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| Global Gellan Gum Market Size |
Gellan Gum is a high molecular weight extracellular polysaccharide with wide
applications in food, pharmaceuticals and other industries as a gelling agent
and stabilizer. It acts as a texturizer and thickening agent and helps improve
the appearances of various food products.
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 12% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Increasing demand from the food industry has been a key growth driver for the
Gellan Gum market. It is widely used as an additive in products such as dairy,
confectionery, bakery, sauces and other convenience foods to improve texture
and appearance. Gellan gum works as an ideal stabilizer and texturizer across
numerous food applications at low concentration levels. Additionally, growing
preference for clean-label and vegan products has further bolstered the
adoption of Gellan gum as it is naturally derived and suitable for vegan food
formulations. Expansion of the global processed and packaged food industry is
expected to continue driving the demand for Gellan gum over the forecast
period.
Segment
Analysis
The global gellan gum market is dominated by the food and beverages
sub-segment. Gellan gum finds wide application in the food industry as a
gelling agent, stabilizer and thickener in various food products like dairy,
confectionery, desserts, beverages etc. It acts as an effective substitute for
gelatin in various vegan and vegetarian food products. The food and beverages sub-segment
accounted for around 60% of the global gellan gum market share in 2023 owing to
rising demand for clean label, vegan and gluten-free food products.
Key Takeaways
The Global
Gellan Gum Market Size is expected to witness high growth over the
forecast period of 2023 to 2030.
Regional
analysis shows that Asia Pacific region is expected to emerge as the fastest
growing as well as the dominating regional market during the forecast period.
The presence of major gellan gum producers along with rising health-conscious
population as well as increasing demand for convenience and packaged food
products aresome of the key factors driving the growth of gellan gum market in
Asia Pacific region.
Key players related content:
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. DSM is one of the leading gellan gum producers globally with wide
product portfolio and global sales and distribution network. CP Kelco is
another major player focusing on development of innovative gellan gum solutions
for various industrial applications.
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