Gellan Gum Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Gellan Gum Market was valued at USD xx million in 2018 and projected to reach USD 61.91 million by 2023 growing at a CAGR of 3.61% during the forecast period 2018 to 2023.
The gellan gum market will be growing enormously during the forecast period. Gellan gum is used as gelling agent that is a replacement to agar in order to grow micro organisms in the solid culture. Later it was found to have great performance level in various clinical bacteriological media as a substitute agent. The wide applications of gellan gum can be seen in the food and beverages industry as substitute, which improves the taste and also increases the shelf life time of the food products. Also it is used to uniform dispersion insoluble particulates in some beverages and in nut milk.
Gellan Gum Market Growth Drivers and Restraints:
The rapid increase in the population and the rise in the demand for the dairy products all over the world are majorly bolstering the growth of the market. The gellan gum market is additionally propelled by the increase in the demand from the food and beverages industry which enhances the flavor for the products.
However, lack of standardization in the utilization of the gellan gum is restraining the growth of the market. Manufacturing of products with low quality for cheap cost is a challenging factor in this market.
The rise in the awareness towards the protein enriched drinks and other beverages is lucratively surging the growth opportunities of the market. The ability to structure of the molecules which helps to prevent change of ingredients even at high temperatures is also accelerating the demand of the market.
Geographical Analysis of Gellan Gum Market:
Regionally, the gellan gum market is segmented into North America, Europe, Asia Pacific and Middle East & Africa. North America is anticipated to lead the highest shares of the market owing to adoption of these substitutes at higher rate in the food and beverages industry. Asia Pacific is witnessed second position in leading the shares of the market with increase production rate of the dairy products such as milk and others. Europe and Middle East & Africa are deemed to have a pace in growth of the market near future.
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Key Players of Gellan Gum Market:
The key players in the gellan gum market are Biopolymer International, DSM, CP Kelco, Xinjiang Fufeng Biotechnologies Co. Ltd., H and A Canada, Nanjing Joyfulchem Co., Ltd., IHC Chempharm, DanchengCaixin sugar industry Co. ltd. and Zhejiang Zhongken Biotech Co. Ltd.
Gellan Gum Market Segmentation:
- Low acyl
- High acyl
By End Users:
- Food &beverages
- Pharmaceutical industry
- North America
- South America
- Asia Pacific
- Middle East and Africa
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