Global Gelatin Market: Global Size, Share, Price, Trends and Forecast to 2023by Rahul Rastogi Market Research Analyst
The global gelatin market is currently experiencing a positive growth. This can be accredited to several factors such as health conscious consumers, changing dietary patterns, expanding applications as well as flourishing end-use industries.
Gelatin is a flavourless, translucent and colourless protein obtained from collagen which is derived from the body parts of various animals. It is a viscous semi-solid gel which is majorly made of two amino acids including proline and glycine. The general composition of gelatin includes water, mineral salts and protein. In addition to this, it can be found in numerous forms such as powder, sheets or granules which can be used in various formulations. A new research report by IMARC Group, titled “Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of around 410 Thousand Tons in 2017. The report further anticipates the market to cross 461 Thousand Tons by 2023, at a projected CAGR of nearly 2% over the forecast period.
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Global Gelatin Market Drivers/Constraints:
· Health conscious consumers have become more aware about the usage and benefits offered by gelatin. As a result, they are now willing to spend more on gelatin-based products. This is one of the primary factors which is driving the market growth.
· Gelatin is being increasingly utilised in several applications in the form of a viscosity controlling, cleansing and stabilising agent. This, in turn, has contributed towards the growth of the global gelatin market.
· Some of the other factors which include rising disposable incomes and improving living standards across developing nations along with a strong growth in the end-use industries are positively influencing the market growth.
· However, the social and safety aspects of the body parts of dead animals used for the formulation of gelatin act as a major hindrance in the growth of the market.
Raw Material Insights:
Pig skin, bovine hides and bones are the major raw materials which are used for the production of gelatin. Pig skin accounts for the majority of the market share owing to various factors such as a short production process, and the requirement of less water during extraction and pre-treatment.
Based on end-use, the report finds that food and beverages represent the largest segment which can be accredited to the rising demand for low fat and high protein foods. Food and beverages are followed by nutraceuticals, pharmaceuticals, photography and cosmetics.
On a geographical front, Europe enjoys the leading position in the global gelatin market holding the majority of the share. This is due to the flourishing food industry in the United Kingdom, Germany, France and the Netherlands. Europe is followed by North America, Asia and South America.
The market is concentrated in nature surrounded by top six manufacturers together accounting for the majority of the share. There is an intense competition in the market which makes it difficult for new players to enter the market. Some of these players include:
· Gelita AG
· Rousselot SAS
· PB Gelatin
· Sterling Biotech
· Nitta Gelatin
Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/ossein-gelatine-technical-material-market-report
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Created on Sep 21st 2018 04:10. Viewed 962 times.