Guar Gum Market Projected to Reach $9.7 Billion by 2019

Guar Gum Market Research Report defines the guar gum industry and segments it on the basis of usage and consumer preference. The segmentation includes the key grades, functions, and applications. This report offers analyses and projections of the market size of each of the segments for guar gums, in terms of value and volume. It also identifies the driving and restraining factors for the guar gum market, with an analysis of trends, opportunities, drivers, restraints, and challenges.

The global guar gum market has been growing at a significant rate due to the growing demand from the oil & gas industry. Guar gum is used in different industries, such as oil & gas, food, and pharmaceuticals. The multi-functionality in various industrial applications is an important driving factor in the market.

Speak to Analyst -

Guar gum is a natural additive that is used in different food applications and meets the consumer demand for healthy and value-added products. It is used as a thickener, gelling agent, stabilizer, and fat replacer. Imbalance in supply and demand and shortage of raw materials are perceived as restraints in the guar gum market.

Early buyers will receive 10% customization on reports.

Request for Customization -

The guar gum market is estimated to grow with the increasing demand for natural food additives. The market in the Asia-Pacific region is projected to grow at the highest CAGR due to increasing industrial application of guar gum and the growing demand for convenience foods. The key players in the market have adopted expansion & investment and new product launch as strategies to garner a larger share in the market. During the review period of January 2010 to December 2014, the key players in the guar gum market were Penford Corp. (U.S.), TIC Gums, Inc. (U.S.), Lucid Group (U.S.), and Ashland Inc. (U.S.).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441