Global Gelatin Market (2022-2030): Comprehensive study explores Huge Growth in Future

The global gelatin market was valued at US$ 2540.70 Mn in 2020 growing at a CAGR of 7.2% over the forecast period (2022 – 2030).

PUNE, MAHARASHTRA, INDIA, March 24, 2022 /EINPresswire.com/ -- An erudite statistical data titled as, Gelatin Market has been published by Absolute Markets Insights. The comprehensive report studies the global Gelatin market from an aerial perspective covering regions such as, North America, Latin America, Asia-Pacific, Europe, America, and India to get a detailed global business outlook. Significant market players have been provided in order to scrutinize international market strategies across the globe. The report also highlights various financial terms such as profit margin, shares, and pricing structures, in order to provide enlightening information about the economic platform of the businesses. For rapid business expansion, the report also focuses on important strategies and analysis models such as SWOT and Porter’s Five.

Porcine sourced gelatin accounted for the higher market share in 2020 and is expected to maintain its dominance over the forecast period (2022-2030) period in the gelatin market. High product penetration in food & beverage applications along with abundant availability of raw material are some of the major factors projected to drive the gelatin market demand. Apart from porcine sourced gelatin products, bovine sourced gelatin also have high product penetration on account of growing demand for pharmaceutical and nutraceutical products. Moreover, stringent regulations against porcine based products in Islamic countries is limiting its penetration. Other sources include fish and poultry. One of the major factors driving the demand for fish and poultry sources is socio cultural concerns associated with bovine and porcine based gelatin.

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The global gelatin market was valued at US$ 2540.70 Mn in 2020 growing at a CAGR of 7.2% over the forecast period (2022 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Gelatin is manufactured from partial hydrolysis from collagen, which is procured from animal sources including porcine, bovine, poultry and fish. The product is commercially available in capsules, sheet and powder form. High consumption of gelatin in food & beverage owing to its excellent stabilizing, and gelling properties drove the demand of gelatin market in the past. China and India being largest Asian giants in food & beverage sector faced short term impacts amid covid. According to Multidisciplinary Digital Publishing Institute (MDPI), Chinese and Indian food & beverage consumer goods subsector accounts for 18.31% and 27.97% respectively. Growth in such shares can be attributed to increasing product demand in confectioneries, bakery products and ice-creams. Also, reopening of venues such as restaurants, hotels, food & drinking places, etc. post COVID-19 is projected to drive the gelatin market growth over the forecast period.

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Although, Europe and North America is projected to dominate the gelatin market on account of high consumption from end-use industries, . the demand for gelatin is expected to increase in Middle Eastern countries with vaccination drive. Pork-derived gelatin is widely used as stabilizer in vaccines, to ensure its safety and effectiveness during transport and storage. On account of uncertainty pertaining to vaccine use with concerns regarding permissibility under Islamic law influenced the demand of pork derived gelatin for short term. However, latter approval of such vaccine from UAE Fatwa Council is propelling the regional market growth.

Some key players in the global gelatin market are Gelita AG, Gelnex, Italgelatine S.p.A., Jellice Gelatin & Collagen, Juncà Gelatines SL, Lapi Gelatine S.p.a., MM Ingredients, Nitta Gelatin, Inc., PB Leiner, Rousselot., Trobas Gelatine B.V, Weishardt, Xiamen Hyfine Gelatin Co., Ltd. and Other Market Participants.

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Global Gelatin Market:
By Source:
• Bovine
• Porcine
• Fish
• Poultry

By Type:
• Type A
• Type B

By Form:
• Capsule
• Powder
• Sheet

By Application:
• Food & Beverage
o Bakery & Confectionery
o Meat Products
o Dairy Products
o Other
• Pharmaceutical
• Nutraceutical
• Personal Care & Cosmetics
• Photography
• Others

By Region
• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Key questions answered in the report include:
• What will the market size and the growth rate be in 2030?
• What are the key factors driving the global Gelatin market?
• What are the key market trends impacting the growth of the global Gelatin market?
• What are the challenges to market growth?
• Who are the key vendors in the global Gelatin market?
• What are the market opportunities and threats faced by the vendors in the global Gelatin market?
• What are the key outcomes of the five forces analysis of the global Gelatin market?

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