Latin America Guar Gum Market is worth USD 98.96 million in 2021 and estimated to grow at a CAGR of 7%, to reach USD 138.8 million by 2026. The Latin America Guar Gum market is developing at an exceptionally quick pace.
The guar plant is aplant known as 'Cyamopsis Tetragonaloba'. The important source of nutrition to human and animals is the legume, it regenerates soil nitrogen and the endosperm of guar seed is an important hydrocolloid widely used across various industries.
The significant drivers is the developing oil & gas industry, specially the shale gas industry, which in turn increased the demand for guar gum. Also surge in the growing use of guar gum in wide range of applications, such as oil & gas, food & beverages, mining & explosives, paper manufacturing, pharmaceuticals etc. in developed and developing nations is boosting the industry.
The Latin America Guar Gum Market for Guar gum is segmented on the basis of function, grade, application and region. Based on function, the market is segmented into Thickening, Gelling, Binding, and Friction Reducing. Based on application, the market is segmented into Food & Beverages, Oil & Gas, Paper Manufacturing, Mining & Explosives, and Pharmaceuticals & Cosmetics. Based on Grade, the market is segmented into Food Grade, Industrial Grade and Pharmaceutical Grade. The industrial grade segment is estimated to account for the largest market share in the Guar Gum Market in 2016. It is considered as the one of the most widely used guar gum, owing to its multi-functional properties and its vast applications in the oil & gas, mining & explosives, paper manufacturing etc. Based on Food and Beverage application, the market is segmented into Bakery & Confectionery Products, Dairy & Frozen Products, Beverages, Sauces & Dressings and Others.
Geographically the Latin America Guar Gum Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The huge rise in spending has increased the demand for this industry.
Key Players in the Market:
Major Key Players in the Latin America Guar Gum Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Grade
5.1.1 Introduction
5.1.2 Food-Grade
5.1.3 Industrial-Grade
5.1.4 Pharmaceutical-Grade
5.1.5 Y-o-Y Growth Analysis, By Grade
5.1.6 Market Attractiveness Analysis, By Grade
5.1.7 Market Share Analysis, By Grade
5.2 Function
5.2.1 Introduction
5.2.2 Thickening
5.2.3 Gelling
5.2.4 Binding
5.2.5 Friction Reducing
5.2.6 Other Functions
5.2.7 Y-o-Y Growth Analysis, By Function
5.2.8 Market Attractiveness Analysis, By Function
5.2.9 Market Share Analysis, By Function
5.3 Application
5.3.1 Introduction
5.3.2 Oil & Gas
5.3.3 Food & Beverages
5.3.4 Mining & Explosives
5.3.5 Paper Manufacturing
5.3.6 Pharmaceuticals & Cosmetics
5.3.7 Others
5.3.8 Y-o-Y Growth Analysis, By Application
5.3.9 Market Attractiveness Analysis, By Application
5.3.10 Market Share Analysis, By Application
5.4 Food & Beverage Application
5.4.1 Introduction
5.4.2 Bakery & Confectionery Products
5.4.3 Dairy & Frozen Products
5.4.4 Beverages
5.4.5 Sauces & Dressings
5.4.6 Others
5.4.7 Y-o-Y Growth Analysis, By Food & Beverage Application
5.4.8 Market Attractiveness Analysis, By Food & Beverage Application
5.4.9 Market Share Analysis, By Food & Beverage Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Grade
6.1.3.3 By Function
6.1.3.4 By Application
6.1.3.5 By Food & Beverage Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Grade
6.1.4.3 By Function
6.1.4.4 By Application
6.1.4.5 By Food & Beverage Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Grade
6.1.5.3 By Function
6.1.5.4 By Application
6.1.5.5 By Food & Beverage Application
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cargill
8.1.1 Overview
8.1.2 ProductAnalysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 E.I. Dupont De Nemours and Company
8.3 Ingredion Incorporated
8.4 Shree Ram Industries
8.5 Dabur India Ltd
8.6 Hindustan Gums and Chemical Limited
8.7 Lucid Group
8.8 Supreme Gums Private Limited
8.9 Rama Gum Industries
8.10 Guangrao Liuhe Chemical Co., Ltd.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
