The worldwide market for gellan gum is witnessing significant growth due to growing demand from food additives industry. It is basically used as a substitute to hydrocolloids in dairy products and beverages, thus fuelling its demand in the food industry.
Global Gellan Gum Market: Drivers
The ability of a gellan gum is to maintain the structuring and elasticity of the molecules, thus prevents ingredients from the changing temperature. This particular factor is likely to grow the demand for the product in the market. The gellan gum is also been used as a substitute to gelatin in the production of vegan varieties of gum candies. This lead to fuel the growth of the market. Several international events were organized to promote the use of gellan gum to raise its consumer base across the globe. This factor creates positive impact on the market in the near future.
However, increasing rates of these products is likely to restrain the growth of the worldwide market for gellan gum during the anticipated period.
Global Gellan Gum Market: Segmental analysis
The global market for gellan gum is segmented into application and product type. Based on product type, the market is sub-segmented into High Acyl Gellan Gum and Low Acyl Gellan Gum.
The application segment is further segmented into the Pharmaceutical Industry, Food Additives Industry, and Daily-Chemical Industry. The food additives segment is likely to hold the largest position in the market during the predicted period.
Global Gellan Gum Market: Geographical Analysis
North America is likely to hold the major share in the market for gellan gum due to the high demand for food additives applications. Europe is expected to be the leading market for gellan gum due to the increasing popularity of food and beverages sector in the region. The Asia Pacific is also likely to dominate the market due to high production volumes of gellan gums in emerging economies such as China. The percentage of import and export for gellan gum is high in the US. The US supplies the gellan gum in the markets of Japan, Latin America, and Europe. China also supplies the gellan gum in the other Asia Pacific regions.
Fufeng Group Limited (SEHK: 546) Adjusted Slope Reading Hits -18.75528
Fufeng group ltd. is presenting an adjusted average slope of the past 125 and 250 days is -18.75528. Coming down to additional key term indicator, the Capex to PPE ratio of the Fufeng Group Limited stands at 0.249333. In terms of debt ratios, debt-equity ratios are 0.35558 and Free Cash Flow to debt-equity ratios is -0.350239. This ratio offers an insight into the firm's total debt compared to the company's generated Free Cash Flow Statement. In terms of Net Debt to Earnings before Interest and Tax, that ratio stands to1.85469. Lastly, the Fufeng Group Limited's Net Debt to Market Value ratio currently stands at 0.322690.
Global Gellan Gum Market: Key Players
Key players operating in the worldwide market for gellan gum are DSM Zhongken, Teejoy and Hebei Xinhe, Fufeng Group, CP Kelco Tech-way Zhejiang, Dancheng Caixin, and Inner Mongolia Rainbow Biotech.
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