Asia Pacific Guar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Guar Market Analysis
The Asia-Pacific Guar Market is projected to grow at a CAGR of 2.9% during the forecast period. Guar products are been used for many applications including food preparations, beverages, textiles, paper industry, petroleum industry, mining, explosives, pharmaceuticals, and cosmetics. Growing demand from the food and beverage industry as an ingredient mainly as a food additive especially for functions like thickener, stabilizer, and binder. Fracking remains one of the biggest end-use industries for guar products. India is the major producer of Guar followed by Pakistan in the region. Together they account for about 95% of total world production of guar seed as well as exports of guar gum. Apart from India and Pakistan, guar is also produced in smaller quantities in Australia and China. Due to increased demand from various countries, the Indian export market has been recording significant growth. For instance, according to the Agricultural and Processed Food Products Exports Development Authority, in 2018 Guar gum, exported by India to China and Japan accounted for USD 13,186 thousand and USD 6804 thousand, respectively.
Asia Pacific Guar Market Trends
This section covers the major market trends shaping the APAC Guar Market according to our research experts:
Application in Various Industry is Driving Production
Highly refined guar gum is used as a stiffener in foods like ice cream, a stabilizer for cheeses, instant puddings and whipped cream substitutes. Guar bean is high in proteins, vitamins, and other dietary fibers due to which it posses several health benefits and is useful for weight loss and diabetes treatment. Guar is the most widely used general-purpose thickener and texture modifier in the food industry. Furthermore, Guar Gum is also used as a binder in the fish feed pellets. The binder keeps the pellets from disintegrating when placed in water and greatly reduces the consumption of fish feed in the pond. In the mining of various metals, it is used as a flocculent and as a depressant. Also, the consumption pattern of guar seeds is largely influenced by the demands of the petroleum industry. All the aforementioned factors influence production thus driving the market for guar in the region.
India Dominates the Market
The consumption pattern of guar seeds is largely influenced by the demands of the petroleum industry. India accounts for 90 percent of the world's guar produce, of which approximately, 72% comes from Rajasthan in 2018. Haryana is the second-largest Guar producing state that contributes around 11% of total production and the rest of the states are followed with Gujarat, Punjab, Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Maharashtra, Karnataka, and Andhra Pradesh. According to the International Trade Statistics (ITC), in 2019, India exported guar gum worth USD 556 million with the quantity amounting to 408.15 thousand metric tons. The United States is the major export destination with a value of USD 203.99 million sharing 36.7% of total India's export which is followed by China, Russia, Germany, and Norway with a share of 16.6%, 8.5%, 7%, and 4.6% in 2019.
Asia Pacific Guar Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
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 Analysis
5. MARKET SEGMENTATION
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5.1 India
- 5.1.1 Production Analysis
- 5.1.2 Consumption Analysis and Market Value
- 5.1.3 Import Analysis by Volume and Value
- 5.1.4 Export Analysis by Volume and Value
- 5.1.5 Price Trend Analysis
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5.2 China
- 5.2.1 Production Analysis
- 5.2.2 Consumption Analysis and Market Value
- 5.2.3 Import Analysis by Volume and Value
- 5.2.4 Export Analysis by Volume and Value
- 5.2.5 Price Trend Analysis
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5.3 Japan
- 5.3.1 Production Analysis
- 5.3.2 Consumption Analysis and Market Value
- 5.3.3 Import Analysis by Volume and Value
- 5.3.4 Export Analysis by Volume and Value
- 5.3.5 Price Trend Analysis
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5.4 Australia
- 5.4.1 Production Analysis
- 5.4.2 Consumption Analysis and Market Value
- 5.4.3 Import Analysis by Volume and Value
- 5.4.4 Export Analysis by Volume and Value
- 5.4.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
7. IMPACT OF COVID-19
Asia Pacific Guar Industry Segmentation
Guar is an important ingredient in creating nourishment emulsifiers, food additive, 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 food, pharmaceuticals, and oil industries. Here in this report, consumption has been considered for market size calculation.
| India | Production Analysis |
| Consumption Analysis and Market Value | |
| Import Analysis by Volume and Value | |
| Export Analysis by Volume and Value | |
| Price Trend Analysis | |
| China | Production Analysis |
| Consumption Analysis and Market Value | |
| Import Analysis by Volume and Value | |
| Export Analysis by Volume and Value | |
| Price Trend Analysis | |
| Japan | Production Analysis |
| Consumption Analysis and Market Value | |
| Import Analysis by Volume and Value | |
| Export Analysis by Volume and Value | |
| Price Trend Analysis | |
| Australia | Production Analysis |
| Consumption Analysis and Market Value | |
| Import Analysis by Volume and Value | |
| Export Analysis by Volume and Value | |
| Price Trend Analysis |
Asia Pacific Guar Market Research FAQs
What is the current Asia-Pacific Guar Market size?
The Asia-Pacific Guar Market is projected to register a CAGR of 2.9% during the forecast period (2024-2029)
What years does this Asia-Pacific Guar Market cover?
The report covers the Asia-Pacific Guar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Guar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Guar in Asia Pacific Industry Report
Statistics for the 2024 Guar in Asia Pacific market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Guar in Asia Pacific analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
