Global Guar Gum Consumption Market Overview:
Guar gum consumption refers to the usage and demand for guar gum, a natural food additive and thickening agent derived from the seeds of the guar plant. Guar gum has various applications in various industries, including food and beverages, pharmaceuticals, and cosmetics. In the food and beverage industry, guar gum is used as a stabilizer, emulsifier, and thickening agent in products such as sauces, dressings, dairy products, bakery items, and beverages. It provides viscosity, improves texture, and helps in maintaining product stability.
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Technological Advancements in Processing Techniques Such as Modified Milling and Grinding Methods and Increasing Application of Guar Gum to Its Multifunctional Properties
Market Growth Drivers:
Increasing Demand of the Potential End User Industries and Rising Demand for Convenience Foods
Surging Development Of Guar Gum Substitutes
Lack of R&D Activities and Fluctuating Prices of Guar Seeds
Increasing Number of Domestic Vendors and E-Commerce Channels and Growing Consumer Preferences for Natural Ingredients
Guar Gum Consumption is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The companies are planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Hindustan Gum & Chemicals Ltd. (India), Dabur India Ltd. (India), AEP Colloids (United States), Cargill Incorporated (United States), DuPont (United States), Vikas WSP Limited (India), Altrafine Gums (India), Supreme Gums Pvt. Ltd. (India), Ingredion Incorporated (United States), India Glycols Ltd. (India) and Neelkanth Polymers (India). Considering Market by Function, the sub-segment i.e. Stabilizer & Emulsifier will boost the Guar Gum Consumption market. Considering Market by Type, the sub-segment i.e. Food Grade will boost the Guar Gum Consumption market.
Latest Market Insights:
In December 2016, Ingredion Incorporated acquired US-based TIC Gums, Inc., a supplier of advanced structural systems, primarily gums, to the food and beverage industry. This acquisition aided Ingredion Incorporated in strengthening its product portfolio.
In January 2019, Vikas WSP, an Indian company, launched a new guar gum product to stabilize coconut milk.
In India, the regulatory body responsible for overseeing the production, quality, and export of guar gum is the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry. DGFT formulates and implements policies related to the export and import of guar gum, including setting export quotas, quality control measures, and export incentives.
What Can be Explored with the Guar Gum Consumption Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Guar Gum Consumption Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Guar Gum Consumption
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Guar Gum Consumption market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Guar Gum Consumption market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Guar Gum Manufacturers, Distributor and Supplier Companies, End-Use Industries, Potential Investors, Governmental Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.