During the projected period, Gellan Gum Market is expected to grow at a CAGR of 4.2 %. The market value is projected to increase from USD 56.4 Million in 2022 to USD 85.1 Million by 2032.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 56.4 Million |
| Market Forecast Value in 2032 | USD 85.1 Million |
| Global Growth Rate (2022 to 2032) | 4.2% |
| Forecast Period | 2022 to 2032 |
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Sales of gellan gum are estimated to exceed USD 85.10 million by 2032. Revenue is projected to donate a CAGR of 4.2% over the forecast period. One of the many applications, the food segment dominated the global market for gellan gum with more than 50 % market share in 2022. Owing to the increasing use of gellan gum in food and beverage products globally, the market for food and beverage products is witnessing significant growth.
Gellan gum is widely used as a hydrocolloid substitute for carrageenan gum in dairy products, protein-fortified beverages, as well as other beverages. Gellan gum is used to allow the suspension of insoluble particulates in protein-fortified beverages and nut milk.
Manufacturers are increasing gellan gum production capacity to attract more consumers. Various events including competitions are arranged to promote gellan gum, and its customer base is increasing in the global market.
Seafood segment revenue ended at more than USD 23 million during the year 2015 and is projected to perform well in the years forthcoming, exhibiting a 4.2% CAGR through to 2032. This segment is estimated to surpass USD 40 million by the end of that year. Personal care and cosmetic products are expected to increase by 1.3 X times in terms of value over the course of the next 12 months, registering a CAGR of 3.2%. The segment is anticipated to be valued at around USD 6 million by the end of this period.
In 2017, the industrial and residential sectors will grow by creating a standardized quarterly absolute dollar opportunity of more than USD 0.1 billion. In 2015, the pharmaceuticals segment was worth over USD 3 billion, and it'll exceed USD 85.10 billion by 2032 with an accumulated yearly growth rate of nearly 4.1 %
In terms of value, the food segment will be expected to hold a substantial share of the North American market over the next ten years. In North America, the food segment is anticipated to increase 1.4X in terms of volume. Among the various industries in the Latin America region, the food segment is anticipated to have significant growth in the near future. Among the different industries within the food segment, the sub-sector of the food and beverages industry is expected to have the highest growth rate in the Latin America region.
The food and beverages segment of Western Europe will travel by means of a great share of the marketplace in the middle of the assessed time span. The dairy products sector inside this segment will especially do enough to gain ground. In Western Europe, the volume in the food part is expected to witness a 1.4X upturn during the coming years. In Eastern Europe, the dairy products category is anticipated to enjoy a high CAGR over the longer run. Food portions are predicted to grow 1.2X times from 2032 in Central Europe.
With respect to value, China will take the lead in the APEJ gellan gum market for the duration of the forecast period. APEJ is anticipated to be the fastest-growing market for gellan gum in terms of volume, registering a CAGR of 4.6% between 2022 and 2032.
In the Asia Pacific region, the food segment is projected to grow at a (CAGR) of 5.7% throughout the forecast period. Among the food sub-segments, the beverages sub-segment is projected to expand at a CAGR of 6.4% until 2026. In Japan, the largest food segment is projected to expand at a substantial CAGR throughout the forecast period.
Gellan gum is a food additive that is used as a thickener, emulsifier, and stabilizer. It is a natural product that is derived from the gel of marine algae. Gellan gum has many benefits including being non-toxic, non-allergenic, and vegan. It is also gluten-free and has a neutral taste. Gellan gum can be used in many different foods such as desserts, sauces, soups, and ice cream.
There are many benefits to using high acyl-content oils in your skincare routine. First, they are more effective at penetrating the skin than other oils, which means they can deliver more nutrients and moisture to the skin. Second, they can help to balance the skin’s natural oil production, which can help to prevent breakouts. Finally, high acyl content oils can help to plump the skin and reduce the appearance of fine lines and wrinkles.
low acyl content is often used as solvents or lubricants. They can also be used to make plastics and other materials. Low acyl content products are also used in cosmetics and pharmaceuticals.
The global market for Gellan Gum Market is incredibly fragmented and competitive due to the existence of several local and regional rivals. Key players employ a range of marketing strategies, such as partnerships, expansions, mergers and acquisitions, and collaborations.
Some of the leading companies operating in the Gellan Gum market are CP Kelco, Dancheng Caixin Sugar Industry Co. Ltd., Zhejiang Tech-Way Biochemical Co., Ltd., Zhejiang DSM Zhongken Biotechnology Co., Ltd, Hangzhou Gellan Solutions Biotec Co., Ltd, Hebei Xinhe Biochemical Co., Ltd., Meron Group, Inner Mongolia Rainbow Biotech Co. Ltd., Fufeng Group.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product Type, Application, Region |
| Key Companies Profiled | CP Kelco; Dancheng Caixin Sugar Industry Co. Ltd.; Zhejiang Tech-Way Biochemical Co., Ltd; Zhejiang DSM Zhongken Biotechnology Co., Ltd; Hangzhou Gellan Solutions Biotec Co., Ltd.; Hebei Xinhe Biochemical Co., Ltd.; Meron Group; Inner Mongolia Rainbow Biotech Co. Ltd.; Fufeng Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Gellan Gum Market size is assessed to be USD 56.4 Million currently.
The Gellan Gum Market is expected to rise at a CAGR of 4.2%.
The North American Gellan Gum market is expected to register a 3.6 % CAGR between 2022 and 2032.
APEJ Gellan Gum market is projected to grow at a CAGR of around 4.6 % over the next ten years.
USA, Japan, Germany, APEJ, MEA are the major countries driving demand for Gellan Gum Market.
MEA Gellan Gum market is projected to grow at a CAGR of around 2.3 % over the next ten years.
The demand for Gellan Gum market in Europe is expected to grow at 3.1 % CAGR between 2022 and 2032.
The demand for Gellan Gum market in Japan is expected to grow at 4.1 % CAGR between 2022 and 2032.
Zhejiang Zhongken Biotech Co. Ltd., Biopolymer International, DanchengCaixin sugar industry Co. Ltd., DSM and IHC Chempharm are expected to be the top players driving the market growth.
The global Gellan Gum market is forecasted to surpass USD 85.1 Million by the end of 2032.
| Estimated Size (2025E) | USD 5.6 Billion |
|---|---|
| Projected Value (2035F) | USD 8.4 Billion |
| Value-based CAGR (2025 to 2035) | 4.9% |
| Estimated Market Size (2024E) | USD 1.01 billion |
|---|---|
| Projected Market Value (2034F) | USD 1.7 billion |
| Value-based CAGR (2024 to 2034) | 5.9% |
| Estimated Size (2024E) | USD 1.5 billion |
|---|---|
| Projected Value (2034F) | USD 4.7 billion |
| Value-based CAGR (2024 to 2034) | 12.1% |
| Market Value for 2023 | USD 11,983 million |
|---|---|
| Projected Market Value for 2033 | USD 19,873 million |
| Value-based CAGR (2023 to 2033) | 5.2% |
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