Asia Pacific expected to lead the Gellan Gum Market in the coming years 2024

Posted by Shiva on December 21st, 2019

Market Overview:      

Gellan Gum Market is estimated to register a CAGR of 4.34% in the forecast period of 2019-2024.  Gellan Gum is the substitute for the gelatin or agar and used as a gelling agent. It is extensively used as a thickener, emulsifier, and stabilizer due to its water-soluble properties. The approval of many regulatory bodies is likely to increase the development of the gellan gum market due to its use in the cosmetic, food, pharmaceutical and some other industries. It first received approval in Japan to usage as a food additive, and later accepted by other countries like Canada, the US, Korea, China, and the European Union. 

Market Drivers and Restrains:

The gellan gum market is estimated to rise significantly due to the popularity of the confectionery and food & beverage industry. The gellan gum is extensively used as an emulsifier, stabilizer, and thickener, and also as a gelling agent in the production of vegan gum candies. It can hold elasticity and stops the ingredients change during temperature change. 

The application in the food industry related to the rising demand is expected to increase the global gellan gum market. Also, the increasing demand from the pharmaceuticals and beverage industry is anticipated to subsidize to the growth of the worldwide gellan gum market in the foreseen period.

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Report is segmented as:

By Product Type

  • High Acyl Content
  • Low Acyl Content

By Application

  • Personal Care
  • Cosmetics
  • Food
  • Industrial and Household Cleaners
  • Pharmaceuticals
  • Others

Geographical Segmentation:

Based on geography, the market is segmented under many regions, such as Europe, North America, Asia-Pacific and the Rest of the World. Asia Pacific is expected to lead the global market in terms of production due to high manufacture volumes of gellan gum in China.

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Key market players:

  • DSM
  • Biopolymer International
  • Xinjiang Fufeng Biotechnologies Co. Ltd.
  • CP Kelco
  • Nanjing Joyfulchem Co., Ltd.
  • H and A Canada
  • DanchengCaixin sugar industry Co. ltd.
  • IHC Chempharm
  • Zhejiang Zhongken Biotech Co. Ltd. 

Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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Joined: June 11th, 2019
Articles Posted: 88

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