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(India.CityRegions.Com, August 18, 2018 ) Industry Outlook and Trend Analysis
The global gelatin market was worth USD 372.51 Million in the year 2016 and is foreseen to garner roughly USD 901.63 Million by 2025, while registering itself at a compound annual growth rate (CAGR) of 10.32% during the forecast period. In 2015 the global gelatin market was worth 412.7 kilo tons. The growing application of gelatin in pharmaceutical applications and in food & beverage owing to its outstanding stabilizing features and binding characteristics are anticipated to have a significant influence on the growth of this market. Gelatin is retrieved from collagen which is collected from different sources of animals like cattle bones, bovine hides, pig skin and fish. This kind of collagen that is derived from animals assists in swallowing tablets and capsules conveniently. Gelatin is widely utilized as a gelling agent in a number of applications that include healthcare, food & beverage, personal care, nutraceuticals and photography. Growing requirement for convenient food items in developing countries like China, Middle East and India is anticipated to encourage the utilization of gelatin as a practical ingredient in confectionaries. Gelatin is extremely useful in the manufacturing of a variety of pharmaceuticals such as homeostatic sponges, wound dressings and blood volume substitutes. The growing pharmaceutical industry in the United States and Canada on account of growing expenditure for the inclusion of advanced technology is anticipated to have a considerable impact. In recent years polysaccharides are being extensively utilized as an imperative component in food & beverages and healthcare applications with the aim of supplying outstanding hydrolyzing enzymatic elements. Hence, the presence of polysaccharides in the market may inhibit the growth of the gelatin market.
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Application Outlook and Trend analysis
The largest application segment was food and beverages that registered for 29 percent of the total volume in 2015. Gelatin contains high levels of electrolytes, protein and carbohydrates that increase its utilization in sports drinks. Proteins are required to repair muscle tissues that are damaged by speeding up recovery by transporting nutrients and oxygen. The consumption of gelatin by the pharmaceutical industry was 85.6 kilo tons in 2015. Growing utilization of hydrocolloids in the pharmaceutical sector owing to outstanding solubility is anticipated to boost the utilization of gelatin in the following years.
Source Outlook and Trend analysis
The Source that was extensively utilized was pig skin that registered for 40.6 percent of the total volume in 2015 on account of high content of collagen. However, rising seasonal disorders related with swine is anticipated to restrict manufacturers from utilizing pig skin. Another useful raw material is derived from bovine hides as they have high peptide and fibrous content. Collagen that is rich in protein is discharged from cattle bones that is boiled and drained frequently after which it is ground into powder. This powder is beneficial in improving digestion problems and connective tissues. Owing to these factors, cattle bones are anticipated to encounter substantial growth in the upcoming years. The rising prominence of halal foods in the food and beverage sector of Middle Eastern countries is anticipated to encourage the utilization of cattle bone for raw materials. Other raw materials include fish skin, horse hair and sheep covering for the manufacturing of gelatin.
Function Outlook and Trend Analysis
The rising importance of emulsifying elements in the industry of food and beverages in countries like France, United Kingdom and Germany is anticipated to encourage the utilization of gelatin as a gelling substance in the upcoming years. Growing application in the pharmaceutical sector for capsules and tablets in the markets of developing countries like China and India on account of administrative support with the aim of increasing investments in the healthcare industry is anticipated to boost the demand for stabilizing substances. Gelatin is extremely useful as a thickening agent in the photography sector.
Regional Outlook and Trend analysis
The largest regional market was Europe that registered for 41.2 percent of the total revenue in 2015. Rising awareness among consumers regarding inclusion of nutritional elements in the food and beverage industry specifically in emerging economies that include France, United Kingdom and Germany is said to have a substantial influence on the growth of the market. Asia Pacific is said to encounter rapid growth in terms of volume in the upcoming years. Confident outlook towards the healthcare industry in Malaysia and Thailand with the aim of increasing the sales volume in pharmaceuticals is anticipated to boost the usage of gelatin in the upcoming years.
Competitive insights
The major participants in the industry are GELITA, Rousselot, Weishardt, Nitta-Gelatin, PB Gelatins, Catalen, GELNEX, Sterling, Junca Gelatines, and Capsugel.
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The global gelatin market is segmented as follows-
By Source
Bovine Hides Pig Skin Bones Other Sources
By Function
Gelling Agent Stabilizer Thickener Other Functions
By Application
Food Meat & Poultry Product Confectionery Beverage Desserts Dairy Other Food
Pharmaceutical Other Applications
By Region:
North America U.S Canada Mexico
Europe Germany France UK Italy Spain Rest of Europe
Asia-Pacific Japan China Australia India South Korea Rest of Asia Pacific
Rest of the World Brazil South Africa Saudi Arabia United Arab Emirates Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022? What will be the industry market growth from 2013 to 2022? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
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