San Francisco 3 May 2019 The
Report Gelatin Market Analysis By Raw Material (Pig Skin, Bovine Hides, Cattle Bones), By
Function (Stabilizer, Thickener, Gelling Agent), By Application [Food &
Beverage (Confectionery, Dairy Products, Meat & Poultry Products, Desserts,
Beverage), Nutraceuticals, Pharmaceuticals, Photography, Personal Care] And
Segment Forecasts To 2024
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.
Access Research Report of Gelatin Market @ 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.
Browse more reports of this category by Grand View
Research at: https://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, 2013 - 2024)
·
Food & Beverage
·
Nutraceuticals
·
Pharmaceuticals
·
Photography
·
Personal Care
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Gelatin Market@ https://www.grandviewresearch.com/press-release/global-gelatin-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
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