The global gelatin market has grown at a CAGR of around 3% during 2009-2016. The market growth can be attributed to sustained progress of key end-use industries, particularly food and beverage, nutraceuticals and pharmaceuticals.
Arlington, VA -- (SBWIRE) -- 04/18/2017 -- According to IMARC Group's new report, titled "Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022", the global gelatin market reached a volume of around 400 Thousand Tons in 2016, exhibiting a CAGR of nearly 3% during 2009-2016. Gelatin is a translucent protein, derived from the collagen found in the bones, connective tissue, and skin of pigs, cattle and other animals. Gelatin is extensively used in food and beverage, nutraceutical, pharmaceutical, photography, cosmetic and packaging industries. Owing to the rise in disposable income in the developing regions and sustained growth of the key end-use industries, the global gelatin market is further expected to reach a volume of around 460 Thousand Tons by 2022, growing at a CAGR of more than 2% during 2017-2022.
Highlights of the global gelatin market:
Food and beverage industry represents the largest end-use industry.
Majority of the gelatin used worldwide is derived from pig skin.
Europe represents the largest market in terms of production.
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Gelatin is extensively used in the food and beverage industry to manufacture trifles, aspic, marshmallows, desserts and candies. It is also used as a blending and glazing agent in the production of canned meat. Furthermore, it is used as a thickener and texturizer in products like yogurt, cream cheese and margarine. In the pharmaceutical industry, gelatin is primarily used to make shells of hard and soft capsules. Other applications of gelatin in this industry include manufacture of tablets, emulsions, suppositories and syrups. In the nutraceutical industry, it serves as an excipient in joint care formulas, nutritional bars and protein drinks. It is also used to treat osteoarthritis, rheumatoid arthritis and osteoporosis. In the photography industry, gelatin is used in paper coatings, and as a component in silver halide emulsion coatings.
On the basis of end-use, the food and beverage industry represents the largest segment, followed by nutraceuticals, pharmaceuticals, photography and cosmetics. Pig skin-derived gelatin accounts for the majority of the output, followed by bovine hides, bones, and other sources. On the basis of region, Europe represents the largest producer, accounting for nearly half of the total global production. Other major regions include North America, Asia and South America. Some of the key players operating in this region are Gelita AG (Formerly DGF Stoess), PB Gelatin (Tessenderlo Group), Sterling Biotech Ltd, Rousselot SAS, Weishardt Group and Nitta Gelatin.
Browse full report: http://www.imarcgroup.com/ossein-gelatine-technical-material-market-report
The report by IMARC Group has examined the global gelatin market on the basis of:
Food and beverage industry
Gelita AG (Formerly DGF Stoess)
PB Gelatin (Tessenderlo Group)
Sterling Biotech Ltd
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