Global Guar Market Size, Share, Opportunities, And Trends By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By Distribution Channel (Online, Offline), By End-User (Nourishment Emulsifiers, Food Additives, Thickeners, Others), And By Geography - Forecasts From 2024 To 2029

The guar market is expected to witness significant growth during the forecasted period of 2024-2029.

Guar, also known as cluster beans, is a type of drought-resistant leguminous crop that is used as a vegetable, green fodder, and green manure, and its seeds are used for the industrial derivation of guar gum. India and Pakistan are the native countries for the cultivation and production of guar. The demand for guar arises from the industrial extract of guar, which is guar gum. Guar gum is largely produced and used in the form of guar gum powder, which is used as an additive in food, paper, textile, pharmaceuticals, oil well drilling and cosmetics industries. The application of guar gum food application and non-food applications. Food applications include beverages, processed cheeses, dairy products, processed meat products, salad dressing, sauces, and bakery products.

Introduction:

The factors that increase the growth of the industry is the increasing demand in the oil and gas industry. Guar is one of the major components used in the production of guar gum. Guar gum, which is also called guaran, is a derivation of the endosperm of the guar plant. It is known to be a natural high molecular weight polysaccharide galactomannan that has a mannose-to-galactose ratio of 2:1 which is combined through glycosidic linkages. Derivatized guar is a type of guar that can be chemically modified to increase performance. This type of guar is commonly used for industrial applications, which include oil fields, cosmetics and personal care, the paint industry, the textile industry, and construction.

Market Drivers:

• Growth of the oil and gas industry: The demand for natural and derivatized guar was high in the oil field business, due to the increase in an area called Hydraulic Fracturing. Industrial-grade guar gum powder is commonly used in hydraulic fracturing and oil well stimulation, due to its effectiveness as a gelling agent and lubricant. It is also used in water-based drilling fluids, and geological and water drilling. It is also used as a thickening agent in natural gas and petroleum fields. As per the International Energy Agency, the global oil demand is expected to rise by 6% to reach 105.7 million barrels per day throughout 2022 and 2028. As the oil demand is expected to increase, it will provide the necessary boost for the global guar market as well.

Key Players:

• Vikas WSP Ltd.: A global leader from India that is known for the manufacturing and exporting of guar gum powder. They provide a variety of guar-based products with applications in bakery, noodles, diet foods, ice cream, meat and fish products, sausage coating, pet foods and many others.
• Rama Gum Industries (India) Ltd.: A global leader from Gujarat, India, known for manufacturing and supplying guar gum powder and guar gum splits. They focus on providing high-quality guar-based products, which include their flagship brand Ricol. This is a highly reputed brand worldwide known for quality products, efficient services and level of reliability.

Regional Analysis:

The Asia Pacific Region is expected to witness significant growth in the global guar market during the forecasted period of 2024 - 2029. The factors that signify the lead in the guar market growth in this region are the high rates of production of guar gum. India is a native to guar or cluster beans cultivation which are used as a vegetable. As per the Agricultural and Processed Food Products Export Development Authority (APEDA), India (accounts for 90% of guar gum production) and Pakistan are the leading producers and exporters of Guar gum in the world, with smaller crops cultivated in the U.S., China, Australia and Africa. As of 2022-23, India has exported over 406,513.53 million tons of guar gum to the world, with a value of US$617.14 million. The major importers of guar gum from India include the U.S.A., Germany, Russia, Netherlands, and Norway. The major states where guar gum is cultivated in India include Rajasthan, Gujarat, Punjab, Haryana, Madhya Pradesh, Uttar Pradesh, Tamil Nadu, Maharashtra, Andhra Pradesh, and Karnataka. As the growth of production of guar increases during the forecasted period, it will boost the global guar market growth as well.

Market Developments:

• August 2023: Taiyo, a Japanese researcher and manufacturer of functional ingredients, announced the release of animal feed that contains partially hydrolyzed guar bean fibre, dubbed Sunfiber AF. This product is 100% natural and water-soluble, which is tasteless, odourless and colourless. It provides several benefits that ensure the support of a healthy gut microbiome and improves mineral absorption. The benefits include improved gut health, increased nutrient absorption, weight management, increased muscle growth, and an improved immune system. This product is used as animal feed, which includes horses, piglets, cats, dogs, and chickens.
• March 2022: Solvay, a global leader known for its naturally-derived beauty polymers, announced the launch of biodegradable guar-based polymers that are usable in hair and skin-care formulations. These products expand to the already existing biodegradable guar-based solutions that were introduced in December 2021 and are dubbed Jaguar NAT SGI and Jaguar Excel. These products enable beauty brands to address global regulations and growing consumer demand for more sustainable and responsible beauty products.
• December 2021: Solvay announced the launch of two biodegradable guar ingredients that can be used for beauty care. These ingredients add to the Jaguar grades and provide eco-friendly, advanced-performance beauty care formulations, dubbed Jaguar® C500 STD and Jaguar® HP-8 COS SGI. These ingredients were produced to meet the consumer demands for sustainable products in the market, further increasing growth for the company.

Segmentation:

• By Grade:
  • Food Grade
  • Industrial Grade
  • Pharmaceutical Grade
• By Distribution Channel:
  • Online
  • Offline
• By End-User
  • Nourishment Emulsifiers
  • Food Additives
  • Thickeners
  • Others
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GUAR MARKET BY GRADE

5.1. Introduction

5.2. Food Grade

5.3. Industrial Grade

5.4. Pharmaceutical Grade

6. GUAR MARKET BY DISTRIBUTION CHANNEL

6.1. Introduction

6.2. Online

6.3. Offline

7. GUAR MARKET BY END-USER

7.1. Introduction

7.2. Nourishment Emulsifiers

7.3. Food Additives

7.4. Thickeners

7.5. Others

8. GUAR MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Supreme Gums Pvt. Ltd.

10.2. Rama Gum Industries (India) Ltd.

10.3. Vikas WSP Ltd

10.4. Agro Gums

10.5. Altrafine Gums

10.6. Shree Ram India Gums

10.7. Syensqo

10.8. Amba Gums & Feeds Products

10.9. Adachi Group

Supreme Gums Pvt. Ltd.

Rama Gum Industries (India) Ltd.

Vikas WSP Ltd

Agro Gums

Altrafine Gums

Shree Ram India Gums

Syensqo

Amba Gums & Feeds Products

Adachi Group