According to Technavio’s latest market research study, the global gelatin market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global gelatin market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the raw material type
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The top three revenue contributing raw material segments are discussed below:
Global gelatin market by pig skin: The high growth of the global gelatin market by pig skin is attributable to the superior quality of the product. The production process is short, and the pre-treatment requires less time. The pre-treatment and extraction require less amount of water, which reduces the water wastage during processing.
“The extraction of gelatin from pig skin is performed under controlled conditions to standardize and maintain the quality. Cultural diversity is the biggest barrier for gelatin derived from pig skin due to the source of the raw material,” says Ajay Adikari, a lead analyst at Technavio for research on bio-chemicals and bio-materials.
Global gelatin market by bovine hides: Technavio industry analysts anticipate the global gelatin market by bovine hides to account for a volume of almost 177 metric tons by 2021. The growth of the market is likely to be driven by the easy availability of cattle skin from slaughter houses and leather industry. Gelatin derived from bovine hides is used primarily in the pharmaceutical and F&B industry.
Global gelatin market by bones: Gelatin derived from bones is mainly used in the pharmaceutical industry for the production of soft elastic capsules, encapsulation, and tablet coatings. During 2016, the bones segment was the fastest-growing segment of the global gelatin market. The market is anticipated to experience considerable growth during the forecast period to account for a volume of around 150 metric tons by 2021.
The top vendors operating in the global gelatin market are:
- GELITA
- Nitta-Gelatin
- PB Gelatins
- Rousselot
- Weishardt
Other prominent vendors in the market include Ewald Gelatine, GELNEX, India Gelatine & Chemicals, ITALGELATINE, Junca Gelatines, LAPI GELATINE, Norland Products, Qinghai Gelatin, Sterling biotech, and Trobas Gelatine.
A more detailed analysis is available in the Technavio report titled, ‘Global Gelatin Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Liquid Applied Membrane Market for Construction Industry 2017-2021
- Global Biodegradable Packaging Materials Market 2017-2021
- Global Biotechnology Reagents Market 2017-2021
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