Global Gelatin Market Trajectory & Analytics 2022-2027: Growing Prominence of Gelatin-Based Pharmaceuticals Drive Market Growth

DUBLIN, Feb. 22, 2022 /PRNewswire/ -- The "Gelatin - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Growth in the global gelatin market is propelled by several factors including rising demand for convenience and functional foods, increasing health awareness, expansion of end-use industries and growth across emerging markets. 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 promoting market expansions include rising health awareness, strong demand for supplements, technological advancements related to softgel capsules and increasing use of pharmaceutical drugs.

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

Amid the COVID-19 crisis, the global market for Gelatin estimated at 504.8 Thousand Metric Tons in the year 2020, is projected to reach a revised size of 799.5 Thousand Metric Tons by 2026, growing at a CAGR of 7.9% over the analysis period.

Pig Skin, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR 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 its induced economic crisis, growth in the Bovine Hide segment is readjusted to a revised 6.7% CAGR for the next 7-year period. This segment currently accounts for a 30.6% share of the global Gelatin market.

With regards to raw materials, pig skin is the key raw material used for making gelatin, due to the high collagen content. The product derived from pig skin is generally used as a thickener, stabilizer, texturizer, binder and in capsules. The growing demand from the food & beverage industry for nutritional and sports products drive the growth of the porcine gelatin segment. Products that are based on bovine hide, owing to their considerable protein content and easy absorption of water, are expected to witness increased usage in the forthcoming years.

The Gelatin market in the U.S. is estimated at 117.5 Thousand Metric Tons in the year 2021. The country currently accounts for a 21.75% share in the global market. China is forecast to reach an estimated market size of 115.5 Thousand Metric Tons in the year 2026 trailing a CAGR of 9.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR while Rest of European market will reach 122 Thousand Metric Tons by the end of the analysis period.

Europe dominates market share driven by increasing consumption of sports drinks that include gelatin. Growing concern over rising obesity levels and the subsequent growth in weight management efforts is also a major factor boosting demand for gelatin in the region. The US also is a major market, on account of increasing use of gelatin in nutraceuticals, cosmetics and photography application areas. Rising health concerns and growing awareness among customers in addition to increasing application in various sectors is driving gains in the Asia-Pacific market.

Select Competitors (Total 79 Featured):

• Darling Ingredients Inc.
• Rousselot B.V.
• Ewald-Gelatine GmbH
• Gelita AG
• Gelnex Industria E Comercio Ltda.
• Italgelatine S.p.A.
• Junca Gelatines SL
• Lapi Gelatine S.p.a.
• Lonza Group Ltd.
• Nitta Gelatin Inc.
• Nitta Gelatin, NA Inc.
• REINERT GRUPPE Ingredients GmbH
• Sterling Biotech Limited
• Suheung Co., Ltd.
• Geltech Co., Ltd.
• Tessenderlo Group NV
• PB Leiner
• The Roxlor Group
• Roxlor LLC
• Trobas Gelatine B.V.
• Weishardt Holding SA

Key Topics Covered:


MARKET OVERVIEW

• Gelatin: An Omnipresent Protein-Rich Ingredient with Excellent Properties and Functionalities
• Increasing Emphasis on Healthy and Nutritious Food to Drive the Global Gelatin Market
• Food and Beverage Leads the End-use Market
• Europe Dominates the Global Gelatin Market, Asia-Pacific to Exhibit Fastest Growth
• Pig Skin Dominates

MARKET TRENDS & DRIVERS

• Hydrocolloidal Properties of Gelatin Enable Numerous Food Applications
• Gelatin-Derived Films and Coatings Find Use in Food Packaging
• Growing Consumption of Dairy Products Benefit Demand for Gelatin
• Growing Prominence of Gelatin-Based Pharmaceuticals Drive Market Growth
• Fish Gelatin as an Attractive Substitute to Mammalian Gelatin Drive Massive Consumer Interest
• Despite Challenges, Halal Gelatin Emerge as a Niche Market Segment in the Food Application Sector
• Focus on Preventive Healthcare Boosts Gelatin Consumption in Nutraceuticals
• Growing Health Consciousness Drive Demand for Collagen-Based Nutraceuticals
• Anti-Aging Properties of Gelatin Benefits Demand from the Expanding Aging Demography
• Gelatin Nanoparticles Gain Popularity in Biomedical Field
• Gelatin-Based Hydrogels Find Use in Wound Management
• Gelatin Emerges as a Popular Clean Label Ingredient
• Gelatin Sheets Find Increasing Demand in Medical Procedures
• Gelatin-cell Composites Aid in Cartilage and Bone Tissue Regeneration

GLOBAL MARKET PERSPECTIVE

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