Latin America also demonstrates significant growth in the guar gum market.

 

Guar gum otherwise called gellan gum is a characteristic polymer separated from the guar seed. It is a powdered item used to settle, emulsify, and thicken the surface of specific food varieties and mechanical items. Guar gum has property to accomplish high consistency in low fixations because of non-harmful in nature, low calories, and high strands. Because of these properties this is utilized as an added substance in food varieties and drinks, for example, packaged coconut and almond milk, yogurts, soups, and fiber supplements. There are various other use of guar gum, which incorporate body moisturizers and DIY magnificence plans. The food business represents 70% income share in guar gum market. Likewise, its colloidal nature and emulsifying property make it ideal thickening specialist. In any case, fluctuating oil value, oversupply and slow rise of predominant options are a portion of the elements limiting development of market around here.

Guar gum is widely used in the food business due to its qualities as a stabiliser, thickener, and emulsifier. It is used in the food sector as a stabiliser for ice creams, quick puddings, cheeses, and whipped cream alternatives, as well as a meat binder. It can also be used in painting, printing, fire suppression, dyeing, and textiles. As a result, the food and beverage and oil and gas industries are the main guar gum end-user industries.

Guar Gum Market Outlook

Asia Pacific accounts for smaller market share for guar gum consumption. However, it is a major raw material source for guar seeds. 80% of the world’s guar is produced by India in Rajasthan, Gujarat, and Haryana. Currently, guar gum is used in the food, textile, and pharmaceutical industries in the Asia Pacific region.

Latin America also demonstrates significant growth in the guar gum market. The productivity of processed foods such as cheese, sausages, soups and animal feed preparations increases on addition of guar gum.

Propel SSP, manufactured by Fairmount Santrol Company, based in the U.S., is an alternative to guar gum proppant, which is a cheaper and technically superior alternative. Though, currently in research and trial stage, Propel SSP market is expected to grow due to the successful trials in Marcellus and Utica shale, which is expected to hinder growth of market. Major players in the Guar Gum Market include Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP Limited, and Ashland Inc.