The Gellan Gum Market is on an upward trajectory, anticipating significant growth from $56.4 million in 2022 to $85.1 million by 2032, with a commendable 4.2% CAGR. This surge is primarily attributed to the dominance of the food segment, contributing to over 50% market share in 2022. Gellan gum, a versatile hydrocolloid, finds extensive use in food and beverage products globally, especially in dairy, protein-fortified beverages, and nut milk.
Manufacturers are strategically increasing production capacity, leading to a competitive landscape. The market exhibits diverse applications, with segments like seafood, personal care, and cosmetics displaying noteworthy CAGR figures. The pharmaceuticals segment is poised to exceed $85.1 billion by 2032, showcasing a robust yearly growth rate.
Country-wise insights indicate substantial growth in North America’s fast-food industry and the Latin America region’s food and beverages industry. Europe, particularly Western Europe, is expected to maintain a significant market share, driven by the dairy products sector.
China emerges as a leader in the Asia-Pacific region, while APEJ experiences rapid volume growth. The Asia Pacific food segment is forecasted to grow at a CAGR of 5.7%, with the beverages sub-segment expanding at a notable 6.4% CAGR until 2026.
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Demand of the Market
The increasing demand for gellan gum stems from its pivotal role as a hydrocolloid substitute, addressing the growing needs of the food and beverage industry globally. With a focus on enhancing product suspensions, gellan gum is becoming indispensable in protein-fortified beverages, nut milk, and various food applications. The forecasted surge in the pharmaceuticals segment further amplifies the market’s demand, offering a diverse array of applications across industries.
Growing Factor:
The growth of the Gellan Gum Market is propelled by the dynamic food and beverage sector, where it serves as a key ingredient. Its adaptability as a hydrocolloid substitute and its role in enhancing suspension properties in diverse products contribute to its increasing adoption. Manufacturers’ strategic capacity expansions, coupled with the rising popularity in sectors like seafood, personal care, and cosmetics, are key factors driving the market’s growth. The pharmaceuticals segment’s substantial growth further adds to the overall expansion, making gellan gum a sought-after ingredient in various industries.
Key Deterrents for Growth in Global Gellan Gum Consumption
- Procuring raw materials required for production of gellan gum remains to be a major challenge for manufacturers. Complex techniques used for formulating gellan gum from lactose or glucose inhibits their production among local players that have a modest manufacturing infrastructure.
- Gellan gum is now being actively substituted by alternative hydrocolloids such as xanthan, pectin and gelatine, which are cheaper to produce and easier to harvest from raw materials. The consumption of carrangeenan, among such hydrocolloids, is projected to gain traction as opposed to gellan gum.
Nevertheless, several companies in the global food & beverage industry will continue to prefer gellan gum as organic thickeners for products such as jellies, soups and packaged yogurts. Leading gellan gum manufacturers in the world are expanding their production capacity, primarily focusing on delivering gellan gum products for food & beverage applications. Royal DSM, a prominent manufacturer of gellan gum, recently acquired manufacturing plants in China, while CP Kelco made headlines for expanding the production capacity of its San Diego plant.
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Dancheng Caixin Sugar Industry Co. Ltd., Zhejiang Tech-Way Biochemicals Co. Ltd., Hangzhou Gellan Solutions Biotec Co. Ltd., Zhejiang DSM Zhongken Biotechnology Co. Ltd., Meron Group, Hebei Xinhe Biochemical Co. Ltd., Fufeng Group, and Inner Mongolia Rainbow Biotech Co. Ltd., are gellan gum manufacturers based in APEJ countries such as China and India. In terms of global market value, APEJ gellan gum market will account for over one-third share throughout the forecast period. US-based CP Kelco will continue to account for over 70% of global gellan gum revenues, making North America a dominant region in the global gellan gum market through 2032.
Global Gellan Gum Market Segmentation
Product Type
- High Acyl Content
- Low Acyl Content
Application
- Food
- Confectionary
- Jams and Jellies
- Fabricated Foods
- Water-based Gels
- Pie Fillings and Puddings
- Dairy Products
- Processed Meat
- Beverages
- Personal Care and Cosmetics
- Industrial and Household Cleaners
- Pharmaceuticals
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
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