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.
This research study involved secondary sources (which included directories and databases such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the guar gum market. The primary sources involved in the study include industry experts from the core and related industries as well as preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations; and organizations related to all segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts, C-level executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied while drafting the report on the guar gum market.
The key participants in the guar gum market include guar gum manufacturers and suppliers. The key players profiled in the report include E. I. du Pont de Nemours and Company (US), Cargill (US), Shree Ram Industries (India), Ingredion Incorporated (US), Ashland Inc. (US), Vikas WSP Limited (India), Hindustan Gums and Chemical Limited (India), Dabur India Ltd. (India), India Glycols Ltd. (India), Neelkanth Polymers (India), Lucid Group (India), Global Gums and Chemicals Pvt Limited (Pakistan), Guangrao Liuhe Chemical Co., Ltd. (China), Jai Bharat Gums and Chemicals Ltd (India), Altrafine Gums (India), Supreme Gums Private Limited (India), Ruchi Soya Industries Limited (India), and Rama Industries (India).
The US and European countries have made guar products duty-free for imports; however, emerging economies such as China impose duties on these products. There is substantial tariff escalation in China. This country follows a dual import duty policy. It imports duty-free guar gum powder and guar splits from Pakistan (second-largest player) while it imposes import duty on the import of guar splits and gum powder from India. Such dual import policy results in quality certification problems for Indian exporters as they need certificates such as HACCP, ISO 9000, ISO 22000, Halal, and Kosher for food-grade guar. Obtaining these certifications from government authorities is a time- and resource-consuming process.
Food&farming 