June 16, 2024
Gellan Gum Market

Gellan Gum Market Estimated To Witness High Growth Owing To Increasing Usage In Food Industry

The gellan gum market is gaining traction due to increased usage of gellan gum in the food and beverage industry. Gellan gum is primarily used as a gelling agent and substitute for gelatin in various food products. It offers advantages like clarity, stability, and tolerance to high heat. The growing demand for clean label food products is boosting the application of gellan gum in foods such as desserts, dairy products, bakery products, beverages, confectionery, and others.

The global gellan gum market is estimated to be valued at US$ 249.78 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players: Key players operating in the gellan gum market are China National Bluestar (Group) Co. Ltd, DuPont, Hebei Silicon Valley Chemical Co Ltd, Huvis, Hyosung, Kermel, Kolon Industries Inc., Shenma Industrial Co. Ltd, Sinopec Yizheng Chemical Fibre Limited Liability Company, Suzhou Zhaoda Specially Fiber Technical Co.,Ltd., Teijin Limited, Toray Industries Inc., Wuxi, Heshengyuan Carbon Fiber Technology Co. Ltd, X-FIPER New Material Co. Ltd, Xiamen Chao Yu Environmental Protection Technology Co. Ltd, and Yantai Tayho Advanced Materials Co. Ltd

Key opportunities: The growing demand for clean label and vegan food products offers significant opportunities for Gellan Gum Market Trends manufacturers. Furthermore, the diversification of product applications across various end-use industries will boost market revenues.

Global expansion: Key players are focusing on tapping opportunities across emerging markets like Asia Pacific and Latin America. Manufacturers are investing in capacity expansion and R&D activities to develop new grades of gellan gum.

Market drivers: The increasing usage of gellan gum in the food industry is a major factor driving market growth. Gellan gum has high compatibility with dairy and meat products due to its clarity and bland taste. It also offers advantages like low-calorie content, allergen-free nature, and easy blending properties. The rising demand for enriched food products is further accelerating the adoption of gellan gum.

PEST Analysis

Political: The Gellan Gum Market is regulated under various agencies for food applications. Standards on usage levels and safety approvals influence the market.
Economic: Rising income levels globally increase the demand for processed and convenience food products where gellan gum finds applications. Fluctuations in raw material prices affect the costs.
Social: Wide acceptability and growing preference for vegetarian and vegan food products increase the demand for gellan gum as a substitute for animal-derived thickeners and stabilizers. Increasing health consciousness also contributes to the market growth.
Technological: Advances in production processes help manufacturers reduce costs and improve efficiency. New production techniques aid the development of gellan gum for novel applications in pharmaceuticals and personal care industries.

North America accounts for a major share of the global gellan gum market value due to high demand from food & beverages and pharmaceutical industries in the US and Canada. Asia Pacific is expected to witness fastest growth due to rising middle-class population, increasing health awareness, and growing processed food industry in major countries like India and China.

Europe is another prominent regional market supported by developed economies, wide acceptability of vegan food products, and stringent regulatory norms favoring natural ingredients. Countries like Germany, UK, France are major consumers. The markets in Latin America and Middle East & Africa are projected to increase at a steady pace during the forecast period.

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