According to a new market research report published by Inkwood
Research, the Global Food Gelatin Market is propelling at 5.02% of CAGR
throughout the forecasting years.
"Browse 18 market Data Tables and 31 Figures spread over 120
Pages, along with an in-depth TOC on Global Food Gelatin Market Forecast 2019-2027".
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Gelatin is a protein naturally derived from the collagen, which is present in the skin, bones, and
connective tissue of pigs, cattle, and other animals. The
most common types of gelatin are manufactured from porcine skin and bovine bone
and hide. It has distinct features, making it particularly useful as a binder,
gelling agent, thickener and emulsifier. The purified form of gelatin is used for culinary
purposes.
Gelatin is
a multifunctional ingredient useful in a broad range of food applications in a
wide range of industries. The escalated demand for packed foods, owing to the changing
lifestyle habits, such as longer working hours, eating patterns and growth in the
working population of women, are some of the primary reasons driving the demand
for gelatin. Besides, the rise in disposable income and rapid urbanization are
also set to fuel the market growth globally. With the growing consumer
preferences for high-quality products, coupled with strict food regulations and
ongoing product innovation, the global food gelatin market is projected to
witness potential opportunities over the forecasting years.
Animals are the Biggest Source
of Food Gelatin
The animal-based food
gelatin is expected to witness growth, owing to attributes such as easier
accessibility, natural occurrence and lower production cost. Animals are the
largest source type segment in the global food gelatin market, accounting for
the largest share in the year 2018. The efficient consistency and feasibility
of animal-sourced gelatin, coupled with its functionalities, including foaming,
gelling, elasticity and binding, are expected to boost a wide range of
applications, thus leading to a rise in its consumption in food and beverage sector.
Conversely, the growing concerns in terms of the credibility of the ingredients
amid religious groups like Muslims, might restrict the development of the
studied market.
Europe - The Highest Contributor
In terms of region, Europe ruled the highest position by
contributing the largest revenue share of around 31.36% over the forecasting
years. Inkwood Research has segmented the region for detailed study into
countries, namely the UK, Germany, Italy, France, Spain and others. The food
and beverage market of the region is increasing the cost for including functional
ingredients with the aim to enhance the nutritional content and providing the thickening
and solubilizing properties. As a result, the increased application of gelatin
in the food & beverage sector is expected to fuel the market growth in the
region over the forecast period.
The global food gelatin market includes companies such as, Foodchem International Corporation, Eversource Gelatin,
Tessenderlo Group, and Gelnex. These companies are employing top strategic
approaches like procuring high quality raw materials, innovations and product differentiation
to gain competitive advantages over global players. Moreover, the entry of
private labels has further intensified the market in terms of pricing, as
private-label players have low production and marketing costs.
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geographical analysis comprises of North & South America, CEE, CIS, Middle
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