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

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).

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 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. 'CP Kelco', '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', 'IHC Chempharm', '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.'

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.

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.

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.