Research Nester assesses the growth of India guar gum market which is anticipated to be on account of the growing demand for convenience food owing to the growing working population in India.
New York – February 21, 2023 - Research Nester’s recent market research analysis on “India Guar Gum Market: Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the India guar gum market in terms of market segmentation by grade, form, function, and by end-use.
Growing Prevalence of Obesity Among People to Boost Growth of India Guar Gum Market
The India guar gum market is estimated to grow on account of growing prevalence of obesity among people. India has a prevalence of obesity of 40.3%. East had the least variation (32.96%) while the south had the highest zonal variance (46.51%). Obesity rates were higher among women than men (41.88% vs. 38.67%), those over 40 than those under 40 (45.81% vs. 34.58%), and in urban than rural regions (44.17% vs. 36.08%). As a result, it is predicted that guar gum demand would rise. According to certain studies, guar gum may aid in appetite suppression and weight loss. Fiber usually does not be digested by the body, thus it may help people feel fuller while eating less. Also, as people's awareness of their health has grown, so has their desire. Guar gum is also non-toxic, which is another reason why it is more popular among those who are concerned about their health.
Some of the major growth factors and challenges that are associated with the growth of the India guar gum market are:
- Rising Production of Paper and Pulp
- Surge in Export of Processed Food from India
Guar gum could be replaced by a variety of products on the market. Starch, clear star, cassia Tora, and carboxymethylcellulose and carboxymethyl-hydroxyethyl cellulose-based gum are the substances that are most frequently used as thickeners, stabilizers, or dispersants. Some significant replacements or alternatives to guar gum include locust bean gum and xanthan gum, which is utilized in a variety of beverages, dips, sauces, soup bases, and fresh and frozen baked items. Guar gum has been largely replaced by tamarind kernel powder in the textile business, and cassia tora is doing the same in pet food and textiles.
By form, the Indian market for guar gum is segmented into solution/liquid guar gum and guar gum powder. Out of these segments, the solution/liquid guar gum segment is anticipated to grow at the highest CAGR of 8.03% over the forecast period. Growing preference of people for health centric beverage products owing to rise in health-conscious people is the major factor estimated to boost the growth of the segment.
This report also provides the existing competitive scenario of some of the key players of the India guar gum market which includes company profiling of Nuevo Polymers Pvt. Ltd., Hindustan Gum & Chemicals Limited (Hichem), Vikas WSP Limited, Sunita Hydrocolloids Pvt. Ltd., Vasundhara Gums and Chemicals, Lotus Gums & Chemicals, Rama Gum Industries Limited, Dabur India Limited, India Glycols Limited, Neelkanth Polymers, Premcem Gums Pvt. Ltd., Jai Bharat Gum & Chemicals Ltd., Chimique India Ltd., and others.