USD 192.04 million
Gellan Gum Market Size, Share, Growth Analysis, By Type(Low Acyl Gellan Gum, High Acyl Gellan Gum), By Application(Food Additives Industry, Daily-Chemical Industry, Pharmaceutical Industry, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2445 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
63
|Figures:
75
Gellan Gum Market Insights
Global Gellan Gum Market size was valued at USD 192.04 million in 2022 and is poised to grow from USD 216.81 million in 2023 to USD 572.32 million by 2031, growing at a CAGR of 12.90% during the forecast period (2024-2031).
Growing use of gellan gum in the food, beverage, pharmaceutical, and cosmetic industries is projected to boost market growth over the coming years. Fermentation of a specific bacteria results in the production of gellan gum which is a microbial polysaccharide. It possesses unique gelling, thickening, and stabilizing properties.
Gellan gum is used to improve the mouthfeel, texture, and stability of food and beverages such as desserts, processed foods, and dairy alternatives. Gellan gum can create firm as well as elastic gels in different temperature and pH settings. Gellan gum is widely used as a suspending and emulsifying agent in liquid formulations in the pharmaceutical industry to enable the even distribution of active ingredients in medications and vaccines. It is also popularly used in the personal care and cosmetics industry for its gelling and stabilizing properties that gives structure to products.
Gellan gum is compatible with vegan and vegetarian diets and this is also a factor that is projected to bolster market growth in the long run as the popularity of veganism increases. The high use of gellan gum in the preparation of different consumer goods is slated to primarily augment market development in the future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Low Acyl Gellan Gum
Fastest Growth
Low Acyl Gellan Gum
Growth Rate
12.90% CAGR
Global Gellan Gum Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Gellan Gum Market Segmental Analysis
The Gellan Gum Market is segmented on the basis of Type, Application, and Region. Based on Type, the market is bifurcated into Low Acyl Gellan Gum and High Acyl Gellan Gum. On the basis of application the market is segmented into Food Additives Industry, Daily-Chemical Industry, Pharmaceutical Industry, Others. Regionally, the market is divided into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis By Type
Low Acyl Gellan Gum segment accounts for a dominant global gellan gum market share. High use of low acyl gellan gum in various food and beverage applications, such as desserts, sauces, dairy products and plant-based food alternatives contributes to its high market share. Its properties of excellent gelling, stabilizing, and texturizing properties make it a mainstay ingredient for food & beverage manufacturers. Compatibility of low acyl gellan gum with a wide array of ingredients also contributes to its high market share.
High Acyl Gellan Gum segment is slated to emerge as the fastest-growing segment in the gellan gum market over the coming years. Growing use of high acyl gellan gum in the preparation of confectionery, bakery, and beverages owing to its unique functionality allows it to gain popularity. Enhanced suspension and better flavor release are some prime benefits that promote its demand. Evolution of consumer preferences will boost growth in this segment.
Analysis By Application
Most gellan gum is projected to be used in food additives and hold a prominent market share. Growing demand for different types of food additives all over the world to feed the rapidly expanding world population allows this segment to hold a prominent market share. High demand for processed foods is also contributing to growth in this segment.
Demand for gellan gum in the pharmaceutical industry is projected to soar high and achieve the highest CAGR as compared to other segments. Rising use of gellan gum in the formulation of oral drug delivery systems is slated to bolster market growth in the future. High demand for innovative drug delivery systems and rising investments in the R&D of the same are also estimated to offer new growth scope for gellan gum providers.
Global Gellan Gum Market By Type
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Gellan Gum Market Regional Insights
Asia Pacific region accounts for the largest gellan gum market share in the world and this can be directly attributed to the presence of robust food & beverage manufacturing activity in this region. China is slated to lead the gellan gum market growth in this region across the forecast period and beyond. The presence of key gellan gum manufacturers in this region and the high demand for processed foods are also slated to create new growth opportunities. The rising popularity of plant-based food alternatives and the high use of gellan gum in the formulation of the same is also slated to offer a lucrative growth scope.
Surging demand for processed foods and plant-based food products is projected to augment gellan gum demand outlook in North America, which is the second-largest market in the world. Changing dietary preferences of people in this region and high demand for clean-label products will also boost gellan gum sales in the long run. The United States is estimated to spearhead gellan gum market growth in the North American region in the future. High demand for food additives is also slated to favor market development going forward.
Global Gellan Gum Markett By Geography
- Largest
- Fastest
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Gellan Gum Market Dynamics
Drivers
Growing Food and Beverage Industry:
- Evolving consumer preferences and high demand for convenience and processed foods are fueling the demand for gellan gum all over the world. The high use of gellan gum as a food additive is driving its sales.
Rising Demand for Plant-Based Products:
- Growing demand for plant-based and vegan food and beverages is also slated to benefit gellan gum demand as it is extensively used to enhance the texture and flavor of these food products.
Restraints
Regulatory Challenges:
- Regulatory requirements for products containing gellan gum can be tough to attain and this is especially true for food and pharmaceutical industries. This could impede market growth in the future.
Supply Chain Disruptions:
- Disruptions in the supply chain could directly limit gellan gum market growth potential as it could give rise to price volatility and raise the costs of production for different industries.
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Gellan Gum Market Competitive Landscape
Gellan gum providers are targeting food manufacturers focusing on clean-label and plant-based trends to make the most of their revenue. Gellan gum companies are opting for strategies such as collaborations, partnerships, and acquisitions to amplify their market share on a global level going forward. Gellan gum manufacturers are also investing heavily in research and development to enhance the functional properties of gellan gum and expand its application scope. Gellan gum companies are trying to target the clean-label and veganism trends to amplify their sales potential. Established gellan gum suppliers are projected to account for a substantial market share as compared to new companies.
Top Player’s Company Profile
- Inner Mongolia Rainbow Biotech Co., Ltd.
- Jungbunzlauer Suisse AG
- DuPont de Nemours, Inc.
- Shanghai Fortune Biotech Co., Ltd.
- DSM Food Specialties B.V.
- Zhejiang Tech-Way Biochemical Co., Ltd.
- Merck KGaA (Sigma-Aldrich)
- Cargill, Incorporated
- Xi'an Sheerherb Biological Technology Co., Ltd.
- Fufeng Group Company Limited
- Zhejiang Zhongken Biotech Co., Ltd.
- Hebei Xinhe Biochemical Co., Ltd.
- Deosen Biochemical (Ordos) Ltd.
- Shanghai Kaison Chemicals Co., Ltd.
- Dancheng Caixin Sugar Industry Co., Ltd.
- Tianshen (Group) Holdings Co., Ltd.
- TIC Gums, Inc.
- Silver Fern Chemical, Inc.
Recent Developments
- CP Kelco, a leading provider of gellan gum, announced the launch of its new line of gellan gum products aimed to meet the rising demand for clean ingredients in the food and beverage industry in March 2023.
- In April 2023, Hebei Xinhe, a producer of gellan gum based in China, announced the expansion of its production capacity to meet the surging demand for the same.
- In May 2023, Teejoy, a Chinese company supplying gellan gum, launched a range of gellan gum products designed for use in the personal care and cosmetics industry.
- In June 2023, Inner Mongolia Rainbow Biotech, a Chinese gellan gum manufacturer, announced the development of a heat-stable gellan gum product for use in the food & beverage industry.
Gellan Gum Key Market Trends
- Growing Demand for Clean-Label Products: Increasing awareness regarding health has resulted in high demand for clean-label products in the food & beverage industry. This trend is forecasted to boost the adoption of gellan gum in this industry as it is a clean-label ingredient.
- Rising Popularity of Plant-Based Products: Veganism and the adoption of plant-based diets have increased rapidly around the world, which has resulted in high demand for gellan gum as it is extensively used in the preparation of plant-based alternatives to improve their texture and taste.
Gellan Gum Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global gellan gum market is slated to be driven by the burgeoning demand for clean-label and natural ingredients in different industry verticals. Surging use of gellan gum in the pharmaceutical and cosmetic industry is also driving the gellan gum market growth. High consumption of processed foods and convenience foods is also slated to boost gellan gum demand outlook. However, supply chain disruptions could substantially limit gellan gum market growth in the long run. Asia Pacific is projected to account for a prominent market share owing to the presence of key gellan gum manufacturers in China. Surging popularity of veganism is a trend that could influence gellan gum sales in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 192.04 million |
| Market size value in 2031 | USD 572.32 million |
| Growth Rate | 12.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gellan Gum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gellan Gum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Gellan Gum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gellan Gum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gellan Gum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gellan Gum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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