The Europe Guar Gum Market was worth US$ xx million in 2022, and it is estimated to reach US$ xx million, rising at an annual development rate (CAGR) of xx% between 2023 and 2028.
Guar gum, also known as gellan gum, is a natural polymer derived from guar seeds. Guar gum is also known as guar gum. It is a rich source of high quality galacto-manned polysaccharides. It is obtained from guar seeds. The seeds of the plant are dried in the sun, separated, and processed into a flour known as powdered guar gum. Guar gum is inherently non-toxic, low in calories, and rich in fiber, which means it has the properties to achieve high viscosity at low concentrations. Due to these properties, it is used as an additive in foods and beverages such as yogurt, soups, bottled coconut and almond milk, and fiber supplements. There are many other uses for guar gum, including body lotions and homemade beauty recipes. Guar gum is a good source of high-quality galactomannan polysaccharides derived from guar seeds. It is mainly used as guar gum powder in the pharmaceutical, paper, textile, food and beverage, mining and explosives and cosmetic industries. Guar gum is used as a binder, thickener, plasticizer, and helps control health problems like diabetes, heart disease, and other diseases. The various properties of guar gum are its solubility in hot and cold water, insoluble in most organic solvents, acting as a thickener with high water binding capacity.
The Europe guar gum market is expected to show remarkable growth in the coming years as demand for prepared foods increases as people's habits change.
Growing consumer awareness of the nutritional and health benefits has generated a growing interest in natural and organic products, which is a key driver of the Europe market for guar gum. Europe is the world's second largest market for guar, guar seeds and guar gum products, and Germany is one of the largest importers of guar gum in this area. Growing prevalence for the use of this product in candy, baked goods, pet food, beverages and frozen foods is escalating the growth rate of the market. Besides this, it is used not only in the pharmaceutical industry, but also to make tablets with disintegrant and binder. It is also used in the manufacture of microencapsulated drug tablets. When preparing the capsules, guar gum acts as dietary fiber. However, guar gum has entered and used the cosmetic industry and has a variety of uses, such as thickening agents, which act as protective colloids in lotions, creams, and other skin care products. Guar gum exhibits excellent thickening and film-forming properties and is in high demand in the printing, finishing and textile industries. However, the main demand for guar gum appears to come from the food packaging industry. All these factors are expected to drive the market for future growth and production. The presence of numerous processing industries is one of the main drivers that makes Germany one of the largest importers of guar gum. At the same time, the growing demand for guar gum in the oil and gas industry will create myriad growth opportunities in the future market. Guar gum offers a number of health benefits, including increasing glucose tolerance and reducing low-density lipoprotein cholesterol. Significant changes in people's lifestyles and strong demand for prepared foods will further increase the Europe guar gum market. In addition, the accelerated use of natural ingredients in various industries, such as food and beverage, mining and explosives, pharmaceutical and cosmetic, will further complement the growing market demand.
Increasing product penetration from the pharmaceutical industry is expected to support the local market for guar gum. The Europe guar gum market is showing significant growth in the near future with widespread application in various industries such as the paper, oil and gas, food and beverage, mining, pharmaceutical and textile industries. Increasing demand from the oil and gas industry where this company is a good consumer of the guar gum is impacting positively on the demand of the market in Europe. Changes in the lifestyle of European consumers and the increasing consumption of prepared foods are accelerating the growth of the market.The emergence of the fast-growing pharmaceutical industry and technological advancements will further promote market growth in the future.
The lack of R&D activity in some countries is the fluctuations in the price of guar seeds, and they are the two main factors that will negatively affect the growing demand in the European market for Guar Gum. The guar tree is a seasonal tree that does not match the growing demand, which restricts the growth of the Europe guar gum market. The health risks associated with adding guar gum to processed foods, such as digestive problems and intestinal reactions, are holding back the growth of the Europe Guar Gum market.
By function, the Europe Guar Gum market is segmented into gelling, thickening, bonding, friction reduction and others. The gelling segment is leading with the highest shares of the market in Europe owing to increasing applications of guar gum in pharmaceuticals and personal care.
By grade, the Europe Guar Gum market is segmented into food grade, industrial grade, and pharmaceutical grade. The industrial grade sector is expected to witness a higher CAGR as the application of guar gum accelerates in various industries such as water drilling, oil well drilling and geological drilling.
By application, the Europe Guar Gum market is segmented based on oil and gas, food and beverages, mining and explosives, papermaking, pharmaceuticals, cosmetics, and others. Oil and gas applications are expected to dominate the Europe guar gum market due to the North American shale gas boom. Food and beverage applications are expected to grow at a higher CAGR during the foreseen period due to higher consumption of processed foods.
Europe has contributed to the second largest market for guar gum due to the presence of many food additive manufacturers and the favorable growth of the healthcare industry in countries such as the UK, Germany and France. The food processing sector is one of the main consumers of guar gum in Europe. Awareness of the product's benefits for weight loss is expected to increase demand. Despite disappointing exploration results and lack of investment in the oil and gas sector, exploration drilling in Europe is supposed to recover again in 2021, increasing product consumption.
Key Players in the Market:
Major Key Players in the Europe Guar Gum Market are
Jai Bharat Gum and Chemicals Ltd, Hindustan Gum & Chemicals Ltd., Gum Industries Limited Branch, Shree Ram Industries, Dabur India Ltd., Tiku Ram Gum & Chemicals Pvt Ltd, Sarda Gums & Chemicals, Guangrao Liuhe Chemicals Co. Ltd., Ingredion Incorporated, Europe Gums & Chemicals Pvt. Limited and Supreme Gums Pvt. Limited.
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