Growing Penetration of Guar Gum in the Pharmaceutical Industry to Boost the Market Growth

Tue, 06 October 2020 7:10

Natural polymers are an attractive class of biodegradable and eco-friendly polymers, and they are readily available. Guar gum is a cheap, readily available natural polymer and can be modified chemically using suitable reagents.  Guar gum is increasingly becoming popular among various industries such as food and beverages, pharmaceuticals, cosmetics, and other industries for its multiple functions such as thickening, binding, and stabilizing agents. Guar gum finds its application in pharmaceutical formulations due to its distinctive properties and lack of toxicity.

The demand for guar gum is increasing in the pharmaceutical industry, owing to its viscosity-enhancing properties. Guar gum is used as a disintegrating and binding agent in tablets and utilized as a controlled-released agent for the drug. It is extensively used as a rate-controlling excipient in designing novel drug delivery systems. Moreover, guar gum acts as an antimicrobial, laxative and hypolipidemic agent, antiproliferative, appetite suppressing agent, which further allows it to use it in therapeutically formulations. The increasing application of guar gum and its derivatives in pharmaceutical and biomedical areas is expected to propel the market as these industries are growing fast.

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According to the European Federation of Pharmaceutical Industries and Associations (EPFIA), from 2013 to 2017, the pharmaceutical market in Latin America grew significantly, with an 11.5% growth rate of the Brazilian Pharmaceutical Market. In Asia-Pacific, China and India were the fastest-growing nations in the pharmaceutical market; the countries grew by 9.4% and 11%. The European market grew by 4.4%, and the U.S. market grew by 7.3% during 2013–2017. Moreover, according to Statista, the global pharmaceutical industry generated USD 1,240.4 billion in 2019. This increasing growth is anticipated to propel the guar gum market in the near future.

Guar Gum Market: Key Players

  • Vikas WSP Ltd.
  • Abdullahbhai Abdul Kader Group
  • Shree Ram Industries
  • Cargill Incorporated
  • DuPont Nutrition and Health
  • Agro Gums
  • India Glycols Ltd.
  • Rama Gum Industries (India) Pvt. Ltd.
  • Lotus Gums and Chemicals
  • Amba Gums and Feeds Products
  • Ingredion Incorporated
  • Vasundhara Gums and Chemicals
  • The Lucid Group
  • Hindustan Gums and Chemicals Ltd.
  • Guangrao Liuhe Chemical Co., Ltd.

Guar Gum Market: Market Segmentation

By Function

  • Thickening
  • Gelling
  • Binding
  • Friction Reducing
  • Others

By End Users

  • Food and Beverage
    • Bakery and Confectionery Products
    • Dairy and Frozen Products
    • Beverages
    • Sauces and Dressings
    • Others
  • Pharmaceuticals
  • Cosmetics
  • Mining and Explosives
  • Paper and Pulp Manufacturing
  • Oil and Gas
  • Others

By Grade

  • Food
  • Industrial
  • Pharmaceutical

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia-Pacific

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean

The Middle East

  • Saudi Arabia
  • The UAE
  • Oman
  • Bahrain
  • Rest of the Middle East

Africa

  • Nigeria
  • South Africa
  • Ghana
  • Tanzania
  • Rest of Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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