Albany, NY -- (SBWIRE) -- 05/08/2013 -- Gelatin is a colorless, brittle, and solid substance derived from animal products and is experiencing steady growth over the last decade owing to its wide application in industries like pharmaceutical, food, cosmetics, and photography. Moreover, the growing economic development, which is having a direct impact on the living standard of consumers, is a major macro factor driving the market for gelatin. Europe leads the overall market for gelatin both in terms of production and consumption. However, the BSE (Bovine spongiform encephalopathy) outbreak in Europe left the gelatin producers with lower profit margins during that period of time. The steady economic development in China and India is expected to drive the market for Asia-Pacific.
The market for gelatin (http://www.researchmoz.us/gelatin-market-global-industry-analysis-size-share-growth-trends-and-forecast-2012-2018-report.html) is primarily driven by its growing use in end user industries such as food and beverages, pharmaceutical, and cosmetics. Growing health concerns and the ageing population, especially in western countries, is also acting as one of the major factors driving this market. However, cultural barriers across the world to use gelatin derived from animals is acting as a major factor which is inhibiting the overall market growth. Moreover, growing regulatory issues primarily in the food industry are also acting as one of the challenges for the participants operating in the global market.
The growing shift towards the use of vegetarian gelatin (not derived from animals) is slowly increasing its market share, owing to the growing number of vegetarians. Vegetarian gelatin provides immense opportunities for gelatin manufacturers, where the product is not in demand due to cultural or religious reasons. The applications market for gelatin is led by the food and beverages industry, which accounts for maximum share of the total global gelatin production. Food and beverages is followed by pharmaceutical industry where it is used as an adhesive agent.
Some of the companies operating in the global market for gelatin include Capsugel Inc., Gelita AG, Sterling Gelatin, Tessenderlo Group, Norland Products Inc., Roxlor LLC, Nitta Gelatin Inc. and others.
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