637 0 Kommentare Guar Gum Market is Majorly Driven by High Demand for Bakery and Confectionary Food Products Till 2023 | Million Insights - Seite 2

Guar gum market is categorized on the basis of grade, application, end use, and geography. On the basis of grade, the market is divided into food grade, industrial grade, pharmacy grade, and others. Industrial grade is further divided into paper, mining, explosive, oil & gas. Pharmacy grade is also further classified into drugs, cosmetics and others. Industrial grade is predicted to hold larger share of guar gum market in near future owing to the multi-functional properties and wide applications in oil & gas, mining & explosives, tobacco, textile, paper manufacturing, and photography industry among others.

On the basis of application, the market is divided into thickening agent, emulsifier, stabilizer, gelling agent, bonding agent, fracturing agent, flocculent, preservation agent, water retention, and others. Based on end use, the market is divided into food & beverages, textile, pharmaceutical, mining & explosives, oil & gas, cosmetic, defense, paper, and others. Food and beverage industry is further divided into dairy & frozen products, bakery & confectionery products, beverages, sauces & dressings, and others.

Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the growing oil & gas industry in countries like the United States and Canada, and the high demand for processed and frozen foods, North America is projected to hold larger share of guar gum market.

The key players in guar gum market are USA Guar Gum, Dabur India, India Glycols, Vikas WSP, Rama Industries, Hindustan Gums and Chemicals, TIC, Nutriroma, Shree India Sino and AEP Colloids.

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