The new report by Expert Market Research titled, ‘Global Guar Gum Powder Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global guar gum powder market, assessing the market based on its segments like grades, functions, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/guar-gum-powder-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 863.7 million metric tons
- Forecast CAGR (2021-2026): 1 .8%
- Forecast Market Size (2026): 944.3 million metric tons
The growth of global guar gum powder market is driven by the growing demand from food and beverage sector. The increasing application in products such as beverages, confectionery, frozen and baked goods is expected to drive the market growth. Additionally, the rising expenditure on food and consumer goods owing to inflating disposable income is projected to aid the growth. Moreover, the increasing application of guar gum powder as a disintegrating agent and binder in pharmaceutical industry along with utilisation in personal care products and cosmetics such as soaps, shampoos, conditioner, creams, and lotions are projected to push the market growth over the forecast period.
Industry Definition and Major Segments
Guar gum powder is a free flowing yellowish-white powder obtained from guar plant. It is majorly found in India and Pakistan. It is known for its excellent thickening properties and used as a gelling agent, hydrocolloid, flocculant, natural emulsifier, bonding agent, stabilizer, and fracturing agent. It finds widespread end use application in industries such as food, textile, cosmetics, paper, pharmaceutical, healthcare, explosives, mining, and oil drilling.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/guar-gum-powder-market
On the basis of grade, the industry is segmented into:
- Food-Grade
- Industrial-Grade
- Pharmaceutical-Grade
The industry can be broadly categorised, on the basis of its function segment, into:
- Thickening
- Gelling
- Binding
- Friction Reducing
- Others
Based on end-uses, the industry is divided into:
- Oil Drilling
- Food Industry
- Paper and Textile
- Pharmaceuticals
- Cosmetics
- Others
The regional markets for guar gum powder include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Latest News on Global Guar Gum Powder Market@ https://www.expertmarketresearch.com/pressrelease/global-guar-gum-powder-market
Market Trends
Regionally, North America is expected to have largest share in the global guar gum powder market. This can be attributed to growing application of guar gum powder in oil and gas sector to increase viscosity of water for oil and gas extraction. Meanwhile, Europe is also expected for a significant share owing to widespread guar gum powder application in food and beverage sector. Growing demand for vegetarian thickening agent will likely aid the European market. However, the Asia Pacific is projected to witness fastest growth over the forecast period owing to growing population, rising expenditure over food products, and thriving food and beverage sector.
Key Market Players
The major players in the market are SNP, Inc., Agro Gums, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Oman Dairy Market: https://www.expertmarketresearch.com/reports/oman-dairy-market
Toilet Soap Market: https://www.expertmarketresearch.com/reports/toilet-soap-market
Surgical Lights Market: https://www.expertmarketresearch.com/reports/surgical-lights-market
Oilfield Services Market: https://www.expertmarketresearch.com/reports/oilfield-services-market
Global Black Seed Oil Market: https://www.expertmarketresearch.com/reports/black-seed-oil-market
Global Benzyl Chloride Market: https://www.expertmarketresearch.com/reports/benzyl-chloride-market
Vietnam Warehousing Market: https://www.expertmarketresearch.com/reports/vietnam-warehousing-market
Global Sodium Hydrosulfite Market: https://www.expertmarketresearch.com/reports/sodium-hydrosulfite-market
Europe Dairy Alternative Market: https://www.expertmarketresearch.com/reports/europe-dairy-alternative-market
United States Basmati Rice Market: https://www.expertmarketresearch.com/reports/united-states-basmati-rice-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/