Global gellan gum market is expected to register a steady CAGR of 4.34% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant increase in the adoption rate of the product from food & beverages industry as well as various functional benefits of the product in improving the end-use characteristics.
Key Market Competitors:
Few of the major competitors currently working in the global gellan gum market are CP Kelco U.S., Inc.; Caixin; HANGZHOU GELLAN SOLUTIONS BIOTEC CO., LTD.; HEBEI XINHE BIOCHEMICAL CO . ,LTD; meron; Yifeng Group; Koninklijke DSM N.V.; Biopolymer International; H & A Canada Inc.; Hawkins Watts Limited; IHC-I.H. Chempharm GmbH; Foodchem International Corporation; AVANSCHEM; Lidgen Hangzhou Gellan Solutions; C.E. Roeper GmbH and TIC Gums, Inc. among others.
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Increasing levels of geriatric population subsequently increasing the demand of cosmetics and personal care products; is expected to drive the growth of the market
Growing applications in healthcare and pharmaceutical products is also expected to augment growth of the market
Increasing consumption of processed and packaged food products from various regions of the world is expected to augment growth of the market
Presence of strict regulations presented by the authorities for the use of gellan gum in food applications is expected to restrict the growth of the market
Presence of various alternative food ingredients that act as modifiers is also expected to restrict the growth of the market
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Segmentation: Global Gellan Gum Market
By Product Type
High Acyl Content
Low Acyl Content
Jams & Jellies
Pie Fillings & Puddings
Personal Care & Cosmetics
Industrial & Household Cleaners
Middle East and Africa
Key Developments in the Market:
In May 2019, CP Kelco U.S., Inc. announced that they had decided to expand their gellan gum production facility situated in Asia-Pacific region. The expansion will focus on building new production site situated in Wulian, China which will help in keeping a continuous supply of high-quality gum products for the region
In April 2018, Azelis announced that they had agreed with CP Kelco U.S., Inc. for the distribution of their products from their food segment in Indonesia. The products including pectin, gellan gum as well as xantham gum products which will improve the penetration of these products in the market as well as increase the growth opportunities of the company in the region
Global gellan gum market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gellan gum market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Insights in the report:
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
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