NEW YORK, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Global Gelling Agent market size is expected to grow from USD 9,791.6 Million in 2016, to USD 13,910.0 Million in 2023, at a CAGR of 5.1% from 2017 to 2023. Factors propelling the growth of market include an increasing consumer demand for processed foods and dietary supplements. Gelling agent along with emulsifier is used to maintain the texture of food. Further, growing usage of gelling agent as excipients for both conventional and novel dosage has led to increasing demand in pharmaceutical industry. The report segments the Gelling Agent market by Type (Aqueous, Non-Aqueous), by Product (Gelatin, Carrageenan, Petroleum Distillate, Guar Gum, Xantham Gum, Polysaccharide Blend, Sodium Alginate, Others), by Application (Chemical, Oil and Gas ((Upstream, Downstream), Food Formulation, Pharmaceuticals, Paint and Coating, Cosmetic, Others) and by region (North America, Europe, Asia-Pacific, Rest of the World). The report studies the global Gelling Agent market over the forecast period (2017-2023).
Gelling agent are hydrocolloidal substances providing thickening consistency to the gel over the time. As gelling agents are required for formulating both solid and semisolid media, they are widely used in across various industries. Demand for gelling agent is primarily attributed to its importance in food, pharmaceutical and oil and gas industries.
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Key findings from global Gelling Agent market
- Gelatin being the most used hydrocolloid is accounted to hold the largest share of gelling agent market in 2016. The high consumption of gelatin in food, pharmaceutical and cosmetic application owing to unique and versatile nature drive its demand globally
- The Food formulation application is accounted for the highest consumption of gelling agent. The need for processed ford low in sugar, calorie and fat would continue to grow worldwide over the coming years driving the demand for gelling agents
- Geographically, North America is the largest market for gelling agent market in 2016. The growth in the region is primarily due to larger demand for the development of high-quality, reduced-calorie products such as low-fat ice cream, milk products, cakes and pastries. Further shell gas development has led to higher demand for gelling agent while carrying drilling operation
- Key players in Gelling Agent Market are Naturex, Tate & Lyle, DuPont, Cargill, ADM, Nexira, Kerry, Ingredion, Tic Gums, Agro Gums, Riken Vitamin, CP Kelco, Avebe,Taiyo International, Palsgaard, Fuerst Day Lawso among others.
Gelling Agent- providing versatile solution to medicine and pharmaceutical industry
All pharmaceutical dosage forms need additives to get the desired effect of the active ingredients. Gelling agents due to its unique adhesive, gelling and film-building properties are used as a raw material for manufacturing of capsules and film- coated tablets. Easy to ingest and swallow these tablet and capsule coated with gelatin has created opportunity for the growth of gelatin market in pharmaceutical industry. Further the development of gelling agent of natural origin, has led to greater usage of gelling agent by pharmaceutical world for the formulation process. These natural gelling agents have advantages over synthetic ones owing to safer, biodegradable nature. Moreover, the orientation of pharma industry towards these naturally derived gelling agents has led to increasing efforts to discover, extract and purify such compounds from the natural origin.
Gelling Agent Market- Regional Insight
North-America represents largest region for the growth of gelling agent market. Innovations in the food processing industry, and consumer demand for textured food has resulted in major usage of gelling agents as a food additive. Further increasing usage of gelling agent as a preferred surfactant for acid has led to greater demand for gelling agent by shell gas industry in the region. Asia-Pacific is expected to witness high growth over the forecast period. The growth in the region is owned to fast growing food processing and pharmaceutical industry. The growing application in healthcare sector including emergency medicine, surgical application and pharmaceutical excipient is driving the demand for gelling agents in the region. Europe as a second largest market continually invest in R&D to develop products with enhanced properties to meet the demand for gelling agents in various end-user industry.
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