The global gelatin market size was 412.7 kilo tons in 2015. The increasing application of the product in food & beverage and pharmaceutical applications on account of exhibiting excellent stabilizing characteristics and good binding features is expected to remain a favorable factor for growth over the forecast period.
Gelatin is derived from collagen which is obtained from various animal sources including pig skin, bovine hides, cattle bones and fish. This type of animal collagen helps to swallow tablets and capsules easily.
The product is majorly used as a gelling agent in numerous applications including food & beverage, nutraceuticals, healthcare, personal care, and photography. Increasing demand for convenience foods in emerging economies including China, India, and Middle East countries is expected to promote the usage of the product as a functional ingredient in confectionaries.
Gelatin is also used in the production of a broad range of pharmaceuticals including wound dressings, blood volume substitutes, and homeostatic sponges. Development of the pharmaceutical industry in the U.S. and Canada in light of increasing expenditure for incorporation of latest technologies is expected to have a substantial impact.
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. Therefore, industry presence of polysaccharide is expected to pose a substitutional threat to gelatin market over the next eight years.
Increasing awareness towards microencapsulation in the broad range of applications including food & beverage and healthcare is expected to open new markets over the next eight years.
U.S. gelatin market, by application, 2013 – 2024 (Kilo Tons)
Food & beverage was the largest application, accounting for 29.0% of the global volume in 2015. The ingredient is used in sports drinks on account of its high content of protein, carbohydrates, and electrolytes. Proteins are needed to repair damaged structures and muscle tissue by accelerating recovery via transporting oxygen & other nutrients.
Pharmaceutical applications consumed 85.6 kilo tons of the ingredient in 2015. Increasing usage of hydrocolloids in the pharmaceutical industry on account of excellent solubility is expected to promote the usage of gelatin over the next eight years.
Raw Material Insights
Pig skin was the majorly used raw material, accounting for 40.6% of the market volume in 2015 owing to the high level of collagen content. However, increasing occurrences of seasonal disorders associated with swine is expected to refrain gelatin manufacturers for procuring pig skin as a raw material.
Bovine hides are also used as a raw material on account of the presence of high levels of peptide and fibrous content. Cattle bones release protein rich collagen which is boiled and filtered repeatedly post which it is ground into a powder. Consumption of this powder helps in improving digestion and connective tissue. As a result, cattle bones are expected to witness the fastest growth at a CAGR of 4.9% from 2016 to 2024, in terms of volume.
The increasing popularity of halal foods in food & beverage industry of Middle East countries is expected to promote the usage of cattle bones as raw materials to produce gelatin over the forecast period.
Fish skin, horse hair, and sheep covering are other raw materials which are used for the production of gelatin. Technological advancement for the development of fish gelatin in China is expected to open new markets over the next eight years.
The increasing importance of emulsifying property in food & beverage industry of major markets of Germany, UK, and France is expected to promote the usage of gelatin as a gelling agent over the next eight years. The market is projected to witness growth at a CAGR of 6.7% from 2016 to 2024, in terms of revenue.
Application growth of pharmaceutical products including tablets and capsules in emerging markets of China and India owing regulatory support intended for promoting investments in the healthcare sector is expected to increase the demand for stabilizing agent. Gelatin also finds use as thickening agents in the photographic industry.
Europe was the largest market, accounting for 41.2% of the global revenue in 2015. Increasing awareness towards incorporation of nutritional ingredients in food & beverage industry, particularly in developed economies including Germany, UK, and France, is expected to have a high impact on the market. Also, the presence of a robust pharmaceutical manufacturing base in Germany, UK and Belgium is supposed to remain a favorable factor.
Asia Pacific is projected to witness the fastest growth at a CAGR of 6.0% from 2016 to 2024, in terms of volume, over the next eight years. Positive outlook towards the healthcare sector in Thailand and Malaysia in light of increment in sales volume of pharmaceuticals is expected to promote the usage of gelatin in the near future.
Key industry participants include Rousselot, Capsugel Inc., Catalent Pharma Solutions, Gelita AG, PB Gelatin and Sterling. The global gelatin market is concentrated in nature with the top four companies accounting for a lion’s share of the overall market in 2015.
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