Gelatin Market 2030

Gelatin Market 2030

Bonafide Trust 13-06-2022 167 Pages
Region : Global Category : Food & Beverages Food

Product Overview Gelatin is a protein product obtained by partial hydrolysis of collagen extracted from skin, bones, and tissue of animals. Gelatin is a colorless, translucent, flavorless substance and has a high molecular weight. It is gummy when moist and brittle when dry. Gelatin holds various chemical, physical and functional properties such as crystallization control, water binding, film-forming, thickening, and emulsifying properties. It provides various health benefits due to its unique combination of amino acids including glycine, proline, glutamic acid, alanine, and others. It is primarily used as a gelling agent in food production, in a product like Jell-O’ and gummy candy. Gelatin can also be consumed as a bone broth or as a supplement. Gelatin finds diversified application in numerous industries such as food, pharmaceutical, photographic, nutraceutical, cosmetic, and packaging industry. Market Highlights Global Gelatin Market is expected to project a notable CAGR of 9.67% in 2030. Global Gelatin market to surpass USD 7.83 billion by 2030 from USD 3.11 billion in 2020 at a CAGR of 9.67% in the coming years, i.e., 2021-30. The growing demand for gelatin in the drug industry, packaged food, and nutrient reinforcement is driving the growth of the gelatin market globally. A surging group of people suffering from chronic diseases is helping to bolster the gelatin market, owing to which medical advancement and healthcare infrastructure are adopting gelatin products and variants to make consumable drugs. Recent Highlights in Global Gelatin Market In, March 2018, Nitta Gelatin announced the launch of new pharmaceutical gelatin called DRG Gelatin. The product was designed exclusively to inhibit cross-linkage reactions and improve dissolution in the soft capsule application. Global Gelatin Market: Segments Porcine Segment to grow with the highest CAGR during 2021-30 Global Gelatin market is segmented by source into Porcine, Bovine skin, Cattle bone, Fish & Poultry, and Others. The porcine segment held the largest market share of XX.X% in the year 2020. Gelatin sourced from pig skin is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources. Besides pigskin is preferred over other sources due to its cheaper price. Food and Beverage Segment to grow with the highest CAGR during 2021-30 Global Gelatin market is distributed by End Users into Food & Beverages, Pharmaceuticals, Healthcare, Nutraceuticals, Cosmetics, Photography, and Others. The food and Beverage Segment held the largest market share of XX.X% in the year 2020. Gelatin is a rich source of protein to be utilized in functional & nutritional food & beverage products. It is widely used in bakeries and confectionaries, wine fining, meat products which are projected to proliferate the gelatin market in the coming years. Market Dynamics Drivers Increasing Demand in Food & Beverages Applications With the rising per capita disposable income and the increasing awareness among consumers about nutritious and healthy diets, there is a rapid demand for energy drinks and processed food. This, in turn, is expected to stimulate the growth of the gelatin market. Additionally, gelatin is widely used as a texturizing and gelling agent in the food industry as it is free from preservatives or additives which may further boost the demand for gelatin in coming years. Growing Demand from Pharmaceutical Industry In the pharmaceutical sector, Gelatin finds application in making hard and soft capsules, stabilizers for oil emulsions, glycerinated gelatin for suppositories. Various properties of gelatin such as a thickening agent in liquid dosage, sugar, or tablet coatings, are estimated to fuel the demand for gelatin in the market. Moreover, rising health-consciousness among consumers is escalating the demand for clean label products, which is anticipated to propel the gelatin market over the forecast years. Restraint Stringent Regulations on Use of Gelatin Stringent regulations regarding the raw materials used in gelatin production which is meant for human consumption are expected to hamper the growth of the gelatin market. They should go through specific treatments to reduce the disease incidence among humans. These guidelines are likely to hinder the gelatin market in the near future. Global Gelatin Market: Key Players Gelita AG Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis. Rousselot SAS Weishardt Group Sterling Gelatin Catalent Pharma Solutions PB Gelatins Roxor LLC Nitta Gelatin Inc Trobas Gelatine Junca Gelatines Sterling Biotech Group Other Prominent Players Global Gelatin Market: Regions Global Gelatin market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA. The global Gelatin market in Europe held the largest market share of XX.X% in the year 2019. Europe will continue to dominate the global Gelatin market owing to the high demand for nutritional and functional food & beverage products coupled with the growing pharmaceutical industry. Furthermore, the mounting demand for gelatin in the manufacturing of casings for meat is expected to drive market growth. Global Gelatin market is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA Global Gelatin market report also contains analysis on: Gelatin Market Segments: By Source Porcine Bovine skin Cattle bone Fish & Poultry Others By Material Type A Type B By Function Stabilizer Thickener Gelling Agent By End-User Food & beverages Pharmaceuticals Healthcare Nutraceuticals Cosmetics Photography Others Global Gelatin Market Dynamics Global Gelatin Market size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints

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