Gellan Gum Market Report offers in-depth insights, revenue details, and other vital information regarding the global gellan gum market, and the various trends, drivers, restraints, opportunities, and threats in the target market.
The Gellan Gum Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global gellan gum market report has been segmented on the basis of product type, application, and region.
Gellan Gum Market Overview:
Gellan Gum Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Gellan gum is an extracellular polysaccharide secreted by the micro-organism Sphingomonas elodea. It is manufactured by the fermentation process. Gellan gum is available in two types low acyl and high acyl. Both gums function differently in terms of texture, gelation, hydration, and stability.
Gellan Gum Market Dynamics:
Rising demand for gellan gum in various dairy-based products as a substitute for hydrocolloids is a major factor expected to drive revenue growth of the gellan gum market over the forecast period.
Moreover, the growing food & beverage industry in developing economies such as India and China is expected to support the revenue growth of the target market. Furthermore, rising demand for processed food in developed countries is another factor expected to drive revenue growth of the target market over the forecast period.
However, stringent regulations related to the consumption of gellan gum are expected to restrain the revenue growth of the market over the forecast period.
Gellan Gum Market Product Type Insights:
On the basis of product type, the high acyl gellan gum segment is expected to account for a major revenue share in the global gellan gum market. Rising demand for high acyl gellan gum in the food and beverage industry for texture is expected to support revenue growth of this segment over the forecast period.
Gellan Gum Market Application Insights:
On the basis of application, the food & beverage segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period.
Rising demand for gellan gum as an alternative to hydrocolloids such as carrageenan gum in various protein drinks, dairy products, and other beverages is a major factor expected to drive revenue growth of this segment over the forecast period.
Gellan Gum Market Regional Insights:
Asia Pacific market is expected to account for a major revenue share in the global gellan gum market and is expected to maintain its dominance over the forecast period.
Increasing demand for gellan gum from the food and pharmaceutical industries is expected to drive revenue growth in the Asia Pacific gellan gum market.
Moreover, the growing beverage industry in the region owing to increasing disposable income coupled with changing consumer preferences are other factors expected to drive revenue growth of the Asia Pacific gellan gum market over the forecast period.
The Asia Pacific accounts for the major revenue share of the global gellan gum market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. The Europe gellan gum market is expected to grow at a steady rate over the forecast period.
The growing food processing industry in the region is expected to drive revenue growth in the target market over the forecast period.
Market Segmentation and Key Players Operating in the Global Gellan Gum Market:
By Product Type:
- High Acyl Gellan Gum
- Low Acyl Gellan Gum
- Food & Beverages
- Personal Care
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Biopolymer International
- Koninklijke DSM N.V.
- Xinjiang Fufeng Biotechnologies Co. Ltd.
- CP Kelco
- Nanjing Joyfulchem Co., Ltd.
- IHC Chempharm GmbH
- Dancheng Caixin Sugar Industry Co. Ltd.
- Meron Group
- Hangzhou Gellan Solutions Biotec Co., Ltd.
- Hebei Xinhe Biochemical Co., Ltd.
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