封面
市场调查报告书
商品编码
1801301

全球食品结兰胶市场:产业分析、规模、份额、成长、趋势与预测(2025-2032)

Food Grade Gellan Gum Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

出版日期: | 出版商: Persistence Market Research | 英文 189 Pages | 商品交期: 2-5个工作天内

价格
简介目录

预计 2025 年全球食品结兰胶市场价值将达到 2.876 亿美元,到 2032 年将达到 4.382 亿美元,预测期内(2025-2032 年)的复合年增长率为 6.2%。

食品级结结兰胶是一种源自真菌鞘氨醇单胞菌(Sphingomonas elodea)的高性能亲水胶体。它广泛用于食品和饮料行业,用作稳定剂、胶凝剂和增稠剂。它尤其因其在低浓度下即可形成凝胶,并在各种温度和pH值下保持稳定而备受青睐。食品级结结兰胶市场应用广泛,包括乳製品、食品和饮料、植物来源替代品、烘焙产品和糖果甜点。市场成长的动力源于对洁净标示成分、纯素友善亲水胶体以及高级食品调质剂日益增长的需求,这些增稠剂可在不改变风味的情况下改善口感和稳定性。

市场成长动力

全球食品用结兰胶市场的发展受到人们对天然、植物来源和无过敏原食品成分日益增长的偏好的推动。随着纯素食和素食主义的日益普及,结兰胶已成为明胶等动物性胶凝剂的理想替代品。此外,其在低糖、低脂和机能性食品配方中的卓越性能,也顺应了日益增长的健康意识。植物奶和优格等替代乳製品的快速成长,进一步推动了对结兰胶结兰胶的需求,因为它有助于稳定和提高这些产品的一致性。监管部门的核准和在有机食品加工领域的认可也推动了市场渗透。

市场限制

儘管需求不断成长,食品级结兰胶市场仍面临生产成本高、原料可得性有限等挑战。结兰胶生产过程中复杂的发酵过程导致其价格相对于传统亲水胶体而言相对较高。此外,一些新兴市场中监管审批的地区差异以及消费者对结兰胶的不熟悉可能会限制其应用。食品製造商(尤其是在註重成本的市场)对价格的敏感度可能会进一步影响其成长潜力。确保每批产品的品质和性能始终如一,对生产商而言仍然是一项技术挑战。

市场机会

食品结兰胶市场为清洁标籤食品、机能性食品和高端食品的开发提供了巨大的机会。随着消费者对食品成分透明度的要求日益提高,製造商可以利用结兰胶的天然来源和无E编码分类。在强化饮料、代餐饮料和烹饪凝胶等新领域的应用拓展,为结冷胶提供了进一步的成长途径。在研发方面进行投资,以创新配方以及与其他亲水胶体的协同作用,有可能提升产品性能并拓宽应用领域。客製化质构解决方案和食品个人化的日益普及,也有望推动对结兰胶等多功能胶凝剂的需求。

本报告研究了全球食品结兰胶市场,并提供了按类型、功能、销售管道、区域趋势和公司概况分類的市场资讯。

目录

第一章执行摘要

第二章 市场概述

  • 市场范围和定义
  • 价值链分析
  • 宏观经济因素
  • 预测因子-相关性和影响力
  • COVID-19影响评估
  • PESTLE分析
  • 波特五力分析
  • 地缘政治紧张局势:市场影响
  • 监管和技术格局

第三章 市场动态

  • 驱动程式
  • 抑制因素
  • 机会
  • 趋势

第四章 2019-2032年价格趋势分析

  • 区域价格分析
  • 按细分市场定价
  • 价格影响因素

第五章。全球食品结兰胶市场展望:实际(2019-2024 年)与预测(2025-2032 年)

  • 主要亮点
  • 全球食品结兰胶市场展望(按类型)
    • 简介/主要发现
    • 2019-2024 年按类型分類的市场规模分析
    • 2025 年至 2032 年各类型当前市场规模预测
      • 高酰基
      • 低酰基
    • 按类型分析市场吸引力
  • 全球食品结兰胶市场功能展望
    • 简介/主要发现
    • 2019-2024 年按类型分類的市场规模分析
    • 2025 年至 2032 年各类型当前市场规模预测
      • 增稠剂
      • 稳定剂
      • 乳化剂
      • 凝胶化

第六章被覆剂

      • 纹理
    • 市场吸引力分析:特点
  • 全球食品结兰胶市场依销售管道展望
    • 简介/主要发现
    • 2019-2024 年按销售管道分類的市场规模分析
    • 2025 年至 2032 年按销售管道分類的当前市场规模预测
      • 麵包店
      • 糖果甜点
      • 乳製品
      • 肉类和家禽
      • 酱汁和调味品
    • 按销售管道进行市场吸引力分析

7. 全球食品结兰胶市场按地区展望

  • 主要亮点
  • 2019-2024 年各地区市场规模趋势分析
  • 2025 年至 2032 年各地区目前市场规模预测
    • 北美洲
    • 欧洲
    • 东亚
    • 南亚和大洋洲
    • 拉丁美洲
    • 中东和非洲
  • 按地区分析市场吸引力

第 8 章。北美食品结兰胶市场展望:实际(2019-2024 年)与预测(2025-2032 年)

第九章被覆剂

    • 纹理
  • 2025 年至 2032 年北美市场规模预测(依销售管道)

第 10 章欧洲食品结兰胶市场展望:实际(2019-2024 年)与预测(2025-2032 年)

第 11 章被覆剂

    • 纹理
  • 2025 年至 2032 年欧洲市场规模预测(依销售管道)

第 12 章。东亚食品结兰胶市场展望:实际(2019-2024 年)与预测(2025-2032 年)

第十三章被覆剂

    • 纹理
  • 2025-2032年东亚市场规模预测(依销售管道)

第 14 章。南亚和大洋洲食品结兰胶市场展望:实际(2019-2024 年)和预测(2025-2032 年)

第十五章被覆剂

    • 纹理
  • 2025 年至 2032 年南亚及大洋洲市场规模预测(依销售管道)

第 16 章拉丁美洲食品结兰胶市场展望:实际结果(2019-2024 年)和预测(2025-2032 年)

第17章被覆剂

    • 纹理
  • 2025 年至 2032 年拉丁美洲市场规模预测(依销售管道)

第 18 章:中东和非洲食品结兰胶市场展望:实际(2019-2024 年)和预测(2025-2032 年)

第19章被覆剂

    • 纹理
  • 2025 年至 2032 年中东和非洲市场规模预测(依销售管道)

第二十章 竞争格局

  • 2025年市场占有率分析
  • 市场结构
  • 公司简介
    • CP Kelco
    • DowDuPont, Inc.
    • Cargill, Inc.
    • Ingredion Inc.
    • Hawkins Watts.
    • Fufeng Group
    • Inner Mongolia Rainbow Biotech Co. Ltd
    • Meron Group
    • Hebei Xinhe Biochemical Co., Ltd.
    • Hangzhou Gellan Solutions Biotec Co., Ltd. Lubrizol Corporation
    • Zhejiang DSM Zhongken Biotechnology Co., Ltd.
    • Zhejiang Tech-Way Biochemical Co., Ltd.
    • Dancheng Caixin Sugar Industry Co. Ltd.

第21章 附录

简介目录
Product Code: PMRREP27055

Persistence Market Research has recently released a comprehensive report on the worldwide market for food grade gellan gum. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global food grade gellan gum market from 2025 to 2032.

Key Insights:

  • Food Grade Gellan Gum Market Size (2025E): USD 287.6 Million
  • Projected Market Value (2032F): USD 438.2 Million
  • Global Market Growth Rate (CAGR 2025 to 2032): 6.2%

Food Grade Gellan Gum Market - Report Scope:

Food grade gellan gum is a high-performance hydrocolloid derived from the bacterium Sphingomonas elodea, widely used in the food and beverage industry as a stabilizer, gelling agent, and thickener. It is particularly valued for its ability to form gels at low concentrations and for its stability across a wide range of temperatures and pH levels. The food grade gellan gum market serves diverse applications including dairy products, beverages, plant-based alternatives, bakery items, and confectionery. Market growth is driven by increasing demand for clean label ingredients, vegan-friendly hydrocolloids, and advanced food texturizers that enhance mouthfeel and stability without altering flavor profiles.

Market Growth Drivers:

The global food grade gellan gum market is propelled by the rising preference for natural, plant-based, and allergen-free food ingredients. With the growing popularity of vegan and vegetarian diets, gellan gum has emerged as a suitable alternative to animal-derived gelling agents such as gelatin. Additionally, its excellent performance in low-sugar, low-fat, and functional food formulations supports the increasing trend toward health-conscious eating. Rapid growth in the dairy alternative segment-including plant-based milks and yogurts-has further boosted demand for gellan gum as it helps stabilize and enhance the consistency of such products. Regulatory approvals and its acceptance in organic food processing also support wider market penetration.

Market Restraints:

Despite the rising demand, the food grade gellan gum market faces challenges including high production costs and limited raw material availability. Complex fermentation processes involved in its production contribute to relatively higher prices compared to conventional hydrocolloids. Furthermore, regional variations in regulatory approvals and consumer unfamiliarity with the ingredient in some emerging markets may restrict its usage. Price sensitivity among food manufacturers, especially in cost-conscious markets, may further impact growth potential. Ensuring consistent quality and performance across batches also remains a technical challenge for producers.

Market Opportunities:

The food grade gellan gum market presents substantial opportunities in the development of clean-label, functional, and premium food products. As consumers increasingly demand transparency in food ingredients, manufacturers can capitalize on gellan gum's natural origin and E-number-free classification. Expanding applications in new segments such as fortified beverages, meal replacement drinks, and culinary gels offer further growth avenues. Investment in research and development to innovate blends and synergies with other hydrocolloids could improve product performance and broaden usage. The rising popularity of customized texture solutions and food personalization will also drive demand for versatile gelling agents like gellan gum.

Key Questions Answered in the Report:

  • What are the primary factors driving the growth of the food grade gellan gum market globally?
  • Which applications and product segments are expanding the usage of food grade gellan gum across the food industry?
  • How are clean label and plant-based trends influencing the dynamics of the food grade gellan gum market?
  • Who are the key players contributing to the food grade gellan gum market, and what strategies are they employing to maintain market relevance?
  • What are the emerging trends and future prospects in the global food grade gellan gum market?

Competitive Intelligence and Business Strategy:

Leading players in the global food grade gellan gum market, including CP Kelco, Meron Group , DowDuPont, Inc., and Fufeng Group, focus on technological advancement, clean-label innovation, and global distribution expansion to maintain a competitive edge. These companies invest in process optimization to reduce production costs and improve yield while ensuring sustainable sourcing and environmental compliance. Strategic partnerships with food manufacturers and R&D institutions help in developing tailored hydrocolloid solutions for specific applications. Furthermore, expanding production capacity, particularly in Asia-Pacific and North America, enables companies to meet the growing demand for high-performance food stabilizers.

Key Companies Profiled:

  • CP Kelco
  • DowDuPont, Inc.
  • Cargill, Inc.
  • Ingredion Inc.
  • Hawkins Watts.
  • Fufeng Group
  • Inner Mongolia Rainbow Biotech Co. Ltd
  • Meron Group
  • Hebei Xinhe Biochemical Co., Ltd.
  • Hangzhou Gellan Solutions Biotec Co., Ltd. Lubrizol Corporation
  • Zhejiang DSM Zhongken Biotechnology Co., Ltd.
  • Zhejiang Tech-Way Biochemical Co., Ltd.
  • Dancheng Caixin Sugar Industry Co. Ltd.

Food Grade Gellan Gum Industry Research by Category

By Type:

  • High Acyl
  • Low Acyl

By Function:

  • Thickener
  • Stabilizer
  • Emulsifier
  • Gelling
  • Coating
  • Texturizing

By Sales Channel:

  • Bakery
  • Confectionery
  • Dairy
  • Meat & Poultry
  • Beverages
  • Sauces and Dressings

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Table of Contents

1. Executive Summary

  • 1.1. Global Food Grade Gellan Gum Market Snapshot 2025 and 2032
  • 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
  • 1.3. Key Market Trends
  • 1.4. Industry Developments and Key Market Events
  • 1.5. Demand Side and Supply Side Analysis
  • 1.6. PMR Analysis and Recommendations

2. Market Overview

  • 2.1. Market Scope and Definitions
  • 2.2. Value Chain Analysis
  • 2.3. Macro-Economic Factors
    • 2.3.1. Global GDP Outlook
    • 2.3.2. Global GDP Outlook
    • 2.3.3. Global economic Growth Forecast
    • 2.3.4. Global Urbanization Growth
    • 2.3.5. Other Macro-economic Factors
  • 2.4. Forecast Factors - Relevance and Impact
  • 2.5. COVID-19 Impact Assessment
  • 2.6. PESTLE Analysis
  • 2.7. Porter's Five Forces Analysis
  • 2.8. Geopolitical Tensions: Market Impact
  • 2.9. Regulatory and Technology Landscape

3. Market Dynamics

  • 3.1. Drivers
  • 3.2. Restraints
  • 3.3. Opportunities
  • 3.4. Trends

4. Price Trend Analysis, 2019-2032

  • 4.1. Region-wise Price Analysis
  • 4.2. Price by Segments
  • 4.3. Price Impact Factors

5. Global Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 5.1. Key Highlights
  • 5.2. Global Food Grade Gellan Gum Market Outlook: Type
    • 5.2.1. Introduction/Key Findings
    • 5.2.2. Historical Market Size (US$ Mn) Analysis by Type, 2019-2024
    • 5.2.3. Current Market Size (US$ Mn) Forecast, by Type, 2025-2032
      • 5.2.3.1. High Acyl
      • 5.2.3.2. Low Acyl
    • 5.2.4. Market Attractiveness Analysis: Type
  • 5.3. Global Food Grade Gellan Gum Market Outlook: Function
    • 5.3.1. Introduction/Key Findings
    • 5.3.2. Historical Market Size (US$ Mn) Analysis by Function, 2019-2024
    • 5.3.3. Current Market Size (US$ Mn) Forecast, by Function, 2025-2032
      • 5.3.3.1. Thickener
      • 5.3.3.2. Stabilizer
      • 5.3.3.3. Emulsifier
      • 5.3.3.4. Gelling

6. 5.3.3.4.6. Coating

  • 6.1.
    • 6.1.1.
      • 6.1.1.1. Texturizing
    • 6.1.2. Market Attractiveness Analysis: Function
  • 6.2. Global Food Grade Gellan Gum Market Outlook: Sales Channel
    • 6.2.1. Introduction/Key Findings
    • 6.2.2. Historical Market Size (US$ Mn) Analysis by Sales Channel, 2019-2024
    • 6.2.3. Current Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
      • 6.2.3.1. Bakery
      • 6.2.3.2. Confectionery
      • 6.2.3.3. Dairy
      • 6.2.3.4. Meat & Poultry
      • 6.2.3.5. Beverages
      • 6.2.3.6. Sauces and Dressings
    • 6.2.4. Market Attractiveness Analysis: Sales Channel

7. Global Food Grade Gellan Gum Market Outlook: Region

  • 7.1. Key Highlights
  • 7.2. Historical Market Size (US$ Mn) Analysis by Region, 2019-2024
  • 7.3. Current Market Size (US$ Mn) Forecast, by Region, 2025-2032
    • 7.3.1. North America
    • 7.3.2. Europe
    • 7.3.3. East Asia
    • 7.3.4. South Asia & Oceania
    • 7.3.5. Latin America
    • 7.3.6. Middle East & Africa
  • 7.4. Market Attractiveness Analysis: Region

8. North America Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 8.1. Key Highlights
  • 8.2. Pricing Analysis
  • 8.3. North America Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 8.3.1. U.S.
    • 8.3.2. Canada
  • 8.4. North America Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 8.4.1. High Acyl
    • 8.4.2. Low Acyl
  • 8.5. North America Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 8.5.1. Thickener
    • 8.5.2. Stabilizer
    • 8.5.3. Emulsifier
    • 8.5.4. Gelling

9. 7.5.4.6. Coating

  • 9.1.
    • 9.1.1. Texturizing
  • 9.2. North America Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 9.2.1. Bakery
    • 9.2.2. Confectionery
    • 9.2.3. Dairy
    • 9.2.4. Meat & Poultry
    • 9.2.5. Beverages
    • 9.2.6. Sauces and Dressings

10. Europe Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 10.1. Key Highlights
  • 10.2. Pricing Analysis
  • 10.3. Europe Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 10.3.1. Germany
    • 10.3.2. Italy
    • 10.3.3. France
    • 10.3.4. U.K.
    • 10.3.5. Spain
    • 10.3.6. Russia
    • 10.3.7. Rest of Europe
  • 10.4. Europe Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 10.4.1. High Acyl
    • 10.4.2. Low Acyl
  • 10.5. Europe Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 10.5.1. Thickener
    • 10.5.2. Stabilizer
    • 10.5.3. Emulsifier
    • 10.5.4. Gelling

11. 8.5.4.6. Coating

  • 11.1.
    • 11.1.1. Texturizing
  • 11.2. Europe Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 11.2.1. Bakery
    • 11.2.2. Confectionery
    • 11.2.3. Dairy
    • 11.2.4. Meat & Poultry
    • 11.2.5. Beverages
    • 11.2.6. Sauces and Dressings

12. East Asia Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 12.1. Key Highlights
  • 12.2. Pricing Analysis
  • 12.3. East Asia Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 12.3.1. China
    • 12.3.2. Japan
    • 12.3.3. South Korea
  • 12.4. East Asia Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 12.4.1. High Acyl
    • 12.4.2. Low Acyl
  • 12.5. East Asia Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 12.5.1. Thickener
    • 12.5.2. Stabilizer
    • 12.5.3. Emulsifier
    • 12.5.4. Gelling

13. 9.5.4.6. Coating

  • 13.1.
    • 13.1.1. Texturizing
  • 13.2. East Asia Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 13.2.1. Bakery
    • 13.2.2. Confectionery
    • 13.2.3. Dairy
    • 13.2.4. Meat & Poultry
    • 13.2.5. Beverages
    • 13.2.6. Sauces and Dressings

14. South Asia & Oceania Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 14.1. Key Highlights
  • 14.2. Pricing Analysis
  • 14.3. South Asia & Oceania Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 14.3.1. India
    • 14.3.2. Southeast Asia
    • 14.3.3. ANZ
    • 14.3.4. Rest of SAO
  • 14.4. South Asia & Oceania Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 14.4.1. High Acyl
    • 14.4.2. Low Acyl
  • 14.5. South Asia & Oceania Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 14.5.1. Thickener
    • 14.5.2. Stabilizer
    • 14.5.3. Emulsifier
    • 14.5.4. Gelling

15. 10.5.4.6. Coating

  • 15.1.
    • 15.1.1. Texturizing
  • 15.2. South Asia & Oceania Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 15.2.1. Bakery
    • 15.2.2. Confectionery
    • 15.2.3. Dairy
    • 15.2.4. Meat & Poultry
    • 15.2.5. Beverages
    • 15.2.6. Sauces and Dressings

16. Latin America Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 16.1. Key Highlights
  • 16.2. Pricing Analysis
  • 16.3. Latin America Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 16.3.1. Brazil
    • 16.3.2. Mexico
    • 16.3.3. Rest of LATAM
  • 16.4. Latin America Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 16.4.1. High Acyl
    • 16.4.2. Low Acyl
  • 16.5. Latin America Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 16.5.1. Thickener
    • 16.5.2. Stabilizer
    • 16.5.3. Emulsifier
    • 16.5.4. Gelling

17. 11.5.4.6. Coating

  • 17.1.
    • 17.1.1. Texturizing
  • 17.2. Latin America Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 17.2.1. Bakery
    • 17.2.2. Confectionery
    • 17.2.3. Dairy
    • 17.2.4. Meat & Poultry
    • 17.2.5. Beverages
    • 17.2.6. Sauces and Dressings

18. Middle East & Africa Food Grade Gellan Gum Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

  • 18.1. Key Highlights
  • 18.2. Pricing Analysis
  • 18.3. Middle East & Africa Market Size (US$ Mn) Forecast, by Country, 2025-2032
    • 18.3.1. GCC Countries
    • 18.3.2. South Africa
    • 18.3.3. Northern Africa
    • 18.3.4. Rest of MEA
  • 18.4. Middle East & Africa Market Size (US$ Mn) Forecast, by Type, 2025-2032
    • 18.4.1. High Acyl
    • 18.4.2. Low Acyl
  • 18.5. Middle East & Africa Market Size (US$ Mn) Forecast, by Function, 2025-2032
    • 18.5.1. Thickener
    • 18.5.2. Stabilizer
    • 18.5.3. Emulsifier
    • 18.5.4. Gelling

19. 12.5.4.6. Coating

  • 19.1.
    • 19.1.1. Texturizing
  • 19.2. Middle East & Africa Market Size (US$ Mn) Forecast, by Sales Channel, 2025-2032
    • 19.2.1. Bakery
    • 19.2.2. Confectionery
    • 19.2.3. Dairy
    • 19.2.4. Meat & Poultry
    • 19.2.5. Beverages
    • 19.2.6. Sauces and Dressings

20. Competition Landscape

  • 20.1. Market Share Analysis, 2025
  • 20.2. Market Structure
    • 20.2.1. Competition Intensity Mapping
    • 20.2.2. Competition Dashboard
  • 20.3. Company Profiles
    • 20.3.1. CP Kelco
      • 20.3.1.1. Company Overview
      • 20.3.1.2. Product Portfolio/Offerings
      • 20.3.1.3. Key Financials
      • 20.3.1.4. SWOT Analysis
      • 20.3.1.5. Company Strategy and Key Developments
    • 20.3.2. DowDuPont, Inc.
    • 20.3.3. Cargill, Inc.
    • 20.3.4. Ingredion Inc.
    • 20.3.5. Hawkins Watts.
    • 20.3.6. Fufeng Group
    • 20.3.7. Inner Mongolia Rainbow Biotech Co. Ltd
    • 20.3.8. Meron Group
    • 20.3.9. Hebei Xinhe Biochemical Co., Ltd.
    • 20.3.10. Hangzhou Gellan Solutions Biotec Co., Ltd. Lubrizol Corporation
    • 20.3.11. Zhejiang DSM Zhongken Biotechnology Co., Ltd.
    • 20.3.12. Zhejiang Tech-Way Biochemical Co., Ltd.
    • 20.3.13. Dancheng Caixin Sugar Industry Co. Ltd.

21. Appendix

  • 21.1. Research Methodology
  • 21.2. Research Assumptions
  • 21.3. Acronyms and Abbreviations