Food

Global Guar Gum Powder Market to Reach 2.1 Million Tons by 2022

According to a new report by Expert Market Research, the guar gum powder market reached a volume of 1184 Thousand Tons in 2016
( PR4US.com | Press Release | 2017-05-04 20:20:35 )
Guar gum powder is derived from the guar plant which grows in extremely drought-resistant and semiarid regions. It is grown mainly in India, Pakistan, United States and some parts of Africa and Australia as well.

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Guar gum is a polysaccharide which gives hexose sugar, mannose and galactose, when dissolved in water. It is a natural additive and the most cost-effective gelling agent which easily hydrates in cold water to achieve uniform and high viscosity at relatively low concentrations. It also serves as a stabilizer and emulsifier, improves texture, enhances mouth feel and controls crystal formation. Moreover, it is resistant to oil, greases and solvents. Apart from this, guar gum also helps in combating various health problems like diabetes, heart disease, bowel movements and colon cancer. Owing to its aforementioned properties, it is widely used in numerous industries.

As a result of a shortage of raw materials, the production of guar gum declined in the year 2009, thereby, affecting the global guar gum powder market. The market, however, recovered rapidly with an increased production from 2010 onwards. Since then, the market has been growing at a significant rate. According to a new report by Expert Market Research, the guar gum powder market reached a volume of 1184 Thousand Tons in 2016 and is further expected to reach 2178 Thousand Tons by 2022. This can be accredited to a number of driving forces. One of the primary factors includes increasing applications of guar gum powder in the oil drilling industry. Other growth-inducing factors are population growth, rising disposable incomes and growing demand for natural food additives.

Key findings from the report:

Various end-uses of guar gum powder are oil drilling, food, paper & textile, pharmaceuticals, cosmetics, and others. Among these, oil drilling represented the biggest end-use sector of guar gum powder, with a market share of more than 60% in 2016. It was followed by food, paper & textile, pharmaceuticals, cosmetics and others.
Region-wise, Asia-Pacific was the largest market with India being the biggest producer of guar gum. This can be attributed to the increasing industrial applications of guar gum and the growing demand for convenience foods in the region. Other major markets include North America, Europe and Others.
Some of the top players operating in the market are Hindustan Gum & Chemicals Ltd., India Glycols Ltd., Vikas WSP Ltd. and Rama Industries.

Read full report with TOC: http://www.expertmarketresearch.com/reports/guar-gum-powder-market

Expert Market Research has analysed the global guar gum powder market according to end-use, major regions and top players:

Market breakup by End-Use

Oil Drilling
Food
Paper & Textile
Pharmaceuticals
Cosmetics
Others

Market breakup by Region

Asia-Pacific
North America
Europe
Others

Top players

Hindustan Gum & Chemicals Ltd.
India Glycols Ltd.
Vikas WSP Ltd.
Rama Industries

Find more reports related to food & beverage industry: http://www.expertmarketresearch.com/categories/food-beverages-market-reports

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

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Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
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http://www.expertmarketresearch.com

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