Guar Gum Market: high use of guar gum in food as stabilizers in food industry during 2015-2020.
Guar Gum is a hydrocolloid, which functions as a thickener, stabilizer, emulsifier and a coating agent for various products in various end user industries. The Gum is extracted from the Guar seed after a multistage industrial methodology. Its colloidal nature gives extraordinary thickening to the solution at low concentrations. There is high scope for the Guar Gum Market due to the applications and uses of guar bean gum and guar flour in industries across the globe during 2015-2020.
Scope and Regional Forecast of the Guar Gum Market:
According to the IndustryARC research analysis studies on the Guar Gum Market, the major application of the guar gum is as guar gum gel and guar gum thickener in food and pharmaceutical industries. This market is expected to grow at a double digit CAGR in the upcoming five years i.e. through 2020.
Asia Pacific is the huge producer of the guar gum due to high guar gum farming in this region. India is the world’s largest guar bean supplying country. There is high scope for the Guar Gum Market in this region in food, pharmaceuticals and textiles industry.
North America is one of the major market regions for the Guar Gum Market due to the presence of many industries in this region. Food, dairy, textiles and other end user industries highly use guar gum in food and other products. The guar gum price in this region is moderately rising through 2020.
Segmentation and Key Players of the Guar Gum Market:
The Guar Gum Market is segmented into various categories in the IndustryARC marketing research report by end use, by function and by geography.
- By end use: Food (Beverages, Bakery & Confectionery, Milk & Dairy Products, Sauces & Salad Dressings and others), Pharmaceuticals and other Industries (Explosives Industry, Oilfield & Gas Industry, Paper Industries and others)
- By function: Thickening, Gelling agent, Stabilizing, Fat replacer, Emulsification, Preservative and other Functions
- By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Guar Gum Market according to the IndustryARC research report are as follows:
- Penford Corporation (U.S.)
- Ashland Incorporated. (U.S.)
- Agro Gums (India)
- Tic Gums Incorporated (U.S.)
- Cargill Incorporated (U.S)
The Guar Gum Market is a fast growing market with high guar gum uses in end user industries due to its binding properties. This market is expected to witness growth in guar gum farming due to the rising demand for guar gum in end user industries and the guar gum price is constantly rising due to the excess demand for the guar bean gum across the globe during 2015-2020.
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