The article cited AMA's Global Guar Gum Market Study explored substantial growth with CAGR of 6.28%. According the report, Rising Production as well as Average Crop yield by Adopting Technologically Advanced Production Facilities
is one of the primary growth factors for the market. Increasing Applications in the Pharmaceutical Industry
is also expected to contribute significantly to the Guar Gum market. Overall, Food & Beverages
applications of Guar Gum, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Guar Gum market identified that the demand is rising in many different parts of the world as "Increasing Processed Food Consumption with respect to Rising Disposable Incomes
". Furthermore, some recent industry insights like "According to the ET monthly analysis reported on February 19th, 2018, all India’s weekly average prices for guar seed is decreased by 2.16% i.e. Rs3,888.97 per quintal during the week ended on 8th February. Also, the average price for guar seed was ruling around Rs3,974.65 per Quintal during the last week of January i.e. 24th to 31st January. This will affect the global guar seeds market as India grows over 850 KT, or 80% of the total guar produced all over the world. In addition to this, 75% of the Guar gum or derivatives produced in India are exported, mainly to the US and to European countries. and In first interim of FY 18/19, the guar gum exports were increased to the exports made a year ago period to 2,65,195 tonnes. Although in the first half of this FY 17/18, exports to the United States decreased to more than 18 percent from 117 KT which were recorded a year ago, India exports the largest quantity to the American market accounting to more than 40% of the global exports in FY 17/18." is constantly making the industry dynamic. One of the challenges that industry facing is "Guar Gum Productivity Depends on Number of External Factors such as Amount of Rainfall, Soil Quality, Production Techniques and Many Others and Rising Threat of Cheaper Substitutes such as xanthan gum, locust bean gum, and other synthetic alternatives"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Guar Gum market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Guar Gum market and other related sub-markets covered in the study.
o Key & emerging players in the Guar Gum market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Guar Gum market size is calculated using market estimation process, the Guar Gum market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Guar Gum market size has been validated using both top-down and bottom-up approaches.