By the end of 2022, the global gelling agent market is projected to be worth US$ 4.9 billion, growing at a CAGR of 4.9% between 2022 and 2032. The analysis projects that the global market will generate $8.2 billion in revenue by 2032.
In order to prepare solid and semisolid media, which are necessary for a variety of meals and beverages in the foodservice sector, gelling agents are required. Gelatin was the first gelling substance discovered, however it was rapidly superseded by agar due to its much superior qualities.
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Natural gelling agents like agar and pectin help in reducing the incidence of numerous malignancies, in addition to lowering the risk of stroke, diabetes, heart disease, and high blood pressure. Increasing number of health-conscious consumers in both developed and developing countries is thus expected to push sales of gelling agents with rising need for weight management.
Physical activities such as walking, fidgeting, and formal exercises, according to studies, are considerably less important than food. Some of the dietary additives, including natural gelling agents have exhibited their hunger influencing behavior in various research studies. Therefore, consumers are demanding for gelling agents to maintain a healthy lifestyle and diet.
Key Takeaways: Gelling Agent Market
- By nature, the artificial gelling agents segment is anticipated to account for around 7% of the gelling agent market share over the forecast period.
- North America gelling agent market is expected to witness a lucrative growth rate of 1% during the forecast period.
- East Asia is projected to account for 2% of the global gelling agent market share through 2032.
- In Europe, the U.K. is estimated to generate the lion’s share owing to increasing consumption of sports drinks among athletes in the country.
- Based on function, the stabilizer segment is anticipated to account for around 7% of the market share over the forecast period.
Competitive Landscape: Gelling Agent Market
Some of the prominent players in the global gelling agent market include Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company, E. I. DuPont De Nemours, Ingredion Incorporated, Naturex, Nexira, Kerry Group, Agro Gums, CP Kelco, Riken Vitamin, Fuerst Day Lawso, Taiyo International, Avebe, and Palsgaard among others.
Gelling agent manufacturing companies are implementing robust go-to-market strategies such as collaborations, partnerships, M&A, and divestitures in addition to focusing on organic growth. Some of the other key players operating in the global gelling agent market are focusing on strategic collaborations with local distributors in emerging countries to reach a large consumer base.
More Valuable Insights on the Gelling Agent Market:
Future Market Insights, in its new report, offers an impartial analysis of the global gelling agent market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on the gelling agent market by nature (natural gelling agents and artificial gelling agents), product type (agar-agar, gellan gum, curdlan, xanthan gum, karaya gum, gelatin, pectin, guar gum, and gum arabic), and function (stabilizer, thickener, texturizer, and emulsifier) across seven major regions of the world.
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Gelling Agent Market Outlook by Category
By Nature:
- Natural Gelling Agents
- Artificial Gelling Agents
By Product Type:
- Agar-agar
- Gellan Gum
- Curdlan
- Xanthan Gum
- Karaya Gum
- Gelatin
- Pectin
- Guar Gum
- Gum Arabic
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