Guar gum is a common ingredient in many food products, and is mainly used as a thickening agent in baked goods, soups, sauces and other beverages. Guar gum powder is a natural product extracted from guar beans. The guar beans that produce guar gum are grown in Brazil, Uruguay, India, China, Thailand, and the United States.
Growing Demand for Guar Gum Powder
Guar gum powder is a natural agrochemical that has many uses. In food & beverage industry, it is used as an emulsifier, thickening agent, stabilizer and gelling agent. It also acts as a surfactant and deformer.
Moreover, it helps in improving the appearance of foods, especially sauces, condiments and soups. Guar gum is also used in the paper and explosives industries. Besides, it is an excellent binding agent.
The market for guar gum is expected to grow at a considerable rate in the next few years. USA is estimated to be the largest market for guar gum powder. Oil and gas industry are the main consumers of guar gum powder in USA. Also efforts by US government for expanding uses of guar gum powder is expected to grow market of guar gum powder.
The growing demand for convenience foods is one of the factors contributing to its growth. Also, high adoption of advanced technology is projected to create ample opportunities in the industry.
Moreover, the increased use of guar gum in personal care and pharmaceutical industry is expected to boost the demand for the product. Hence, the global guar gum market is predicted to witness the highest growth during the forecast period.
Increasing Demand in Various Industries
Guar gum is a food ingredient that is widely used in various industries. This multifunctional ingredient has various uses including thickening, gelling, and binders. In addition to this, it also has properties for water treatment, textiles, mining, oil and gas, and pharmaceuticals.
The global market for guar gum is projected to grow at 7.9% CAGR from 2017 to 2022. North America is expected to dominate the global market due to increasing demand from the oil and gas industry and hydraulic fracking. Asia-Pacific is expected to show growth in the coming years. However, the market in Africa is predicted to be underdeveloped.
One of the major factors affecting the growth of the guar gum market is the uncertainty regarding the supply of raw material. This leads to unstable prices and may lead to a decline in the use of the product. Another factor is the availability of substitute products. For instance, silicon fibers are a potential substitute for guar gum.
Guar Gum Price Trend in USA
Guar Gum powder is a natural emulsifier and gelling agent widely used in the food industry. It is derived from the ground endosperm of the guar plant. Some of its applications are in food manufacturing, confectionery products, and frozen food items.
The guar gum market has experienced a turning point. Guar gum powder prices shows an upward price trajectory in the third quarter of 2022. Prices for guar gum powder were high due to the strong demand. After a prolonged bearish trend, prices have begun to increase. This is due to rising demand in the food manufacturing industry.
However, the rise in price has also been accompanied by a decline in buying interest. Although there are still speculative longs on the market, the structure of the front Mar’23 remained unchanged. These factors should provide fertile ground for speculative longs, but the future development of the market is expected to remain volatile.
Guar gum powder is used in the preparation of baked items, beverages, ice cream, and confectionery products. Moreover, it is used as a disintegrating agent, bonding agent, and gelling agent.
Guar Gum Powder in USA is an important product for the oil & gas, mining, and food industries. It provides gelling and thickening properties and acts as a lubricant.