Increasing Application in the Pharmaceutical Industry Driving the Growth of the Gelatin Market
Gelatin Market by Source (Porcine, Bovine Skin, Bovine Bone, Fish & Poultry), Application (Food, Pharmaceuticals & Healthcare), Type (Type A, Type B), Function (Stabilizing, Thickening, Gelling), and Region - Global Forecast to 2023
(EMAILWIRE.COM, April 19, 2021 ) The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. The growing demand for functional and convenience food & beverage products, increasing application in the pharmaceutical industry, and the rising demand for clean label products drive the demand for gelatin. The increasing demand for gelatin from the nutraceutical and sports nutrition industrial segment due to its high protein content and increasing applications in the medical and biomedical industries also drive the demand for gelatin.
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By application, the food segment is projected to witness the fastest growth in the market during the forecast period.
The food segment is projected to witness the fastest growth due to a wide range of applications in food and high nutritional value. Gelatin is a highly rich protein source to be incorporated into functional & nutritional food & beverage products. The rising demand for nutritional food & beverages has been stimulating the demand for gelatin. Gelatin is naturally derived from animal’s connective tissues and considered as a clean label ingredient. Hence, the increased consumer preferences for clean label products drive the growth of the global gelatin market.
The porcine segment is projected to account for the largest share during the forecast period.
Based on source, the market is estimated to be dominated by the porcine segment in 2018. Pigskin is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources. Most of the gelatin is sourced from animal tissues, as it contains a high amount of collagen. Different methods are used to extract collagen protein, which include the salting out, alkaline, acid, and enzyme methods. Furthermore, increasing demand for sports and nutritional food & beverage products fuels the porcine gelatin demand.
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Europe is projected to account for the largest market share during the forecast period.
Europe accounted for the largest share of the gelatin market. The dominance in this region is attributed to the high demand for nutritional and functional food & beverage products along with the growing pharmaceutical industry. Moreover, the abundant availability of raw materials as well as the presence of key gelatin manufacturing contributes to the growth of the market in the region.
Key Market Players
The major vendors in the global gelatin market are Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=850
By application, the food segment is projected to witness the fastest growth in the market during the forecast period.
The food segment is projected to witness the fastest growth due to a wide range of applications in food and high nutritional value. Gelatin is a highly rich protein source to be incorporated into functional & nutritional food & beverage products. The rising demand for nutritional food & beverages has been stimulating the demand for gelatin. Gelatin is naturally derived from animal’s connective tissues and considered as a clean label ingredient. Hence, the increased consumer preferences for clean label products drive the growth of the global gelatin market.
The porcine segment is projected to account for the largest share during the forecast period.
Based on source, the market is estimated to be dominated by the porcine segment in 2018. Pigskin is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources. Most of the gelatin is sourced from animal tissues, as it contains a high amount of collagen. Different methods are used to extract collagen protein, which include the salting out, alkaline, acid, and enzyme methods. Furthermore, increasing demand for sports and nutritional food & beverage products fuels the porcine gelatin demand.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=850
Europe is projected to account for the largest market share during the forecast period.
Europe accounted for the largest share of the gelatin market. The dominance in this region is attributed to the high demand for nutritional and functional food & beverage products along with the growing pharmaceutical industry. Moreover, the abundant availability of raw materials as well as the presence of key gelatin manufacturing contributes to the growth of the market in the region.
Key Market Players
The major vendors in the global gelatin market are Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results