The Global Gelling Agents Market is experiencing significant growth due to their versatile applications across various industries. Gelling agents play a crucial role in enhancing textures and providing stability to food and beverage products, pharmaceutical formulations, personal care products, and industrial processes. As consumer preferences shift towards natural and plant-based ingredients, the demand for gelling agents sourced from seaweed, pectin, and agar is increasing. The market's expansion is further fueled by the rising popularity of convenience foods, functional nutraceuticals, and texture-enhanced products, creating abundant opportunities for market players.
According to Data Bridge Market Research, the global gelling agents market is expected to reach a value of USD 5,817.21 million in 2021 and is expected to reach a value of USD 9,271.75 million by 2029, at a CAGR of 6.0% during the forecast period of 2022-2029.
" Changing consumer preferences surge market demand"
Changing consumer preferences are driving the demand for texture-enhanced products, such as gels, puddings, and desserts, in the food industry. Consumers today seek unique sensory experiences and innovative textures in their food choices. Gelling agents play a crucial role in achieving desired textures, providing the smoothness, thickness, and stability required for these products. As a result, food manufacturers are increasingly incorporating gelling agents to cater to consumer demands and create appealing, enjoyable, and visually attractive food items, contributing to the overall growth of the global gelling agents market in the food industry.
What restraints the growth of the global gelling agents market?
" High production costs can impede the market growth”
High production costs of certain gelling agents can limit their cost-effectiveness in various applications. The complex extraction or synthesis processes and the need for specialized equipment contribute to the elevated production expenses. As a result, gelling agents with high production costs may have limited usage in price-sensitive industries or applications where cost efficiency is critical. Manufacturers and researchers are continually exploring innovative and efficient production methods to mitigate these challenges and make gelling agents more economically viable for a broader range of applications.
Segmentation: Global Gelling Agents Market
The global gelling agents market is segmented on the basis of type, nature, application, and function and product type.
- On the basis of type, the gelling agents market is segmented into natural gelling agents, artificial gelling agents
- On the basis of nature, the gelling agents market is segmented into organic, conventional
- On the basis of application, the gelling agents market is segmented into food and beverage, cosmetics and personal care, pharmaceuticals, other applications
- On the basis of function, the gelling agents market is segmented into stabilizer, thickener, texturizer, emulsifier
- On the basis of product type, the gelling agents market is segmented into agar-agar, gellan gum, curdlan, xanthan gum, karaya gum, gelatin, pectin, guar gum, and gum arabic.
Regional Insights: North America dominates the Global Gelling Agents Market
North America's dominance in the gelling agents market is attributed to a combination of factors. Changing consumer demographics, including lifestyle modifications and increased awareness of healthy eating, drive the demand for gelling agents in various food products. Manufacturers' efforts to promote gelling agents' benefits have further contributed to market growth. The rising demand for fat reduction and changing food habits in the region have led to increased utilization of gelling agents in food formulations. Additionally, the growing confectionery market in the United States fuels the market's expansion, making North America a key player in the global gelling agents market.
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Recent Developments in Global Gelling Agents Market
- In 2021, In order to increase the shelf life of butter milk, GENU Pectin, a product based on natural ingredients, will be available starting according to CP Kelco. The company wants to grow its natural gelling agents business in India's fast-growing market with the launch of this product.
- In 2021, Kappa carrageenan, a substance used to enhance the texture of formulations that gel, will be available starting according to Cargill. The company wants to increase the number of environmentally friendly products it offers while also taking into account the preferences of today's customers.
The Prominent Key Players Operating in the Global Gelling Agents Market Include:
- Agrana Beteiligungs-AG (Austria)
- ADM (U.S.)
- AVEBE (Netherlands)
- Cargill, Incorporated (U.S.)
- Global Sweeteners Holdings Ltd (Hong Kong)
- Grain Processing Corporation (U.S.)
- Gulshan Polyols Ltd. (India)
- Feitian (China)
- Ingredion (U.S.)
- Luzhou.com AG (China)
- Matsutani Chemical industry Co, Ltd. (Japan)
- Qinhuangdao Lihua Starch Co Ltd (China)
- Roquette Frères (France)
- Shandong Xiwang Sugar Industry Co., Ltd (China)
- Shijiazhuang Huachen Starch Sugar Production Co., Ltd (China)
- Tate & Lyle (U.K.)
- Tereos (France)
- Zhucheng Dongxiao Biotechnology Co. Ltd. (China)
- Zhucheng Xingmao Corn Developing Co., Ltd. (China)
Above are the key players covered in the report, to know about more and exhaustive list of global gelling agents market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Gelling Agents Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
