The global Gellan Gum Market Growth Accelerated by Rising Demand for Plant-Based Food Products
Gellan gum is an anionic polysaccharide produced by the microbial strain Sphingomonas elodea. It is commonly used as a gelling agent, thickening agent, and stabilizer in various food applications such as dairy alternatives, desserts, bakery products, sauces etc. due to its versatility, elasticity, and ability to form thermo-reversible gels. The rising demand for plant-based, vegan, and dairy-free food products worldwide has accelerated the demand for gellan gum as an emulsifier and stabilizer in non-dairy yogurt alternatives, ice-creams and other desserts.
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 plant-based food products has been a key driver of
growth for the gellan gum market over the recent past. Gellan gum works very
well to gel plant-based dairy alternatives without changing the taste or
appearance of the final product. It is hence, widely used as a thickening and
stabilizing agent in non-dairy yogurt, ice-cream, and other vegan desserts.
With many consumers actively choosing vegan diets and lifestyles, the demand
for high-quality plant-based food products that mimic the sensory experience of
animal-based products has risen exponentially. Gellan gum, with its ability to
impart texture without altering flavor, helps manufacturers meet this rapidly
growing demand, thereby accelerating its demand.
Segment Analysis
The global gellan gum market is divided into low-acyl gellan gum and high-acyl
gellan gum. The low-acyl segment currently dominates the market as it finds
wide application in food & beverages for its ability to form
thermo-reversible gels. It is used as a substitute for gelatin and other
gelling agents in various products.
Key Takeaways
The global
gellan gum market size is expected to witness high growth between
2023-2030. 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.
Regional analysis
The Asia Pacific region is projected to be the fastest growing as well as the
largest market for gellan gum during the forecast period. This is attributed to
increasing consumption of processed food products in densely populated
countries such as China and India. Additionally, growing health awareness is
propelling the use of gellan gum as it is considered a healthy substitute for
gelatin.
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 two of the largest producers with significant presence
across major regions.
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