Global Guar Gum Market by Grade (Food-Grade, Industrial-Grade, and Pharmaceutical-Grade), by Function (Thickening, Gelling, Binding, Friction Reducing and Others), by Application (Food & Beverages (Bakery & Confectionery Products, Dairy & Frozen Products, Beverages, Sauces & Dressings and Others), Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East &Africa) , Global Forecast to 2027

Guar gum is a highly purified natural polysaccharide extracted from guar beans, a leguminous plant, widely grown in the Indo-Pakistani continent. Due to its unique molecular structure and natural characteristics, it has quickly become a new type of environmentally friendly papermaking additive with superior performance; it is also widely used in food, petroleum, medicine, and other fields.

Guar is the most effective and best water-soluble natural polymer known. At low concentrations, it can form highly viscous solutions, exhibit non-Newtonian rheological properties, and form reversible acid gels with borax due to its unique properties. It is used in food, pharmaceuticals, cosmetics, personal health care, petroleum, mosquito repellent Paper, and textile printing and dyeing industries. Guar gum is a macromolecular natural hydrocolloid Hydroxypropyl guar, belongs to natural galactomannan, one of the quality improvers, a natural thickener. It is mainly divided into food grade and industrial grade (the industrial grade used in oil fields).

The global Guar Gum market generated USD 920.72 million in 2019 and likely to reach USD 1541.6 Million in 2027, with a CAGR of 6.44%, during the forecast period (2020-2027). The growing demand for convenience food on account of increased health consciousness among consumers will accelerate the global guar gum market in future periods. Additionally, the surge in demand in the oil and gas industry as an ingredient in hydraulic fracking operations will drive the global guar gum industry in the projected periods. Guar gum is used in the textile industry and food industry and is an important thickening and emulsifying stabilizer. Moreover, augmentation in demand for guar gum in its multiple uses in confectionery, baked food products, pet food, beverages, and frozen food products will contribute to the growth of the guar gum industry worldwide. 

Guar gum mainly used in the food industry, petroleum industry, textile industry, and construction. For example, thickeners that can be used in fracturing fluids for petroleum oil wells, flocculants for flushing fluids for geological drilling, additives for the paper industry, silk and textile sizing printing and printing pastes, enhancers in the ceramic industry, new coatings in the battery manufacturing industry, binders in building materials and refractory materials, and thickeners and stabilizers in the food industry. It can also use to treat industrial wastewater. Furthermore, the growing aging population across the globe and the rising prevalence of non-communicable diseases and chronic disorders projected to boost the growth of the pharmaceutical industry, which led to influence the global guar gum market soon. Guar gum is used in the explosives industry and mixed with nitro-glycerine and ammonium nitrate to provide waterproofing agents, which will trigger the expansion of the global guar gum market in the forecast period. Guar gum is used as hair and skin conditioner, antistatic agent, and thickener suitable for shampoo and conditioner.

The SPER market research report of the Guar Gum market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the Guar Gum market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.

Based on the grade, the global Guar Gum market classified into Food-Grade, Industrial-Grade, and Pharmaceutical-Grade. The Food-Grade segment accounted for a major market share in 2019. It would continue by 2027, owing to its multi-functional properties and guar gum used in confectionery and frozen food products. Additionally, the surge in demand for food processing, which is on account of growing awareness about food safety among consumers, will lead to trigger the food grade industry. 

The industrial-Grade segment will drive by the increasing demand for guar gum in various industries such as well fracturing, oil well stimulation, oil recovery, oil well drilling, geological drilling, and water drilling.

Based on function, the global Guar Gum market categorized into Thickening, Gelling, Binding, Friction Reducing, and Others. The gelling segment is likely to lead the market by 2027 due to the rise in applications of guar gum in the oil & gas industry as an ingredient in the hydraulic fracking process and the oil drilling industry to increase the production rate of oil & gas. Gelling is also used in personal care and pharmaceutical products such as creams & gels, liquid soaps, and dental impression materials.

Based on the application, the global Guar Gum market segmented into (Food & Beverages (Bakery & Confectionery Products, Dairy & Frozen Products, Sauces & Dressings, Beverages, and Others), Oil & Gas, Paper Manufacturing, Mining & Explosives, Pharmaceuticals & Cosmetics, and Others. The Food & Beverages segment anticipated dominating the market by 2027 due to the growing demand for the guar gum in various confectionery products, such as gummy and chewy confections, aerated confections and marshmallows, confectionery jellies, jelly beans, fruit leathers, caramels, fondants, pastes, and liquid centers/fillings.

Oil & Gas segment will trigger by the augmentation in exploration and drilling activities for extraction will demand guar gum.

By geography, the global guar gum market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to register a higher CAGR by 2027; with growing awareness about food safety in the region, there is a surge in demand for natural additives and processed food among consumers. Moreover, the increasing oil & gas drilling industry demand for gaur guar for hydraulic fracturing. 

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global guar gum market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.