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Gelatin Market To Expand At A CAGR Of 5.3% From 2016 To 2024 Business Articles | July 13 Cheap Shareef Miller Jersey , 2016
New Market Research Reports Title “Gelatin Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global?gelatin market?is expected to reach USD 4.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness among food & beverage manufacturers regarding self-stabilization and emulsification properties of gelatin is expected to drive demand. Growing importance of microencapsulation in pharmaceutical applications owing to its control release of active ingredients and targeted drug delivery will promote the usage of gelatin in the near future.
Food & beverage industry was the largest application segment, consuming 119.6 kilo tons of gelatin in 2015. Rising awareness towards nutritional enrichment in foods & beverages is expected to promote the use of the product in a broad range of applications including confectionaries, dairy goods Cheap JJ Arcega-Whiteside Jersey , desserts and meat products.
The global gelatin industry was estimated at 412.7 kilo tons in 2015 and is anticipated to be 651.7 kilo tons by 2024, growing at a CAGR of 5.3% from 2016 to 2024. Bovine hide-based products are projected to foresee volume growth at 4.9% CAGR from 2016 to 2024. Easy water absorption and significant protein content are expected to promote the usage of the aforementioned raw material over the projected period. Elevated levels of peptides in gelatin are supposed to support the incorporation of the product in personal care products, particularly hair care creams, and cosmetic lotions. Rising demand for organic personal care products in Germany, UK Cheap Miles Sanders Jersey , and the U.S. in light of increasing awareness regarding the advantages associated with natural ingredients is expected to promote the use of gelatin over the next eight years. North America accounted for 24.4% of the global volume market share in 2015. The presence of well-established meat manufacturers including Tyson Foods, JBF and Cargill in the U.S. on account of easy access to equipment and consumables is expected to have a favorable impact on the industry. Increasing demand for frozen foods in emerging markets of Turkey, Brazil, and Saudi Arabia in light of new product launches by food & beverage manufacturers is expected to open new industry avenues over the projected period. Key industry participants include PB Gelatin, Nikita AG Cheap Andre Dillard Jersey , Rousselot, Capsugel Inc. and Sterling. New product development and the establishment of strategic partnerships with buyers are expected to remain critical success factors over the next eight years.
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