A recent market intelligence report that is published by Data Insights Partner on the global gelatin market makes an offering of in-depth analysis of segments and sub-segments in the regional and international market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global gelatin market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of the global market is offered. In accordance with the report, the gelatin market is projected to expand at a CAGR of 6.2% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Gelatin is a sticky gel-like substance which is a biopolymer. It is derived from bones and hides of animals, as well as scales of fish. Gelatin itself is a partially hydrolyzed collagen extracted from hides, skin, connective tissues and bones of animals. It has multiple uses as stabilizer, to increase consistency and elasticity in many end-use products, which is why it is of high demand in many industries.
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Gelatin is usually derived from cattle, generally cows (bovine gelatin) and pigs (porcine gelatin). Alternately, gelatin from marine sources can be seen to grow fast in the forecast period, as its high absorption rates and bioavailability make it superior to other gelatin sources. High absorption rates of marine gelatin ensure the benefits of it to be properly absorbed by the body when ingested, especially in skin. Another driver of the gelatin market is the high demand for the substance in fitness, healthcare and cosmetic industries. In healthcare, it can be used in medicines to treat osteoarthritis, rheumatoid arthritis as it has properties of strengthening bones and improving nails. Gelatin is used also in jellies and candies as a primary thickener and texturizer.
A big critique of the gelatin market is the widespread slaughtering of cattle for extracting their hides, bones and skin to manufacture gelatin. Also, marine gelatin is highly preferred due to it being of a higher quality, which reduces the market demand for porcine and bovine gelatin. This has caused many environmental conservationists to encourage people to look for alternative solutions which do not involve large scale slaughtering of animals. Also, traditional gelatin, when consumed in doses more than necessary, can cause renal complications and anaphylaxis in some individuals. So, doctors often stop patients from consuming gelatin to decrease mortality rates.
Due to ethical and environmental reasons, the demand for plant based gelatin is rising worldwide. Agar agar and carrageenan, two algae derived substances, have similar properties to gelatin, although their textures are much different. Darling Ingredients, produces a range of gelatin methacryloyl (GelMA) (biomaterials), which is suitable for preclinical and clinical applications. X-Pure GelMA is a form of ultra-pure gelatins and collagens, used as biomaterials in 3D bioprinting, tissue engineering, regenerative medicine and many other purposes. This combination holds huge potential for creating suitable environments for culturing various cells at body temperature. Thus, as disposable income and the demand for processed food grows, the market of gelatin experiences a great stimulus for growth.
This market intelligence report on the global gelatin market is segmented based on raw material, application and country/regions.
In terms of raw material, the global gelatin market is segregated into,
- Pig skin
- Cattle bones
- Bovine hides
By application, the global gelatin market is also classified into,
- Food and beverages
- Personal care
By country/region, the global gelatin market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Darling Ingredients
- India Gelatine and Chemicals
- Sterling Biotech Group
- Junca Gelatine
- Lapi Gelatine
- Nitta Gelatin
- Trobas Gelatine
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as gelatin market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of gelatin market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the market of gelatin is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Lapi Gelatine, Nitta Gelatin, Sterling Biotech Group, India Gelatine and Chemicals and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for gelatin caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
Reasons to buy:
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v Identification of key factors driving investment opportunities in the gelatin market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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