구아검 시장 예측(-2030년) : 등급별, 기능별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Guar Gum Market is accounted for $1.37 billion in 2023 and is expected to reach $2.64 billion by 2030 growing at a CAGR of 9.8% during the forecast period. The naturally occurring thickening and stabilizing substance guar gum is made from guar beans, which are mostly cultivated in Pakistan and India. Often referred to as guaran, this adaptable ingredient has become widely used in the food industry because of its capacity to improve a variety of products textures, viscosities, and shelf lives. Outside of the kitchen, guar gum is used in the pharmaceutical, textile, and cosmetics industries.

According to the International Food Additives Council, guar gum is recognized as a safe and effective food additive, widely used for its thickening and stabilizing properties in various food and beverage products. The association emphasizes the importance of guar gum in enhancing the overall quality and sensory attributes of numerous consumer goods while adhering to rigorous safety standards and regulatory guidelines.

Market Dynamics:

Driver:

Increasing consumer interest in natural and plant-based ingredients

The growing consumer preference for natural and plant-based ingredients is driving up demand in the guar gum market. There is a growing trend toward minimally processed and synthetic additive-free food products as awareness of health and wellness increases. This trend is well suited to guar gum, which is made from guar beans and is used in a wide range of food and beverage applications as a natural thickening and stabilizing agent. Moreover, consumer demand for sustainable sourcing and cleaner labels are driving this trend, making guar gum a highly sought-after ingredient in the market.

Restraint:

Price volatility and challenges in the supply chain

Price volatility and possible issues with the supply chain are major obstacles to the guar gum market. The production of guar gum is highly dependent on weather patterns, and variations in guar crop yields can cause price volatility. Additionally, manufacturers and end consumers alike are faced with difficulties as a result of this volatility, as they might experience higher prices or even shortages in supplies. Crucial factors for stakeholders in the guar gum industry to take into account are creating resilient supply chains and devising ways to lessen the effects of price volatility.

Opportunity:

Increasing need for gluten-free substitutes

The growing number of people with celiac disease and gluten sensitivity has increased demand for gluten-free products. Due to its exceptional capacity to replicate the characteristics of gluten, guar gum is a highly sought-after component in products that are free of gluten, such as baked goods, pastas, and snacks. Furthermore, guar gum producers have a great chance to work with food producers to create creative and superior gluten-free products that will satisfy the demands of a growing consumer segment as the gluten-free market grows.

Threat:

Risk from substitute thickeners and stabilizers

The competition from alternative stabilizers and thickeners is one of the main challenges facing the guar gum industry. Manufacturers may investigate and use synthetic substitutes with comparable functions or alternative ingredients as the food and beverage industry develops. Moreover, this danger highlights how crucial it is to continue researching and developing guar gum in order to improve its functionality and adaptability and maintain its competitiveness in a changing market.

Covid-19 Impact:

The guar gum market has been impacted by the COVID-19 pandemic in a number of ways. Production and distribution were initially hindered by logistical issues and disruptions in the global supply chain, but the market was later stimulated by the increased demand for packaged and processed foods during lockdowns. Further bolstering the market's resilience was the increasing recognition of guar gum's uses in pharmaceuticals and hygiene products, particularly in the creation of hand sanitizers and pharmaceuticals. However, the industry still faces difficulties due to shifting raw material prices and unpredictability in the economy, which highlights the need for flexibility and strategic planning in the post-pandemic environment.

The Food Grade segment is expected to be the largest during the forecast period

It is projected that the food-grade category will have the largest market share. In the food and beverage industry, food-grade guar gum is widely used as a natural thickening and stabilizing agent. Its widespread use has been fueled by its capacity to improve texture, extend shelf life, and substitute gluten in products that are gluten-free. The food-grade segment's dominance has been largely attributed to the food industry's demand for natural and plant-based ingredients. Moreover, guar gum is a vital component in the creation of a wide range of consumer goods, from dairy products and baked goods to sauces and dressings.

The Thickening & Gelling Agent segment is expected to have the highest CAGR during the forecast period

Thickening and Gelling Agent segment has shown the highest CAGR. Guar gum is a preferred option in many industries, including food and beverage, pharmaceuticals, and cosmetics, because of its remarkable thickening properties. The capacity of guar gum to enhance the texture and viscosity of different products is what is driving the growing demand for it as a thickening and gelling agent. Additionally, guar gum is a common ingredient in dairy, sauce, and dressing products in the food industry and an essential component of tablet formulations in the pharmaceutical industry.

Region with largest share:

In the market for guar gum, Asia-Pacific has the largest share. Significant contributions to the global market are made by the region, especially India, which is a major producer and exporter of guar gum. The established guar cultivation practices and processing infrastructure in India are responsible for Asia-Pacific's dominance. Furthermore, the area's guar gum market has expanded as a result of the nation's ideal agro climatic conditions for guar production and the rising demand for natural and plant-based ingredients in the food industry. Further bolstering Asia-Pacific's standing as a major force in the global guar gum market is the versatility of guar gum applications in a range of industries, including food, pharmaceuticals, and oil and gas.

Region with highest CAGR:

The market for guar gum is expanding at the highest CAGR in the European region, which is indicative of the growing use of natural and functional ingredients across a range of industries. Guar gum's uses as a thickening and stabilizing agent in the food and beverage industry, where it enhances the texture and quality of a wide range of products, are what fuel the demand for the gum in Europe. Furthermore, European pharmaceutical and cosmetic companies are realizing how beneficial guar gum is for improving formulations. Moreover, Europe is a notable and expanding market for guar gum, with notable growth due to the region's emphasis on clean-label products and guar gum's versatility in a variety of applications.

Key players in the market

Some of the key players in Guar Gum market include Dabur India Ltd., India Glycols Limited, Cargill Incorporated, Jai Bharat Gums and Chemicals Ltd, Altrafine Gums, E. I. du Pont de Nemours and Company, Ingredion Incorporated, Ashland Inc., Shree Ram Industries, Vikas WSP Ltd, Ruchi Soya Industries Limited, Supreme Gums Pvt. Ltd, Lucid Group and Vasundhara Gums & Chemicals.

Key Developments:

In January 2024, Dabur India said its board has approved an investment of ₹135 crore for setting up a manufacturing facility in South India. This marks the FMCG major's first investment in South India. The company said the Greenfield factory will manufacture a range of products including Dabur Honey, Red Paste and Odonil air fresheners.

In June 2023, The trio of companies that emerged from the legacy of E. I. du Pont de Nemours and Company - DuPont, Chemours and Corteva - have reached a nearly $1.2 billion settlement agreement that will resolve cases filed regarding drinking water allegedly contaminated by firefighting foam with so-called forever chemicals.The agreement in principle, which was filed in the United States District Court for the District of South Carolina, seeks to comprehensively settle all drinking water claims of a defined class of public water systems that serve the vast majority of the U.S.

In March 2023, Cargill and Cubiq Foods, a food technology company based out of Barcelona, have entered into co-development and go-to-market agreements for novel, plant-based fat ingredients. The partnership will accelerate the wide-scale commercialization of Cubiq's fat technologies that can enhance flavor, reduce total fat and saturated fat content, improve caloric content and incorporate essential fatty acids like omega-3, according to the company.

Grades Covered:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

Functions Covered:

• Stabilizer & Emulsifier
• Thickening & Gelling Agent
• Binder
• Friction Reducer
• Other Functions

Applications Covered:

• Oil & Gas
• Food & Beverages
• Mining & Explosives
• Paper Manufacturing
• Pharmaceuticals and Cosmetics
• Textile
• Animal Feed
• Tobacco
• Ceramic
• Synthetic Resins
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Guar Gum Market, By Grade

• 5.1 Introduction
• 5.2 Food Grade
• 5.3 Industrial Grade
• 5.4 Pharmaceutical Grade

6 Global Guar Gum Market, By Function

• 6.1 Introduction
• 6.2 Stabilizer & Emulsifier
• 6.3 Thickening & Gelling Agent
• 6.4 Binder
• 6.5 Friction Reducer
• 6.6 Other Functions

7 Global Guar Gum Market, By Application

• 7.1 Introduction
• 7.2 Oil & Gas
• 7.3 Food & Beverages
  • 7.3.1 Bakery & Confectionery
  • 7.3.2 Dairy & Frozen Food
  • 7.3.3 Beverages
  • 7.3.4 Sauces & Dressings
  • 7.3.5 Meat & Poultry Products
  • 7.3.6 Snacks
  • 7.3.7 Noodles
  • 7.3.8 Soups
  • 7.3.9 Pasta
• 7.4 Mining & Explosives
• 7.5 Paper Manufacturing
• 7.6 Pharmaceuticals and Cosmetics
• 7.7 Textile
• 7.8 Animal Feed
• 7.9 Tobacco
• 7.10 Ceramic
• 7.11 Synthetic Resins
• 7.12 Other Applications

8 Global Guar Gum Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Dabur India Ltd.
• 10.2 India Glycols Limited
• 10.3 Cargill Incorporated
• 10.4 Jai Bharat Gums and Chemicals Ltd
• 10.5 Altrafine Gums
• 10.6 E. I. du Pont de Nemours and Company
• 10.7 Ingredion Incorporated
• 10.8 Ashland Inc.
• 10.9 Shree Ram Industries
• 10.10 Vikas WSP Ltd
• 10.11 Ruchi Soya Industries Limited
• 10.12 Supreme Gums Pvt. Ltd
• 10.13 Lucid Group
• 10.14 Vasundhara Gums & Chemicals