IMARC Group has recently released a new research study titled “Guar Gum Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the guar gum powder market?
The global guar gum powder market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
Guar gum powder is a free-flowing powder that is obtained from the guar plant, which is largely found in Pakistan and India. The powder is yellowish to whitish in color, has a fine texture, and has excellent thickening capacity with high solubility in hot and cold water. It is also used as a hydrocolloid, stabilizer, flocculant, bonding agent, gelling agent, a natural emulsifier, and fracturing agent across several applications.
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Market Trends and Drivers:
The guar gum powder is primarily driven by the rising uses of guar gum across the food, paper, healthcare, textile, oil and gas, and pharmaceutical sectors. For instance, in the food and beverage industry, guar gum is used to enhance the moisture and yield softness in bakery products. It also finds significant application in petroleum extraction, which, in turn, is contributing significantly to the market growth. Other factors, such as the shifting consumer consumption pattern and the rising disposable income are, creating a positive outlook for 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:
- Food-Grade
- Industrial-Grade
- Pharmaceutical-Grade
Breakup by Function:
- Thickening
- Gelling
- Binding
- Friction Reducing
- Other Functions
Breakup by End Use Industry:
- Oil Drilling
- Food Industry
- Paper and Textile
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- United States of America
- Germany
- India
- Others
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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