Growing Demand from Food, Beverage and Pharmaceutical Applications Drive the Global Gelatin Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) October 29, 2013 -- Follow us on LinkedIn – Global market for gelatin is expected to witness steady growth 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, a derivative of collagen, is one of the richest sources of proteins that find applications across numerous end-use sectors including pharmaceuticals, food and beverage, photographic supplies, cosmetics, explosives, electroplating, dyes, papermaking and printing, among others. Lack of availability of competitive substitutes in the market makes gelatin one of the most indispensable feedstock across various end-use industries.
Growing sales of convenience foods and beverages, driven by changing lifestyles and food habits, represents an important driver for gelatin demand. 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, among others.
The pharmaceutical industry represents the fastest growing end-use application sector driven by rapidly ageing demographics, rising incidence of chronic and lifestyle related diseases, and growing health consciousness. Gelatin encapsulated medicines and gelatin-based dietary and health supplements are expected to witness strong demand. A large fraction of gelatin procured for pharmaceutical applications is used in the production of hard and soft gelatin capsules, gelatin coated tablets, encapsulation, granulation, micro-encapsulation, and in the production of several vaccines and as a binder in tablets.
Key challenges likely to hamper long-term market growth include the increasing ethical and religious issues regarding gelatin use, shift towards vegetarianism, rising demand for non-animal gelatin, and the threat from potential gelatin replacements and substitutes. However, while the alternatives meet some gelatin characteristics, none is yet available that matches all the functions such as gelling, binding, thickening, stabilizing, film forming, and aerating properties. Most of the currently available beef and pork gelatins do not meet mainstream kosher (Jewish) and halal (Muslim) standards. As a result, importance of fish gelatin is growing. Also, a large number of animal gelatin manufactures are innovating and diversifying product offerings to include vegetarian, and Halal-/Kosher-certified gelatin products.
As stated by the new market research report on Gelatin, Europe represents the largest market worldwide, followed by Asia-Pacific. Asia-Pacific is also forecast to spearhead growth with the fastest CAGR of 4.1% over the analysis period. 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.
Key players covered in the report include Capsugel Inc., Catalent Pharma Solutions Inc., Gelita AG, Gelnex, Nitta Gelatin Inc., Nitta Gelatin NA Inc., Norland Products Inc., Sterling Gelatin, Suheung Capsule Co. Ltd., Geltech Co. Ltd., Tessenderlo Group, PB Gelatins, The Roxlor Group, Roxlor France, VION Food Group, Rousselot, Rousselot (Da'an) Gelatin Co. Ltd., and Weishardt Group, among others.
The research report titled “Gelatin: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections in Metric Tons by end-use applications including Food & Beverage, Pharmaceuticals, Photographic Supplies and Others. Key geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Gelatin_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###
Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
Share this article