Published: Dec, 2017
Functional properties of guar complex products have played a key role in expanding their application purview. However, increasing applications of guar complex have led to more investigations through scientific studies, which have resulted in revealing the adverse effects of guar complex products. While the use of gum made of guar complex as a food additive is widespread, pharmaceutical companies are employing the serum cholesterol reduction properties of such guar complex products in development of new drugs. Particularly in diabetics, guar complex products are consumed for their abilities in controlling blood glucose levels.
In addition, guar complex products are being widely included in clinical trials for promoting weight loss. Regardless, the demand for guar complex products continues to plummet pertaining to their role in causing gastrointestinal obstruction and deficiency of metformin serum concentrations in blood. According to Transparency Market Research, the global guar complex market will witness a sluggish expansion at 2.6% CAGR, exceeding US$ 1.7 Bn value by the end of the forecast period, 2017-2026. A majority of guar complex producers across the globe are expected to focus on food & beverage and pharmaceutical applications of guar complex products. Companies namely, Jai Bharat Gum, Vikas WSP, Hindustan Gums, Shree Ram Gum, Cargill Inc., Lucid Group, Ashland Inc., Supreme Gums Pvt. Ltd., India Glycols Ltd., Rama industries, and Lamberti will be actively instrumenting the global guar complex production through 2026.
APEJ to Represent Largest Market for Guar Complex
Considering the dense presence of global guar complex market players in India, the Asia-Pacific excluding Japan (APEJ) region will remain dominant in the global expansion through 2026. While India will be viewed as the largest producer of guar complex, the APEJ guar complex market will be characterized by high production, brimming exports and a moderate domestic demand. By the end of 2026, the APEJ guar complex market is expected to be worth US$ 1 Bn, according to the report findings. North America and Europe are also expected to be among the leading consumer marketplaces for guar complex products over the forecast period.
Pharmaceutical End-use of Guar Complex Products to Register High CAGR
The report also reveals that the end-use of guar complex products will be the highest in fracking industries across the globe. However, the pharmaceutical industries will register fastest end-use of guar complex products, reflecting the highest revenue growth at 5.3% CAGR over the forecast period. The demand for guar complex in food & beverage industries will be relatively sluggish towards the end of the forecast period.
Additional Insights: Global Guar Complex Market Forecast
The report has analysed and forecasted the future of global guar complex market on the basis of end-use, products, and distribution channels.
- With respect to the products, guar seeds will remain a top-seller in the global market in 2017 and beyond
- Guar meal and guar gum products, on the other hand, will register similar revenue growth at 2.6% CAGR
- Considering the voluminous use of guar complex products, traders or wholesalers will represent largest distribution channel in the global market
- Throughout the forecast period, distribution of guar complex products through farmers will register fastest revenue growth at 4.6% CAGR
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