Published on : Aug 08, 2016
Gelatin is one of the key elements that are protein-rich and which is derived from collagen present in the animal tissues. Gelatin is a translucent and appear colorless and is simply soluble in water. It is used across the world in different industries. The global market for gelatin can be classified on the basis of its raw materials into pig skin, bovine hide, bones, and others.
Pig Skin Segment to Hold Massive Share in Global Gelatin Market in Near Future
Currently, the pig skin segment holds a massive share in the global market for gelatin, due to the high quantity of collagen present in the pig skin. This segment is estimated to remain in the leading position in the next few years. The pig skin segment is followed by the bones and bovine hide segments in the global gelatin market. Among these, the bones segment is anticipated to grow at a substantial rate in the coming few years.
Gelatin is used widely in the food and beverage and nutraceuticals industries. These application segments account for massive shares in the global gelatin market at present. The fast growth of these two segment can be ascribed to the rising awareness concerning the presence of protein in gelatin and the related health benefits. Moreover, gelatin is used in the pharmaceuticals industry for the formulation of several drugs. Apart from that, the non-edible gelatin is used in cosmetics industries and photography.
The increasing demand for gelatin from several industrial verticals have encouraged the participation of new players in the global market. As a result, the competitive scenario among the players is projected to get intense in the next few years. The prominent players in the market are emphasizing on the mergers and acquisitions strategies to strengthen their position in the market in the near future.
Some of the leading players engaged in the gelatin market across the globe are Gelita AG, PB Gelatins, Capsugel Inc., Roxlor LLC, Norland Products Inc., Nitta Gelatin Inc., Rousselot S.A.S., Catalent Pharma Solutions, Weishardt Group, and Sterling Gelatin. The increasing applications of gelatin are estimated to fuel the growth of the market in the next few years.