According to the latest report by IMARC Group, titled “Guar Gum Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global guar gum powder market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to reach a volume of 1.36 Million Tons by 2026, exhibiting a CAGR of 7.4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Guar gum powder refers to a fine-textured powder obtained from the endosperm of guar seeds. The powder has high water miscibility and excellent thickening capacity and is commonly used as a stabilizing, emulsifying, suspending, and binding agent in food and beverages, creams, lotions, tablets, etc. It also helps relieve diarrhea, constipation, irritable bowel syndrome, high cholesterol, high blood pressure, etc. Owing to this, guar gum powder is extensively utilized across several industries, including pharmaceutical, food and beverage, cosmetics, personal care, etc.
The growing consumer awareness towards various health benefits associated with guar gum powder, such as improving glucose tolerance and reducing serum low-density lipoprotein (LDL) cholesterol and triglycerides, is escalating its demand in the pharmaceutical sector. This is one of the primary factors contributing to the global market growth. Moreover, guar gum powder is also being increasingly used in the expanding food and beverages industry to prepare sauces, salad dressings, frozen food items, dairy products, bakery and confectionary items, etc. Additionally, the rising utilization of guar gum powder in the textile industry to thicken dye solutions for more sharply printed patterns is also propelling the market growth. Furthermore, the extensive applications of guar gum powder in petroleum extraction, especially in the area of hydraulic fracturing as an effective gelling agent, is further anticipated to drive the market growth over the forecasted period.
Guar Gum Powder Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global guar gum powder market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the global guar gum powder market on the basis of grade, function, end use industry and region.
Breakup by Grade:
Breakup by Function:
- Friction Reducing
- Other Functions
Breakup by End Use Industry:
- Oil Drilling
- Food Industry
- Paper and Textile
Breakup by Region:
- United States of America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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