If you are considering importing guar gum powder or gum arabic into Europe, you may want to check the demand and supply of guar gum in this region before you decide. Guar gum is a multi-functional product, which can be used in a wide range of applications.
Increasing Demand of Guar Gum Powder in European Market
Guar gum powder is a multifunctional product with various applications in several industries. It is widely used in the food industry, pharmaceutical industry, water treatment, oil & gas and cosmetics. Increasing demand for processed foods will drive the market.
The guar gum market is expected to witness significant growth in the next few years. Moreover, the increasing use of guar gum as fat substitutes in processed foods beverages will also fuel the market growth. In addition, the rising demand from the personal care products sector offers favorable growth opportunities.
The global guar gum market is segmented into four regions. North America, Europe, Asia Pacific and Rest of the World. Among the regions, the United States accounted for the largest share of the global guar gum market in terms of volume. However, the European market is expected to see substantial growth in the near future.
In Europe, the increasing demand for low-fat products is driving the growth of the guar gum market. Furthermore, the growing use of guar gum in the oil & gas industry is also a major contributor to the growth of the guar gum market.
Germany – A Major Importer of Guar Gum
Guar gum is a natural hydrocolloid derived from the endosperm of a guar plant. It is used in food processing and cosmetics. Various granulometries and viscosities of guar gum are available.
In Europe, Germany is a major importer of guar gum. The volume of imports in this region has grown over the past five years. Moreover, the processed food industry in the country is growing at a fast pace. This has pushed up the demand for guar gum.
Moreover, the growth of the animal feed manufacturing industry has contributed to the rise of guar gum demand in this region. The ice cream manufacturing industry is also a big consumer of guar gum.
The European guar gum market is expected to grow exponentially by the year 2026. Growth would be driven by the rising awareness among consumers about the use of guar gum. Demand for guar gum is estimated to increase at a CAGR of 7% over the next six years. There is a strong opportunity for exporters and traders to benefit from this growth.
Guar Gum Price Fluctuations – In Year 2022
Guar gum is widely used in the pharmaceutical, food, fracking, paper and textile industries. It has a high viscosity and is highly regarded as a thickening agent.
In the first quarter of 2022, guar gum prices showed a positive price trajectory. Demand was strong and supply was limited. However, in the second half of the quarter, the prices declined. This was due to the weak demand in the spot market.
Guar gum is used as a gelling agent and as a fat reduction agent. It is also beneficial in controlling colon cancer and diabetes.
It is widely used as an additive in bakery products for smoothness and moisture retention. Bakery products account for the largest share of the global guar gum market.
In the European market, guar gum is available at discounted prices. European importers are committed to providing natural ingredients and regulatory compliance. They have established logistics networks and storage facilities.
Guidelines for Exporting Guar Gum to the European Market
Guar gum is an essential ingredient in manufacturing good quality food products. It is often used to improve texture, density, and viscosity, and it can also be used to protect food from moisture.
Guar gum is used as an agar replacer, as an emulsifying agent, and in baking products. It is also used as a thickening agent, foam stabilizer, and film forming agent.
When exporting guar gum to the European market, it is important to consider certifications. These will help to justify the higher price you may need to charge. They will also give you credibility in the European market.
As well as being certified, you may want to consider meeting other guidelines. By following the European standards, you can increase the quality of your product.
Another way to ensure the quality of your gum is to package it in waterproof materials. This will prevent any contamination from seeping into the product.