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According to the current analysis of Reports and Data, the global Guar Gum market was valued at USD 611.2 Million in 2020 and is expected to reach USD 1.042.8 Million by the year 2028, at a CAGR of 6.9%. Guar gum has a considerable contribution to the look and feel of many products we use in our daily routine. Obtained from a multistage industrial process, it is used throughout various industries as a cost-effective, thickening, and stabilizing agent. Guar gum can be used in various formulations. It works as an emulsifier because it helps to prevent oil droplets from coalescing and as a stabilizer because it helps to prevent solid particles from settling. Guar gum is a hydrocolloid, which is particularly useful for making thick pastes without forming a gel, and for keeping water bound in a sauce or emulsion. Fast hydrating slurriable guar is used in the stimulation of oil and gas wells as fracturing fluid.
Guar Gum and its derivatives are extensively used in various industries as per their needs. It is utilized in industries such as food, animal feed, textile, pharmaceuticals, personal care, health care, nutrition, cosmetics, paper, explosives, mining, and oil drilling. Altrafine gums, Ahmedabad, India, provide guar gum for pulp and paper industry, guar gum for textiles, and also guar gum for the cosmetics industry. Guar seeds are also termed as Guar Gum. Guar gum, as natural gums are advantageous as a natural gelling agent for different industrial purposes.
Guar Gum is majorly used as a natural thickener, emulsifier, stabilizer, bonding agent, hydrocolloid, gelling agent, soil stabilizer, natural fiber, and flocculants.
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APAC segment is anticipated to be the fastest-growing region for gum because of the rapid industrialization and also the developing food & beverage industry in developing economies like India and China, which release new gateways for the market growth. Major importing countries for gum include Japan, US, an African nation, Italy, the Netherlands, and Denmark. Neelkanth (India) has one of the most extensive production facilities for high-quality guar products in India, with extensive guar gum production plants having over 3,00,000 sqft of production area. The group is one of India’s leading groups of companies. Operating in various segments, the group has six manufacturing units employing over 400 professionals. Ashland (US) announced two distribution collaborations on October 17, 2020, launches three ingredients for sports nutrition, and reboots two solutions at Supply-side West. The new products featured at interactive innovation zones in Ashland booth introduced two new distribution collaborations and three ingredients for the self-directed, sports-minded consumer. The new partnerships will expand Ashland’s ever-growing health and wellness portfolio of specialty solutions with consumer-recognized brands. The Sports Nutrition Sports enthusiasts, including the everyday athlete, are a growing segment of the population, and Ashland is strengthening the game in sports nutrition with a biotech company, Specnova, and has been named as the exclusive US distributor for NordicCherry tart cherry extract. NordicCherry tart cherry extract is a highly bioactive product. It improves exercise recovery and enables the consumer to recover faster after a heavy workout routine. In addition, it reduces soreness after a workout, encourages joint health and mobility, and offers the necessary antioxidant support. NordicCherry extract has a tough sustainability profile as it is made with a clean water extraction process, so no harsh solvents are used in the manufacturing process.
Further key findings from the report suggest
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Segments Covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented Guar Gum market on the basis of function, application, grade and region:
On the basis of grade, the guar gum market has been segmented as follows:
On the basis of function, the guar gum market has been segmented as follows:
On the basis of application, the guar gum market has been segmented as follows:
Regional Outlook (Volume, Metric Tons; Revenue, USD Million; 2020-2028)
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