Research report presented by UnivDatos, Emphasis on Extraction Material (Pig Skin, Bovine Hides, Cattle Bones, Others), Function (Stabilizer, Thickener, Gelling Agent, Others), End-User Industry (Food& Beverage, Nutraceuticals, Pharmaceuticals, Photography, Personal Care, Others) and Geographical analysis (key regions and countries).
As per the research report, Global Gelatin Market is expected to reach the market valuation of US$ 4,254.3 million by 2026 expanding at a reasonable CAGR of 7.88% during the forecast period (2021-2026) from US$ 2,714.9 million in 2019. Gelatin is defined as a denatured protein, developed from collagen (a constituent of connective tissue and bones of animals) and is widely used as a pure protein ingredient in the food industry on account of its exceptional gelling, emulsifying, binding, and stabilizing properties. Various meals are being completely replaced by snacks. Snacking is more than just an indulgence or sweet treat; it has become purposeful. Manufacturers and retailers have the opportunity to create smarter, fresher, and healthier options, and in smaller and more frequent formats.
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According to the British National Formulary (BNF), gelatin is characterized as the item acquired from alkaline, acid, or enzymatic hydrolysis of collagen, the central protein segment of the bones, skin, and connective tissue of creatures, including poultry and fish. Increasing consumer inclination towards protein-rich diets, dietary supplements has enhanced the use of collagen peptide in the food and beverage industry. Gelatin is the richest food source of the amino acid glycine, which is particularly important for one’s health. It is widely used in various fields of the food industry due to its stabilizing, gelling, clarification, balancing, foaming, emulsion forming and stabilization, and film-forming properties. It is also utilized for clarification of wines and juices, in meat and milk products, and also since gelatin is a pure protein, it is consumed in the supplementary nutrients and drinks that are used by sportsmen. Over the past few years, polysaccharides are being increasingly used as an important constituent in healthcare and food & beverage applications on account of providing excellent hydrolyzing enzymatic properties.
Tessenderlo Group, Rousselot, Capsugel, Nitta Gelatin Inc., Catelent Inc., Weishardt Group, Gelita AG, GelTech Solutions, Ewald Gelatine, and Genex are some of the prominent players operating in the global gelatin market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Extraction material, Pig Skin segment holds the major share”
Based on extraction material, the market is fragmented into pig skin, bovine hides, cattle bones, and others. Pig Skin dominated the market with a share of 42.2% in 2019. Pigskin contains a large amount of collagen; hence it is utilized for manufacturing gelatin on a large scale. The simple production process, less pretreatment time, and superior quality of the product have made pigskin an ideal source of raw material.
“Amongst Function type, Stabilizer is expected to dominate the market during the analyzed period”
Based on the market segment by application type, the market is segmented into stabilizer, thickener, gelling, and others. In 2019, gelatin, as a stabilizer, reached 39.7% of market revenue share. Currently, stabilizer dominated the gelatin market and is expected to remain dominant during the analyzed period. However, the thickener is anticipated to grow with the highest CAGR over the forecast period.
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“Amongst End-user, Food & Beverage is expected to dominate the market during the analyzed period”
Based on the market segment by end-user, the market is fragmented into food & beverage, nutraceuticals, pharmaceuticals, photography, personal care, and others. In 2019, the Food & Beverage industry accounts for the maximum market share with 30.6% and is expected to be the leading segment of the gelatin market during the forecast period. Gelatin, used by top culinarians around the world, in many ways as a secret ingredient that enables them to create extra-culinary magic for their patrons.
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“Europe represents one of the largest markets of Gelatin market”
For a better understanding of the market dynamics of the Gelatin market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC) and rest of the world has been conducted. Europe generated revenue of US$ 1,074.2 million in 2019. Being one of the matured markets, increasing disposable income, implementation of stringent regulatory policies on the prevention of the spread of bovine spongiform encephalopathy (BSE), and healthy food products along with improving economic condition has driven the growth of gelatin in Europe.
The Gelatin Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
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