Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Accordi
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Guar Gum Market Overview, Outlook and Drivers

The natural polymer guar gum, also known as gellan gum, is extracted from the guar seed. It's a powdered product that's used to thicken, stabilise, and emulsify the texture of some foods and industrial items. Due to its non-toxic nature, low calories, and high fibre content, guar gum has the ability to achieve high viscosity in low quantities. This is utilised as an ingredient in meals and beverages such as bottled coconut and almond milk, yoghurts, soups, and fibre supplements because of these qualities. Guar gum can be used in a variety of ways, including body creams and DIY cosmetic products. The food business accounts for 70% of the guar gum market's income. Its colloidal structure and emulsifying ability also make it an excellent thickening agent.

Guar Gum Market Outlook

In terms of guar gum market consumption, Asia Pacific has a smaller market share. Guar seeds, on the other hand, rely heavily on it as a supply of basic material. India produces 80 percent of the world's guar in Rajasthan, Gujarat, and Haryana. Guar gum is currently employed in the Asia Pacific region's culinary, textile, and pharmaceutical industries.

Because of its use as an ingredient in food and as a fracturing agent in the oil industry, North America and Europe are the major markets guar gum powder. As a result, rising drilling activity in the shale industry in the United States has increased demand for guar gum, propelling market expansion.

Africa is a minor participant in this industry and is unlikely to grow significantly over the projection period.

 

Guar Gum Market
Guar Gum Market

Guar Gum Market Growth Drivers:

· Food Industry

Guar gum powder is commonly used to make gluten-free pastries, noodles, jams, vegan meals, and ice cream. This powder can be used to adjust the thickness of salad dressings, soups, and sauces, as well as to create a smooth texture to the dish. Because it is the most effective natural food thickening. Guar gum powder is the most powerful baking ingredient. In the food business, it is also preferred as an addition. Guar gum is also utilised in vegan food since it acts as a vegan-friendly gelatin replacement and aids in thickening the mouthfeel of liquids.

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