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Global Gelatin Market Insight 2022-06-28 Comments

The gelatin is forecast to keep rising over the next four years. According to the WK-chem Research “Global Gelatin Professional Survey Report 2022, Forecast to 2027”, The growing demand for functional and convenient food and beverage products, the increasing application in the pharmaceutical industry, and the growing demand for clean label products have promoted the demand for gelatin.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.96% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“From the current industry situation, the gelatin market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity” said Selena, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

Gelatin is defined as an irreversible hydrolyzed form of collagen, which is a mixture of proteins and peptides obtained by partially hydrolyzing collagen extracted from animal skin, bone and tissue. The increase of applications in the pharmaceutical industry is an important factor driving market growth. The demand for medical and biomedical applications is also increasing. The demand for clean label products, natural ingredients, global food and beverage applications and the demand for nutrition and health products, personal care and photography are the main factors driving the gelatin Market. In addition, the increased use of gelatin in fortified candy and sports nutrition products, the increased use of gelatin as a potential biodegradable packaging material for food and the increased demand of emerging economies will further create new opportunities for the gelatin Market.

However, participants in the gelatin industry have other issues to consider. For example, the increase in the availability of biomaterial substitutes and the fierce competition among gelatin business manufacturers are the main factors restricting the gelatin Market, and will further challenge the gelatin Market in the forecast period.

Competition Landscape:

The food grade gelatin market is highly competitive, with the presence of both regional and global players. The growing popularity of gelatin-based products across various applications is expected to boost the global market for gelatin. Some of the major players in the market are Gelita AG, Foodchem International Corporation, Tessenderlo Group, Darling Ingredients, Nitta Gelatin Company, and others.

Segmentation of Gelatin Market:

According to the source of raw materials, the gelatin market is divided into pig, cow hide, cow bone, fish and others. Pig skin contains a large amount of collagen, which is used in large-scale production of gelatin. Pig skin gelatin is more popular than other sources of gelatin because of its simple production process, short pretreatment time and high product quality. It is an ideal source of raw materials. According to the application, the gelatin market is subdivided into food and beverage, nutrition and health products, drugs, photography, personal care and others. As most consumers prefer to consume collagen through diet rather than injection, which will lead to an increase in product penetration in the food and beverage industry, the food sector is expected to witness the fastest growth. Gelatin is a highly abundant source of protein, which can be added to functional and nutritional food and beverage products. The growing demand for nutritious food and beverages has stimulated the demand for gelatin. Gelatin is naturally derived from animal connective tissue and is considered to be a cleaning label ingredient. Therefore, the increasing consumer preference for clean label products has promoted the growth of the global gelatin Market.

Gelatin Market: Regional Analysis

In terms of geography, the global gelatin market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Europe currently dominates the food grade gelatin Market with the largest share. The increasing consumption of gelatin as a functional and low calorie diet substitute is the main factor to promote the development of the market. However, during the forecast period, the Asia Pacific region will grow at a higher CAGR and occupy the dominant position in the gelatin Market. With the increasing use of gelatin as a low calorie diet, the increase in the consumption of desserts and candy, the increase in the application of gelatin in food and beverage industry, and the increase in the application of gelatin in nutritional and health products, the demand for gelatin will continue to increase. In addition, consumers tend to high protein products and the growing demand for special drinks will also promote the development of gelatin Market in this region.

Cagr: 5.96%
Largest share area:Europe
Largest share country:Germany
Product Type(by Source of Raw Materials):Pig,Cow Hide,Cow Bone,Fish,Others
Application: Food and Beverage,Nutrition and Health Products,Drugs,Photography,Personal Care,Others
Leading Company: Gelita AG,Foodchem International Corporation,Tessenderlo Group,Darling Ingredients,Nitta Gelatin Company