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.
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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.
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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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