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.
Steady
Demand for Guar Gum, Guar Meal and Other Products
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.
Traders/Wholesalers
– Largest Distribution Channels for Guar Complex Products
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.
Leading
Producers of Guar Complex
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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