Fior Markets launched a study titled “Global Gelatin Market by Type (Type A, Type B), Function (Stabilizing, Thickening, Gelling), Source (Porcine, Bovine Skin, Bovine Bone, Fish & Poultry), Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global Gelatin market is expected to grow from USD 2,309.2 Million in 2017 to USD 4,379.3 Million by 2025 at a CAGR of 14.3% during the forecast period from 2018-2025. Rising demand for natural products and proactive efforts by market players to Functionulate algae based consumable products, rise in global population and rising demand for food and customization of functional food product are some factors affecting the demand of the market.
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The type Asegment is dominating the market with the highest share of 61.70% in 2017
Type segment is divided into segments such as a type A and type B. The type A segment is dominating the market in 2017.The type Agelatin is used as food grade gelatin. The demand of gelatin in sports drinks is rising rapidlydue to its high protein and low-fat content.
The porcine segment valued around USD 898.27 Billion in 2017
The source segment includes porcine, bovine skin, bovine bone and fish & poultry. The porcine segment is dominating the market in 2017. Pigskin is rich in collagen proteins as they are considered to be more constant in comparison with gelatin from other sources. Most of the gelatin is sourced from animal tissues, as it contains a high amount of collagen.
The food modification segment held the market share of 47.40% in 2017
The application segment includes food, pharmaceuticals and others. The food segment is dominating the gelatin market in 2017. Gelatin is a rich source of protein used in functional & nutritional food & beverage products. The growing demand for nutritional food & beverages has been stimulating the demand for gelatin.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe held the largest market share of approximately41.50% in 2017.TheEurope region is dominating region because of the demand for nutritional and functional food & beverage products along with the rising pharmaceutical industry. Moreover, the plentiful availability of raw materials as well as the presence of key gelatin manufacturing contributes to the growth of the gelatin market in the region.
The major players of market include Universal Starch Chem Allied, Ulrick and Short Ltd., Avebe U.A., Ingredion Inc., Penford Corp., Tate and Lyle Plc., Global Bio-Chem Technology Group Co. Ltd., Archer Daniels-Midland Co., KMC, China Essence Group Ltd., and Cargill Inc., among others
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