Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale and Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Guar Market Size is Expected to Grow from USD 0.74 Billion in 2023 to USD 0.95 Billion by 2033, at a CAGR of 2.19% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Guar Market Size, Share, and COVID-19 Impact Analysis, By Type (Food Grade, Industrial Grade, and Pharmaceutical Grade), By Application (Oil & Gas, Food & Beverage, Pharmaceuticals & Cosmetics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The guar market refers to the global industry focused on the cultivation, processing, and commercialization of guar (cluster bean) and its derivatives, particularly guar gum. Guar is primarily grown in India and Pakistan and is valued for its seeds, which are processed to extract guar gum a natural thickening, stabilizing, and emulsifying agent used across various industries. Moreover, the guar market is driven by rising demand for guar gum in the oil and gas industry for hydraulic fracturing, growing use in food and pharmaceutical sectors as a natural thickener and stabilizer, and increasing preference for plant-based and organic additives in processed foods, cosmetics, and industrial applications worldwide. However, the guar market faces restraints such as dependency on monsoon-dependent agriculture, price volatility due to fluctuating demand, especially from the oil and gas sector, and availability of synthetic or alternative substitutes.
The gun-based segment accounted for the largest share of the global guar market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on type, the global guar market is divided into food grade, industrial grade, and pharmaceutical grade. Among these, the gun-based segment accounted for the largest share of the global guar market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is primarily due to its extensive use in the oil and gas industry for hydraulic fracturing. Its superior thickening and water-binding properties make it ideal for drilling fluids, boosting demand significantly compared to food grade and pharmaceutical grade segments.
The oil & gas segment accounted for a substantial share of the global guar market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the application, the global guar market is divided into oil & gas, food & beverage, pharmaceuticals & cosmetics, and others. Among these, the oil & gas segment accounted for a substantial share of the global guar market in 2023 and is anticipated to grow rapidly during the projected period. This is driven by the widespread use of guar gum in hydraulic fracturing for shale gas extraction. Its ability to control viscosity and improve fluid flow makes it essential in drilling operations, particularly in regions with high shale activity.
Asia Pacific is projected to hold the largest share of the global guar market over the projected period.
Asia Pacific is projected to hold the largest share of the global guar market over the projected period, with India being the dominant producer and exporter of guar and guar gum. Favorable climatic conditions, large-scale cultivation, and established processing infrastructure contribute to the region’s leadership, supported by strong demand from both domestic industries and international markets, especially the U.S.
North America is expected to grow at the fastest CAGR of the global guar market during the projected period. This is primarily due to high demand from the oil and gas industry for hydraulic fracturing. The United States is a major importer of guar gum, relying on it for shale gas extraction, along with growing use in food and pharmaceutical applications.
Company Profiling
Major vendors in the global guar market are Shree Ram Industries, Ingredion Incorporated, Sarda Gums and Chemicals, Tiku Ram Gum & Chemicals Pvt. Ltd., Rama gum industries limited, Jai Bharat Gum and Chemicals Ltd, Supreme Gums Pvt. Ltd., Global Gums & Chemicals Pvt. Ltd., Hindustan Gum & Chemicals Ltd., Dabur India Ltd., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global guar market based on the below-mentioned segments:
Global Guar Market, By Type
Global Guar Market, By Application
Global Guar Market, By Regional
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