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Guar Complex Market Trends

Report ID: GMI8860
Published Date: Apr 2024
Report Format: PDF

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Guar Complex Market Trends

Market trends indicate a rising demand for guar gum in the food sector due to its natural and versatile characteristics within the guar complex industry. Furthermore, the increased utilization of guar derivatives in pharmaceuticals and cosmetics contributes to market growth. Advancements in sustainable practices and extraction techniques are also reshaping the industry landscape. Moreover, expanding applications in sectors like paper and textiles signify a diversifying market trajectory. Overall, these developments illustrate the market's ability to adapt to evolving industrial requirements and consumer preferences while embracing sustainability.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of guar complex reached USD 1.23 billion in 2023 and is set to witness 3.3% CAGR between 2024 and 2032, driven by the rising preference for natural food ingredients and the surging demand in the oil & gas sector.

The guar gum segment held exceeded USD 890 million in 2023, owing to the diverse applications in various sectors, such as food, pharmaceuticals, cosmetics, textiles, and oil drilling.

Asia Pacific market size was valued at USD 63o million in 2023, attributed to the growing preference for natural ingredients in the F&B industry.

Aakash Chemicals & Dye-Stuffs Inc., Agro Gums, Ashland Global Holdings Inc., Dabur India Ltd., Dupont de Nemours, Inc., E.I. du Pont de Nemours and Company, Guar Resources LLC, India Glycols Limited, Jai Bharat Gum and Chemicals Ltd., Lamberti S.p.A. and Lucid Group.