Global gellan gum market is expected to witness significant growth over the forecast period, owing to its high demand from food & beverage sectors as a substitute or alternative to hydrocolloids in beverages and dairy products.
Global gellan gum market was valued at US$ 170.1 Million in 2021, in terms of revenue, exhibiting a CAGR of 12.9% during the forecast period (2022 to 2030).
Drivers
Gellan gum is a viscous soluble fiber that is produced by the bacteria Sphingomonas elodea from glucose (corn starch) or lactose (cheese whey). Gellan gum acts as an additive for binding, texturizing or stabilizing foods. Gellan gum has similar properties compared to other gelling agents such as carrageenan, guar gum, xanthan gum, and agar-agar. Gellan gum has applications in the food and beverage industry and pharmaceutical industry.
The demand for gellan gum is expected to increase over the forecast period, owing to increasing application of gellan gum in food and beverage industry, coupled with various advantages offered by gellan gum over other gelling agents such as effectiveness in less concentration.
In terms of revenue, Asia Pacific is expected to witness significant growth during the forecast period. In Asia Pacific, emerging economies such as India and China are expected to exhibit significant growth in the gellan gum industry, owing to expansion strategies adopted by key players, in order to expand their product portfolio in the region. For instance, in May 2019, CP Kelco, a leading producer of natural ingredients announced plans to invest in the expansion of its gellan gum production capacity in Asia Pacific. Moreover, the expansion project include enhancing company’s production capabilities at Wulian, China.
Figure 1. Global Gellan Gum Market Value Share (%), By Region, 2021
Market Restraints
Health issues such as abdominal bloating, excessive gas, loose stools or diarrhea associated with over-consumption of gellan gum are expected to hamper the market growth. Moreover, the U.S. Food and Drug Administration (FDA) has not given gellan gum the ‘Generally Recognized as Safe (GRAS)’ status, although the U.S. FDA has approved its usage in food products.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 170.1 Mn |
| Historical Data for: | 2017-2021 | Estimated Year: | 2022 |
| Forecast Period 2020 to 2027 CAGR: | 12.9% | Forecast Period: | 2022-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
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 |
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| Restraints & Challenges: |
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Market Trends
The product finds its application in several industries including cosmetics, food, personal care, industrial cleaning, and pharmaceutical. Growing demand for the product as oil content stabilizer in personal care items including face lotions, creams, face washes, and masks is expected to propel gellan gum industry growth over the projected period.
Figure 2. Global Gellan Gum Market Value Share (%), By Product Type, 2021
On the basis of product type, high acyl content segment held highest market share in the global gellan gum market in 2021, owing to its high solubility properties and its capability to withstand high temperature up to 80°C by producing a flexible elastic gel. Moreover, high acyl gellan gum is used as a suspension agent in milk products, plant-based protein drinks, fruit juices, and other beverages.
Recent Developments
Competitive Section
Major players operating in the global gellan gum market include 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.
Gellan gum is a viscous soluble fiber, which is produced by the bacteria Sphingomonas elodea from corn starch (glucose) or cheese whey (lactose). Gellan gum is a mixture of several polysaccharides composed of glucuronic acid, glucose, and rhamnose. Gellan gum is used as a gelling agent, food additive, and has applications in bakery and confectionary products. Gellan gum market is expected to exhibit a CAGR of 12.9% during the estimated forecast period
Market Dynamics
On the basis of application, gellan gum market is segmented into food & beverage, pharmaceutical, cosmetics & personal care, and others. In 2021, food & beverage segment held the largest revenue share, accounting for 72.9% in the global gellan gum market. This is due to increasing demand for bakery products, which is expected to drive demand for gellan gum from the food & beverage segment. Gellan gum is also used in poultry products for reducing oil adsorption and increasing moisture retention during frying. It is also used to improve functional properties and to compensate undesirable effects of salt reduction, fat reduction, and thawing.
Among region, North America dominated the global gellan gum market, and accounted for a revenue share of 38.1% in 2021 North America is expected to witness a significant growth in the gellan gum market over the forecast period, owing to expansion strategies adopted by key players in this region and rising disposable income. in August 2019, CP Kelco expanded the gellan gum manufacturing capacity of its Okmulgee, Oklahoma, U.S. plant. This expansion has helped CP Kelco to strengthen its gellan gum business in the North America market.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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