July 17, 2024

The Global Gellan Gum Market Is Estimated To Propelled By Rising Demand In Food Industry

Gellan gum is a high-molecular-weight anionic polysaccharide which is extracted from the fermentation of Sphingomonas elodea bacteria. It has great emulsifying, thickening and gelling properties and is widely used in food, beverages, personal care products and pharmaceuticals to improve texture.

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:

The increasing demand for gellan gum from the food industry has emerged as a key trend shaping the growth of the global gellan gum market over the forecast period. Gellan gum is increasingly being used as a thickening, gelling and stabilizing agent in various food products like dairy, bakery, confectionery, beverages and prepared mixes. The unique properties of gellan gum allow processors to produce novel food textures while meeting label-friendly and clean label demands of health-conscious consumers. This growing utilization of gellan gum as a food additive is expected to drive the global gellan gum market during the forecast period.

SWOT Analysis

Strength: Gellan gum has excellent gelling, thickening and stabilizing properties which makes it suitable for use in food, cosmetics and pharmaceutical industries. It has high tolerance to acidic pH and thermal stability.

Weakness: Gellan gum production process involves fermentation which increases the cost of production. The gum may degrade or dissolve under certain conditions of high temperature, low pH or high salt concentrations limiting its applications.

Opportunity: Increasing demand for clean label, vegetarian and vegan products is driving the demand for gellan gum as emulsifier and stabilizer in food industry. Growth of cosmetic and personal care industry especially in emerging economies offers growth opportunities.

Threats: Availability of substitute products like xanthan gum, guar gum and locust bean gum poses threat. Stringent food safety regulations can increase compliance cost for gellan gum producers.

Key Takeaways

The Global Gellan Gum Market Size is expected to witness high growth at a CAGR of 12% during the forecast period of 2023 to 2030.

The Asia Pacific region dominates the global gellan gum market and is expected to grow the fastest during the forecast period. This is attributed to growth of food processing industries in countries like China, India and Southeast Asian countries. North America and Europe are other major consumers of gellan gum.

Key players

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. DSM and CP Kelco are the prominent gellan gum manufacturers globally.

Key players are focusing on capacity expansion to cater to increasing demand for gellan gum in applications like dairy, bakery, confectionery and personal care products. Companies are also investing in R&D to develop low acyl gellan gum variants for specific applications. Partnerships with end use industries is another strategy adopted by players.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it