Published on : Jul 05, 2016
Gelatin is considered as a protein-rich element that is attained from collagen in the animal tissues. Gelatin is a colorless substance, translucent, and is easily soluble in water. Gelatin is used widely across the globe in diverse industries. Among the several applications, the food and beverage and nutraceuticals sectors account for the largest share in the global gelatin market. The rapid growth of these two segment can be attributed to the growing awareness regarding the protein content in gelatin and related health benefits.
Apart from that, gelatin is further used in the pharmaceuticals industry for formulating several drugs. The non-edible gelatin is used in photography and cosmetics industries.
The global market for gelatin can be classified on the basis of its raw materials into:
- Bovine Hide
- Pig Skin
At present, the pig skin segment accounts for the largest share in the global gelatin market, owing to the high quantity of collagen that is present in the pig skin. This segment is followed by the bones and bovine hide segments in the overall market. The bones segment is projected to witness a substantial growth in the next few years.
Growing Geriatric Population to Boost Demand for Edible Gelatin Worldwide
The growing inclination towards high-protein and low-fat diets have contributed significantly towards the growth of the global gelatin market in the last few years. In addition, the biocompatibility of gelatin allows its absorption into the human body, due to which gelatin has high demand in the food and beverages industry. Furthermore, the rising geriatric population across the globe is anticipated to boost the demand for edible gelatin in the next few years.
The growing traction of the global gelatin market is attracting several players to enter the market in the near future. Some of the prominent players presently engaged in the global market are Roxlor LLC, Gelita AG, Capsugel Inc., Norland Products Inc., Catalent Pharma Solutions, Nitta Gelatin Inc., Rousselot S.A.S., Weishardt Group, PB Gelatins, and Sterling Gelatin. These players are focusing on the mergers and acquisitions in order to strengthen their position in the market and expand their product portfolio.