Gelatin Market Trends, Development, Growth and Demand Forecast to 2020
The global gelatin market is being driven by the enhanced use of drugs and supplements in the pharmaceutical industry. The use of gelatin in 3D printing of human organs and tissues is another major driver for the growth of the global gelatin market.
Gelatin is made from collagen that is found in pigs, fish, sheep, and bovines, and is a robust source of protein. Gelatin contains 85-90% protein, 8-12% water, and 2-4% mineral salts. The edible variety of gelatin is most widely used, which lacks additives and preservatives. Cosmetics and photography segments use the non-edible form of gelatin. Gelatin has a semisolid gel like texture with significant amount of thickness.
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The global gelatin market can be segmented on the basis of sources, and applications. On the basis of sources, the gelatin market can be segmented into marine, bovine, chicken, porcine, and others, which include cats, dogs, donkeys, and horses. The major applications areas of gelatin are pet food, bone and joint health, ballistics, cosmeceuticals, nutraceuticals, photography, food and beverages, and pharmaceuticals. Porcine gelatin dominated the global gelatin market. Food and beverage accounted for the largest application segment of the global gelatin market, in 2014. The increasing preference towards sports drinks, along with other advantages of gelatin are the main factors responsible for their high penetration in food and beverage applications. Nutraceuticals is the second largest application segment in the global gelatin market, after the food and beverages segment.
Gelatin is mainly used due to its unique characteristics such as binding, emulsification, stabilization, and gelling. Due to the increasing disposable income and the growing consciousness among people about healthy and nutritious diet, the demand for processed food and energy drinks is growing; which in turn, is stimulating the growth of gelatin as a supplement. The increased demand in applications such as cosmetics, and photography is expected to lay significant growth opportunities for the global gelatin market during the forecast period.
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Sterling Biotech Ltd., Weishardt Holding SA, Norland Products Inc., Rousselot S.A.S., Nitta-Gelatin, and Catalent Inc. are some of the competitors thriving in the global gelatin market.
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Sep 03, 2016