The global export of mucilages and thickeners from locust bean and guar seeds is led by India, accounting for a significant share. However, India has seen a substantial year-on-year decrease of 10.73% in 2023. European countries like Spain and Italy have shown modest growth, with increases of 1.32% and 1.3% respectively. Emerging markets like Saudi Arabia and Serbia experienced significant growth, exceeding 8%. Notably, countries such as Japan and Bulgaria faced double-digit declines. Overall, the market is witnessing varying dynamics, with some developing countries showing promising growth rates.
Future trends to watch:
- Potential market shifts due to changing consumption patterns in the uses of mucilages and thickeners globally.
- The impact of economic recovery post-pandemic on production and export from major players like India.
- Increasing use in the food and beverage industry could drive demand in emerging markets.
- Technological advancements improving extraction and processing efficiencies could alter competitive dynamics.
Top countries in Export of Mucilages and Thickeners from Locust Bean and Guar Seeds Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 45.18 | 2023 | -11.45% | -10.73% | View data |
| 2 | 2 Spain | 17.2 | 2023 | +3.06% | +1.32% | View data |
| 3 | 3 Italy | 11.48 | 2023 | +3.6% | +1.3% | View data |
| 4 | 4 United States | 4.83 | 2023 | -5.15% | -5.73% | View data |
| 5 | 5 Pakistan | 3.65 | 2023 | -3.28% | -4.11% | View data |
| 6 | 6 Switzerland | 3.04 | 2023 | +3.12% | +3.79% | View data |
| 7 | 7 Germany | 2.89 | 2023 | -1.6% | -2.58% | View data |
| 8 | 8 Denmark | 2.69 | 2023 | +1.62% | +1% | View data |
| 9 | 9 Netherlands | 2.54 | 2023 | -2.41% | -2.71% | View data |
| 10 | 10 France | 1.81 | 2023 | +0.039% | -0.45% | View data |
