The global gelatin market size is expected to reach USD 5.0 billion by 2025 registering a CAGR of 8.0%, according to a new report by Grand View Research, Inc. Gelatin is a flavorless, translucent, and brittle food product derived from animal collagen. It is primarily used as a gelling agent in various applications like personal care and cosmetics, food & beverages, nutraceuticals, pharmaceutical, and photographic films.
Growing demand for convenience foods due to changing lifestyle is expected to be one of the primary factors driving the market over the forecast period. Increasing importance of emulsifying property in the food & beverage industry is further driving growth. Companies have been focusing on R&D for the development of alternative sources for gelatin production. Catalent Pharma has invested heavily for the development of the RP Scherer Softgel delivery technology, similar to capsules.
Reducing supply of raw materials is making manufacturers to focus on developing alternative materials. Moreover, growing demand for Halal-certified products has impelled companies to focus on product innovation. Companies including Abbot Nutrition, Nestle, Noor Vitamins, and HalalVital are focusing on manufacturing nutraceuticals using Halal gelatin. Moreover, approval by regulatory bodies including the U.S. FDA and Scientific Steering Committee (SSC) of Europe for the use of gelatin in products has positively impacted the market growth.
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Further key findings from the study suggest:
Growing product demand on account of increasing consumption of convenience foods is expected to play an important role in driving the market growth
Food & beverage application segment led the global gelatin market in 2018 and is projected to expand further at a CAGR of 7.8% from 2019 to 2025
Increasing demand for pork in China coupled with lower price of pork as compared to bovine is expected to augment the growth of the pig skin raw material segment
Manufacturers are aiming to achieve optimum business growth by implementing strategies including acquisition, new product development, promotion of key product brands, and significant investments in R&D
For example, in October 2013, Catalent Pharma launched three new products called OptiGel Lock and OptiGel Bio. OptiGel Lock to prevent the abuse of prescription pain medication
Grand View Research has segmented the global gelatin market on the basis of raw materials, function, application, and region:
Gelatin Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Gelatin Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Gelatin Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Food & Beverages
Meat & Poultry Products
Gelatin Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Central & South America
Middle East & Africa
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