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The global guar gum powder market reached a volume of 883,406 Tons in 2020.
We expect the global guar gum powder market to exhibit a CAGR of 7.4% during 2021-2026.
The increasing use of guar gum in the food processing sector as a food preservative for emulsifying, thickening, stabilizing, etc., is one of the key factors driving the global guar gum powder market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of guar gum powder.
Based on the grade, the global guar gum powder market can be bifurcated into food, industrial, and pharmaceutical. Currently, the industrial sector accounts for the majority of the total market share.
Based on the function, the global guar gum powder market has been divided into thickening, gelling, binding, friction reducing, and other functions. Among these, guar gum powder is majorly used for thickening purposes.
Based on the end-use industries, the global guar gum powder market can be categorized into oil drilling, food industry, paper and textile, pharmaceuticals, cosmetics, and others. Currently, the oil drilling sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into the United States, Germany, India, and others, where the United States currently dominates the global market.
Some of the major players in the global guar gum powder market include Hindustan Gum & Chemicals, Jai Bharat Gum & Chemicals, Vikas WSP, Ltd., India Glycols, Ltd., Shree Ram Industries, Altrafine Gums, Lucid Group, Supreme Gum Pvt. Ltd., and Neelkants Polymers.
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