Gellan Gum Market Trends, Volume - Industry Analysis, And Outlook 2023 - 2030.

Gellan Gum Market is segmented By Product Type (High Acyl Content, Low Acyl Content), By Application (Food and Beverages, Cosmetics and Personal care, Industrial & household Purposes, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Gellan Gum Market  Overview

A report by DataM Intelligence estimates the Global Gellan Gum market to grow at a high CAGR during the forecast period 2023- 2030. Increasing demand for food-grade gellan gum is driving the market during the forecast period. This gum is commonly used in vegan foods because it’s produced from bacteria fermentation and not from any type of animal source. The competitive rivalry intensifies with CP Kelco, Meron Group., Fufeng Group, and others operating in the market.

Gellan Gum Market Scope

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Gellan Gum Market Dynamics

Growing end-user industries such as food & beverage, pharmaceuticals, cosmetics, and others are some of the major factors driving the global gellan gum market. It is owing to the ability of gellan gum to retain the elastic properties and structure of molecules thereby preventing a change in ingredients due to temperature fluctuations.

Also, the product is being extensively used as a substitute for locust bean gum, xanthan gum, and guar gum as binders and stabilizers in food products. Additionally, gellan gum can also be used as an alternative to gelatin in vegan food products and helps in preventing the melting of ingredients in desserts and ice-creams due to its superior properties such as transparent appearance, minimal viscosity, excellent flavor release, high pH tolerance, and shearing abilities. It also offers better stability, texture and holds to the product.

Gellan Gum Market Segmentation Analysis

Based on the type the global gellan gum market is broadly segmented as low acyl & high acyl gellan gum. High acyl gellan gum accounted for a significant market share and is predicted to grow at a higher CAGR in the forecast period. High acyl gellan gum is predominantly used in the food and beverage industry as it acts as a stabilizer, thickening agent, and emulsifier. The product is being increasingly used in combination with other stabilizers so as to manufacture a wide range of products such as – jelly, pudding, jam, confectionery, and desserts. 

Gellan Gum Market Geographical Growth

The global gellan gum market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific accounted for a significant market share and is expected to grow at a higher CAGR. It is attributed to the growth of the food and beverages market in this region. According to the World Trade Organization, the Asia Pacific food and beverage industry was worth US$ 3.23 trillion in 2016.

North America and Europe also account for a significant share of the global market, owing to its wide application scope in the end-user industry applications especially in the food beverage and pharma industries.

Gellan Gum Compnay and Competitive Landscape

Significant players of global gellan gum market are CP Kelco, Dancing Caixin Sugar Industry Co. Ltd., Meron Group, Hangzhou Gellan Solutions Biotec Co., Ltd., Zhejiang Tech-Way Biochemical Co., Ltd, Hebei Xinhe Biochemical Co., Ltd., Inner Mongolia Rainbow Biotech Co. Ltd., and others. CP Kelco is considered a prominent player in the gellan gum market. Few key strategies such as mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments, and other latest industrial developments are made by a majority of the players to maintain their position in the global gellan gum market.