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GELLAN GUM MARKET ANALYSIS

Gellan Gum Market, By Type (High Acyl Content and Low Acyl Content), By Application (Food & Beverages, Pharmaceuticals , Cosmetics & Personal Care , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Apr 2024
  • Code : CMI2205
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Regional Analysis

Gellan Gum Market Regional Insights

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North America has emerged as the dominant region in the global gellan gum market. This can be attributed to a strong presence of leading processed food manufacturers and growing awareness about healthy ingredients among consumers with 39.2% of the market share. The U.S. accounts for the majority of the demand due to increasing adoption of gellan gum as a stabilizer and thickening agent by food processing industry. Well-established food additive distribution channels facilitate easy availability of gellan gum. However, the regional market is facing pricing pressure as manufacturers focus on importing gellan gum from Asian markets at lower costs. This has led to increased private label presence. Additionally, fluctuating supply from key producers impact pricing stability in the North American market. Despite the challenges, growth is expected to continue given strong R&D investments by majors to develop new applications of gellan gum.

The Asia Pacific region, especially China, is evidencing the fastest growth and emerging as a lucrative market. This can be largely credited to capacity expansion initiatives by domestic producers in response to rising local demand and their focus on exports. Countries like India are also projected to boost overall regional market size due to developing processed food sector and growing health-savvy population. Compared to other markets, gellan gum finds larger acceptance in Asia Pacific food applications owing to affordable costs and availability of varied grades. The region also enjoys certain trade advantages considering exemption from high import duties on gellan gum in a. This is positively impacting imports and market penetration

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