by Gellan gum is a polysaccharide produced by Sphingomonas elodea bacteria and finds wide applications in food & beverages, pharmaceuticals and personal care industries due to its texturing, stabilizing, gelling and thickening properties. Gellan gum helps in maintaining the consistency and texture of various products. It acts as a thickening agent, stabilizer and gelling agent in food products such as desserts, dairy products, sauces, soups and processed meats. Moreover, it is used in the formulation of various pharmaceutical products for its ability to control drug release properties. Personal care products such as cosmetics and hair care products utilize gellan gum due to its superior suspending abilities of color pigments and other active ingredients.
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.
The food and beverages industry presents significant growth opportunities for Gellan Gum Market Trends owing to increasing demand for functional ingredients, clean label, and vegan products. Moreover, advancements in molecular design and formulation provide newer application areas for gellan gum in pharmaceutical and personal care products.
Technological advancements such as development of low acyl gellan gum variants enable usage at lower concentrations, thereby broadening its application scope. Furthermore, development of multifunctional gellan gum for targeted drug delivery and molecular encapsulation can propel its demand from the pharmaceutical industry.
Market Drivers
Wide range applications of gellan gum in various industries such as food & beverages, pharmaceuticals and personal care owing to its excellent gelling, thickening, stabilizing and texturing properties drive its market growth. Moreover, rising health consciousness among consumers has increased the demand for vegan and clean label products, contributing to the growth of gellan gum market.
Challenges in Gellan Gum Market
Gellan gum finds extensive applications in food & beverages, pharmaceuticals, cosmetics and others. However, the market is facing few challenges which need to be addressed to sustain the growth momentum. High prices of gellan gum is a major challenge. Raw material procurement and processing activities involved in production of gellan gum makes it a high price product. This limits its adoption in cost sensitive applications. Another challenge is availability of substitutes. Alternatives like xanthan gum, guar gum, alginates and carrageenan poses stiff competition to gellan gum. Substitutes are available at competitive prices. Fluctuations in raw material prices also impact the gellan gum market. Kelp from which gellan gum is extracted witnessed price volatility over the past few years affecting the production costs.
SWOT Analysis
Strength: Highly stable over wide pH and temperature ranges; Gellan gum forms thermally reversible gels.
Weakness: Limited applications due to high prices; Substitute threat from other hydrocolloids.
Opportunity: Growth in food, pharmaceutical and personal care industries offer opportunities; Potential in tissue engineering and biomedical applications.
Threats: Competition and price pressures from substitutes; Fluctuations in raw material costs.
Geographical Regions
North America holds major share of the global Gellan Gum Market in terms of value. The U.S. contributes substantial share in North America gellan gum market owing to expanding food processing industry. Europe has sizable market for gellan gum due to strong pharmaceutical industry in the region. Asia Pacific forecasts fastest growth and is emerging as major production and consumption hub for gellan gum. India and China are projected to fuel the Asia Pacific market growth.
The Middle East & Africa market demonstrates impressive growth potential for gellan gum market during forecast period. GCC countries offer lucrative opportunities supported by increasing health awareness. Latin America is at a nascent stage currently but expected to gain traction going ahead supported by economic developments in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
