The global gellan gum market is estimated to be valued at US$ 249.78 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: Gellan gum has excellent stability, high efficiency, and versatility which makes it suitable for food and personal care products. It has heat and acid stability which allows it to be processed under harsh conditions. It forms transparent gels at low concentrations and over a wide range of pH.

Weakness: The raw material for producing gellan gum is limited to certain microbial strains which constricts its supply. It has high production cost compared to other hydrocolloids which limits its extensive use.

Opportunity: Increasing demand for vegan and clean label products provide an opportunity to use gellan gum as it is a natural alternative to animal-derived gelatin. Growing focus on innovative textures in food products also presents an opportunity for its use.

Threats: Availability of affordable substitutes like xanthan gum and carrageenan poses a threat. Stringent regulations around food additives can impact its demand.

Key Takeaways

The Global Gellan Gum Market Demand is expected to witness high growth over the forecast period. Its versatile properties make it suitable for a variety of applications in foods, personal care, industrial, and pharmaceutical industries. The global gellan gum market is estimated to be valued at US$ 249.78 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030.

North America region currently dominates the global market due to increasing demand for clean label products and growing food processing industry. Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to rising health awareness, growth in food processing industry and increasing disposable income in the region.

Key players related content comprises: Key players operating in the gellan gum market are China National Bluestar (Group) Co. Ltd, DuPont, Hebei Xinhe Biochemical Co. Ltd, Teejoy, Inner Mongolia Rainbow Biotech Co. Ltd, Meron, Fufeng Group, H and A Canada.

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