Gelatin Market Is Poised To Reach $3.6 Billion By 2023, At A CAGR of 6.6% During The Forecast Period

CITY – Northbrook, Country – USA, 2020-Mar-06 — /EPR Network/ —

The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. Growing demand for functional and convenience food & beverage products and rising preferences for clean-label products are projected to drive the market for gelatin.

Browse 116 market data Tables and 40 Figures spread through 176 Pages and in-depth TOC on “Gelatin Market – Global Forecast to 2023”

The wider application scope, multiple functionalities, and clean-label claim are eventually driving the global gelatin market growth. With the rising health consciousness among consumers and demand for “free-from” food products, the market of gelatin is expected to rise. There has also been an increasing demand for gelatin from the nutraceutical and sports nutrition segment due to its high protein content.

The porcine segment is estimated to dominate the market for gelatin in 2018. Pigskin contains a high amount of collagen proteins, which are partially hydrolyzed to derive gelatin. Pig-sourced gelatin manufacturing requires a short period for pretreatment and generates lesser wastewater as compared to other sources. Hence, the reduced time period for gelatin extraction along with the high content of protein is attributed to the growth of the gelatin market.

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The porcine segment is estimated to dominate the market for gelatin in 2018. Pigskin contains a high amount of collagen proteins, which are partially hydrolyzed to derive gelatin. Pig-sourced gelatin manufacturing requires a short period for pretreatment and generates lesser wastewater as compared to other sources. Hence, the reduced time period for gelatin extraction along with the high content of protein is attributed to the growth of the gelatin market.

Darling Ingredients is one of the major companies involved in the manufacturing of natural ingredients from edible and inedible bio-nutrients. It serves a wide range of applications including food, health & pharma, feed, pet food, fuel, bio-energy, and fertilizer. The company has its processing units in over 200 countries across the globe. It operates through three business segments, namely, feed ingredients, food ingredients, and fuel ingredients. It offers gelatin under its food ingredients segment. The company’s gelatin products and solutions are manufactured by Rousselot (France). Rousselot is a leading market provider of gelatin and hydrolyzed collagen for the food, nutrition, pharmaceutical, and technical industries with operations across Europe, China, South America, and the US.

Furthermore, Tessenderlo Group is involved in providing specialty solutions for applications in food, agriculture, water management, and efficient use and re-use of natural resources. PB Gelatins/PB Leiner is a subsidiary of Tessenderlo Group, which produces a complete range of gelatin, hydrolysates, and collagen peptides that are used in food processing.

Europe is projected to hold the largest market share during the forecast period.

Europe is estimated to account for the largest share of the market in 2018. The presence of a large number of food & beverage companies presents the European gelatin market with a prominent consumer base.

Major vendors in the gelatin market include Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Darling Ingredients (US), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil).

Scope of the Report:

On The Basis Of Source

• Porcine
• Bovine skin
• Bovine bone
• Fish & poultry

On The Basis Of Application

• Food
  • Bakery & confectionery
  • Nutritional products
  • Beverage
  • Dairy products
  • Meat products
  • Other food products
• Pharmaceuticals & healthcare
• Others (Cosmetics & photography)

On The Basis Of Type

• Type A
• Type B

On The Basis Of Function

• Thickening
• Gelling
• Stabilizing
• Others

On The Basis Of Region

• North America
• Europe
• Asia Pacific
• ROW

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