In the Mexico there is rise of industrialization will be growth factor for gelatin. The increasing focus on pharmaceutical production to provide better healthcare products & medicines, & increased consumption of FMCG, Beverages & cosmetics because of high disposable income drives market growth during the forecast period is trend Gelatin has become a necessary component of Mexicans' life due to their love for the substance, which has contributed to the expansion of the gelatin business in the country. Eight out of ten Mexican households consume gelatin, which is increasingly popular and has a penetration rate of 80%. Also, the product's accessibility in a variety of forms, including jelly, gummy candies, and desserts, supports the expansion of the sector. Jellies are among the most well-liked desserts among Mexicans among those. More oncology treatments and generic medications have been made available to patients in the Mexican healthcare system since 2000, which has helped the nation's pharmaceutical sector grow. Two federal health care systems, as well as the private sector, provide health insurance and prescription drug coverage to more than 95 million Mexican citizens. Although an estimated 90% of the population has access to a basic set of healthcare services, out-of-pocket costs are still substantial and account for a larger portion of the nation's overall healthcare spending. Except this gelatin is also used in several other industries in Mexico for other purpose. According to the research report "Mexico gelatin Market Overview, 2028," published by Bonafide Research, the Mexico gelatin market is expected to grow at CAGR of about 5.6% by 2028. As the industrial use of gelatin continue to increase in the Mexico, gelatin consumption will also increase & this consumption is different in different industries but gelatin consumption of Mexico will be highest in terms of CAGR in North America because of industrialization & country growth. Gelatin is utilized as a thickening agent, gelling agent, stabilizing agent, and other things in several industries, including pharmaceutical, FMCG, drinks, and cosmetics (binder, texturizer, and emulsifier). This is due to the fact that gelatin is used differently in products made by the same industry as well as by distinct businesses, and its use in the pharmaceutical and Nutraceuticals industries peaked during and after the pandemic. FMCG products were in high demand. There is also a growing trend towards increased traceability and transparency in the food industry, particularly around issues such as animal welfare and sustainability. This trend could potentially be applied to gelatine production in Mexico, particularly if there is a growing demand for gelatine from sustainable or ethically-raised sources. Based n the Types of Gelatin Which includes Type A and Type B. Type A gelatin is derived from acid hydrolysis of collagen from porcine or bovine skin and bones, and is often used in applications where a firm gel is required, such as in confectionery products and desserts. Type B gelatin, on the other hand, is derived from alkaline hydrolysis of collagen from bovine hide or fish skin, and is often used in applications where a softer gel is desired, such as in yogurts and cream cheese. Many gelatin manufacturers in Mexico produce both type A and type B gelatin to meet the diverse needs of their customers. The choice between type A and type B gelatin will depend on the specific application and desired properties of the final product. There are several gelatin manufacturing companies in Mexico, including GELITA is a global leader in the production of gelatin and collagen peptides, with facilities in several countries including Mexico. Their product portfolio includes a wide range of gelatin grades for use in food, pharmaceutical, and technical applications. Rousselot is a leading manufacturer of gelatin and collagen-based ingredients for the food, pharmaceutical, and cosmetic industries. They have a manufacturing facility in Mexico and offer a variety of gelatin grades to meet the needs of their customers. PB Gelatins is a global manufacturer of gelatin and collagen-based ingredients, with a production facility in Mexico. They offer a wide range of gelatin grades for use in food, pharmaceutical, and technical applications. Nitta Gelatin is a Japanese company with a manufacturing facility in Mexico, producing a variety of gelatin grades for use in food, pharmaceutical, and technical applications. Gelco is a Mexican company specializing in the production of gelatin and collagen-based ingredients for the food and pharmaceutical industries. They offer a variety of gelatin grades, including both type A and type B, to meet the needs of their customers. Considered in this report • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Mexico gelatin market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Type A • Type B By end user: • Meat processing • Pharma & Healthcare • FMCG & beverages • Cosmetics • Photography • Others By source • Bovine • Porcine • Poultry & others • Plant based By Application • Stabilizing agent • Gelling agent • Thickening agent • Others (binder, texturizer, emulsifier). The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the gelatin, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample