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Gellan Gum Market By Product Type (High Acyl Content, Low Acyl
Content), Application (Food , Confectionary, Jams and Jellies,
Fabricated Foods) & Region - Forecast to 2016 - 2026
Gellan Gum Market - Analysis, Outlook, Growth, Trends, Forecasts
January 2017 | REP-GB-1801 |
200 pages
|
Food and
Beverage
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Food segment to play a crucial role in
changing the climate of the global gellan
gum market
Sales of gellan gum is projected to cross US$ 60 Mn by 2026.
Sales revenue is likely to record a CAGR of 4.3% over the
forecast period. Among the various applications, the food
segment dominated the global gellan gum market with more
than 50% market share in 2016. Owing to increasing use of
gellan gum in food and beverages products globally, the market
for food and beverages products is witnessing significant
growth.
Presently, gellan gum is widely used as an alternative for
various hydrocolloids such as carrageenan gum in various dairy
products, protein enriched drinks and other beverages. Gellan
gum enables uniform dispersion and suspension of insoluble
particulates in protein-fortified beverages and nut milks.
Manufacturers of gellan gum are expanding their production
capacity to meet the increasing market demand. Various
international events are organised to promote the usage of
gellan gum and to increase its customer base around the globe.
In 2015, the food segment was valued at more than US$ 23 Mn
and is likely to project good growth throughout the forecast
period. This segment is anticipated to cross US$ 40 Mn by the
end of 2026 and record a CAGR of 4.7% over the assessment
period. Personal care and cosmetics segment is expected to
increase 1.3X in terms of value over the forecast period,
registering a CAGR of 3.2% an