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The global food grade gellan gum market is anticipated to witness a crucial rise during the forecast period, owing to the rising demand for natural ingredients across food & beverage industry. Consumers growing reluctance towards food products made by using synthetic ingredients, coupled with health benefitting properties of food-grade gellan gum is expected to further propel the growth of the market in the forthcoming years.
Key companies operating in the global food grade gellan gum market are focusing on the launch of new products to be utilized in the production of various food & beverage products, along with expanding the production capacity. Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), and Dancheng Caixin Sugar Industry Co. Ltd. (China) are some of the key companies performing in the global food grade gellan gum market.
Key Market Driver -
Growing consumer inclination towards organic food is expected to drive the market growth.
Key Market Restraint -
High cost of high quality food grade gellan gum is expected restrain the market growth.
Gellan gum is a polysaccharide secreted by Sphingomonas elodea and to produce the polysaccharide commercially process of fermentation is widely used. The product is widely used across the food & beverage industry due to its high efficacy in improving texture of food products and stabilizing certain mixtures. Gellan gum has approval from U.S. Department of Agriculture to be utilized in the production of organic food products.
The food-grade gellan gum market is projected to expand at a considerable pace during the forecast period, due to increasing utilization of the product as a texturizer, coating agent, thickening & gelling agent, emulsifying agent, and as stabilizers in food & beverage industry. Growing consumption of convenience foods is anticipated to boost the growth of the food-grade gellan gum market in the upcoming years. Furthermore, growing awareness regarding the health benefits of gellan gum over other synthetic gums, coupled with increased adoption of the ingredient by food & beverage manufacturers is expected to propel the growth of global food grade gellan gum market during the forecast years.
High cost associated with extraction and commercialization of food-grade gellan gum is projected to hinder the market growth during the foreseeable years. The availability of a number of substitutes for food-grade gellan gum is further projected to restrain the global food grade gellan gum market during the forecast period.
Some of the major companies that are present in the global food grade gellan gum market are DowDuPont Inc. (U.S.), Ingredion Incorporated (U.S.), Hawkins Watts (Australia), Cargill Incorporated (U.S.), Hebei Xinhe Biochemical Co., Ltd. (China), Dancheng Caixin Sugar Industry Co. Ltd. (China), Fufeng Group (China), Meron Group (India), Koninklijke DSM N.V. (Netherlands), and Biopolymer International (Belgium) among the other players operating in the global food grade gellan gum market.
On the basis of product type, the global food grade gellan gum market has been segmented into high acyl food-grade gellan gum and low acyl food-grade gellan gum. The high acyl food-grade gellan gum segment is projected to hold a significant market share due to its characteristics that include high elasticity and softness that is required in various food and beverage applications. The anticipated increase in the use of high acyl gellan gum as an emulsifier, thickening or stabilizing agents across food and beverage industry is projected to boost the growth of the segment during the upcoming years.
On the basis of application, the global food grade gellan gum market has been segmented into bakery, confectionery, meat & poultry, dairy products, beverages, and others. Among these, the application of food-grade gellan gum for preparation of bakery and confectionery products is expected to be the highest during the forecast years, as gellan gum is gaining rapid recognition as a crucial stabilizing and emulsifying agent in bakery and confectionery products.
Asia Pacific is projected to hold a significant market share in the global food grade gellan gum market owing to the rapidly expanding food & beverage industry of APAC, attributed by the growing population in the emerging economies of the region. The presence of significant market players such as Caixin Sugar Industry Co. Ltd., Meron Group, and others in Asia Pacific is further expected to boost the market growth of food-grade gellan gum market of Asia.
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The food-grade gellan gum demand across the European market is expected to remain high throughout the forecast years, due to increasing utilization of gellan gum as food additives in the production of number of food products. Approval for the usage of food-grade gellan gum from food regulatory authorities is further expected to drive the growth of food-grade gellan gum market across Europe and North America.
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