Guar Gum Price Trend

Guar Gum Prices December 2023

The price of guar gum in the USA in the fourth quarter of 2023 reached 1880 USD/MT, reflecting an average quarterly decline of 1.91%. The global economy witnessed uncertainties, such as rising inflation, thus impacting market dynamics and pricing trends. In addition, the Federal Reserve implemented successive interest rate hikes that led to gradual economic growth and minimized corporate profits.

The price trend for guar gum in China reached 1530 USD/MT in Q4 of 2023, with an average quarterly decrease of 2.24%. The market faced several challenges due to a weakened and consolidated market. Guar gum producers implemented drastic measures to clear inventory and navigate the challenging market conditions, leading to a downward trend in prices.

In Q4 of 2023, Netherlands’s guar gum prices reached 1720 USD/MT, observing an average quarterly decline of 1.48%. The market showed a decrease in gaur seed prices on account of declining demand. 

Guar Gum Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Guar Gum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of guar gum pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of guar gum at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of guar gum price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing guar gum price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Guar Gum Market Analysis

The global guar gum market size reached US$ 1.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.9 Billion, at a projected CAGR of 5.10% during 2023-2032.

• In the food and beverage (F&B) sector, guar gum is used as a stabilizer, emulsifier, and thickener in various food products, such as ice creams, sauces, yogurt, kefir, pudding, soup, gluten-free baked goods, cheese, and breakfast cereals. It improves texture and consistency while extending the shelf life of food items. It minimizes the amount of oil absorbed by the food items during frying. It is beneficial in replacing fat and increasing firmness in cakes, muffins, or puddings. Besides this, the escalating demand for guar gum owing to the rising consumption of convenience food products, coupled with preferences for natural and organic ingredients, is positively influencing the market. There is an increase in the consumption of ready-to-eat (RTE) goods among people with busy lifestyles. The IMARC Group states that the global ready to eat (RTE) food market is anticipated to grow to US$ 262.4 Billion in 2032.
• There is a rise in the employment of guar gum in various cosmetic products, such as soaps, shower gels, conditioners, lipsticks, creams, and gels. It acts as an emulsifying and stabilizing agent in these products. It is beneficial in increasing the viscosity of the product and preventing water loss while extending the shelf life of personal care products. It is used in hair care and skin care products owing to its enhanced moisturizing properties. In shampoos, conditioners, and other hair care products, it creates a protective layer for environmental pollution. People are focusing on maintaining health and hygiene due to their changing living standards, thereby catalyzing the demand for guar gum-based cosmetic items.
• Guar gum is a natural product, which makes it a popular choice among health and eco-conscious individuals seeking clean-label ingredients in various formulations.
• The guar gum demand is further propelled by its utilization in the pharmaceutical sector as a binder and disintegrating agent. It benefits in ensuring uniform distribution of active pharmaceutical ingredients (APIs) and enhances product stability.

Guar Gum News

The report covers the latest developments, updates, and trends impacting the global guar gum market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in guar gum production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the guar gum price trend.

Latest developments in the guar gum industry:

• In 2 November 2021, Nexira acquired the Swiss company Unipektin Ingredients AG, which is a specialist in natural hydrocolloids and premium ingredients. The Unipektin product range includes specific grades of hydrolyzed guar gum, tara gum, and beet fiber. This acquisition is expected to make the company a key player in natural plant-based ingredients.
• In 5 April 2022, Solvay declared that P&G Beauty joined its sustainable guar initiative (SGI), which aimed at developing sustainable guar production in the Bikaner desert district of Rajasthan, India.

Product Description

Guar gum is derived from the seeds of the drought-tolerant plant Cyamopsis Tetragonoloba, a member of Leguminosae family. It improves satiety and reduces the number of calories consumed from snacking throughout the day. It assists in improving blood sugar levels while reducing bad cholesterol levels among individuals. 

Guar gum benefits in normalizing the moisture content of the stool. It acts as a prebiotic by promoting the growth of good bacteria and lowering the growth of harmful bacteria in the gut. It is beneficial in lowering the amount of cholesterol and sugar that is absorbed in the gut of individuals. 

In line with this, guar gum is widely employed in the textile, food and beverage (F&B), pharmaceuticals, and personal care sectors. 

Regional Coverage

The report provides a detailed analysis of the guar gum market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the guar gum price trend.

Global Guar Gum Price

The report offers a holistic view of the global guar gum pricing trends in the form of guar gum price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of guar gum but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed guar gum demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Guar Gum Price

The guar gum market in the European region showcased a consistent decrease in guar seed prices due to lowered demand. Rising inflation and concerns about a potential recession resulted in a decline in stock prices. Besides this, the Federal Reserve implemented successive interest rate hikes, which led to gradual economic growth and minimized corporate profits. Furthermore, fluctuations in prices were observed in the middle of the Q4, driven by supply chain disruptions.

This analysis can be extended to include detailed guar gum price information for a comprehensive list of countries.

North America Guar Gum Price

The guar gum market in the North America region was influenced by various factors. The global economy faced several uncertainties, such as escalating inflation and apprehensions about a potential recession, which caused a decline in stock prices. Apart from this, the Federal Reserve implemented successive interest rate hikes, leading a slower economic growth and weakened corporate profits. The last month of the Q4 observed a decline in guar seeds prices on account of lowered demand.

Specific guar gum historical data within the United States and Canada can also be provided.

Middle East and Africa Guar Gum Price

The report explores the guar gum pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on guar gum prices for countries can also be provided.

Asia Pacific Guar Gum Price

The guar gum pricing in the Asia Pacific region faced various challenges in Q4 of 2023, owing to a decrease in orders from both regional and international markets. Additionally, there was an excess stock of guar gum that encouraged producers to implement drastic measures to clear inventory, leading to a downward trend in prices. Furthermore, the tight supply situation with low to moderate levels of inventory contributed to the increased prices towards the end of the quarter.

This guar gum price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Guar Gum Price

The analysis of guar gum prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of guar gum pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting guar gum price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The guar gum price charts ensure our clients remain at the forefront of the industry.