IMARC Group’s latest report, titled “Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global gelatin market size reached 457,200 Tons in 2022. Looking forward, IMARC Group expects the market to reach 504,400 Tons by 2028, exhibiting a growth rate (CAGR) of 1.57% during 2023-2028.
Gelatin is present in the collagen found in bone, connective tissues and skin of cows and pigs. It is a flavorless and colorless animal protein that is generally obtained by boiling ligaments, skin and tendons with water. It aids in improving the appearance of hair and skin due to the presence of amino acids. As a result, it is utilized in the manufacturing of personal and skin care products. Additionally, it is used as a food additive across the food and beverage sector owing to its excellent physical properties, such as high dispersibility, affinity, low viscosity and dispersion stability. Along with this, it also exhibits water binding and emulsifying properties, due to which it is extensively utilized across the pharmaceutical and cosmetic industries.
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Global Gelatin Market Trends:
The global market is primarily driven by the increasing product demand across the food and beverage industry. This is supported by the rising utilization of gelatin in the preparation of confectioneries and bakery items. Moreover, the increasing usage of the gelatin in the production of nutritional and dietary supplements is creating a positive outlook for the market.
Furthermore, leading manufacturers and sellers are heavily investing in the launching of vegan gelatin variants in the market due to the shifting inclination of the masses toward leading a vegan lifestyle and the increasing preference for clean label products. This, in turn, is providing an impetus to the market growth on the global level. Other factors, including the easy product availability via online and offline organized channels and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.
Competitive Landscape with Key Players:
The competitive landscape of the market has also been examined, with some of the key players being:
Gelita AG, Rousselot SAS, PB Gelatin/PB Leiner (Tessenderlo Group), Sterling Biotech Ltd., SAS Gelatines Weishardt and Nitta Gelatin, NA Inc.
Also, Read Full Blog Top 6 Gelatin Companies in the World:
Breakup by Raw Material:
- Pig Skin
- Bovine Hides
- Other Sources
Breakup by End-Use:
- Food and Beverages
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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