Guar Gum Market

Guar Gum Market Outlook from 2024 to 2034

The global guar gum market is anticipated to reach a value of USD 1,234.6 million in 2024. The market is anticpated to advance steadily over the forecast period, with a predicted CAGR of 4.8%. By 2034, market value is expected to climb up to USD 1,963.93 million.

As per the latest analysis, the food and beverages industry will continue to remain leading consumer of guar gum during the forecast period. This is due to growing adoption of guar gum as a natural stabilizer and thickener in several food and beverage products.

Guar Gum Market Overview

• Guar gum, also known as guaran, has applications in industries as diverse as food and beverage and oil and gas. This galactomannan polysaccharide has thickening and stabilizing properties, making it ideal for these sectors
• Guar gum is used in ointments, lotions, shampoos, conditioners, laxatives, diabetic drugs, beverages, pet and frozen foods, breads, cakes, emulsions, gelatin solutions, and enamels. High usage of guar gum in these products will likely foster the guar gum market growth.
• Guar gum has the functionality of serving as a binding agent, finding application in a myriad of baked, confectionery, snack, and meat food products.
• Guar gum functions as a fat replacer in low-fat formulations and helps in maintaining gelling properties in desserts and jam types of food products.
• The multifunctional properties of guar gum encourage its adoption in industries such as shale gas and oil & gas.
• The guar gum market is primarily concentrated in South Asiam with India producing the bulk of global supply. The growing oil & gas industry in China and the high demand for frozen and processed foods in North America are likely to be the prominent drivers of the global guar gum market in the medium term.

Other Factors Fueling Global Guar Gum Market Growth

• Rising demand for food-grade guar gum from the food processing industry
• Increasingly usage of guar gum as a disintegrant and binder in tablet formulations
• Growing demand for processed food
• Increasing adoption of guar gum in hydraulic fracturing
• The excellent thickening and gelling properties of guar gum are encouraging its usage in textile printing, sizing, and finishing
• Booming cosmetics and personal care industry, coupled with rising usage of guar gum as a thickening agent, stabilizer, and emulsifier in several cosmetic and personal care products
• Surging popularity of guar gum in the cosmetics and cosmeceuticals industry

Nandini Roy Choudhury

Principal Consultant

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Global Guar Gum Market Trends

Growing Preference for Natural Additives Emerging as a Key Market-shaping Trend

• Rising demand for natural additives like natural thickening agents in the food industry due to a global shift in consumer preferences toward plant-based ingredients
• Growing consumer preference for natural and sustainable ingredients
• Expanding usage of guar gum in a variety of industrial processes, such as mining, paper production, and textiles
• Eco-friendly and sustainable projects influencing market trends and procurement procedures
• Increasing popularity of guar gum-infused products due to eCommerce boom
• Rising adoption of guar gum in the pet food industry
• Adoption of advanced technologies for guar gum production
• Widening applications of guar gum derivates across diverse sectors

Factors Limiting Growth of Guar Gum Market

• Fluctuation in guar gum prices
• Competition from substitutes like carrageenan and xanthan gum
• Strict regulations governing food additives and guar gum processing

How Has the Market Progressed So Far?

Global Guar Gum Sales Outlook Compared to Demand Forecast from 2024 to 2034

Global sales of guar gum products increased at a compound annual growth rate (CAGR) of 2.8% from 2019 to 2023. At the end of 2023, the value of the market has slingshotted to USD 1200.7 million.

Over the next ten years, the guar gum market is expected to book a CAGR of 4.8%. The value is supposed to reach USD 1,963.9 million by 2034, driven by factors like the use of the product as a natural thickener and stabilizer as well as the application of the product in oil drilling fluids, textiles, and much more.

Country-wise Insights

The guar gum market exhibits varying growth rates across different countries, with India leading from the forefront. The guar gum market in India is set to register a CAGR of 5.4% during the forecast period.

The table below shows the expected valuations of the leading nations. India and the United States are anticipated to remain leading consumers of guar gum products, with expected valuations of USD 893.5 million and USD 275.4 million, respectively, in 2034.

Versatile Applications in Diverse Industries Fueling Demand in the United States

As per the latest analysis, demand for guar gum products in the United States is projected to increase at 4.3% CAGR during the forecast period. By 2034, the United States guar gum market size is set to reach USD 275.4 million, driven by factors like:

• Increasing usage of the guar gum in different applications across industries such as food & beverage, oil & gas, and pharmaceuticals
• Rising demand for convenient and easy-to-prepared food options
• Growing interest in natural and clean-label ingredients
• Increaisng consumption of dietary supplements, including guar gum products
• High usage of guar gum extract as a binder in pharmaceutical tablets and capsule formulations

Guar gum is a vital additive in the food and beverage sector. Its thickening, stabilizing, and emulsifying properties make it indispensable in a wide range of food products, including sauces, dressings, baked goods, dairy products, and beverages.

As consumer preferences continue to shift towards natural and clean-label ingredients, guar gum's status as a plant-based, gluten-free, and versatile additive is further fueling its demand in the food industry. This will likely improve the United States’ guar gum market share.

Growing usage of guar gum in fracking and hydraulic fracturing across the oil and gas industry is expected to fuel sales. By maintaining the integrity of fractures and transporting proppants through the drilling process, guar gum is a viscosifier that increases the efficacy and efficiency of hydraulic fracturing operations.

The rising popularity of hydraulic fracturing, particularly in regions like the Permian Basin and the Eagle Ford Shale, is expected to propel growth of the guar gum market. Similarly, widening applications of guar gum in the thriving pharmaceutical sector will benefit the market.

Expanding Usage of Guar Gum in China’s Food Industry Fueling Sales

China guar gum market is poised to expand at a CAGR throughout the assessment period. By 2034, guar gum sales in China will likely total USD 89.3 million. This can be attributed to rising usage of guar gum in the thriving food and beverage industry.

• China's population is increasing rapidly, causing a significant demand for convenience foods. This is anticipated to propel sales of guar gum due to its multiple uses in the food & beverages industry.
• Guar gum is mainly used in beverages for thickening and viscosity control due to its several inherent properties. Its ability to resist breakdown under low pH conditions in different types of beverages and liquid products makes it a valuable ingredient in the food and beverage sector.
• Guar gum’s solubility in cold water makes it easy to use in beverage processing plants, fueling its demand.
• In China, guar gum serves as a suitable alternative for synthetic thickeners and stabilizers, aligning with the growing consumer preference for natural and clean-label ingredients due to its growing demand.
• Consumers in China are becoming more discerning about the ingredients in their food products. Guar gum's natural origin and clean-label status contribute to its appeal in the market.
• Guar gum's functional properties extend beyond texture enhancement. It also acts as a binder, which helps improve the shelf life and overall quality of food and beverage products.
• Guar gum’s ability to prevent ingredient segregation and maintain product stability makes it a valuable ingredient in a wide range of food applications, including bakery, confectionery, and frozen foods across China.

Booming Pharmaceutical and Textile Industries Driving Demand in Germany

Germany guar gum industry is projected to advance at 3.7% CAGR during the forecast period, totaling a valuation of USD 42.6 million by 2034. It will likely hold a prominent share of the Europe guar gum market, driven by rising usage of guar gum in the thriving pharmaceutical industry.

• Guar gum is known for its binding and thickening properties and serves as a valuable excipient in pharmaceutical formulations such as tablets, capsules, and other useful products in Germany. As the pharmaceutical sector continues to grow, driven by factors such as increasing healthcare expenditure and advancements in medical research, the demand for guar gum as a pharmaceutical ingredient is expected to rise steadily.
• Textile manufacturers in Germany are increasingly turning to guar gum as a natural alternative to synthetic thickeners and binders. This is due to its eco-friendly profile and compatibility with various textile fibers.
• Guar gum offers advantages such as improved color yield, better penetration of dyes, and enhanced print definition, making it a preferred choice for textile printing applications.
• The shift towards sustainable and eco-friendly manufacturing practices in the textile industry aligns with the natural origin and biodegradability of guar gum, further driving its adoption.
• Regulatory initiatives promoting the use of environmentally friendly additives also encourage adoption of guar gum in Germany’s textile sector.
• Another factor fueling demand for guar gum products in Germany is the rising use of guar gum in pet food formulations to enhance texture and palatability.

Category-wise Insights

The table below offers deeper insights into leading segments in the guar gum market. Based on application, the food and beverage segment is expected to lead the industry, creating lucrative revenue-generation opportunities for guar gum manufacturers. By primary function, the thickener and stabilizer segment will likely hold a dominant market share through 2034.

Guar Gum Consumption Remains High in the Food & Beverages Industry

As per the latest analysis, the food and beverage industry is expected to dominate the guar gum market throughout the forecast period. This is due to rising usage of food grade guar gum as a natural thickener, emulsifier, and stabilizer in a wide variety of food products, such as yogurt, ice cream, salad dressings, and baked goods.

• Guar gum has become a highly sought-after food additive. It offers multiple functionalities that contribute to the quality, stability, and consumer acceptance of a wide range of products.
• The versatility and compatibility of guar gum with diverse formulations make it a valuable ingredient for manufacturers seeking to meet consumer preferences for texture and taste.
• Guar gum is responsible for managing thickness and stabilizing products in the food & beverages industry. It is mainly useful for controlling thickness, improving body and mouthfeel, and extending the shelf life of food and beverage products, such as canned drinks, soft drinks, buttermilk, flavoring milk, and cold drinks. Hence, its demand is rising constantly in the food and beverage sector.
• Instant soups adore guar gum because of its thickening ability. Similarly, it is utilized to improve the texture and stability of frozen foods such as stews, soups, and desserts. This will further uplift guar gum demand in the food and beverage industry.
• Guar gum powder is widely used to create viscosity, moisture retention, bonding, and fracturing in different gorgeous, tasty-looking candies and gummy bears. It is also used to glaze the candies for the ultimate presentation and to accentuate their delectable appearance.
• Growing usage of guar gum to improve the texture and mouthfeel of gluten-free products is expected to further boost the target segment through 2034.

Thickener and Stabilizer Segment to Retain its Dominance Through 2034

Based on primary function, the thickener and stabilizer segment is expected to retain its dominance in the global guar gum industry during the assessment period. It will likely hold a prominent market share of 64.1% by 2024.

• Guar gum lends viscosity to formulations such as sauces, dressings, soups, and dairy products, ensuring a smooth, creamy texture while maintaining homogeneity in emulsions and preventing phase separation.
• Guar gum’s natural, plant-based origin and tendency to control viscosity and release ingredients slowly make it an ideal ingredient in pharmaceuticals and cosmetics.

Competitive Landscape

Manufacturers are pursuing strategic alliances and strategic partnerships with other manufacturers to enhance productivity and meet the demand from diverse end-use industries. The industry is defined by a high level of capital expenditure and a complicated manufacturing process. Cost-effective manufacturing procedures can help establish global market sustainability.

Profiles of Prominent Companies in the Guar Gum Market:

Jai Bharat Gum & Chemicals Limited: It is one of the prominent exporters of guar products in India. The company provides high quality products to its customers. It has two manufacturing facilities, including the JAI BHARAT POLYMERS LLP for manufacturing guar gum powder of food grade, oil drilling grade, and industrial grade and the JAI BHARAT GUM CHEMICALS LTD for guar dehusked splits, guar meal, and roasted guar meal.

Vikas WSP Limited: VIKAS is India’s largest exporter and world’s leading guar gum powder manufacturer. It offers tailored guar gum products for various applications, including pharmaceuticals, food, eCigratte manufacturing, oil and gas hydro fracturing, paper making, etc.

Key Players in the Guar Gum Market include

• Jai Bharat Gum & Chemicals Limited
• Cargill Inc.
• Vikas WSP
• Hindustan Gums & Chemicals LTD
• Shree Ram Gum Chemicals Pvt. Ltd.
• Lucid Colloids Limited
• Ashland Inc.
• Supreme Gums Pvt. Ltd
• India Glycols Ltd
• Rama Industries
• Lamberti Group

Key Coverage in the Guar Gum Market Report

• Guar Gum Market Scope
• Guar Gum Market Trends & Size
• Drivers for Guar Gum Powder Market Growth
• Study on Global Gum Powder Market
• Pricing Analysis of the Guar Gum Industry
• Detailed Information on Guar Gum’s Processing, Properties, and Food Applications
• Opportunities for Guar Gum Industry in India
• Growth Potential of the Saudi Arabia Guar Gum Market

Guar Gum Market Segmentation

By Product Type:

• Food Grade
• Fast Hydrated Gum Oil Drilling Grade
• Industrial Grade

By End-use Industry:

• Food and Beverages
• Fracking
• Textiles
• Pharmaceuticals
• Other End-use Industries

By Primary Function:

• Thickener and Stabilizer
• Binding Agent
• Other Functional Properties

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania