The global guar gum market size was worth around USD 830 million in 2021 and is predicted to grow to around USD 1377 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2028.
FrequentlyAsked Questions
The rising popularity of natural products in the food and beverage industries is expected to fuel the significant growth rate of the guar gum market during the forecast period. Furthermore, guar gum products are high in dietary fiber, which helps with bowel movement and digestion.
According to the report, the global guar gum market size was worth around USD 830 million in 2021 and is predicted to grow to around USD 1377 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.5% between 2022 and 2028.
The global guar gum market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the increasing demand from the oil & gas sector.
The global guar gum market is dominated by players like Beneo GmbH., Palsgaard, Taiyo Kagaku Co. Ltd., Royal DSM, Kerry Group Plc, FMC Corporation, ADM, Ashland Inc., Danisco, and GUM Technology Corporation among others.
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