Global Gelatin Market Nurtured by Expanding Applications
Gelatin refers to a wholesome food protein which is derived from the collagen found in bones, connective tissues and skin of pigs or other animals. It comprises of amino acids like glycine and proline which are helpful in regulating weight, strengthening the immune system, and treating osteoarthritis as well as osteoporosis (brittle bones). Gelatin is utilised for enhancing the hair quality and recovering from sports-related injuries. Moreover, it is used as a thickening or gelling agent in bakery, confectionary and desserts such as yogurt, puddings, candies, ice creams and marshmallows. One of the useful properties of gelatin is that in diluted water solution, it becomes thermally reversible elastic gel which melts on reaching the body temperature. Owing to this, before being added into a recipe, it is dissolved in warm water so that it can be mixed along with different liquids or mixtures.
On account of rapid urbanisation and inflating disposable incomes, the food and beverage industry is currently witnessing a robust growth which, in turn, is proliferating the demand for gelatin food products as well as beverages. Apart from this, rising health consciousness amongst consumers has resulted in a surge in the demand for protein-based food items. Gelatin comprises of protein and amino acids due to which it is being adopted in the everyday diet of a number of consumers. Besides this, the pharmaceutical industry is another fastest growing end consumer for gelatin due to aging population and rising prevalence of diseases. On account of adhesive property of gelatin, it is employed in making of tablets and joining different layers of liquorice. Further, gelatin is utilised in various healthcare as well as cosmetic products such as creams, body lotions, sun screens, shampoos, bathing salts and hair care sprays. Some of the benefits of adding gelatin in cosmetics and skincare products include minimising cellulites, preventing stretch marks, and cleansing as well as firming the skin. As per the global gelatin market report by IMARC Group, the market reached a volume of nearly 410 Thousand Tons in 2017.
Market segregation on the basis of raw material and end-use
Pig skin represented the most popular raw material for the manufacturing of gelatin. As pig skin contains high amount of collagen, it is excessively used in the production of gelatin.
On the basis of end-use, the market has been classified as food and beverages, nutraceuticals, pharmaceuticals, photography, cosmetics and others. The food and beverage industry exhibits a clear dominance in the market as it is extensively used in the preparation of several desserts, candies, marshmallows, trifles, etc. Additionally, gelatin is employed as a glazing agent for formulating canned meat and a thickener in yogurt, cheese as well as margarine.
Europe dominates the market
On a geographical front, the gelatin market has been segmented into Europe, North America, Asia, South America and Others. Amongst these, Europe enjoys the leading position in the market owing to the mounting demand for gelatin in the region, particularly in the pharmaceutical sector. Moreover, the ascending trend of employing additional nutritional ingredients in a variety of food products as well as beverages is fuelling the market growth in the region.
Gelatin market: Highly Concentrated
The gelatin market is highly concentrated in nature due to the presence of top six players who are competing against each other and new entrants based on price, quality, innovation and distribution. As gelatin production requires high capital investments, it makes the entry of new players difficult in the industry. Currently, Gelita AG accounts for the majority of the market share. Other key players operating in the market include Rousselot SAS, PB Gelatin, Sterling Biotech, Weishardt and Nitta Gelatin.
Looking forward, the global gelatin market volume is expected to exceed 460 Thousand Tons by 2023, expanding at a CAGR of 2% during 2018-2023.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the gelatin industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development