Gellan Gum Market was valued at US$ 170.1 Mn in 2021 - Coherent Market Insights

Global gellan gum market is estimated to be valued at US$ 170.1 Million in 2021, according to the Global Gellan Gum Market report, by Product Type (High Acyl Content and Low Acyl Content), by Application (Food & Beverages (Bakery & Confectionery, Dairy Products, Meat & Poultry, Sauces & Dressings, and Beverages), Pharmaceutical, Cosmetics & Personal Care, and Others (Biotechnology and Others)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.  

Global gellan gum market was valued at US$ 170.1 Million in 2021 and is expected to exhibit a CAGR of 12.9% over the forecast period (2022–2030). Asia Pacific region is expected to dominate the market over the forecast period and is expected to be the largest and fastest-growing region.

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https://www.coherentmarketinsights.com/market-insight/gellan-gum-market-2205

Browse 50 market data tables* and 40 figures* on "Global Gellan Gum Market” - Forecast to 2030.

Key Trends and Analysis of the Global Gellan Gum Market:

Increasing consumer preference for gellan gum due to its various applications in the food industry. Gellan gum is utilized as a gelatin substitute in the production of confectioneries and vegan candies. Moreover, it is also utilized in plant-based milk products such as soy milk. Gellan gum can be used in ice creams. Gellan gum also helps to separate ingredients during preparation of bakery items. It helps in prevention of color change in purees and spreads, and also helps to get the correct gel consistency. It assists in increment of fluid viscosity, thus producing thick liquids that are utilized in food products and beverages. These advantages offered by gellan gum are expected to propel growth of the global gellan gum market during the forecast period.

Key Takeaways of the Global Gellan Gum Market:

On the basis of product type, high acyl content segment accounted for 63.3% of the revenue share in the global gellan gum market in 2021. High acyl gellan gel does not require additional cation ions to form gel and are thermally reversible in nature. High acyl gellan gum is powdery in nature & its color varies from white to tan and has lighter density compared to low acyl gellan gum. Beneficial properties associated with high acyl gellan gum is expected to drive the high acyl content segment growth over the forecast  period period’

• On the basis of application, food and beverages segment is expected to dominate the global gellan gum market over the forecast period. Food and beverage segment accounted for a market share of 72.9% in 2021. Increasing demand for bakery products is expected to lead to high demand for gellan gums in the food & beverage segment.
• New product launches, mergers & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global gellan gum market