The global Gellan Gum Market is estimated to be valued at US$ 216.82 Mn or Mn in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Gellan gum is a polysaccharide used as a gelling, thickening and stabilizing agent in food and other applications. It helps improve texture, helps stabilize emulsions and improves shelf-life of foods. It finds wide application in bakery, confectionery, dairy, beverages, soups and other food products due to its ability to form strong thermo-reversible gels.
Market key trends:
One of the key trends in the Global Gellan Gum Market Size is its increasing use in the food service industry. The food service industry has been witnessing significant growth globally driven by rising disposable incomes, urbanization and preference for eating out. Gellan gum serves as a viable thickening and stabilizing agent for sauces, dressings and other products used in the food service segment. Its ability to maintain texture even at high temperatures makes it suitable for food service applications. This in turn is expected to significantly drive the demand for gellan gum over the forecast period.
Segment Analysis
The global gellan gum market is segmented into low-acyl gellan gum and high-acyl gellan gum. The low-acyl gellan gum segment dominates the market and accounts for around 60% of the overall market share. Low-acyl gellan gum exhibits excellent emulsion stability and texture improvement properties, which make it suitable for use in various food and beverage applications such as dairy products, desserts, confectionery, bakery products and beverages.
Key Takeaways
The global gellan gum market is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing demand from the food & beverage industry.
Regional analysis:
North America dominates the global gellan gum market, accounting for over 30% of the overall market share. Growth in the region is driven by increasing health awareness and demand for organic and natural ingredients in food products. Asia Pacific exhibits the fastest growth and is expected to witness a CAGR of around 13% during the forecast period. Rapidly growing food processing industry in countries like China and India supports the regional market growth.
Key players:
Key players operating in the gellan gum market are DSM, CP Kelco, H & A Canada Inc., Nanjing Joyfulchem Co., Ltd., Dancheng Caixin Sugar Industry Co. Ltd., Zhengzhou Cinogel Biotech Co., Ltd., Hangzhou Gellan Solutions Biotec Co., Ltd., DuPont, Hebei Xinhe Biochemical Co. Ltd, and Nutricorn Co., Limited. These players are focusing on new product launches and expansion of their geographic presence to strengthen their market position.
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