DUBLIN–(BUSINESS WIRE)–The “Guar Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The guar market is projected to register a CAGR of 4.2% during the forecast period (2021-2026). The outbreak of COVID-19 has affected the global production and supply of guar.
Key Market Trends
India to rule global production
Guar Gum is an important ingredient in creating nourishment emulsifiers, food additives, nourishment thickener, and other guar gum items. The guar industry has developed from guar being utilized in households to discovering applications for it in industries. Attributable to new innovations, the natural gum property of guar has several applications in the food, pharmaceuticals, and oil industries.
India is the largest producer of guar and contributes over 80.0% of the total guar and guar gum production in the world. Although the area harvested for guar in India has not changed in almost 10 years, the production of guar has increased significantly due to higher productivity.
Asia-Pacific dominates global production
Asia-Pacific dominates global guar production with India being a major producer. The United States is the largest importer of guar gum from India, with an annual import of more than 244,829.0 metric tons representing about 60.0% of the total guar gum exports from India.
China and Germany are the other major importers of guar gum from India, they import more than 32,268.0 metric tons and 12,085.0 metric tons, respectively, which accounts for 7.8% and 2.9% of the total guar gum export from India. Other major importers of guar gum are Italy, South Africa, Russia, Australia, Netherlands, Japan, Brazil, Belgium, and Canada. Presently, India exports guar gum to more than 90 countries.
Reasons to Purchase this report:
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
5 MARKET SEGMENTATION
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
7 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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