Global Gellan Gum Market size is expected to reach US$ XX Mn. by 2026 from US$ XX Mn. in 2019, at a CAGR of 6.2% during the forecast period.
The importance of food-grade gellan gum is moderately high when compared with other gums as it goes about as a characteristic texturizer in dessert shops and pastry shop ventures. The report focuses on Gellan gum market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Global Gellan Gum Market Dynamics:
The increasing application like utilized as an emulsifier in gellan gum in the food & beverage industry, together with several advantages offered by gellan gum as compared to other gelling agents such as effectiveness in less concentration. Food grade gellan gum is a fundamental element for drinks and is steady in low pH conditions and low thick properties in fluids these are the factors, which support key players in the general food and beverage industry to select food-grade gellan gum in different food items. The rising demand for gellan gum in numerous dairy-based products as an alternative to hydrocolloids is a key factor expected to fuel the growth of the gellan gum market during the forecast period (2020-2026). Also, the growing food & beverage industry in emerging economies such as India and China is expected to support the growth of the global gellan gum market.
On the other hand, stringent government regulations related to the consumption of gellan gum are expected to hinder the growth of the market during the forecast period.
Global Gellan Gum Market Segment Overview:
The gellan gum market is segmented into product type, application, and end-use. Among these product types, the high acyl content segment is expected to grow at the highest CAGR of XX% during the forecast period (2020-2026). This is mainly because of the high solubility properties and its capability to withstand high temperatures up to 80°C by producing a flexible elastic gel. Also, high acyl gellan gum is used as a suspension agent in milk products, plant-based protein drinks, fruit juices, and other beverages. Rising demand for high acyl gellan gum in the food & beverage industry for texture is expected to support the growth of the global market.
Global Gellan Gum Market by Product
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Global Gellan Gum Market Regional Insights:
Asia Pacific held the largest market share of XX% in the global gellan gum market in 2019. In the Asia Pacific, developing economies such as India and China is expected to witness significant growth in the gellan gum industry, on account of growth strategies adopted by key players to expand their product portfolio in the Asia Pacific. For example, in May 2019, CP Kelco, a leading producer of natural ingredients announced its plans to invest in the growth of its gellan gum production capacity in Wulian, China. Also, the demand for gellan gum from the food and pharmaceutical industries is expected to fuel the growth of the Asia Pacific gellan gum market.
The objective of the report is to present a comprehensive analysis of the Global Gellan Gum Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Gellan Gum Market dynamics, structure by analyzing the market segments and project the Global Gellan Gum Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Gellan Gum Market make the report investor’s guide.
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Global Gellan Gum Market
Global Gellan Gum Market, By Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key players operating in the Global Gellan Gum Market
- CP Kelco
- DowDuPont Inc.
- Cargill, Inc.
- Ingredion Inc.
- Koninklijke DSM N.V.
- Fufeng Group
- Biopolymer International
- TIC Gums, Inc
- Nutricorn Co., Limited
- Zhengzhou Cinogel Biotech Co.,Ltd
- H and A Canada
- IHC Chempharm
- DanchengCaixin sugar industry Co. Ltd.
- Zhejiang Zhongken Biotech Co. Ltd.
- Xinjiang Fufeng Biotechnologies Co. Ltd.
- Nanjing Joyfulchem Co., Ltd.
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