The global gelatin market has been forecast to reach a volume of 404.2 thousand metric tons by 2018, driven by the growing demand from end-use applications such as food & beverage and pharmaceuticals.
Gelatin is a translucent, colourless, brittle (when dry), flavourless solid substance, derived from collagen obtained from various animal by-products. It is commonly used as a gelling agent in food, pharmaceuticals, photography, and cosmetic manufacturing.
The global market for gelatin is expected to witness steady growth over the coming years, driven by stable consumption patterns in the nutraceutical, food and pharmaceutical end-use industries.
Rising standards of living, easier access to healthcare services, increase in disposable incomes and rapidly aging world population represent key factors driving growth in these application markets.
Improving lifestyles in developing economies of India and China are also expected to drive product demand.
Gelatin is one of the richest sources of proteins that find applications across numerous end-use sectors. Lack of availability of competitive substitutes in the market makes gelatin one of the most indispensable feedstock across various end-use industries.
The exceptional hydrocolloidal properties of gelatin enable its use in numerous applications in the food and beverage industry, which represents the largest end-use application sector for gelatin.
Key hydrolyzed gelatin applications include provision of chewiness, texture, and foam stabilization to confectionery products; water-binding properties to meat products; creaminess, fat reduction, and mouth feel to jelly deserts; stabilization and texturization to dairy products; and as a clarifier and thickener in beverages & juices.
According to a recent market report, 'Gelatin: A Global Strategic Business Report,' Europe represents the largest market worldwide, followed by Asia-Pacific.
Asia-Pacific is also forecast to spearhead growth with the fastest compound annual growth rate of 4.1% over the next five years.
Growing GDP, rising standards of living, increasing disposable income levels, expanding healthcare access and robust gelatin demand from end-use industries represent key factors driving growth in the region.
For more information on the global gelatin market, see the latest research: Global Gelatin Market
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