About Guar Meal
Guar meal is the by-product of guar gum. It is obtained by processing of guar seeds. It is rich in protein and carbohydrate. Thus, guar meal is considered as higher protein food for animals, cattle’s and poultry. According to the study, India is producing approximately 1 million tons of guar meal. Growing animal farming is driving the demand for guar meal over forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The market of Guar Meal is expected to grow with rising demand for maintain animal health and immunity against any type diseases. Several companies are operating in the market to provide different types of Guar Meal with their unique feature. The market is highly fragmented with the presence of several market players. Rising market profitability and demand attracting new players to enter in market which in turn increasing market competitiveness. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Guar Meal 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.
Evonik Industries AG. (Germany), BASF SE. (Germany), Cargill (United States), Eco Guar Group (United States), Altranature Ingredients (India), Avlast Hydrocolloids. (India), Agro Gums(India), Chimique Ltd(India), Greenvit Sp. z o.o. (Poland), Panghea SPA (Italy), Amba Gums & Feeds Products. (India), Rama Gum Industries Ltd (India) and Swastik Gum Industries (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Guar Meal market by Type (Guar Meal Churi and Guar Meal Korma), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Guar Meal 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 Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Guar Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. PP Bag will boost the Guar Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Inclination towards Guar Meal Churi
Market Growth Drivers:
Increasing Livestock Population across the Globe and Rising Awareness to Maintain Animal Health and their Immunity
Challenges:
Availability of Alternatives with Low Price and Limitations regarding Perishability
Restraints:
Strengthen Government Regulations Regarding Feed Additives
Opportunities:
Growing Preference for Providing Proper Nutrition for their Pets, Ruminants and Others and Increasing Animal Farming Infrastructure has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In March 2021, Nexira acquired Unipektin Ingredients AG. This acquisition adds to the product portfolio of natural plant-based ingredients and specialty ingredients like tara gum, hydrolyzed guar gum, and beet fiber.
In September 2020, Guar Resources LLC introduced the only USDA Certified Organic Guar Powder, naturally gluten-free and vegan. USDA Certified Organic Guar Powder earned the trust and confidence of many consumers and thus enlarged the demand for guar gum.
Key Target Audience
Guar Meal Manufacturers, Guar Meal Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments, Animal Care and Management industry, Animal Breeding Programmers and Veterinary Industrialist
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.