Packaged Food Industry Gives Global Guar Gum Market a Leg Up
Guar gum, derived from the seed of the guar plant, is widely used as a natural thickener, stabilizer and emulsifier in various food and beverages applications. It is extensively used as a food additive in a wide range of packaged food items as it can thicken and bind products exceptionally well. Its high in soluble fibre and low in calories composition makes it an ideal plant-based ingredient for processed food items.
A drastic change in lifestyle in the last two decades has stoked the demand for packaged food, giving the guar gum market a reason to scale newer heights. Its usage in ice cream, salad dressings, yoghurts, sauces, puddings, soups, and vegetable juices amongst others to thicken and bind have created noteworthy opportunities. The influx of regional players in the packaged food industry is expected to drive up the demand for guar gum required for food production. As governments focus on pushing the food industry towards health and nutrition, disclosure of ingredients is likely to become even more important. In light of this, Fairfield Market Research anticipates that the guar gum market will thrive as it is a natural ingredient that lends excellent health benefits when consumed in the right quantities.
Textile Industry’s Growth Brings Positive Outlook to Guar Gum Market
The global guar gum market is expected to expand as the textile industry sees a greater momentum with each passing year. From apparel to footwear, textile is an integral factor driving the guar gum uptake. The film-forming and thickening properties of guar gum remain invaluable to the textile industry. It reduces the chances of wrap breakage and improves the water absorption rate. All these factors come together in preventing ink from spreading all over while making printed fabrics. Thus, as the fashion industry looks at experimenting with prints every season, it will drive the demand for guar gum in the coming years. The use of guar gum is ideal for the production of fabrics such as cotton, silk, and polyester amongst others.
Printing of Labels and Packages Keeps Assessed as Drive for Global Guar Gum Market
The printing uses guar gum as a thickener to prevent bleeding of colours. Guar gum contains hydrocolloids that are obtained by milling and threshing. Known to contain high galactose, guar gum is an excellent stabilizer that allows printers to achieve the desired result. As the global printing industry navigates the tumultuous COVID-19 pandemic it is expected to bring great business to the guar gum market. Packaging and labelling are expected to remain at the forefront of the printing industry driving the demand for guar gum in the coming years as spending improves.
Guar Gum Remains Integral to Novel Trend of Natural Cosmetics
The use of guar gum is just as prevalent in the cosmetics industry. An integral part of lotions, soaps, shampoos, eye and facial makeup, skincare and anti-ageing products, toothpaste, shaving creams, and lipsticks, the global guar gum has a bright chance to improve revenue in the near future. The polysaccharide present in guar gum is used in cosmetics to improve formulations. It acts as an excellent emulsifying and stabilizing agent bringing in consistencies and textures. The global cosmetics market has seen an upward trend in recent years as social media, changing beauty norms, and the idea of inclusion emerge as dominating trends. Greater demand and stronger inclination to use natural products is expected to improve the uptake of guar gum in cosmetic formulations.
Organic Guar Gum Segment Shows Promise as Demand for Chemical-free Products Grips Consumers
The global guar gum market is segmented based on grade, nature, application and region. By grade, the market is segmented as industrial grade, food grade, and pharmaceutical grade. Among these, the food grade segment is expected to reflect growth as the notion of consuming chemical-free ingredients picks up pace. Expanding applications of guar gum as a natural and plant-derived ingredient in plant-based food and beverages products are expected to drive the segment growth over the forecast period.
By nature, the guar gum market is segmented as organic and conventional. Analysts anticipate, the organic segment to register a relatively high CAGR by 2025. In recent years, organic food has attained robust growth. This trend is expected to boost the production of organic guar gum. Compared to the year 2021, over the last five years, the U.S. is producing approximately 14000 tons of organic guar, while Texas has increased its cultivation area from 9000 to 50,000 acres since 2001.
Further, the market is segmented based on application which includes oil & gas, food and beverages, pharmaceutical & cosmetics, and mining & explosives. Oil & gas industry is the largest consumer of guar gum. Analysts predict that more than 55% of Indian exports of the guar is primarily used by the oil & gas industry followed by food & beverages and the other remaining segment.
India to Remain the Largest Commercial Producer of Guar Gum
Guar gum is widely cultivated in India and Pakistan. It is also cultivated in parts of the southern hemisphere such as Brazil, Australia, and South Africa. However, India is the largest commercial producer of guar gum across the globe. There has been a constant increase in the export of guar gum from the country at a rate of 20% per annum. Asia Pacific is expected to lead as guar gum will remain an integral part of the textile, paper, baking, oil well drilling, and construction, guar gum in India and other emerging economies.
In terms of consumption, Europe is estimated to be one of the leading consumers of guar gum. Germany is estimated to account for the largest value share in 2018 followed by U.K. and Italy. The growing number of food processing industries coupled with increased demand for clean-label ingredients is expected to boost the market growth in the region.
Global Guar Gum Market: Key Players
The key players operating in the global guar gum market are Cargill Inc., Ashland Inc., E.I. Dupont De Nemours and Company, Hindustan Gums and Chemical Limited, Dabur India Ltd, Altrafine Gums, India Glycols Ltd, TIC Gums, Inc., Lucid Colloids, and Global Gums and Chemicals Pvt Ltd.
Key Elements Included In The Study: Global Guar Gum Market
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