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Guar Gum Market Trends

Report ID: GMI2073
Published Date: May 2023
Report Format: PDF

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Guar Gum Market Trends

Guar Gum Market Size, By Product, 2021 - 2032 (USD Billion)

The growing consumer inclination toward plant-based low-fat and low-calorie items is a key trend supporting the expansion of the guar gum market share. The latest study undertaken by The Good Food Institute, the Plant-Based Foods Association, and SPINS, suggests that dollar sales of plant-based food reached $8 billion in 2022, registering a growth of 6.6%. Guar gum can effectively reduce the overall fat content, making it suitable for usage in a variety of diet food items. Escalating fitness trends and increased health awareness will boost product sales through 2032.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of guar gum was surpassed USD 1.3 billion in 2023 and is estimated to register over 7.5% CAGR between 2024 and 2032, due to a significant rise in demand for frozen and convenience food worldwide.

The food-grade segment is poised to grow at 6.5% CAGR through 2032, owing to the growing usage of food-grade guar gum as a thickening agent in several food products and its positive impacts on human health.

The food & beverages segment reached over USD 600 billion in 2022, attributed to the increasing popularity of organic and plant-based food products.

Notable players in the guar gum industry include Hindustan Gum & Chemicals Ltd, Cargill Inc., Dabur, Ingredion Incorporated, Jai Bharat Gum & Chemicals Ltd., Vikas WSP Ltd, Lucid Group, India Glycols Ltd., Nutriroma, Supreme Gums Pvt. Ltd, and AEP Colloids Inc.