Guar Gum Powder is one of the most valuable ingredients in your kitchen. It helps in maintaining the health of your body. Among other benefits, it is also a good antioxidant. Therefore, its demand and supply in Australia has increased rapidly over the past few years. As such, there are many opportunities for investors in this field.
What is the Market Growth of Guar Gum in Australia?
Guar Gum Powder is a product that is manufactured by extracting the seed of the guar plant (Cyamopsis tetragonoloba) from its outer husk and endosperm. The outer husk contains protein and germ, while the endosperm consists of galactomannan.
The seed is hydrated and then milled and screened. Aside from the guar kernel, the outer fibrous portions are also separated. The resulting guar gum is used for thickening purposes, printing pastes, warp sizing, and as a binder for tablets.
The guar plant is mainly grown in India. Countries like Thailand and China are also attempting to cultivate guar.
The demand for guar gum powder in Australia is expected to increase in the coming years. In the forecast period, it is expected to reach US$ 1.5 billion by 2029. This growth is attributed to the rising population, increasing disposable incomes, and favorable socio-economic factors.
Guar Gum powder is widely used in food industries, including frozen food products, beverages, and bakery products. It is also used in pharmaceutical and personal care industries as a disintegrating agent and binder.
What is the Demand of Growth of Guar Gum in Asia-Pacific?
Guar gum is a natural hydrocolloid that is used as a water-barrier, sizing agent and thickening agent. It is also an emulsifier, preventing ice crystallization. In the food industry, it is used as a fat replacer in convenience foods. Guar gum is also used in the pharmaceutical industry.
The market is dominated by North America. Increasing demand from the oil and gas industry and the food processing sector are contributing to its growth. Other factors are increasing disposable income and awareness of the weight-loss properties of guar gum.
Asia-Pacific is expected to experience an increased demand for guar gum. Rapid urbanization, rising population and increasing consumption of processed food are expected to drive the market. Moreover, a large availability of natural resources in this region is further expected to boost the market.
Europe is another major market for guar gum. Increasing use of industrial grade guar gum in various applications is expected to provide lucrative opportunities for growth in this region. Furthermore, exploration drilling in Europe is expected to contribute to product demand.
Guar Gum Powder Application in Australia
Guar gum powder is widely used in personal care, food, and pharmaceutical industries. It is derived from the ground endosperm of the guar plant. The plant is cultivated in several parts of the world including India, Pakistan, Sri Lanka, South Africa, Indonesia, and Brazil.
Guar gum is a multifunctional product with many applications in industries such as oil and gas, hydraulic fracturing, food and beverage, mining, mud drilling, and construction. Increasing awareness of guar gum’s benefits and weight loss properties, especially in the food and beverage sector, is driving market growth of Australia.
Increased consumption of processed foods is also accelerating the growth of the guar gum powder industry in the Australian region..
Moreover, the rising demand for industrial grade guar gum products is expected to drive the market in the forecast period. Industrial-grade guar gum products are used in various industrial applications such as water-barrier, surfactant, and deformer.
The Bottom Line
Guar Gum is a natural agrochemical, extracted from the endosperm of the cluster bean. It is commonly used as a thickening agent, stabilizer, lubricant and texturing agent. Aside from food applications, guar gum is also used as an additive in various industries, including pharmaceuticals and cosmetics. In addition, it has a number of health benefits.
Increasing demand for functional foods and changing eating habits are driving the demand for food-grade guar gum. In the next five years, the market is projected to register 7.40% CAGR.
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