Gelatin or gelatine is a mixture of peptide and protein obtained from animals, which appears translucent and colorless. It is usually used as a gelling agent for various end use in food, medication, paper, cosmetics, etc.
A major factor driving growth of the global gelatin market is increasing demand from food and beverages. In addition, increasing adoption from pharmaceutical, and cosmetic industries are other factors fueling growth of the global gelatin market. Stringent regulations on use of product is a major factor which hinder growth of the global gelatin market. In addition, availability of substitute product and occurrence of diseases in animals are other factors restraining growth of the global market.
The global market is segmented on the basis of source, function, application and region.
On the basis of source, the global market is segmented into pig skin, bovine hides, bones, others. On the basis of function, the global market is segmented into stabilizer, thickener, gelling agent, and others such as emulsifiers and binders. On the basis of application, the global market is segmented into food & beverages, pharmaceuticals, nutraceuticals, personal cares, and photography.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe accounts for highest share in terms of revenue in the global market, owing to rising demand from food & beverages industry. The Asia Pacific market is expected to register highest CAGR in the global market over the forecast period, owing to increasing investments in healthcare sector in countries in this region.
Key players in the global market are Rousselot S.A.S, Capsugel Inc., GELITA AG, Tessenderlo Group, Sterling Gelatin, Nitta Gelatin Inc., Norland Products Inc., Jiliding Marine Biotech Co. Ltd, Gelken Gelatin Co. Ltd, and Weishardt Group.