The coronavirus pandemic has created unprecedented challenges for majority of the industries and businesses around the world. Considering the constantly growing coronavirus cases worldwide, experts have warned that it can lead to economic depression worldwide. As of now, a majority of the countries around the world have issues guidelines for complete or partial lockdown and people have been asked to follow social distancing and self isolation to prevent the spread of the coronavirus disease.
These preventive steps have helped in stopping the coronavirus spread, but at the same time it has harmed industries like hospitality, aviation, tourism and many more. While businesses in these industries are struggling badly, coronavirus disease has created immense growth opportunities for some industries. The Guar powder market is one of such exceptions, which is expected to have steady growth globally because of a number of important factors.
Adaptation of Healthy Lifestyle Due to Coronoavirus Awareness
If we look at the coronavirus cases by country, it is clear that as of now the spread of coronavirus disease is the biggest concern worldwide. None of the countries have been able to develop vaccines for coronavirus until now, but the authorities have been successful in creating awareness about coronavirus symptoms and safety tips. Because of the growing awareness of coronavirus, people all around the world have started switching to a healthy lifestyle. Looking at the current trend, it is expected that a healthy lifestyle is going to be a new standard of living for everyone. When we talk about a healthy lifestyle, the ingredients used in food products and medicines become very important. This change is expected to boost the demand for natural food ingredients like guar powder and it can affect the guar powder price as well.
Coronavirus Awareness to Fuel Guar Gum Demand in the Pharmaceutical Industry
Guar powder is widely used in various applications like gelling, thickening, stabilizing, emulsifying and binding in the pharmaceutical industry. For every Guar powder manufacturer, the pharmaceutical and food industries are the highest demand generator. Guar powder is also known to be effective in digestion, obesity, blood sugar and cholesterol levels. When it comes to a healthy lifestyle, it drills down to effectively managing blood sugar levels, cholesterol levels and obesity. Hence, this factor will fuel the demand for Guar powder in the pharmaceutical industry. Guar powder exporters are expected to see great demand from the pharmaceutical industry in the coming days.
Guar Powder Demand to Grow in the Food Industry
Guar Powder plays an important role as a food additive in a variety of dairy products, bakery products, and confectionery. Because of the increasing health awareness, food products with natural ingredients like Guar powder are highly preferred nowadays. Considering the current situation of the coronavirus outbreak, people are expected to include food products with natural ingredients in their routine life to stay healthy. As a result of this aspect, Guar powder suppliers are expected to witness high demand for food grade Guar powder from the food industry.