MarketsandMarkets Presents Guar Gum Market Expected to Reach $9.7 Billion by 2019
The report “Guar Gum Market by Grade (Industrial, Food, Pharmacy), Food Grade by Function (Thickener, Stabilizer, Gelling, Fat Replacer, Coating), Application (Bakery, Confectionery, Dairy, Meat & Poultry, Beverage, Sauces) & Region - Global Trends & Forecasts to 2019” defines the guar gum industry and segments it on the basis of usage and consumer preference. The segmentation includes the key grades, functions, and applications. This report offers analyses and projections of the market size of each of the segments for guar gums, in terms of value and volume. It also identifies the driving and restraining factors for the guar gum market, with an analysis of trends, opportunities, drivers, restraints, and challenges. • Browse • 126 market data tables • 81 figures • 190 pages and in-depth TOC on “Guar Gum Market”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=177796677
Source: MarketsandMarkets Analysis Guar Gum Market Size, by Region, 2014 vs. 2019 ($Million) Source: Company Website, Company Annual Reports, NCDEX, USDA FAS, and MarketsandMarkets Analysis
Guar gum is used as an ingredient in various industries, such as food, oil & gas, and pharmaceutical. Guar gum performs various functions, such as thickening, gelling, coating, and stabilizing in food products. The guar gum market is growing significantly, driven by increasing demand from the oil & gas industry and growing demand for natural food additives. The market restraints include fluctuation of raw material prices and imbalance in supply & demand. The market has been segmented on the basis of grades and regions. The food grade guar gum market is further segmented into functions and applications. The different grades of guar gum are industrial grade, food grade, and pharmacy grade. On the basis of functions, food grade guar gum has been segmented into thickener, gelling agent, stabilizer, fat replacer, and coating material. The market is further segmented on the basis of applications that include bakery products, confectionery, meat & poultry products, sauces & dressings, beverages, and dairy & frozen products. Dairy & frozen products have the largest food grade guar gum applications. This report provides a detailed analysis of the guar gum market, which includes market dynamics such as drivers, restraints, opportunities, and challenges faced by key players. The market size includes geographic segmentation of the guar gum market, which includes North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is further segmented on the basis of the key countries in these regions.
The guar gum market is projected to reach a value of more than $9.7 billion by 2019. Key players in this market prefer strategic expansions to increase their global network and enter new geographic locations. This report provides qualitative analyses of the leading players in the market. It also enumerates the development strategies preferred by the leading market players. The market dynamics in terms of market drivers, restraints, opportunities, and challenges are discussed in detail in the report. The guar gum market is fragmented and competitive, with leading companies driving the growth by opting for strategies, such as expansions and new product launches. The report further provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as Penford Corporation (U.S.), TIC Gums, Inc. (U.S.), Lucid Group (India), Vikas WSP Limited (India), and Ashland Inc. (U.S.) have been profiled in the report. Scope of the Report: This report focuses on the guar gum industry, which is segmented on the basis of grade, function, application, and region. On the basis of grade, the market has been segmented as follows: Food grade Industrial grade Pharmacy grade Other industrial grade (textile printing, paper, tobacco, and photography)
On the basis of function, the food grade guar gum market has been segmented as follows: Thickener Stabilizer Gelling agent Fat replacer Coating material Others (emulsifier and binding agent) On the basis of application, the food grade guar gum market has been segmented as follows: Bakery Confectionery Meat & poultry product Sauces & dressing Beverage Dairy & frozen product Others (soups, desserts, pasta, and noodles) On the basis of region, the market has been segmented as follows: North America (U.S., Canada, and Mexico) Europe (Germany, U.K., Spain, Italy, Russia, Denmark, and Rest of Europe) Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific) RoW (Brazil, Argentina, South Africa, and Rest of the countries of RoW)
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