Market Research Reports, Business Consulting Services & Analytics

Increasing demand for natural additives and increasing consumer awareness regarding the Guargum are likely to aid the market growth of the Global Guargum Market

HYDERABAD, TELANGANA, INDIA, January 11, 2023 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that Global Guargum Market size is forecast to reach $789.2 million by 2026, growing at a CAGR of 4.8% during the forecast period 2021-2026. Guargum is extracted from guar beans and is a galactomannan polysaccharide. It has the ability to decrease the amount of glucose and absorb cholesterol in the stomach. It has multi-functional properties and is increasingly being used in several industries such as mining, manufacturing, food & beverage, and cosmetics among others. It offers a wide range of functions such as stabilizer, gelling agent, friction reducer, and binder. Guargum is mostly used as hydrocolloidal and as sugars galactose. Hydroxypropyl guar is a natural thickener that appears as a white powder and is derived from guar gum. It is produced by reacting propylene glycol with guar gum as it improves stability. Increasing awareness regarding the benefits of convenience food and changing the eating habits of the consumers are the major factors driving the growth of the market. Increasing penetration of products in the pharmaceutical industry and increasing incidences of the non-communicable diseases is set to further enhance the overall market developments of the Global Guargum Market for the period 2021-2026.

Click here to browse the complete report summary:
https://www.industryarc.com/Research/Global-Guargum-Market-Research-507352

Save more @ IndustryARC,
Use the code “FLAT1000” & get FLAT 1000$ OFF on any Market Report
Offer available for limited period only..!!

Key takeaways:

This IndustryARC report on the Guargum Market highlights the following areas -

1. North America dominated the Global Guargum Market in 2020 owing to the increasing adoption of the hydraulic fracking and increasing usage of oil well drilling in the oil & gas industry. The Global Guargum Market scope for different regions will be provided in the final report.

2. Increasing demand for natural additives and increasing consumer awareness regarding the Guargum are likely to aid the market growth of the Global Guargum Market report.

3. Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Global Guargum Market report.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=507352

Segmental Analysis:

Global Guargum Market Segment Analysis - By Grade : Food Grade held the largest share in the Global Guargum Market in 2020 and is estimated to grow at a CAGR of 5.2% during the forecast period 2021-2026.

Global Guargum Market Segment Analysis - By Application : Oil & Gas held the largest share in the Global Guargum Market in 2020 and is estimated to grow at a CAGR of 5.5% during the forecast period 2021-2026.

Global Guargum Market Segment Analysis - By Geography : North America dominated the Global Guargum Market with a major share of 32.5% in 2020. This is owing to the increasing demand from food processing sector and increasing awareness regarding the weight loss benefits of the Guargum.

Competitive Landscape:

The top 5 players in the Guargum Industry are -

1. Ruchi Soya Industries Limited
2. Lucid Group
3. Dabur India Ltd.
4. Vikas WSP Limited
5. Hindustan Gums and Chemical Limited

Click on the following link to buy the Guargum Market Report:
https://www.industryarc.com/reports/request-quote?id=507352

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Related Reports:

A. Food and Beverage Additives Market
https://www.industryarc.com/Report/18810/food-and-beverage-additives-market

B. Private Label Food and Beverage Market
https://www.industryarc.com/Report/17777/private-label-food-beverage-market.html

Contact Us:

Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.