Global gellan gum market is expected to grow at a compound annual growth rate of 3.83% over the period 2018 to 2023. The market is expected to reach US$62.96 million by 2023 from a market size of US$50.257 million in 2017.
Growing global aging population and increasing demand for cosmetics and personal products is further driving the growth of gellan gum market across the globe. Gellan gum is currently being used as a multifunctional additive in various pharmaceutical products for oral, nasal, ophthalmic, and other applications due to its unique structure and beneficial properties. Thus, growing pharmaceutical industry owing to rising incidence of chronic diseases and growing healthcare industry across the globe will continue to propel the growth of global gellan gum market over the forecast period.
North America holds a significant share in the global market on account of growing applications of gellan gum in food & beverage and pharmaceutical industry in the region. The market in the Asia Pacific is expected to witness a high growth rate over the forecast period due to increasing production of gellan gum in this region.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others.
- Low-Acyl Gellan Gum
- High-Acyl Gellan Gum
- Food and Beverage
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Gellan Gum Market Forecast by Type (US$ billion)
6. Gellan Gum Market Forecast by Application (US$ billion)
7. Gellan Gum Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
- Biopolymer International
- Xinjiang Fufeng Biotechnologies
- Hawkins Watts
- CP Kelco
- Hangzhou Gellan Solutions
- Foodchem International Corporation
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