About Guar Complexs
Guar Complex is a galactomannan polysaccharide derived from guar beans that thickens and stabilises food, feed, and industrial products. According to the application, the guar seeds are mechanically dehusked, hydrated, milled, and screened. It's usually made out of a free-flowing, off-white powder. Guar has extensive industrial applications as well as applications in food and pharmaceuticals market. In the industrial sector, Guar is a natural alternative to harmful chemicals that can leak into subterranean aquifers and contaminate the water supply. Whereas in the food and pharmaceutical sector the guar complex is primarily used for constipation, diarrhea, irritable bowel syndrome (IBS), high cholesterol, and high blood pressure. The development of genetic markers and tissue transformation capabilities will aid in the improvement of guar output in general and gum quality in particular, benefiting the livelihoods of marginal farmers in poor nations while also contributing to environmental health. Asia Pacific and North America are the two major markets of Guar Complex.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
Guar Complex offers wide range of applications in both industrial as well as food and pharmaceutical sector. The extensive use of guar complex specifically guar gum in the fracking processes of shale oil and natural gas has stimulated exponential growth in the guar complex in the recent years. Asia Pacific and North America are the two major markets of guar complex. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Guar Complexs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vikas WSP Ltd. (India), Rama industries (India), Jai Bharat Gum & Chemicals Ltd (India), Hindustan Gum & Chemicals Ltd. (India), Shree Ram Gum Chemicals Pvt. Ltd. (India), Cargill Inc. (United States), Lamberti S.p.A. (Italy), India Glycols Ltd. (India), Ashland Global Specialty Chemicals Inc. (United States), Supreme Gums Pvt. Ltd. (India) and Swastik Gum Industries (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chemolin Chemicals (India), Alpha Chemika (India) and Remedy Labs (India).
Segmentation Overview
AMA Research has segmented the market of Global Guar Complexs market by Type (Guar Seed, Guar Gum, Guar Meal and Others), Application (Food and Beverages, Fracking, Textiles, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Guar Complexs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Guar Complexs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Guar Gum Accounts for Largest Market Share
Market Growth Drivers:
Extensive Applications in Pharmaceuticals and Food Industry, Rising Awareness about the Potential Health Benefits Associated with Consumption of Guar and Growing Exploration of Natural Gasses and Shale Oil
Challenges:
Presence of Adulterated or Contaminated Products in Market and Competition from Other Crops such as Groundnut, Cotton and Moth
Restraints:
Fluctuations in the Supply and Prices of Raw Materials may Negatively Impact Guar Complex Market and Increasing Crude Oil Prices too has Negative Effects
Opportunities:
Textiles and Pharmaceuticals may Present Opportunities to Expand
Market Leaders and their expansionary development strategies
In 2019, Batory Foods, Inc., a United States based leading distributer of high quality food ingredients beverage ingredients, dairy ingredients, nutraceutical ingredients and other related products has announced acquisition of Polypro International, which distributes hydrocolloids in North America. The acquisition is expected to consolidate Batory’s market standing as the largest distributed of Procol in North America region.
In August 2021, National Commodity and Derivatives Exchange Limited (NCDEX) on Monday launched the futures contract on NCDEX GUAREX, India’s first sectoral index in agri-commodities basket.
Key Target Audience
Guar Complex Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.