Asia-Pacific Guar Market Size

Market Size of Asia-Pacific Guar Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2019 - 2022
CAGR	2.90 %

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Asia Pacific Guar Market Analysis

The Asia-Pacific Guar Market is projected to grow at a CAGR of 2.9% during the forecast period. Guar products are been used for many applications including food preparations, beverages, textiles, paper industry, petroleum industry, mining, explosives, pharmaceuticals, and cosmetics. Growing demand from the food and beverage industry as an ingredient mainly as a food additive especially for functions like thickener, stabilizer, and binder. Fracking remains one of the biggest end-use industries for guar products. India is the major producer of Guar followed by Pakistan in the region. Together they account for about 95% of total world production of guar seed as well as exports of guar gum. Apart from India and Pakistan, guar is also produced in smaller quantities in Australia and China. Due to increased demand from various countries, the Indian export market has been recording significant growth. For instance, according to the Agricultural and Processed Food Products Exports Development Authority, in 2018 Guar gum, exported by India to China and Japan accounted for USD 13,186 thousand and USD 6804 thousand, respectively.

Asia Pacific Guar Industry Segmentation

Guar is an important ingredient in creating nourishment emulsifiers, food additive, nourishment thickener, and other guar gum items. The guar industry has developed from guar being utilized in households to discovering applications for it in industries. Attributable to new innovations, the natural gum property of guar has several applications in food, pharmaceuticals, and oil industries. Here in this report, consumption has been considered for market size calculation.

India
		Production Analysis
		Consumption Analysis and Market Value
		Import Analysis by Volume and Value
		Export Analysis by Volume and Value
		Price Trend Analysis

China
		Production Analysis
		Consumption Analysis and Market Value
		Import Analysis by Volume and Value
		Export Analysis by Volume and Value
		Price Trend Analysis

Japan
		Production Analysis
		Consumption Analysis and Market Value
		Import Analysis by Volume and Value
		Export Analysis by Volume and Value
		Price Trend Analysis

Australia
		Production Analysis
		Consumption Analysis and Market Value
		Import Analysis by Volume and Value
		Export Analysis by Volume and Value
		Price Trend Analysis

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Asia-Pacific Guar Market Size Summary

The Asia-Pacific guar market is experiencing steady growth, driven by its diverse applications across various industries such as food and beverages, textiles, paper, petroleum, mining, explosives, pharmaceuticals, and cosmetics. The demand for guar products, particularly as food additives for thickening, stabilizing, and binding, is on the rise, especially in the food and beverage sector. The fracking industry also significantly contributes to the market's expansion. India and Pakistan dominate guar production in the region, accounting for a substantial portion of global production and exports, with smaller contributions from Australia and China. The Indian export market, in particular, has seen notable growth due to increasing demand from countries like China and Japan.

Guar's versatility is evident in its use as a stiffener in ice cream, a stabilizer for cheeses and instant puddings, and a binder in fish feed pellets, enhancing their durability in water. Its high protein and dietary fiber content offer health benefits, making it valuable for weight loss and diabetes management. The petroleum industry's demand significantly influences guar seed consumption patterns, with India being the leading producer, particularly in Rajasthan and Haryana. The United States remains a major export destination for Indian guar gum, followed by countries like China, Russia, Germany, and Norway, highlighting the global significance of the Asia-Pacific guar market.

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Asia-Pacific Guar Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Value Chain Analysis
2. MARKET SEGMENTATION
1. 2.1 India
  1. 2.1.1 Production Analysis
  2. 2.1.2 Consumption Analysis and Market Value
  3. 2.1.3 Import Analysis by Volume and Value
  4. 2.1.4 Export Analysis by Volume and Value
  5. 2.1.5 Price Trend Analysis
2. 2.2 China
  1. 2.2.1 Production Analysis
  2. 2.2.2 Consumption Analysis and Market Value
  3. 2.2.3 Import Analysis by Volume and Value
  4. 2.2.4 Export Analysis by Volume and Value
  5. 2.2.5 Price Trend Analysis
3. 2.3 Japan
  1. 2.3.1 Production Analysis
  2. 2.3.2 Consumption Analysis and Market Value
  3. 2.3.3 Import Analysis by Volume and Value
  4. 2.3.4 Export Analysis by Volume and Value
  5. 2.3.5 Price Trend Analysis
4. 2.4 Australia
  1. 2.4.1 Production Analysis
  2. 2.4.2 Consumption Analysis and Market Value
  3. 2.4.3 Import Analysis by Volume and Value
  4. 2.4.4 Export Analysis by Volume and Value
  5. 2.4.5 Price Trend Analysis

Asia-Pacific Guar Market Size FAQs

What is the current Asia-Pacific Guar Market size?

The Asia-Pacific Guar Market is projected to register a CAGR of 2.9% during the forecast period (2024-2029)

What years does this Asia-Pacific Guar Market cover?

The report covers the Asia-Pacific Guar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Guar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.