GUAR GUM MARKET ANALYSIS

Market News

Key Developments:

• In March 2019, VIKAS WSP Ltd, a leading manufacturer guar gum powder, had received approval for export of their DP guar gum products for utilization in fertilizer stabilizing applications.
• In December 2016, Ingredion Incorporated, a global leader in providing ingredient solutions, had acquired all the outstanding shares of TIC Gums Incorporated. TIC Gums is a U.S.-based company providing advanced texture systems for the F&B industry. TIC Gums had the right to use variety of agriculturally derived ingredients, such as guar gum, and acacia. These natural ingredients forms the foundation for innovative solutions while allowing clean-label reformulation.
• In September 2014, a member of the World Bank Group - IFC (International Finance Corporation), had invested $27.5 million in Lucid Colloids, India-based guar gum producer. This investment had supported the company’s expansion plans for setting up two guar splitting plants in Rajasthan, a R&D facility, and a guar gum plant in Gujarat.