Key
properties of produce made of guar complex plant in reducing serum
cholesterol after consumption continues to propel their applications
in a range of industries, from pharmaceuticals to food &
beverage. Drugs developed on guar complex are being widely used by
diabetics for their abilities in positively affecting blood glucose
level. In the wellness industry, the demand for guar complex products
is surging on the grounds of their role in the promoting weight loss.
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However,
scientific studies conducted across esteemed global organizations
reveal the adverse interactions of consuming guar complex products.
From causing gastrointestinal blockage to lowering the presence of
metformin serum concentrations in the blood, the consumption of guar
complex products is becoming an emerging health concern for
consumers. In the view of such factors and many more, the overall
demand for guar complex across the globe will continue to witness a
steady traction. A recently published report by Transparency Market
Research reveals that by the end of 2026, over US$ 1.7 Bn worth of
guar complex products will be sold globally. The report, which
provides detailed analysis and insightful forecast on the expansion
of the global guar complex market for the assessment period,
2017-2026, however, projects that the market will expand at a
sluggish CAGR of 2.6% during the forecast period.
According
to the analysis developed in the report, the global guar complex
market will witness a steady revenue growth from sales of three
product-type categories, namely – guar gum, guar meal, and others.
Through 2026, the revenues procured from the global sales of these
segments will reflect a similar CAGR of 2.6%. Meanwhile, the
top-selling product in the global guar complex market is poised to be
the seeds of guar complex. In 2017, more than US$ 600 Mn worth of
guar seeds will be sold in the global market.
On
the basis of end-use industries, the reports projects that guar
complex products sold in fracking business across the globe will
account for around half of the global market value in 2017 and
beyond. However, the demand for guar complex in direct consumption
industries will witness a relatively healthy growth towards the end
of the forecast period. The report also projects that pharmaceuticals
will be the fastest-growing end-user industry in the global guar
complex market. Over the forecast period, pharmaceutical
end-use of guar complex is anticipated to reflect a global CAGR of
5.3%.
In
majority of applications, guar complex products are used in bulk
quantities. To facilitate voluminous supply of guar complex products,
traders or wholesalers are being widely observed as a convenient and
profitable distribution channel. In 2017, over two-fifth of the
revenues being procured in the global guar complex market will be
accounted by their distribution through traders or wholesalers.
The
report has profiled leading producers of guar complex in the global
market. A majority of players in the global guar complex market are
expected to remain focused on increasing the production capacities to
cater to the brimming demand across food & beverage applications.
Companies namely, Vikas WSP, Jai Bharat Gum, Shree Ram Gum, Hindustan
Gums, Cargill Inc., Ashland Inc., Lucid Group, India Glycols Ltd.,
Supreme Gums Pvt. Ltd., Lamberti, and Rama industries are likely to
spearhead the global guar complex market in terms of production.
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