Introduction
Project report for Guar gum powder is as follows.
Guar gum’s multifunctional characteristics and more significant health consciousness among Indian customers boost the market’s rise in the country. The food, oil and gas, and pharmaceutical industries are all using guar gum more and more. As a binding agent, thickening, stabilizer, and gelling agent, it serves various purposes. Consumers in India are becoming more conscious of the importance of health and nutrition, which has led to a surge in demand for natural and organic goods like guar gum.
As a galactomannan polysaccharide, guar gum, or guarana, may be used to thicken and stabilize many foodstuffs as well as feed and industrial products. Dehusking, drying, milling, and screening are performed on the guar seeds depending on their intended use. Off-white, free-flowing powders are the most common form.
It is produced for seed, green fodder, vegetables, and green manuring. Powdered guar gum has a fine texture, thickening capacity, and solubility in both cold and hot water. For oil and natural gas extraction from tight rock formations, drilling companies employ guar gum powder to boost water viscosity.
Market potential & Strategy
From 2017 to 2022, the guar gum market is expected to develop at a CAGR of 7.9 percent to reach an estimated INR 870 Crores. Guar gum expanding use is fueling the market’s expansion, partly because of the growing interest among consumers regarding the health benefits of certain foods. The food, oil and gas, and pharmaceutical industries are all using guar gum more and more. As a binding agent, thickening, stabilizer, and gelling agent, it serves various purposes.
The pharmaceutical industry’s increasing use of its products is projected to be a primary driver of the overall market’s expansion. Guar gum powder is in high demand due to its numerous uses in the culinary business, including confections, drinks, baked goods, and frozen meals. Guar gum powder’s demand increases as disposable incomes rise and organic food consumption becomes more popular among consumers.
The pharmaceutical industry utilizes this as a disintegrator and binder in tablet and capsule formulations. Additionally, cosmetics and personal care items such as liquid soap and conditioner may be made using this method. The increased productivity of numerous oil rigs, notably in the United States, has also been aided by shale gas production technology improvements.