guar-gum-Market

Guar Gum Market – Opportunity Analysis
Till 2026
Guar gum is also known as “gellan gum” is a natural polymer extracted from the
guar seed. The food industry accounts for 70% revenue share in guar gum
market. Also, its colloidal nature and emulsifying property make it ideal
thickening agent. However, fluctuating oil price, oversupply and gradual
emergence of superior alternatives are some of the factors restraining growth of
market in this region.
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Guar Gum Market Outlook
Asia Pacific accounts for smaller market share for guar gum consumption.
However, it is a major raw material source for guar seeds. 80% of the world’s
guar is produced by India in Rajasthan, Gujarat, and Haryana. Currently, guar
gum is used in the food, textile, and pharmaceutical industries in the Asia
Pacific region.
North America and Europe are the largest markets for guar gum powder due to
application in the food industry as an additive and oil industry as a fracturing
agent. Hence, increasing drilling activities in the U.S. shale industry has
increased the demand for guar gum, thus driving market growth.
Africa is a small player in this market and is not expected to experience much
growth over the forecast period.
Latin America also demonstrates significant growth in the guar gum market.
The productivity of processed foods such as cheese, sausages, soups and animal
feed preparations increases on addition of guar gum.
Propel SSP, manufactured by Fairmount Santrol Company, based in the U.S., is
an alternative to guar gum proppant, which is a cheaper and technically superior
alternative. Though, currently in research and trial stage, Propel SSP market is
expected to grow due to the successful trials in Marcellus and Utica shale,
which is expected to hinder growth of market. Major players in the Guar Gum
Market include Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP
Limited, and Ashland Inc.
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Latin America also demonstrates significant growth in the guar gum market. The productivity of processed foods such as cheese, sausages, soups and animal feed preparations increases on addition of guar gum.

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