Guar Market Size
![Guar Market Summary](https://s3.mordorintelligence.com/guar-market/1702284311214_guar-market_Market_Summary.webp)
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.31 Billion |
Market Size (2029) | USD 1.50 Billion |
CAGR (2024 - 2029) | 2.60 % |
Fastest Growing Market | North America |
Largest Market | Asia-Pacific |
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Guar Market Analysis
The Guar Market size is estimated at USD 1.31 billion in 2024, and is expected to reach USD 1.5 billion by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).
- The demand for guar is escalating because of its vast applications in the food and beverage industry as an ingredient, mainly as a food additive, especially for functions like thickener, stabilizer, and binder. Increasing application and research on gaur gum in drug manufacturing and cosmetic industries and their application in oil and gas well stimulation are expected to support the market's growth.
- Fracking remains one of the biggest end-use industries for guar products. Asia-Pacific will continue to dominate the guar market over the forecast period due to high production and high export to other countries.
- India is the largest producer of guar gum, accounting for nearly 80% of the total production. The product accounts for approximately one-third of the total agricultural exports in India. Hence, a growing number of government initiatives to encourage exports to gain foreign currency are expected to benefit the market.
Guar Market Trends
High Demand by End-users
- Guar Gum is an important ingredient in creating nourishment emulsifiers, food additives, thickeners, and other guar gum items. The guar industry has developed from being used in households to discovering applications for it in industries. Attributable to new innovations, the natural gum property of guar has several applications in the food, pharmaceutical, and oil industries.
- The food industry most uses guar gum due to its properties helping it to act as a thickener and bind the water. For instance, guar gum is used by the food industry's different segments, such as bakeries, processed cheese, soups, and meat. Cosmetics and pharmaceuticals are witnessing growth in the use of guar gum as it is used in conditioners, thicker in shampoos, and binder in tablets.
- Hence, the high demand for guar gum has enabled it to be used in various industries. This need is anticipated to lead to high demand for guar gum production during the anticipated period.
![Guar Market: Market Share (Z), Industries, Global, 2021](https://s3.mordorintelligence.com/guar-market/1677574911869_guar-market_Guar_Market_Market_Share__Industries_Global_2021.png)
Asia-Pacific Dominates Global Production
- Asia-Pacific dominates global guar production, with India being a major producer. India is the largest producer of guar and contributes over 80% of the global guar gum production. Although the area harvested for guar in India has stayed the same for almost 10 years, the production of guar has increased significantly due to higher productivity.
- For instance, India exported 321,395 metric tons of guar worth USD 446.8 million in 2021-2022. Other major importers of guar gum are Italy, South Africa, Russia, Australia, Netherlands, Japan, Brazil, Belgium, and Canada. Presently, India exports guar gum to more than 90 countries. Therefore, high export potential has helped the Asia-Pacific region to be the largest producer and exporter of guar gum during the study period.
- In 2021, The United States was the largest importer of guar gum from India, with an annual import of about 192,837 metric tons representing about 60% of the total guar gum exports from India. China and Germany are the other major importers of guar gum from India. They import about 250,68.8 metric tons and 9,320 metric tons, respectively, which accounts for 7.8% and 2.9% of the total guar gum export from India.
![Guar Market: Growth Rate by Region (2023-28)](https://s3.mordorintelligence.com/guar-market/1702284293446_guar-market_Guar_Market_Growth_Rate_by_Region_2023-28.png)
Guar Market News
- May 2022: The Directorate General of Foreign Trade (DGFT), on May 9, 2022, issued an amendment to the notification dated September 29, 2017, for the export of guar gum to the European Union and the United Kingdom. The export originating from India should get an official certificate and the original analytical report of testing of pentachlorophenol (PCP) and ethylene oxide (ETO) from Vimta Labs, Hyderabad. In addition to Vimta Labs, Hyderabad, Export Inspection Agency (EIA) Chennai has also been authorized to issue the analytical report of testing of PCP.
- October 2021: A team of Indian scientists from India's Department of Science and Technology developed an environmentally friendly, non-toxic, biodegradable polymer using guar gum and chitosan, both of which are polysaccharides extracted from guar beans and shells of crabs and shrimps. The fabricated guar gum-chitosan film having high water stability, high mechanical strength, and excellent resistance to harsh environmental conditions, can potentially be used in packaging applications.
Guar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography(Production Analysis, Consumption Analysis, Import Analysis by Volume and Value, Export Analysis by Volume and Value and Price Trend Analysis)
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.2 Europe
5.1.2.1 Germany
5.1.2.2 France
5.1.2.3 Russia
5.1.2.4 Spain
5.1.3 Asia-Pacific
5.1.3.1 India
5.1.3.2 China
5.1.3.3 Japan
5.1.3.4 Australia
5.1.4 South America
5.1.4.1 Brazil
5.1.4.2 Argentina
5.1.5 Africa
5.1.5.1 Malawi
5.1.5.2 Sudan
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Guar Industry Segmentation
Guar is an important ingredient and is used for different applications such as confectionery, baked goods, pet food, beverages, and frozen food products. In addition, they are also used in the industry to make tablets as disruptive agents and binders. They are used in the manufacture of tablets for micro-insulation for fragments.
The guar market is segmented by geography (North America, Europe, Asia- Pacific, South America, Middle East & Africa). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis (value).
The market will be estimated in terms of value in USD million and volume in metric ton.
Geography(Production Analysis, Consumption Analysis, Import Analysis by Volume and Value, Export Analysis by Volume and Value and Price Trend Analysis) | ||||||
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Guar Market Research FAQs
How big is the Guar Market?
The Guar Market size is expected to reach USD 1.31 billion in 2024 and grow at a CAGR of 2.60% to reach USD 1.50 billion by 2029.
What is the current Guar Market size?
In 2024, the Guar Market size is expected to reach USD 1.31 billion.
Which is the fastest growing region in Guar Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Guar Market?
In 2024, the Asia-Pacific accounts for the largest market share in Guar Market.
What years does this Guar Market cover, and what was the market size in 2023?
In 2023, the Guar Market size was estimated at USD 1.28 billion. The report covers the Guar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Guar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What is the future outlook for the Guar Gum Market in developing economies?
The future outlook for the Guar Gum Market in developing economies are a) Rising demand due to growing disposable income b) Increasing adoption in food processing
Guar Industry Report
The guar gum industry is on a significant upswing, driven by its versatile applications in food & beverage, oil & gas, pharmaceuticals, and cosmetics. Known for its thickening, gelling, stabilizing, and emulsifying properties, guar gum is essential in improving product texture and shelf life, especially in the food-grade segment. Its role in oil drilling and hydraulic fracking highlights its importance in the industrial-grade sector. The industry benefits from a surge in demand for natural and organic products, with North America and Asia-Pacific leading in production and export. Despite challenges like raw material availability and the emergence of substitutes, the guar gum market's growth prospects are promising, supported by consumer trends towards convenience foods and health-promoting ingredients. For detailed insights, Mordor Intelligence™ offers comprehensive analysis and forecasts on market share, size, and revenue growth rates in the guar gum industry, available for download as a free report PDF.