Guar Gum Market - Forecast(2021 - 2026)
Guar Gum Market Overview: Increasing import value of guar gum across the world is elevating the demand and preference for guar gum. Import value of “Thickeners and mucilages derived from guar seeds” is recorded as $1.08m in 2018, experienced a 14% annual growth in import value during 2017-2018. IndustryARC’s latest market research report states that the global guar gum market was valued at $790m in 2018 and is estimated to propel with a healthy CAGR of 7.40% throughout the foreseen period 2019-2025. North America region occupied a domineering share of 52% in the global guar gum market as of 2018. U.S. is the largest importer of mucilages and thickeners, derived from locust beans, and guar seeds in 2018. It has recorded an import value of $435,573 in 2018, and experienced a 3% annual growth in the import value from 2017 to 2018. In addition to this, U.S. has also established itself as a leading country with a 40.5% share in the worldwide guar gum imports. These factors altogether add v...