Guar Market Is Poised to Expand at a Robust Pace Over 2028
With the rapidly growing urban population, the global demand for processed food and beverages is increasing rapidly. Consumers, these days, prefer to use processed food products. In India, food processing is one of the major sectors in terms of consumption, production, growth and export.
India’s food processing sector largely exports processed vegetables and fruits. As per NIAM, Guar is the second largest exported commodity by India. India is a key player in the global guar gum and guar market trade. Guar is an annual legume plant and is a source of guar meal and guar gum. Guar Gum witnesses large demand from various industries due to its wide applications.
- Agro Gums
- Hindustan Gums Chemicals Ltd.
- Vasundhara Industries
- Cargill Inc.
- Shree Ram Industries, India Glycols Ltd.
- Vikas WSP Ltd.
- Supreme Gums Pvt. Ltd.
- Jai Bharat Gum and Chemical Ltd.
- Ashland Inc.
Global Guar Market Segmentation
On the basis of products, the global Guar market has been segmented into:
- Guar Splits
- Guar Gum
- Guar Meal
On the basis of end-use industry, the global Guar market has been segmented into:
- Food and Beverages
- Animal Feed
- Oil and gas
On the basis function, the global Guar market has been segmented into:
- Binding agent