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lina gupta
on August 16, 2023
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Research Nester assesses the growth of India guar gum market over the forecast period, i.e., 2023-2035 and evaluates its future prospects. Growing demand for convenience food owing to the growing working population in India to boost market growth.
New York – February 21, 2023 - Research Nester’s recent market research analysis on “India Guar Gum Market: Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the India guar gum market in terms of market segmentation by grade, form, function, and by end-use.
Growing Prevalence of Obesity Among People to Boost Growth of India Guar Gum Market
The India guar gum market is anticipated to boost on account of rising prevalence of obesity among people. 40.3% of people in India are obese. South had the most zonal variance (46.51%), while the east had the least variation (32.96%). Obesity rates were greater in urban than rural areas (44.17% vs. 36.08%), among women than men (41.88% vs. 38.67%), and among people over 40 (45.81% vs. 34.58%). Guar gum demand is expected to increase as a result. Guar gum may help with appetite suppression and weight loss, according to certain research. As fibre is typically not digested by the body, it may make people feel fuller on fewer calories. Also, people's desire has grown along with their understanding of their health. Guar gum is increasingly popular among people who are worried about their health since it is also non-toxic.
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There are other products on the market that could take the place of guar gum. The compounds that are most frequently employed as thickeners, stabilizers, or dispersants are starch, clear star, cassia Tora, and carboxymethylcellulose and carboxymethyl-hydroxyethyl cellulose-based gum. Locust bean gum and xanthan gum, which are used in a range of beverages, dips, sauces, soup bases, and fresh and frozen baked goods, are two notable substitutes or alternatives to guar gum. Tamarind kernel powder has largely replaced guar gum in the textile industry, and cassia tora is doing the same in pet food and textiles.
On the basis of form, the India guar gum market is segmented into solution/liquid guar gum and guar gum powder. Amongst these segments, the solution/liquid guar gum segment is expected to grow at the largest CAGR of 8.03% over the forecast period. The growth of the segment is attributed by growing preference of people for health centric beverage products owing to rise in health conscious people.
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This report also provides the existing competitive scenario of some of the key players of the India guar gum market which includes company profiling of Nuevo Polymers Pvt. Ltd., Hindustan Gum & Chemicals Limited (Hichem), Vikas WSP Limited, Sunita Hydrocolloids Pvt. Ltd., Vasundhara Gums and Chemicals, Lotus Gums & Chemicals, Rama Gum Industries Limited, Dabur India Limited, India Glycols Limited, Neelkanth Polymers, Premcem Gums Pvt. Ltd., Jai Bharat Gum & Chemicals Ltd., Chimique India Ltd., and others.
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