The Gellan Gum Market is estimated to be valued at US$ 216.82 Mn or Million 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 neutral polysaccharide produced through the fermentation of Sphingomonas elodea bacteria. It acts as a gelling agent, stabilizer, and thickener in food & beverage products. It finds wide usage in dairy products, bakery & confectionery products, meat & poultry products, and other functional foods & beverages owing to its texturizing and stabilizing properties.
Market Dynamics:
Increasing Demand for clean label and natural ingredients in food industry: Consumers are increasingly preferring products with simple and natural ingredients lists. The clean label trend has led to a rise in demand for natural and minimally processed ingredients like gellan gum as thickeners and stabilizers. This is expected to drive the gellan gum market growth over the forecast period.
Growing Functional Food Industry: The growth of functional food industry is attributed to rising health consciousness among people and increasing prevalence of lifestyle diseases. Gellan gum helps developtexture and stability in various fortified beverages and food products. Thus, rising demand for functional foods and beverages is fueling market expansion.
Segment Analysis
The Global Gellan Gum Market Size is segmented into low-acyl, high-acyl, and hybrid gellan gum. Among these, the low-acyl segment dominates the global gellan gum market with over 70% share. Low-acyl gellan gum provides benefits such as better heat and shear stability compared to its counterparts. Hence, it finds widespread applications in food, personal care, and pharmaceutical industries.
PEST Analysis
Political: There are no significant political risks affecting the gellan gum market globally.
Economic: The growing GDP and disposable income in developing nations is driving the growth of end-use industries, which will augment the demand for gellan gum during the forecast period.
Social: Increasing health consciousness among consumers is fueling the demand for clean label and organic ingredients in food products. This is positively impacting the gellan gum market.
Technological: Manufacturers are investing in R&D to develop modified and value-added gellan gum variants with enhanced functionalities. This will help expand the application scope of gellan gum.
Key Takeaways
The global gellan gum market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing demand from the food industry. The growing awareness regarding health benefits of organic and clean label ingredients is driving the consumption of gellan gum in various food applications.
The Asia Pacific region dominates the global gellan gum market with over 40% share owing to strong demand from China, India, and other Southeast Asian countries. The growing food processing industry is fueling the adoption of gellan gum as a stabilizer, texturizer, and emulsifier in the region.
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 capacity expansions to strengthen their market positions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
