The market for guar gum is projected to grow at a CAGR of 7.9% from 2017 to 2022, to reach USD 1.15 billion by 2022. The base year considered for the study is 2016 and the forecast period considered is from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size of the guar gum market on the basis of grade, function, application, food & beverage application, and region. The other objective of the report is to understand the structure of the guar gum market by identifying various segments. The report also helps in analyzing the opportunities in the market for the stakeholders; it also provides a competitive landscape and helps in projecting the size of the guar gum market and its submarkets, in terms of value.
Guar gum is a natural gum derived from the guar seed. It is a high molecular weight polysaccharide consisting of mannose and galactose units. It has the ability to hydrate in cold water to form highly viscous solutions. Due to these reasons, it is used in different industries such as food, oil & gas, and pharmaceuticals. It performs a wide range of functions such as acting as a friction reducer, binder, thickener, stabilizer, and gelling agent.
The global guar gum market is projected to reach USD 1.15 billion by 2022, at a CAGR of 7.9% from 2017. The guar gum market is growing due to its multifunctionality in a wide range of applications and increased health consciousness among consumers about healthy foods. However, imbalanced demand & supply and lack of transparency & market information have been restraining market growth.
Food&farming 