Gelatin Market Estimated to Exceed US$ 3,373 Million Globally By 2024: IMARC Group

Global Gelatin Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Report Description Global Gelatin Market Overview:

The latest report by IMARC Group, titled “Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, estimates that the global gelatin market has grown at a CAGR of more than 8% during 2011-2018, reaching a value of US$ 2,300 Million in 2018. Gelatin is a flavorless, colorless and water-soluble food protein obtained from collagen which is derived from the body parts of various mammals. It is available in numerous forms commercially, such as powder, sheets and granules. Generally composed of water, mineral salts and proteins, gelatin forms a thermally reversible elastic gel when mixed with water and gives a unique organoleptic property and flavor release to the products. Due to its water binding, crystallization control and film forming properties, gelatin is employed in food, pharmaceutical, nutraceutical, photography, cosmetic and packaging industries.

Gelatin Market Trends One of the key factors which is driving the growth of the gelatin market is the extensive applications of gelatin as a viscosity controlling, cleansing and thickening agent. In the food and beverage industry, gelatin is utilized as a gelling and stabilizing agent to provide consistency and stability to food products such as candies, marshmallows, cakes, ice creams and yogurt.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

In Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

As a result, it plays an important role in the treatment of osteoarthritis, rheumatoid arthritis and osteoporosis in the medical industry. On account of these factors, the global gelatin market is anticipated to grow at a CAGR of more than 6% during 2019-2024, reaching a value of US$ 3,373 Million by 2024.

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Apart from this, gelatin is also known to improve the appearance of skin and quality of hair, owing to which it is employed in the manufacturing of several personal care products. Changing lifestyles, improving standards of living and inflating disposable incomes of consumers have led to a positive demand for food items and cosmetics which, in turn, is giving a thrust to the market growth. Moreover, gelatin offers numerous health benefits due to its unique combination of amino acids.

For more information, click here: https://www.imarcgroup.com/ossein-gelatine-technical-material-market-report Key Market Segmentation: Market Segmentation by Raw Material • • • •

Pig Skin Bovine Hides Bones Other Sources

Based on raw materials, the market has been segregated into pig skin, bovine hides and bones.

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Amongst these, pig skin holds the dominant market share and represents the most preferred raw material for manufacturing gelatin.

Market Segmentation by End Use • • • • • •

Food and Beverages Nutraceuticals Pharmaceuticals Photography Cosmetics Others

On the basis of end-uses, gelatin is largely utilized in the food and beverage sector, accounting for the majority of the market share. Other major segments include nutraceuticals, pharmaceuticals, photography and cosmetics.

Market Segmentation by Region •

Europe

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North America Asia South America Others

Region-wise, the global gelatin market has been categorized into Europe, North America, Asia and South America. Amongst these, Europe is the leading market for gelatin, exhibiting a clear dominance in the industry.

Competitive Landscape The competitive landscape of the market has also been examined with some of the key players.

• • • •

Cow and Pig Bones Sodium Carbonate Hydrochloric Acid Quick Lime

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