Product Code: ETC4546525 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The guar gum market in India is prospering, driven by its extensive use as a thickening and stabilizing agent in the food and beverage industry. It is particularly prominent in the production of gluten-free and vegan food products. Guar gum is also utilized in the oil and gas, textile, and pharmaceutical industries, further contributing to its demand and growth.
The India guar gum market is witnessing robust growth, primarily driven by its extensive applications in various industries. Guar gum, derived from guar beans, is a versatile hydrocolloid used as a thickening, stabilizing, and gelling agent in food, pharmaceuticals, and oil drilling. In the food industry, it is extensively utilized in products like baked goods, dairy, and beverages to enhance texture and stability. The oil and gas sector also relies on guar gum for hydraulic fracturing. Additionally, the pharmaceutical industry employs guar gum in drug formulation. As these industries continue to grow, the demand for guar gum remains strong, further boosting market expansion.
Market challenges involve price fluctuations due to changes in guar seed production, quality control issues, and competition from alternative thickeners and stabilizers in the food and industrial sectors.
The India Guar Gum Market, which serves as a thickening and stabilizing agent in various industries, including food, pharmaceuticals, and textiles, was growing steadily before the COVID-19 pandemic. However, the pandemic had a significant impact on the market. The lockdowns and restrictions disrupted the production and supply of guar gum, leading to challenges in sourcing and distribution. As health concerns increased during the pandemic, there was a surge in demand for guar gum in pharmaceutical and healthcare applications. Market players adapted by promoting the versatile uses of guar gum and exploring new applications in response to changing market dynamics. As the situation gradually improved, the market showed signs of recovery, with a renewed focus on diversifying its applications and ensuring a stable supply chain.
Dominant players in the India Guar Gum market are Hindustan Gum, Vikas WSP, India Glycols, and Rama Industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Guar Gum Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Guar Gum Market Revenues & Volume, 2021 & 2031F |
3.3 India Guar Gum Market - Industry Life Cycle |
3.4 India Guar Gum Market - Porter's Five Forces |
3.5 India Guar Gum Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 India Guar Gum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Guar Gum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Guar Gum Market Trends |
6 India Guar Gum Market, By Types |
6.1 India Guar Gum Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 India Guar Gum Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 India Guar Gum Market Revenues & Volume, By Thickening, 2021-2031F |
6.1.4 India Guar Gum Market Revenues & Volume, By Gelling, 2021-2031F |
6.1.5 India Guar Gum Market Revenues & Volume, By Binding, 2021-2031F |
6.1.6 India Guar Gum Market Revenues & Volume, By Friction Reducing, 2021-2031F |
6.2 India Guar Gum Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Guar Gum Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 India Guar Gum Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.4 India Guar Gum Market Revenues & Volume, By Paper Manufacturing, 2021-2031F |
6.2.5 India Guar Gum Market Revenues & Volume, By Mining & Explosives, 2021-2031F |
6.2.6 India Guar Gum Market Revenues & Volume, By Pharmaceuticals & Cosmetics, 2021-2031F |
7 India Guar Gum Market Import-Export Trade Statistics |
7.1 India Guar Gum Market Export to Major Countries |
7.2 India Guar Gum Market Imports from Major Countries |
8 India Guar Gum Market Key Performance Indicators |
9 India Guar Gum Market - Opportunity Assessment |
9.1 India Guar Gum Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 India Guar Gum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Guar Gum Market - Competitive Landscape |
10.1 India Guar Gum Market Revenue Share, By Companies, 2024 |
10.2 India Guar Gum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |