An Incisive, In-depth Analysis on the Gellan Gum Market
This study offers a comprehensive, 360 degree analysis on the Gellan Gum market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gellan Gum market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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% and this segment is likely to be valued at around US$ 6 Mn by the end of the assessment period. Industrial and household segment will perform well in 2017 by creating a standard absolute dollar opportunity of more than US$ 0.1 Mn. In 2015 the pharmaceuticals segment was valued at more than US$ 3 Mn and this segment is likely to rise above US$ 7 Mn by expanding at a CAGR of 3.9% till the end of 2026.
Region wise performance analysis of the application category
In terms of value, the food segment is expected to hold a significant market share of the North America market during the forecast period. In North America, the food segment is anticipated to increase 1.4X in terms of volume. In Latin America, the food segment is anticipated to register significant revenue share during the forecast period. Amongst the various sub-segments of the food application segment, the food and beverages sub-segment is anticipated to record a high CAGR during the forecast period in the Latin America region. The food segment will dominate a considerable share of the Western Europe market throughout the assessed period. Amongst the sub-segments, the dairy products sub-segment will showcase better results and will record a good CAGR by the end of the assessment period. In Western Europe, the volume of the food segment will spike 1.4X during the forecast period. In Eastern Europe, the dairy products sub-segment is anticipated to register a high CAGR during the forecast period. The food segment will expand 1.2X till the end of 2026 in Eastern Europe.
In terms of value, China will spearhead the APEJ gellan gum market till the end of the forecast period. APEJ is anticipated to be the fastest growing market for gellan gum in terms of volume, registering a CAGR of 4.6% over the forecast period. In the APEJ region, the food segment will expand at a CAGR of 5.7% till the end of the projected period. Amongst the food sub-segments, the beverages sub-segment will record a CAGR of 6.4% by the end of 2026. In Japan, the food application segment is anticipated to register a significant market share during the forecast period.
A new market study conducted by Future Market Insights on the global gellan gum market titled “Gellan Gum Market: Global Industry Analysis and Forecast, 2016–2026,” presents an exhaustive market analysis of the global gellan gum market over a 10-year forecast period from 2016 to 2026. In this report we have done a comprehensive data analysis of all the major segments and provided a detailed insight into the global gellan gum market to companies operating in this market. We have also analysed the market performance in terms of both value and volume and gauged the core elements of the global gellan gum market such as production, and supply, sales and demand to understand the present and future growth trends of the global gellan gum market. In this report we have assessed the performance of the global gellan gum market across geographies to provide a clear idea to key stakeholders regarding the expansion potential of the global gellan gum market. Extensive research has gone into identifying the various elements that form the core components of study and the several factors likely to impact the global gellan gum market during the period of assessment. A concerted effort has gone into classifying the drivers (from both the demand and supply sides), restraints and challenges, and trends responsible for influencing the global gellan gum market in the coming years.
Our report on the global gellan gum market starts with a market overview followed by key definitions and an executive summary that gives a 360-degree view of the global gellan gum market. In the taxonomy section we have segmented the global gellan gum market on the basis of product type, application, and region. In the market dynamics section we focus on the various challenges and trends that are likely to redefine the image of this market in the assessment period. The next few sections quantify our analysis of the global gellan gum market by presenting data on the market size along with key performance metrics.
We have devoted the last section of the report to study the market performance of some of the top companies operating in the global gellan gum market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global gellan gum market.
Global Gellan Gum Market Segmentation
Besides extensive secondary research, our research team interacted with several key stakeholders present in the global gellan gum market to understand the behaviour of the market. We dissected this massive data gathered through primary and secondary research; validated the data using the triangulation method and finally scrutinised the obtained data using advanced tools to obtain qualitative and quantitative insights into the global gellan gum market.
In this report on the global gellan gum market, we have encapsulated the key metrics that accurately describe the global gellan gum market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global gellan gum market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global gellan gum market.
Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth. We feel this detailed level of information is important to identify the many key trends governing the global gellan gum market. Another notable feature of our report is an analysis of the revenue forecast of the global gellan gum market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global gellan gum market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global gellan gum market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.