Gelatin Market (Source - Porcine, Bovine Skin, Bovine Bone, Fish & Poultry, and Other Sources; Type - Type A, and Type B; Application - Food & Beverages, Dyeing & Tanning, Nutraceuticals, Personal Care, Pharmaceuticals, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025. The global gelatin market is projected to grow at a CAGR of 6.0% over the forecast period of 2019-2025.
Pune, India -- (SBWIRE) -- 05/07/2019 -- The latest report has been added to the wide database of Gelatin Market by Infinium Global Research. This report studies the gelatin market by source (porcine, bovine skin, bovine bone, fish & amp; poultry), type (type A, and type B), application (food & beverages, dyeing & tanning, nutraceuticals, personal care, pharmaceuticals, other applications) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Gelatin market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape, latest trends, and product offerings of the major companies in the gelatin market. The global gelatin market is projected to grow at a CAGR of 6.0% over the forecast period of 2019-2025.
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Gelatin Market: Insights
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.
Gelatin Market: Drivers and Restraints
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, Guam 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.
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Gelatin Market: Regional Analysis
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 affects 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.
Gelatin Market: Segmentation
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.
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Gelatin Market: Competitive Landscape
The report provides profiles of the companies in the market such as Capsugel, Inc., Catalent, Inc., Ewald-Gelatine GmbH, Gelita AG, Weishardt Group, Rousselot S.A.S., Norland Products Inc, PB Leiner, India Gelatine & Chemicals Ltd., Italgelatine S.p.A., and Other Companies.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the gelatin.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.