Gellan Gum Market Will Grow At Highest Pace Owing To Widening Its Applications In Food Industry
Author : Raj Dhote | Published On : 19 Mar 2024
Gellan gum is a high-molecular-weight extracellular polysaccharide which is produced by the microorganism Pseudomonas elodea. It is used as a gelling agent, thickening agent and stabilizer in food products. Gellan gum provides texture, structure and stability to food items. It finds wide application in bakery, confectionery, dairy, meat and seafood products.
The global gellan gum market is estimated to be valued at US$ 249.78 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the gellan gum market are China National Bluestar (Group) Co. Ltd, DuPont, Hebei Silicon Valley Chemical Co Ltd, Huvis, Hyosung, Kermel, Kolon Industries Inc., Shenma Industrial Co. Ltd, Sinopec Yizheng Chemical Fibre Limited Liability Company, Suzhou Zhaoda Specially Fiber Technical Co.,Ltd., Teijin Limited, Toray Industries Inc., Wuxi, Heshengyuan Carbon Fiber Technology Co. Ltd, X-FIPER New Material Co. Ltd, Xiamen Chao Yu Environmental Protection Technology Co. Ltd, and Yantai Tayho Advanced Materials Co. Ltd. Growing demand for gellan gum from food industry is propelling the market growth. Gellan gum offers various advantages over other natural gums which include uniform viscosity, clarity, thermal stability and versatility. Technological advancements are leading to development of new grades of gellan gum with enhanced functionality.
Market Trends
Increasing Health Awareness - Rising health consciousness among people is fueling the demand for low-calorie and nutritional food products. Gellan gum helps in producing low-fat and sugar-free food items. This trend is expected to drive its consumption.
Widening Applications - Gellan Gum Market Trends manufacturers are focusing on utilizing its properties in developing new application areas. It is finding newer uses beyond food like personal care products, pharmaceuticals, agrochemicals and industrial goods. This is anticipated to open new avenues for market expansion.
Market Opportunities
Product Innovation - Continuous innovation in grades and functionality of gellan gum will help cater to evolving needs of end-use segments. Development of organic, clean-label, allergen-free and specialty grades provides significant opportunities.
Geographical Expansion - Emerging countries especially in Asia Pacific are increasing imports of gellan gum. Penetration into untouched regional markets will present remunerative growth prospects over coming years.
Impact of COVID-19 on Gellan Gum Market Growth
The COVID-19 pandemic severely impacted the gellan gum market growth globally. Nationwide lockdowns disrupted supply chains and stalled production facilities. Travel restrictions shrunk demand from food services and HORECA sectors. However, gellan gum witnessed increased consumption for household goods as people stocked up during lockdowns. Food producers expanded gellan gum usage to fulfill growing retail demand for packaged foods. Gellan gum functionality in vegan substitutes boosted its demand amid rising health consciousness. Pharmaceutical and personal care sectors also drove consumption for its thickening and gelling properties in medicines, hand sanitizers and surfaces cleaners.
As lockdowns eased, market recovered steadily with restarting of manufacturing plants and logistics. Food companies optimized production capacity utilizing gellan gum. Demand from food services rebounded gradually as dine-in operations resumed with safety protocols. Household spending normalized post lockdowns but retained higher gellan gum usage levels than pre-pandemic. Innovation in utilization for clinical nutrition and biomedical applications presented new prospects. While supply chain disruptions and reduced consumer spending in some regions remain challenges, the market is expected to witness steady growth backed by expanding applications and recovery across end-use verticals.
Europe holds largest gellan gum market value due to high per capita food consumption and robust processed food industry. The market is concentrated in Germany, UK, France, Italy and Spain which are key European manufacturing and R&D hubs. Asia Pacific registers fastest growth led by China, India and Southeast Asian Nations focused on boosting domestic food production. South Korea, Japan and Australia also contribute significantly due to increasing health-conscious population. North America captures significant share with the US leading demand from pharmaceutical and personal care sectors.
Fastest growing gellan gum market region is Asia Pacific wherein emerging economies are expanding food processing infrastructure and clinical nutritional products industries. China especially is investing heavily in biotechnology and novel hydrocolloids for application development. Rising disposable incomes are augmenting demand for premium packaged foods utilizing gellan gum. Strict hygiene and safety regulations are favoring its non-toxic, naturally-sourced attribute. Thus, Asia Pacific demonstrates immense potential for gellan gum market expansion in both value and volume terms over the forecast period.
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