Robust Demand from the Pharmaceutical Industry Drives the Global Gelatin Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 12, 2014 -- Follow us on LinkedIn – Gelatin represents an omnipresent element in foods, drugs, and supplements used as a thickener, plasticizer, emulsifier, foaming agent, moisture retainer, texture enhancer, and binding agent. As a rich source of protein, Gelatin finds application in numerous end-use sectors including pharmaceuticals, food and beverage, photographic supplies, cosmetics, explosives, electroplating, dyes, papermaking and printing, among others. Rising standards of living, easier access to healthcare services, increase in disposable incomes and rapidly aging world population represent key factors driving growth in demand for gelatin. Improving lifestyles in developing economies of India and China are also expected to promote market expansion. Lack of availability of competitive substitutes in the market makes gelatin one of the most indispensable feedstock in various end-use industries.
The food and beverage industry represents the largest end-use application sector for gelatin supported by its increasing use in bakery, beverages, confectionery, ice creams, chilled desserts, low fat spreads, meat and tinned meat products, yogurt, and dairy products, among others. Consumption in the pharmaceutical industry remains high driven by rapidly ageing demographics, rising incidence of chronic and lifestyle related diseases, and growing health consciousness. Growing focus on preventive healthcare amidst mounting healthcare costs represents another important growth driver. Rising popularity of nutraceuticals is also expected to benefit gelatin consumption in the near term. Gelatin encapsulated medicines and gelatin-based dietary and health supplements are expected to witness strong demand in the coming years.
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 4.9% over the analysis period. Growing GDP, rising standards of living, increasing disposable income, 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, Darling Ingredients Inc., Rousselot, Ewald Gelatine GmbH, Gelita AG, Gelnex, Italgelatine S.p.A., Juncà Gelatines S.L, Lapi Gelatine S.p.A., Nitta Gelatin Inc., Nitta Gelatin NA Inc., Norland Products Inc., Reinert Gruppe Ingredients GmbH, Sterling Gelatin, Suheung Co. Ltd., Geltech Co. Ltd., Tessenderlo Group, PB Gelatins, The Roxlor Group, Trobas Gelatine BV, 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, 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 (Brazil, and Rest of 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 1500+ 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.
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