling
- Food Industry
- Paper and Textile
- Pharmaceuticals
- Cosmetics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global guar gum powder market. Some of the major players explored in the report by Expert Market Research are as follows:
- SNP, Inc.
- Agro Gums
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Guar Gum Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Guar Gum Powder Historical Market (2018-2022)
8.3 Global Guar Gum Powder Market Forecast (2023-2028)
8.4 Global Guar Gum Powder Market by Grade
8.4.1 Food-Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Industrial-Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Pharmaceutical-Grade
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Guar Gum Powder Market by Function
8.5.1 Thickening
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Gelling
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Binding
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Friction Reducing
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Guar Gum Powder Market by End Use
8.6.1 Oil Drilling
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Food Industry
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Paper and Textile
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Pharmaceuticals
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Cosmetics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Guar Gum Powder Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Overview
12.2 Detailed Process Flow
12.3 Operations Involved
13 Cost Analysis
13.1 Raw Material
13.2 Packaging
13.3 Transportation
13.4 Utilities
13.5 Manpower
13.6 Others
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
14.2.1 SNP, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Agro Gums
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Guar Gum Powder Market: Key Industry Highlights, 2018 and 2028
2. Global Guar Gum Powder Historical Market: Breakup by Grade (Tons), 2018-2022
3. Global Guar Gum Powder Market Forecast: Breakup by Grade (Tons), 2023-2028
4. Global Guar Gum Powder Historical Market: Breakup by Function (Tons), 2018-2022
5. Global Guar Gum Powder Market Forecast: Breakup by Function (Tons), 2023-2028
6. Global Guar Gum Powder Historical Market: Breakup by End Use (Tons), 2018-2022
7. Global Guar Gum Powder Market Forecast: Breakup by End Use (Tons), 2023-2028
8. Global Guar Gum Powder Historical Market: Breakup by Region (Tons), 2018-2022
9. Global Guar Gum Powder Market Forecast: Breakup by Region (Tons), 2023-2028
10. North America Guar Gum Powder Historical Market: Breakup by Country (Tons), 2018-2022
11. North America Guar Gum Powder Market Forecast: Breakup by Country (Tons), 2023-2028
12. Europe Guar Gum Powder Historical Market: Breakup by Country (Tons), 2018-2022
13. Europe Guar Gum Powder Market Forecast: Breakup by Country (Tons), 2023-2028
14. Asia Pacific Guar Gum Powder Historical Market: Breakup by Country (Tons), 2018-2022
15. Asia Pacific Guar Gum Powder Market Forecast: Breakup by Country (Tons), 2023-2028
16. Latin America Guar Gum Powder Historical Market: Breakup by Country (Tons), 2018-2022
17. Latin America Guar Gum Powder Market Forecast: Breakup by Country (Tons), 2023-2028
18. Middle East and Africa Guar Gum Powder Historical Market: Breakup by Country (Tons), 2018-2022
19. Middle East and Africa Guar Gum Powder Market Forecast: Breakup by Country (Tons), 2023-2028
20. Global Guar Gum Powder Market Structure
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