Europe Guar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 324.15 Billion |
| Market Size (2029) | USD 384.99 Billion |
| CAGR (2024 - 2029) | 3.50 % |
Europe Guar Market Analysis
The Europe Guar Market size is estimated at USD 324.15 billion in 2024, and is expected to reach USD 384.99 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- Europe is the second-largest market for guar, guar seeds, and guar gum products globally, with Germany being one of the largest importers of guar gum in the region. The presence of numerous processing industries is the country that is one of the major drivers for Germany to be one of the largest importers of guar gum.
- Food processing industries such as dairy products, condiments & seasoning requirements, ice cream manufacturing, mineral water, and soft drinks production, are the major consumers of guar gum in the region. Additionally, the growing use of guar in animal feed is likely to drive the guar market in the European countries, including France, Italy, Denmark, and Spain.
Europe Guar Market Trends
This section covers the major market trends shaping the Europe Guar Market according to our research experts:
Increasing Imports of Guar Gum
The import of guar gum in the European region was 84,571 metric ton, which was valued at USD 229.0 million in 2016, and reached 92,419 metric ton, with a value of USD 324.6 million in 2018. Germany, Russia, Netherlands, Italy, France, and the United Kingdom are the major importers of guar gum in the European region, accounting for 69.9% and 78.8% in terms of value and volume, respectively, in 2018. The food sector is the major guar gum consuming sector across Europe. In the United Kingdom, oil drilling is the second-largest industry that consumes guar gum in the country.
Germany Leads the European Guar Market
Germany is the major importer of guar gum in the European countries with an import volume of 30,443 metric ton, which valued at USD 95.5 million in 2018. The growing food processing industry and the animal feed industry are the two major driving factors for the German Guar import. In 2016, around 6000 food processing manufacturers marketed their products in the country. According to German Frozen Food Institute, the processed food market, including Frozen food, has grown by 30% since 2009. The German processed food industry is projected to grow in the upcoming years. This will drive the market for guar gum in Germany.
Europe Guar Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain / Supply Chain Analysis
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4.5 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 Germany
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Value
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5.1.1.3 Import Analysis by Volume and Value
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5.1.1.4 Export Analysis by Volume and Value
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5.1.1.5 Price Trend Analysis
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5.1.2 United Kingdom
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis and Market Value
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5.1.2.3 Import Analysis by Volume and Value
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5.1.2.4 Export Analysis by Volume and Value
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5.1.2.5 Price Trend Analysis
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5.1.3 France
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis and Market Value
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5.1.3.3 Import Analysis by Volume and Value
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5.1.3.4 Export Analysis by Volume and Value
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5.1.3.5 Price Trend Analysis
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5.1.4 Russia
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5.1.4.1 Production Analysis
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5.1.4.2 Consumption Analysis and Market Value
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5.1.4.3 Import Analysis by Volume and Value
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5.1.4.4 Export Analysis by Volume and Value
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5.1.4.5 Price Trend Analysis
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5.1.5 Netherlands
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5.1.5.1 Production Analysis
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5.1.5.2 Consumption Analysis and Market Value
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5.1.5.3 Import Analysis by Volume and Value
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5.1.5.4 Export Analysis by Volume and Value
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5.1.5.5 Price Trend Analysis
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5.1.6 Spain
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5.1.6.1 Production Analysis
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5.1.6.2 Consumption Analysis and Market Value
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5.1.6.3 Import Analysis by Volume and Value
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5.1.6.4 Export Analysis by Volume and Value
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5.1.6.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Guar Industry Segmentation
Guar gum is majorly extracted from guar beans, which is known for its thickening and stabilizing properties. Guar gum is used in various industries, including food processing, animal feed, and other industrial applications. The market study gives an in-depth analysis of the guar gum production, consumption, and trade by geography in the European region.
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Europe Guar Market Research FAQs
How big is the Europe Guar Market?
The Europe Guar Market size is expected to reach USD 324.15 billion in 2024 and grow at a CAGR of 3.5% to reach USD 384.99 billion by 2029.
What is the current Europe Guar Market size?
In 2024, the Europe Guar Market size is expected to reach USD 324.15 billion.
What years does this Europe Guar Market cover, and what was the market size in 2023?
In 2023, the Europe Guar Market size was estimated at USD 313.19 billion. The report covers the Europe Guar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Guar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Guar Industry Report
Statistics for the 2024 Europe Guar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Guar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
