Published by Coherent Market Insights
Posted on September 24, 2021
Gellan gum, a viscous soluble fiber that is produced by the bacteria Sphingomonas elodea from glucose (corn starch) or lactose (cheese whey). Gellan gum acts as an additive for binding, texturizing or stabilizing foods. Gellan gum has similar properties compared to other gelling agents such as carrageenan, guar gum, xanthan gum, and agar-agar. Gellan gum has application in the food and beverage industry and pharmaceutical industry.
The demand for gellan gum is expected to increase over the forecast period, owing to increasing application of gellan gum in food and beverage industry, coupled with various advantages offered by gellan gum over other gelling agents such as effectiveness in less concentration.
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On the basis of product type, high acyl content segment is expected to witness significant growth over the forecast period, owing to high solubility properties and its capability to withstand high temperature up to 80°C by producing a flexible elastic gel. Moreover, high acyl gellan gum is used as a suspension agent in milk products, plant-based protein drinks, fruit juices, and other beverages.
Moreover, rising disposable income and increasing consumer preference for vegan and environment friendly food is expected drive growth of the global gellan gum market. Increasing consumption of gellan gum in end-use applications, owing to rising per capita GDP and consumer spending, especially in emerging economies such as India and China is expected to increase revenue of the gellan gum market. For instance, according to the India Brand Equity Foundation (IBEF), the per capita GDP of India is expected to reach US$ 3,273.85 by 2023 from US$ 1,983 in 2012.
Based on application, food & beverages segment held dominant position in the market, and accounted for 72.9% revenue share in the global gellan gum market in 2018. In 2018, among food and beverage segment, bakery and confectionary sub-segment accounts for highest consumption of gellan gum globally. For instance, according to the Ministry of Food Processing Industries of Government of India, the bakery market in India was valued at US$ 5,977 million in 2016, and is expected to exhibit at a CAGR of 10.98% during 2016-2020 to reach US$ 8,576 million by 2020.
Major players operating in the global gellan gum market include DSM, CP Kelco, H & A Canada Inc., Nanjing Joyfulchem Co., Ltd., Dancheng Caixin Sugar Industry Co. Ltd., Zhengzhou Cinogel Biotech Co., Ltd., Hangzhou Gellan Solutions Biotec Co., Ltd., DuPont, Hebei Xinhe Biochemical Co. Ltd, and Nutricorn Co., Limited.
Gellan gum is a viscous soluble fiber, which is produced by the bacteria, Sphingomonas elodea, from corn starch (glucose) or cheese whey (lactose). Gellan gum is a mixture of several polysaccharides composed of glucuronic acid, glucose, and rhamnose. Gellan gum is used as a gelling agent, food additive, and has application in bakery and confectionary products. Gellan gum market is expected to grow at a CAGR of 11.8% during the estimated forecast period supported by growth in key applications such as food and beverage.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2205
Market Dynamics
Based on application, gellan gum market is segmented into food & beverage, pharmaceutical, cosmetics & personal care, and others. In 2018, food & beverage segment held the largest revenue share, accounting for 72.9% in the global gellan gum market. This is due to increasing demand for bakery products, which is expected to drive demand for gellan gum from the food & beverage segment. Gellan gum is also used in poultry products for reducing oil adsorption and increasing moisture retention during frying. It is also used to improve functional properties and to compensate undesirable effects of salt reduction, fat reduction, and thawing.
Among regions, North America dominated the global gellan gum market, and accounted for a revenue share of 38.1% in 2018. North America is expected to witness a significant growth in the gellan gum market over the forecast period, owing to expansion strategies adopted by key players in this region and rising disposable income. For instance, in August 2019, CP Kelco expanded the gellan gum manufacturing capacity of its Okmulgee, Oklahoma, U.S. plant. This expansion has helped CP Kelco to strengthen its gellan gum business in the North America market.
The post Gellan Gum Industry Outlook, Growth Prospects And Key Opportunities appeared first on Gatorledger.
Gellan gum, a viscous soluble fiber that is produced by the bacteria Sphingomonas elodea from glucose (corn starch) or lactose (cheese whey). Gellan gum acts as an additive for binding, texturizing or stabilizing foods. Gellan gum has similar properties compared to other gelling agents such as carrageenan, guar gum, xanthan gum, and agar-agar. Gellan gum has application in the food and beverage industry and pharmaceutical industry.
The demand for gellan gum is expected to increase over the forecast period, owing to increasing application of gellan gum in food and beverage industry, coupled with various advantages offered by gellan gum over other gelling agents such as effectiveness in less concentration.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2205
On the basis of product type, high acyl content segment is expected to witness significant growth over the forecast period, owing to high solubility properties and its capability to withstand high temperature up to 80°C by producing a flexible elastic gel. Moreover, high acyl gellan gum is used as a suspension agent in milk products, plant-based protein drinks, fruit juices, and other beverages.
Moreover, rising disposable income and increasing consumer preference for vegan and environment friendly food is expected drive growth of the global gellan gum market. Increasing consumption of gellan gum in end-use applications, owing to rising per capita GDP and consumer spending, especially in emerging economies such as India and China is expected to increase revenue of the gellan gum market. For instance, according to the India Brand Equity Foundation (IBEF), the per capita GDP of India is expected to reach US$ 3,273.85 by 2023 from US$ 1,983 in 2012.
Based on application, food & beverages segment held dominant position in the market, and accounted for 72.9% revenue share in the global gellan gum market in 2018. In 2018, among food and beverage segment, bakery and confectionary sub-segment accounts for highest consumption of gellan gum globally. For instance, according to the Ministry of Food Processing Industries of Government of India, the bakery market in India was valued at US$ 5,977 million in 2016, and is expected to exhibit at a CAGR of 10.98% during 2016-2020 to reach US$ 8,576 million by 2020.
Major players operating in the global gellan gum market include DSM, CP Kelco, H & A Canada Inc., Nanjing Joyfulchem Co., Ltd., Dancheng Caixin Sugar Industry Co. Ltd., Zhengzhou Cinogel Biotech Co., Ltd., Hangzhou Gellan Solutions Biotec Co., Ltd., DuPont, Hebei Xinhe Biochemical Co. Ltd, and Nutricorn Co., Limited.
Gellan gum is a viscous soluble fiber, which is produced by the bacteria, Sphingomonas elodea, from corn starch (glucose) or cheese whey (lactose). Gellan gum is a mixture of several polysaccharides composed of glucuronic acid, glucose, and rhamnose. Gellan gum is used as a gelling agent, food additive, and has application in bakery and confectionary products. Gellan gum market is expected to grow at a CAGR of 11.8% during the estimated forecast period supported by growth in key applications such as food and beverage.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2205
Market Dynamics
Based on application, gellan gum market is segmented into food & beverage, pharmaceutical, cosmetics & personal care, and others. In 2018, food & beverage segment held the largest revenue share, accounting for 72.9% in the global gellan gum market. This is due to increasing demand for bakery products, which is expected to drive demand for gellan gum from the food & beverage segment. Gellan gum is also used in poultry products for reducing oil adsorption and increasing moisture retention during frying. It is also used to improve functional properties and to compensate undesirable effects of salt reduction, fat reduction, and thawing.
Among regions, North America dominated the global gellan gum market, and accounted for a revenue share of 38.1% in 2018. North America is expected to witness a significant growth in the gellan gum market over the forecast period, owing to expansion strategies adopted by key players in this region and rising disposable income. For instance, in August 2019, CP Kelco expanded the gellan gum manufacturing capacity of its Okmulgee, Oklahoma, U.S. plant. This expansion has helped CP Kelco to strengthen its gellan gum business in the North America market.
The post Gellan Gum Industry Outlook, Growth Prospects And Key Opportunities appeared first on Gatorledger.
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