Market Trends of Guar Industry
High Demand by End Users
- Guar gum, a versatile product derived from the guar plant, finds applications across various industries, including food and beverages, oil and gas, pharmaceuticals, cosmetics, and textiles. Its properties as a thickener, binder, emulsifier, and stabilizer enhance its value. These global industries import guar beans from countries like India, Fiji, and Singapore to meet their needs.
- Countries like the United States and Russia drive the primary demand for guar gum due to their oil fields that support the petroleum industry and food industries that use guar in their products. For example, data from ITC Trade Map indicated that in 2023, the United States topped global imports of guar with 53,817.6 metric tons, trailed by Russia with 32,299.2 metric tons.
- Europe ranks the world's second-largest market for guar, guar seeds, and guar gum products. Germany stands out as a leading importer of guar gum. The country's robust processing industry significantly fuels this import demand. In 2023, Germany imported 21,174.4 metric tons, ranking as the third-largest importer according to ITC Trade Map.
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Asia-Pacific Dominates Global Production
- Asia-Pacific leads the world in guar production, with India at the forefront. India and Pakistan account for over 95% of global guar gum production. While the harvested area for guar in India has remained consistent for nearly a decade, production has surged, driven by enhanced productivity. For instance, in 2023, according to ITC Trade Map, India ranked top in exports in terms of value with USD 320,980.8, Spain ranked second with USD 124,410.4, and Italy ranked third with USD 112,969. Spain uses advanced technology in the processing of guar gum powder to increase its usability. Currently, India exports guar gum to over 90 countries. This robust export activity solidifies the Asia-Pacific's position as the leading producer and exporter of guar gum during the study period.
- In India, Rajasthan and Gujarat are prominent in guar bean cultivation. Data from state governments indicate that Rajasthan dedicates 2,799,489 ha to guar cultivation, while Gujarat uses 103,243 ha. Thus, with a total sowing area of 2,902,732 ha in 2023, India stood as the world's largest producer of guar.
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