The global demand for processed foods and beverages is rapidly increasing due to the rapidly growing urban population. These days, consumers prefer to eat processed foods. Food processing is one of India’s most important industries in terms of consumption, production, growth, and export. The food processing industry in India primarily exports processed vegetables and fruits. Guar is India’s second most exported commodity, according to NIAM. In the global guar gum and guar market trade, India is a major player. Guar is a type of annual legume that produces guar meal and guar gum. Due to its numerous applications, guar gum is in high demand across a wide range of industries.
Due to rising demand from the food, animal feed, pharmaceuticals, nutrition, paper, mining, and oil drilling industries, the guar market is growing with each passing year. Gaur beans are an excellent source of forage for cattle, and the plants are used as green manure. Gaur is also used as a vegetable due to its nutritional value. Guar gum is made from guar seeds that have been dehusked, milled, and screened. Guar gum has a lot of interesting properties.
Global Guar Gum and Guar Market: Key Players
Some of the key players in the global guar gum & guar market are
- Agro Gums
- Hindustan Gums Chemicals Ltd.
- Vasundhara Industries
- Cargill Inc.
- Shree Ram Industries, India Glycols Ltd.
- Vikas WSP Ltd. and Many More…
Global Guar Market Segmentation
On the basis of products, the global Guar market has been segmented into:
- Guar Splits
- Guar Gum
- Guar Meal
On the basis of end-use industry, the global Guar market has been segmented into:
- Food and Beverages
- Animal Feed
- Oil and gas
On the basis function, the global Guar market has been segmented into:
- Binding agent
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