Gelatin Market To Grow At A CAGR Of 3.8% From 2014 to 2020: Grand View Research, Inc.

San Francisco, March 29, 2016 (GLOBE NEWSWIRE) -- Global gelatin market size was 373.3 kilo tons in 2013 and is expected to witness significant growth over the forecast period. Rising population coupled with increasing consumption of the product in various applications including nutraceuticals, pharmaceuticals and food & beverage are expected to augment demand in the next six years. Their innovative use in unconventional applications including cosmetics and photography are expected to fuel growth.

Gelatin possess unique binding, gelling,emulsification and stabilization properties. Rising awareness about its benefits and increasing health concerns are some of the key reasons for increasing demand for the product in processed foods and energy drinks. Growing demand for processed foods and energy drinks is expected to fuel growth. The global market is anticipated to be worth USD 3.18 billion by 2020 with a volume of 485.6 kilo tons.

It is generally present in marshmallows, gummy candies and desserts as a foaming, gelling and an emulsifying agent. Nutraceuticals, food & beverages, pharmaceuticals and photographic applications together account over 85.0% of the overall production. Other applications include its use in printers, rollers, abrasive paper and textile production.

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Pig skin was the most commonly used source for manufacturing the product and accounted for over 40% of total production in 2013. Short production cycle and low production cost are key factors driving the market. The product produced from pig skin is commonly used as a binder, texturizer, stabilizer, thickener and in capsules.

Bones and bovine hides together produced approximately 215.0 kilo tons of gelatin in 2013. Bones accounted for 29.5% of total production in 2013, becoming the second largest raw material used. Bones are anticipated to witness significant gains at a CAGR of 4% from 2014 to 2020 due to their high consumption in food and pharmaceutical industries.

Food & beverages demand was108.9 kilo tons in 2013. Rising consumer preference for low fat, healthy and high protein food, sport drinks over conventional food items is largely driving demand. This trend is likely to continue over the forecast period.

Nutraceuticals accounted for over one-fourth of the global volume in 2013, owing to its excellent solubility. Their increased use in processed foods and dietary supplements coupled with the growing demand for these products is expected to propel demand over the forecast period. Nutraceutical applications is anticipated to witness significant gains at a CAGR of 3.8% from 2014 to 2020 reaching an estimated volume of 124.5 kilo tons by 2020.

Europe dominated the global industry accounting for over 40% of the total demand in 2013. Growing consumption of gelatin-based sports drinks in countries including UK, Belgium, Italy, Germany and France is expected to fuel demand over the next six years. Demand in North America is expected to increase owing to its rising utilization in photography, cosmetics and nutraceutical applications.

Rising awareness and increasing health concerns among consumers coupled with growth of the application industries in Asia Pacific are key factors leading to significant gains at a CAGR of 4.3% over the forecast period. Key players including Sterlin Gelatin, Gelita AG, Rousselot, PB Gelatin and Weishardt Group together accounted for over 60% of the total share in 2013.

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Grand View Research has segmented the global Gelatin market on the basis of application, raw material and region:

Gelatin Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• Food and Beverage
• Nutraceuticals
• Pharmaceuticals
• Photography
• Cosmetics
• Others

Gelatin Raw Material Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)

  • Pig Skin
    • Bovine Hide
    • Bone
    • Others
    Gelatin Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Source:Grand View Research