A recent report published by Infinium Global Research on gelatin market provides in-depth analysis of segments and sub-segments in the global as well as regional gelatin market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional gelatin market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global gelatin market. According to the report, the global gelatin market is projected to grow at a CAGR of 6.0% over the forecast period of 2019-2025.
Gelatin is a colorless, odorless and tasteless substance widely used in food products. Gelatin is made from collagen, a soft protein which connects bones, muscles, skins, and tendons of mammals such as cows and pigs. Gelatin finds applications as gelling agent stabilizers and thickeners in cakes, candies, fruit desserts, fruit jellies, ice-creams, marshmallows, puddings, yogurts, and some others. Gelatin finds industrial applications in the manufacturing of cosmetics, personal care products, pharmaceutical products, dyeing and tanning materials, photographic plate coatings, and some others.
The increasing preference for convenience & functional food and beverages among people, due to change in lifestyles and need for instant nutrition, drive the growth of the global gelatin market. As gelatin is a good source for protein, the demand for gelatin is anticipated to increase significantly to meet the increasing demand from the nutraceutical industry for making nutritional supplements. In addition, heavy investments by major players such as Capsugel, Gelita AG, PB Gelatins, Rousselot S.A.S, Weishardt Group and others in research and development for product innovation to counter the threat of alternatives and for finding new applications characterize the global gelatin market. Furthermore, increasing application of gelatin in the personal care products owing to its several health benefits is anticipated to drive the growth of the market. However, the endemic Bovine Spongiform Encephalopathy has affected the availability of the raw materials and it is expected to cause volatility in the prices of the raw material. The stringent regulations regarding the gelatin use, due to the use of animal parts for the manufacturing, is a restraint for the global gelatin market. Availability of vegetarian alternatives for gelatin such as agar, carrageenan, guar gum, & pectin and increasing preference for those among health-conscious vegetarians and vegans is a major challenge for the major players in the global gelatin market. Moreover, the technological advancements and emergence of new applications in the pharmaceutical industry are expected to create favorable opportunities for the growth of the gelatin market.
Among geographies, Europe is the dominant gelatin market with a global market share of around 40%. The increasing consumption of gelatin in countries such as Germany and France, increasing demand for natural nutritional ingredients in food and beverages, and the presence of a huge number of pharmaceutical companies in the region drives the growth of the European gelatin market. However, the impact of the endemic bovine spongiform encephalopathy is anticipated to hinder the growth of the market in the short term, as the outbreak affected a large bovine population in Europe and it affect the availability of raw materials for gelatin. North America is the second largest gelatin market. Presence of major global meat processing companies, increasing demand for organic personal care products and functional foods and beverages drive the growth of the North American Gelatin Market. Asia-Pacific region is anticipated to be the fastest growing gelatin market in terms of CAGR during the forecast period due to the huge population in the region, increasing consumption of convenience food and beverages, increasing instances of ailments such as arthritis and increasing demand for personal care products.
The report on global gelatin market covers segments such as source, type, and application. On the basis of source, the sub-markets include porcine, bovine skin, bovine bone, fish & poultry, and other sources. On the basis of type, the sub-markets include type A, and type B. On the basis of application, the sub-markets include food & beverages, dyeing & tanning, nutraceuticals, personal care, pharmaceuticals, and other applications.
The report provides profiles of the companies in the market such as Capsugel, Inc., Catalent, Inc., Ewald-Gelatine GmbH, Gelita AG, Weishardt, Rousselot, Norland Products Inc, PB Leiner, India Gelatine & Chemicals Ltd., Italgelatine S.p.A., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of gelatin market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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