Metric analysis

Global Gelatin Market to Reach 799.5 Thousand Metric Tons by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Gelatin – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

The growth of the global gelatin market is propelled by several factors including growing demand for convenient and functional foods, rising health awareness, expanding end-use industries, and growth in emerging markets. The demand for the product is also driven by the essential requirement of gelatin in food, pharmaceutical and nutritional solutions due to its distinctive behavioral properties. Other factors driving the expansion of the market include increasing health awareness, high demand for supplements, technological advancements related to soft capsules, and growing use of pharmaceutical drugs.

While rising healthcare expenditures and rising demand from end-use applications are expected to favor the gelatin and collagen peptides segment, rising disposable income in urban areas and growing rural population in emerging economies, including India, China, Brazil and South Africa, are expected to benefit from gelatin. and its derivatives. As a natural and safe product, gelatin is also being targeted by researchers for new applications such as tissue engineering and wound care products that are likely to further expand the material’s overall application scope.

Amid the COVID-19 crisis, the global gelatin market estimated at 504.8 thousand metric tons in 2020 is expected to reach a revised size of 799.5 thousand metric tons by 2026, with growth at a CAGR of 7.9% over the analysis period.

Pig Skin, one of the segments analyzed in the report, is expected to grow at a CAGR of 7.8% to reach 327.4 thousand metric tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Bovine Hide segment is readjusted to a revised CAGR of 6.7% for the next 7-year period. This segment currently accounts for a 30.6% share of the global gelatin market.

When it comes to raw materials, pigskin is the main raw material used for making gelatin, due to its high collagen content. The product derived from pigskin is typically used as a thickener, stabilizer, texturizer, binder, and in capsules. Growing demand from the food and beverage industry for nutritional and sports products is driving the growth of the porcine gelatin segment. Bovine hide products, due to their considerable protein content and easy water absorption, are expected to be used more and more in the coming years.

The gelatin market in the United States is estimated at 117.5 thousand metric tons in 2021. The country currently represents a share of 21.75% of the world market. China is expected to reach an estimated market size of 115.5 thousand metric tons in 2026 growing at a CAGR of 9.8% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 6.9% and 7.2% respectively over the analysis period. In Europe, Germany is expected to grow around 7.4% CAGR while the rest of the European market will reach 122,000 metric tons by the end of the analysis period.

Europe dominates the market share with growing consumption of sports drinks containing gelatin. Growing concern over rising levels of obesity and subsequent growth in weight management efforts is also a major factor driving the demand for gelatin in the region. The United States is also a major market, due to the growing use of gelatin in nutraceuticals, cosmetics and photography. Growing health concerns and increasing consumer awareness, in addition to increasing application in various industries, are driving gains in the Asia-Pacific market.

Select contestants (79 total featured):

  • Darling Ingredients Inc.

  • Rousselot B.V.

  • Ewald-Gelatin GmbH

  • Gelita S.A.

  • Gelnex Industria E Comercio Ltda.

  • Italgelatin SpA

  • Junca Gelatins SL

  • Lapi Gelatin Spa

  • Lonza Group Ltd.

  • Nitta Gelatin Inc.

  • Nitta Gelatin, NA Inc.

  • REINERT GROUP Ingredients GmbH

  • Sterling Biotech Limited

  • Suheung Co., Ltd.

  • Geltech Co., Ltd.

  • Tessenderlo Group SA

  • PB Leiner

  • The Roxlor group

  • Roxlor LLC

  • Trobas Gelatine BV

  • Weishardt Holding AG

Main topics covered:

MARKET OVERVIEW

  • Gelatin: A ubiquitous protein-rich ingredient with excellent properties and functionality

  • More emphasis on healthy and nutritious foods to drive global gelatin market

  • Food and Beverages Dominate the End-Use Market

  • Europe Dominates Global Gelatin Market, Asia-Pacific Shows Fastest Growth

  • Pigskin dominates

MARKET TRENDS AND DRIVERS

  • The hydrocolloidal properties of gelatin allow many food applications

  • Films and coatings derived from gelatin find use in food packaging

  • Growing consumption of dairy products benefits gelatin demand

  • Rising Importance of Gelatin-Based Pharmaceuticals Drives Market Growth

  • Fish gelatin as an attractive substitute for mammalian gelatin attracts massive consumer interest

  • Despite the challenges, halal gelatin emerges as a niche market segment in the food application sector

  • Emphasis on preventative health care drives consumption of gelatin in nutraceuticals

  • Growing Health Consciousness Drives Demand for Collagen Nutraceuticals

  • Gelatin’s anti-aging properties benefit the expanding aging demographic on demand

  • Gelatin nanoparticles are gaining popularity in the biomedical field

  • Gelatin-based hydrogels find use in wound management

  • Gelatin emerges as a popular Clean Label ingredient

  • Gelatin sheets are finding growing demand in medical procedures

  • Gelatin cell composites aid in the regeneration of cartilage and bone tissue

GLOBAL MARKET PERSPECTIVE

For more information on this report, visit https://www.researchandmarkets.com/r/s3hj3t

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