According to a market report by Lucintel, the future of the global guar gum powder market looks promising with opportunities in the oil drilling, food industry, paper and textile, pharmaceutical, and cosmetic markets. The global guar gum powder market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing acceptance of natural goods in the food and beverage sectors, expanding use of industrial-grade product versions, growing acceptance in medicines, and rising popularity of convenience and ready-to-eat (RTE) food products.
more than 150 – page report is developed to understand Trends, opportunity and forecast in guar gum powder market to 2030 by grade (food-grade, industrial-grade, and pharmaceutical-grade), function (thickening, gelling, binding, friction reducing, and others), end use (oil drilling, food industry, paper and textile, pharmaceuticals, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, food-grade, industrial-grade, and pharmaceutical-grade are the major segments of guar gum powder market by grade. Lucintel forecasts that pharmaceutical-grade is expected to witness the highest growth over the forecast period.
Within this market, oil drilling will remain the largest segment.
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North America will remain the largest region over the forecast period due to expanding convenience food consumption, expanding use in medications, and changing customer tastes toward natural ingredients.
Hindustan Gum, Jai Bharat Gum and Chemicals, Neelkanth Polymers, Sunita Hydrocolloids, Vikas WSP, Guangrao Liuhe Chemical, and Global Gums & Chemicals are the major suppliers in the guar gum powder market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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