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Gelatin Market Size Worth $6.7 Billion By 2027 Owing To Increasing Usage Of Gelatin In Several End-Use Industries Is Driving The Demands | Grand View Research, Inc.

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Gelatin Market Size Worth $6.7 Billion By 2027 Owing To Increasing Usage Of Gelatin In Several End-Use Industries Is Driving The Demands | Grand View Research, Inc.

January 25
07:52 2021
Gelatin Market Size Worth $6.7 Billion By 2027 Owing To Increasing Usage Of Gelatin In Several End-Use Industries Is Driving The Demands | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to the report published by Grand View Research, Inc., increasing usage in the healthcare and pharmaceutical industry along with the rise in usage in functional food and beverage products, due to growing awareness about its benefits is going to drive the market growth in the coming years.

 The global gelatin market size is expected to reach USD 6.7 billion by 2027, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from several end-use industries including nutraceutical owing to its high protein content is expected to drive the product demand over the forecast period.

An essential biopolymer like gelatin is extensively used to enhance the properties like elasticity, consistency, and stability in several end-use products and it can be sourced from multiple origins such as from skin and bones of cattle and pigs as well as from the scales of fishes. The most common source for the extraction of gelatin is the bovine source. Gelatin is extracted form cow bones, cartilage, and hides. Also, multiple grades of gelatin are obtained from the bones, hides and cartilages and is available in abundance.

The increasing rise of personal care, health, and fitness over the period of time is boosting the market growth with immense demands for the products. Along with that, countries like India are witnessing the rise of plant-based gelatin as the consumption and slaughter of cattle is prohibited there. The pharmaceutical and nutraceutical applications are having a positive impact on the market due to the rise in awareness about their benefits and growing usage of these products.

The market is characterized by a number of localized players that are involved in the supply of raw materials and product manufacturing. In addition, the market is highly dominated by majority of the players involved in the manufacturing and distribution of gelatin products. The growing applications of gelatin and related products are likely to drive the demand for the product over the forecast period.

U.S. gelatin market demand, by type, 2016 - 2027 (Kilotons)

Gelatin Market Report Highlights

  • The global market is likely to generate a demand for 868.9 kilotons by 2027 owing to rising demand for convenience and functional food and beverage products, coupled with its augmented use in the pharmaceutical application

  • In terms of revenue, Asia Pacific emerged as the fastest growing region in the gelatin market across the globe

  • Asian countries particularly India and China are likely to witness a remarkable growth in next seven years due to growing population and increased per capita income

  • The market is highly fragmented and competitive, with the presence of well-established industry players trying to gain an edge in the competition

  • Some of the key companies present in the market are Gelita AG; Nitta Gelatin Inc.; Capsugel Inc.; Darling Ingredients Inc. 

  • The major market players are indulging in new advancements and development on new products. For instance, GELITA AG, has expanded its gelling agent portfolio by presenting a world-first:  agar-agar sheets.

  • Acquisitions and mergers are one of the strategies used by the key players to keep on expanding. Recently, Gelita AG has acquired 65% of the shares in SelJel, a Turkish gelatin producer. The remaining 35% of the shares remain with the founding family, Tezman, who will continue to manage the company.

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Gelatin Market Segmentation                                                                     

Grand View Research has segmented the global gelatin market on the basis of raw material, function, application, and region:

Gelatin Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • Pig Skin

  • Cattle Bones

  • Bovine Hides

  • Others

Gelatin Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • Stabilizer

  • Thickener

  • Gelling Agent   

  • Others

Gelatin Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • Food & Beverage

    • Confectionery

    • Dairy Products

    • Meat & Poultry Products

    • Desserts

    • Beverage

    • Others

  • Personal Care

  • Pharmaceutical

  • Nutraceutical

  • Photography

  • Others

Gelatin Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

List of Key Players of Gelatin Market
• Gelita AG
• Darling Ingredients Inc.
• Nitta Gelatin Inc.
• Sterling Gelatin
• Tessenderlo Group.
• Gelita AG
• Nitta Gelatin Inc

Have Any Query? Ask Our Experts for More Details on Reporthttps://www.grandviewresearch.com/inquiry/341/ibb

Browse Related Report @

Pectin Market  – https://www.grandviewresearch.com/industry-analysis/pectin-market

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

 

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