Gelatin Market By Source, Function And Application – Global Industry Analysis And Forecast To 2025
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.
Gelatin Market – 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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Gelatin Market – Industry Outlook and Trend Analysis:
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.
Gelatin Market – 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.
Gelatin Market – 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.
The global gelatin market is segmented as follows-
Gelatin Market – By Source:
Bovine Hides
Pig Skin
Bones
Other Sources
Gelatin Market – By Function:
Gelling Agent
Stabilizer
Thickener
Other Functions
Gelatin Market – By Application:
Food
Meat & Poultry Product
Confectionery
Beverage
Desserts
Dairy
Other Food
Pharmaceutical
Other Applications
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Gelatin Market – 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.
Gelatin Market – 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
Gelatin Market – 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.
Gelatin Market – Gelatin Market – List of Tables
Table 1.Gelatin Market, By Source ($Million), 2016-2025
Table 2.Bovine Hides Market, By Region ($Million), 2016-2025
Table 3.Pig Skin Market, By Region ($Million), 2016-2025
Table 4.Bones Market, By Region ($Million), 2016-2025
Table 5.Other Sources Market, By Region ($Million), 2016-2025
Table 6.Gelatin Market, By Function ($Million), 2016-2025
Table 7.Gelling Agent Market, By Region ($Million), 2016-2025
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Gelatin Market – List of Figures
Figure 1.Gelatin Market Share, By Source, 2016 & 2025 ($Million)
Figure 2.Gelatin Market, By Function, 2016 & 2025 ($Million)
Figure 3.Gelatin Market, By Application, 2016 & 2025 ($Million)
Figure 4.Gelatin Market, By Region, 2016, ($Million)
Figure 5.Tessenderlo Group: Net Revenues, 2014-2016 ($Million)
Figure 6.Tessenderlo Group: Net Revenue Share, By Segment, 2016
Figure 7.Tessenderlo Group: Net Revenue Share, By Geography, 2016
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Reason to Buy –
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Gelatin market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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