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. However, problems such as
fluctuating oil prices, oversupply, and the eventual introduction of superior
alternatives are limiting market growth in this region.
Guar Gum Market Outlook
In terms of
guar gum 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 for 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.
The guar gum
market in Latin America is also expanding rapidly. Guar gum boosts the
productivity of processed foods including cheese, sausages, soups, and animal
feed preparations.
Key Developments:
VIKAS WSP
Ltd, a renowned guar gum powder manufacturer, gained approval in March 2019 to
export their DP guar gum products for use in fertiliser stabilising
applications.
Ingredion
Incorporated, a global leader in ingredient solutions, bought all of TIC Gums
Incorporated's outstanding shares in December 2016. TIC Gums is a company
established in the United States that develops superior texture technologies
for the food and beverage sector. TIC Gums was granted permission to use a wide
range of agriculturally produced components, including guar gum and acacia.
These natural ingredients serve as the foundation for new ideas while also
allowing for clean-label reformulation.
IFC
(International Finance Corporation), a member of the World Bank Group, invested
$27.5 million in Lucid Colloids, an Indian guar gum producer, in September
2014. This investment aided the company's expansion goals, which included the
construction of two guar splitting factories in Rajasthan, a research and
development facility, and a guar gum plant in Gujarat.
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