The global gelatin market is expected to reach USD 4.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness among food & beverage manufacturers regarding self-stabilization and emulsification properties of gelatin is expected to drive demand. Growing importance of microencapsulation in pharmaceutical applications owing to its control release of active ingredients and targeted drug delivery will promote the usage of gelatin in the near future.
Food & beverage industry was the largest application segment, consuming 119.6 kilo tons of gelatin in 2015. Rising awareness towards nutritional enrichment in foods & beverages is expected to promote the use of the product in a broad range of applications including confectionaries, dairy goods, desserts and meat products.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/gelatin-market-analysis
Further key findings from the study suggest:
·
The global gelatin industry was estimated at
412.7 kilo tons in 2015 and is anticipated to be 651.7 kilo tons by 2024,
growing at a CAGR of 5.3% from 2016 to 2024.
·
Bovine hide-based products are projected to
foresee volume growth at 4.9% CAGR from 2016 to 2024. Easy water absorption and
significant protein content are expected to promote the usage of the
aforementioned raw material over the projected period.
·
Elevated levels of peptides in gelatin are
supposed to support the incorporation of the product in personal care products,
particularly hair care creams, and cosmetic lotions. Rising demand for organic
personal care products in Germany, UK, and the U.S. in light of increasing
awareness regarding the advantages associated with natural ingredients is expected
to promote the use of gelatin over the next eight years.
·
North America accounted for 24.4% of the global
volume market share in 2015. The presence of well-established meat
manufacturers including Tyson Foods, JBF and Cargill in the U.S. on account of
easy access to equipment and consumables is expected to have a favorable impact
on the industry.
·
Increasing demand for frozen foods in emerging
markets of Turkey, Brazil, and Saudi Arabia in light of new product launches by
food & beverage manufacturers is expected to open new industry avenues over
the projected period.
·
Key industry participants include PB Gelatin,
Nikita AG, Rousselot, Capsugel Inc. and Sterling. New product development and
the establishment of strategic partnerships with buyers are expected to remain
critical success factors over the next eight years.
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this category @ http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the global gelatin market by raw material,
function, application and region:Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013-2024)
·
Pig Skin
·
Bovine Hides
·
Cattle Bones
·
Others
Function Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013-2024)
·
Stabilizer
·
Thickener
·
Gelling Agent
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
·
Food & Beverage
·
Confectionery
·
Dairy Products
·
Meat & Poultry Products
·
Desserts
·
Beverage
·
Others
·
Nutraceuticals
·
Pharmaceuticals
·
Photography
·
Personal Care
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013–
2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
Japan
·
India
·
Latin America
·
Brazil
·
MEA
·
Saudi Arabia
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