Los Angeles, CA -- (SBWIRE) -- 07/15/2019 -- Guar gum is widely used in industrial as well as food processing applications as a natural thickener, binding agent, emulsifier, flocculating agent, gelling and water barrier agent, wet-end strength additive, and sizing agent. It also finds application in the pharmaceutical, cosmetics, and oil and gas industries because of its water-proofing, thickening, gelling, adhesive, and hair and skin rejuvenation properties. Small-scale companies are predicted to give competition to established players with lower prices. Top companies usually have a strong distribution and sales network and raw material supply.
Need to Increase Shelf Life of Processed Food to Augment Demand
Application of guar gum as an additive is prophesied to increase in the processed food industry due to the benefit of improved shelf life. Changes in eating habits of people that raise demand for convenience food are foretold to push the requirement of guar gum. Besides the food and beverage industry, pharmaceutical is predicted to witness increased penetration of guar gum in the coming years. Nevertheless, the oil and gas industry is anticipated to show substantial consumption of guar gum due to the growth in shale oil and gas output.
Important Points to Remember
? Application of guar gum to increase in hydraulic fracturing and oil well drilling
? Industrial grade segment to grow at a remarkable CAGR during the forecast period
? Thickening agent and gelling agent to rise at a robust growth rate
? Others segment to gain a large share with high demand in the shale oil and gas industry
? Increased oil and gas exploration and production to help North America collect substantial share
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Price Analysis
The pricing analysis provided in this research study equips players with the information and data needed to determine the right price for their guar gum products. Price is one of the critical elements that works together with promotion and distribution strategies for successful product positioning and marketing. Pricing analysis becomes more important when a company needs to determine price structures and policies for its new products and services. It plays an important role in test marketing, evaluation of new product ideas, and opting for the right product introduction strategy.
Players to Prefer Direct Product Distribution to Increase Profits
The global guar gum market includes leading players such as Hindustan Gum & Chemicals Ltd., Cargill Incorporated, India Glycols Ltd., Lotus Gums & Chemicals, Vikas WSP Ltd., Ingredion Incorporated, Pakistan Gum Industries Pvt. Ltd., Rama Industries, Agro Gums, Guangrao Liuhe Chemical Co., Ltd., The Lucid Group, and Vasundhara Gums & Chemicals. With a view to improve their profit margin, vendors serving international markets such as Saudi Arabia, Europe, and the US are predicted to adopt direct distribution. In Asia Pacific, China and India show high concentration of small-scale companies.
Cargill, a US-based international provider of industrial, agriculture, and food products, saw 8% increase in adjusted operating earnings in Q3 fiscal 2019 compared to the year-ago period. Net earnings on a US GAAP basis jumped 14% compared to the same quarter of the previous year.
By Grade
? Food Grade
? Industrial Grade
By Nature
? Organic
? Conventional
By Application
? Food
o Dairy Products
o Pet Foods
o Meat Products
o Noodles and Pastas
o Dressings and Sauces
? Cosmetics and Pharmaceuticals
? Beverages
? Construction and Textiles
? Others (Oil)
By Function
? Thickening Agent
? Gelling Agent
? Binding Agent
? Friction Reducing
North America is prognosticated to take charge of the global guar gum market in terms of revenue share as the US continues to show increases in the number of oil rigs and oil well drilling and hydraulic fracking activities. Government support for exploration and production activities in the oil and gas industry is anticipated to help North America gain growth in the global market. On the other hand, demand for guar gum is foreseen to increase in Asia Pacific due to the availability of technically recoverable resources and aggressive growth in urbanization.
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