Gelatin Market Growth Driven by Increasing Use of Gelatin in Personal Care Products to Promote Skin and Hair Health: Reports and Data
Increasing application of gelatin in treatment of aging skin and osteoarthritis, growing demand for gelatin-based nutrition supplements, and awareness regarding potential health benefits of gelatin are some key factors expected to drive revenue growth of the market
New York, January 20, 2021 – Reports and Data has published its latest report titled “Gelatin Market By Source (Porcine, Bovine Skin, Bovine Bone, Fish & Poultry), By Application (Food & Beverages, Pharmaceuticals & Healthcare, Nutraceuticals, Others), By Type (Type A, Type B), By Function (Thickening, Gelling, Stabilizing, Others), and By Region, Forecast to 2028.”
According to the latest report by Reports and Data, the global gelatin market size was USD 418.25 million in 2020 and is expected to reach USD 687. 01 million in 2028 and register a revenue CAGR of 6.4% during the forecast period, 2021-2028.
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Drivers, Restraints, and Opportunities
Gelatin is a protein derived from animal raw material and is obtained by partial hydrolysis of collagen. Gelatin has several beneficial properties and functions that has increased its application in pharmaceutical and medical applications and this is a key factor expected to drive market revenue growth over the forecast period. Gelatin is safe, soluble, and digestible and is widely used in bakery and confectionary items and in functional foods and beverages. Increasing use of gelatin in food and beverages industry due to its low allergenic potential is another major factor expected to contribute to revenue growth of the market going ahead.
Gelatin is rich in protein and comprises unique amino acid profile that confers numerous health benefits ranging from promoting skin health to tissue repair. Gelatin is widely used in in various end-use industries such as cosmetic, food, and pharmaceutical owing to its excellent biocompatibility, easy biodegradability, and weak antigenicity. Gelatin is also used as a natural biomaterial in tissue engineering due to its ability to stimulate cellular attachment and growth. Commercially gelatin is obtained from mammalian such as bovine and porcine bone and hide. Properties of gelatin are often affected by several factors such as raw material and certain intrinsic parameters such as chemical composition, molecular weight distribution, and amino acid composition. Certain potential biological activities of collagen and gelatin on cells in the extracellular matrix via the food-derived peptides after ingestion have further increased their applications in dietary supplements and pharmaceutical formulations and is expected to contribute to revenue growth of the market going ahead.
However, concerns regarding source of gelatin and prohibition of gelatin consumption due to religious norms are some limiting factors and are expected to hamper market growth to a certain extent over the forecast period. This has led to increasing focus on obtaining gelatin from alternative sources to cater to the rapidly rising demand for gelatin across the globe and this is expected to create lucrative opportunities for manufacturers going ahead.
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COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Porcine Segment to Register Robust Revenue Growth Rate:
Porcine segment is expected to register robust revenue CAGR over the forecast period attributable to increasing demand for porcine gelatin from various end-use industries owing to its numerous benefits such as cost-effectiveness, high amount of amino acids, and various health and beauty benefits. Majority of gelatin commercially used is made from porcine hide and bones such as pigskin.
Nutraceuticals Segment to Contribute to Market Revenue Growth:
Nutraceuticals segment is expected to register significant revenue growth over the forecast period attributable to increasing use of gelatin as an additive in dietary supplements, growing demand for gelatin-based capsules and gummy vitamins, and in personal care products to improve skin and hair health.
Europe Market Revenue to Expand at a Steady CAGR:
Europe is expected to register a steady revenue CAGR over the forecast period owing to increasing demand for and consumption of functional food products and confectionary items, growing consumer preference for cosmetic and personal care products having gelatin, and rising application of gelatin in pharmaceutical and nutraceutical industries.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period attributable to increasing use of gelatin in bakery and confectionary items, awareness regarding health benefits of gelatin, easy availability of raw materials, rising number of product launches, and presence of key companies in the region.
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Major Companies in the Market Include:
- Darling Ingredients
- Trobas Gelatine
- Junca Gelatines
- Tessenderlo Group
- Nitta Gelatin
- Lapi Gelatine
- Sterling Biotech Group
- India Gelatine & Chemicals
For this study, Reports and Data has segmented the gelatin market based on source, application, function, type, and region:
Source Mode Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Bovine Skin
- Cattle Bone
- Fish & Poultry
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Food & beverages
Material Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Type A
- Type B
Function Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Gelling Agent
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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