Gellan gum is an anionic polysaccharide primarily used as gelling, thickening, and stabilizing agents in various food, beverages, and pharmaceutical products. Gellan gum can be used as vegan-friendly replacement for animal-based gelatin and improves product texture and stability. The global gellan gum market demand is primarily driven by shifting consumer preferences towards plant-based vegan food products over animal-derived ingredients.
The global Gellan Gum Market is estimated to be valued at US$ 216.82 Mn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The key driver for this industry is the increasing demand for plant-based and vegan food products among health-conscious consumers. As the awareness regarding health benefits of consuming vegan products is rising, many food product manufacturers are replacing gelatin with gellan gum in various food products like yogurt, desserts, bakery items, etc. Gellan gum gel provides stability and texture in these vegan substitutes comparable to gelatin. It is expected that with increasing vegan population worldwide, the demand for gellan gum with its usage versatility will continue growing steadily over the next decade.
Segment Analysis
The global gellan gum market is dominated by the high acyl segment. The high acyl variant of gellan gum offers several advantages over other sub-segments. As a gelling agent high acyl gellan gum can form firm, elastic gels even at low concentrations and temperatures. This makes it ideal for applications requiring a stable, solid gel. The ease of use and superior gelling properties of high acyl gellan gum have boosted its adoption in food, personal care and other industries.
Key Takeaways
The global Gellan Gum is an anionic polysaccharide primarily used as gelling, thickening, and stabilizing agents in various food, beverages, and pharmaceutical products. Gellan gum can be used as vegan-friendly replacement for animal-based gelatin and improves product texture and stability. The global gellan gum market demand is primarily driven by shifting consumer preferences towards plant-based vegan food products over animal-derived ingredients.
The global Gellan Gum Market is estimated to be valued at US$ 216.82 Mn in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key driver for this industry is the increasing demand for plant-based and vegan food products among health-conscious consumers. As the awareness regarding health benefits of consuming vegan products is rising, many food product manufacturers are replacing gelatin with gellan gum in various food products like yogurt, desserts, bakery items, etc. Gellan gum gel provides stability and texture in these vegan substitutes comparable to gelatin. It is expected that with increasing vegan population worldwide, the demand for gellan gum with its usage versatility will continue growing steadily over the next decade.
Segment Analysis
The global gellan gum market is dominated by the high acyl segment. The high acyl variant of gellan gum offers several advantages over other sub-segments. As a gelling agent high acyl gellan gum can form firm, elastic gels even at low concentrations and temperatures. This makes it ideal for applications requiring a stable, solid gel. The ease of use and superior gelling properties of high acyl gellan gum have boosted its adoption in food, personal care and other industries.
Key Takeaways
The global Gellan Gum Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to reach a size of US$ 216.82 Mn by 2023.
Regional analysis: Asia Pacific dominates the global gellan gum market and is expected to maintain its lead through 2030. Countries like China, India and Japan are major consumers and producers of gellan gum in the region. Wide availability and cheaper production costs compared to other regions drive the Asia Pacific market.
Key players: Key players operating in the gellan gum market include AT&T Inc., Verizon Communications Inc., NTT Communications Corporation, China Telecom Corporation Limited, Deutsche Telekom AG, British Telecommunications plc (BT), Orange S.A., Telefonica S.A., Sprint Corporation (now part of T-Mobile), CenturyLink (now rebranded as Lumen Technologies), Vodafone Group plc, SoftBank Group Corp., Level 3 Communications, Telstra Corporation Limited, Tata Communications Limited. AT&T Inc. and Verizon Communication Inc. are the largest players in terms of sales and market share.
Get More Insights On This Topic: https://www.newsanalyticspro.com/gellan-gum-market-is-estimated-to-driven-by-increasing-demand/
26th September, 2018 - Gellan Gum Market is directly used in food and beverages produced by culturing bacteria.
It is a food ingredient mainly a water soluble polysaccharide prepared by fermenting the microbes.
Gellan gum was discovered and developed as a commercial bio gum product by Kelco, a division of Merck & Co.
It was experimented as a food additive in Japan for the first time and since then it has been subsequently approved for food, cosmetic, pharmaceutical industry.
Its wide use consists of thickener, stabilizer and emulsifier.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/gellan-gum-market/request-sampleGellan gum serves as an alternative to several thickeners and stabilizers that are used while preparing food and it does not modify color and taste of food plus it is used in small quantities as an anti-settling agent.
It can be used in religious rituals owing to its vegan nature plus it can be also used in low-calorie products.
ResearchForetell has published a report entitled Global Gellan Gum Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players.
The report is based on a collective analysis of data, which is obtained through primary and secondary research.
It provides a systematic approach to the current and prospective scenario of this market.Request sample copy of this report at https://www.researchforetell.com/reports/42734/gellan-gum-market---global-outlook-and-forecast-2021-2027/requestThis report contains market size and forecasts of Gellan Gum in global, including the following market information:Global Gellan Gum Market Revenue, 2016-2021, 2022-2027, ($ millions)Global Gellan Gum Market Sales, 2016-2021, 2022-2027, (MT)Global top five Gellan Gum companies in 2020 (%)The global Gellan Gum market was valued at 446.4 million in 2020 and is projected to reach US$ 536.2 million by 2027, at a CAGR of 4.7% during the forecast period.MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gellan Gum manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.Total Market by Segment:Global Gellan Gum Market, By Type, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Gellan Gum Market Segment Percentages, By Type, 2020 (%) Low Acyl Gellan Gum High Acyl Gellan GumGlobal Gellan Gum Market, By Application, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Gellan Gum Market Segment Percentages, By Application, 2020 (%) Food Additives Industry Daily-Chemical Industry Pharmaceutical Industry OthersGlobal Gellan Gum Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Gellan Gum Market Segment Percentages, By Region and Country, 2020 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & AfricaCompetitor AnalysisThe report also provides analysis of leading market participants including:Key companies Gellan Gum revenues in global market, 2016-2021 (Estimated), ($ millions)Key companies Gellan Gum revenues share in global market, 2020 (%)Key companies Gellan Gum sales in global market, 2016-2021 (Estimated), (MT)Key companies Gellan Gum sales share in global market, 2020 (%)Further, the report presents profiles of competitors in the market, key players include: CP Kelco Dancheng Caixin Tech-Way Biochemical Fufeng Group DSM Zhongken Hebei Xinhe Inner Mongolia Rainbow Biotech TeejoyThe report collects relevant data in a method that allows readers to understand individual elements and their interactions in the current market scenario.
It focuses on the necessary modifications for new and existing businesses to evolve and adapt to future trends in this market.
In addition, it helps the reader to identify salient features of the Global Gellan Gum Market Research Report 2021 and provides sufficient statistical data to understand its operation.
It also examines possible deficiencies along with the problems encountered by new and predominant companies.To conclude, this Gellan Gum Market report covers all the necessary financial, economic and social factors relevant to the industry enhancing the reader with the information required to make an informed decision.The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
