Market Size of Europe Guar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 324.15 Billion |
| Market Size (2029) | USD 384.99 Billion |
| CAGR (2024 - 2029) | 3.50 % |
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Europe Guar Market Analysis
The Europe Guar Market size is estimated at USD 324.15 billion in 2024, and is expected to reach USD 384.99 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- Europe is the second-largest market for guar, guar seeds, and guar gum products globally, with Germany being one of the largest importers of guar gum in the region. The presence of numerous processing industries is the country that is one of the major drivers for Germany to be one of the largest importers of guar gum.
- Food processing industries such as dairy products, condiments & seasoning requirements, ice cream manufacturing, mineral water, and soft drinks production, are the major consumers of guar gum in the region. Additionally, the growing use of guar in animal feed is likely to drive the guar market in the European countries, including France, Italy, Denmark, and Spain.
