Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 239.75 Million | USD 429.36 Million | 6% | 2024 |
FrequentlyAsked Questions
Guar gum is also known as Goma guar; it is a rich source of high-quality galactomannan polysaccharides. It is obtained from the guar seeds. The seeds of the plants are allowed to dry in the sun then they are separated and processed into flour known as guar gum powder. Guar gum splits also have many uses in different industries. However, guar gum is processed according to the requirement of the end product. Guar gum powder possesses more thickening capability than corn starch; thus, it is widely used as a thickener, plasticizer, and binder. It holds the natural ability to bind with water molecules and is easily soluble in water.
The global guar gum market is expected to grow due to increasing demand for natural and clean-label food additives, rising adoption in oil and gas hydraulic fracturing, expanding applications in pharmaceuticals and cosmetics, and growing consumer preference for gluten-free and organic products.
According to a study, the global guar gum market size was worth around USD 239.75 Million in 2024 and is expected to reach USD 429.36 Million by 2034.
The global guar gum market is expected to grow at a CAGR of 6% during the forecast period.
Asia-Pacific is expected to dominate the guar gum market over the forecast period.
Leading players in the global guar gum market include Cargill Corporation (U.S.), Ingredion Incorporated (U.S.), ALTRAFINE GUMS (India), VIKAS WSP LTD. (India), NEELKANTH POLYMERS (India) , ASHAPURA PROTEINS LTD. (India) , Hindustan Gum & Chemicals Ltd. (India), Shree Ram India Gums (India), India Glycols Ltd. (India), among others.
The report explores crucial aspects of the guar gum market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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