The gellan gum market is an important industry that produces gelling and thickening agents for use in varied applications such as food, cosmetics, healthcare and pharmaceutical industries. Gellan gum is a high-molecular-weight extracellular polysaccharide that is produced by the fermentation of Sphingomonas elodea bacteria. It has viscous and gelling properties and is used for thickening, stabilization and texturizing in products ranging from dairy, confectionery and bakery to cosmetics, personal care and medical applications.
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of the gellan gum market is its rising usage in the food industry. Gellan gum is commonly used as a thickener, stabilizer and emulsifier in various food products. It is widely utilized in dairy items like yogurt, cream cheese, sour cream and processed cheese. It also finds application in confectionery products like gummies and chewy candies where it acts as a gelling agent. The beverage industry employs gellan gum for suspending active ingredients and preventing sedimentation in protein drinks, smoothies and juices. Furthermore, gellan gum has excellent syneresis control which has increased its demand from prepared and frozen food manufacturers. Its ability to form thermoreversible gels makes it suitable for use in vegan cheese, sauces and dressings. The widespread use of gellan gum across different food verticals is expected to propel market growth over the forecast period.
SWOT Analysis
Strength: Gellan gum has high viscosity, gelling ability and stability over a wide range of pH and temperatures. These properties make it suitable for wide range of food applications.
Weakness: Gellan gum production requires specific fermentation process which leads to higher production costs compared to other hydrocolloids. The regulated usage of gellan gum in food products also limits its applications.
Opportunity: Increasing demand for clean label, vegan and plant-based ingredients from food industries and consumers presents an opportunity for gellan gum. Growing awareness about health benefits of dietary fibers further expands its scope.
Threats: Presence of substitutes like xanthan gum, carrageenan and others poses threat to the gellan gum market. Stringent food safety regulations in some countries can also negatively impact the market.
Key Takeaways
The global gellan gum market size is expected to witness high growth over the forecast period. 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 2023-2030.
The Asia Pacific region currently dominates the market and is projected to maintain its leading position throughout 2023-2030. Key factors contributing to the largest share of Asia Pacific include growing food processing industries, large population, and increasing health consciousness among consumers in countries like China, India, and Japan.
China accounts for the major share owing to huge production and consumption of gellan gum. India is projected to be the fastest growing country due to expanding food and beverage industry. North America and Europe are also significant markets driven by usage of clean label and vegan ingredients in various food applications.
Key players related content comprises- 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 manufactures focus on new product development and capacity expansion to strengthen their presence across major regions.
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