| Source: ReportLinker ReportLinker
New York, Sept. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Gelatin Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026” – https://www.reportlinker.com/p06321760/?utm_source=GNW
Largest Segment by End User – Food and Beverages : The dominant position of the F&B sector is mainly due to gelatin application in the bakery sector. The blend of gelatin and other protein sources is widely used in the sector.
Fastest Growing Segment by Form – Marine Based : High bioavailabilty, along with rising health benefit’s awareness & its proven functionalities, are the primary factors responsible for the fastest growth of the segment.
Fastest Growing Segment by End User – Personal Care and Cosmetics : Numerous functionalities, also an upsurged demand for protein-fortified skincare products propel the growth of personal care and cosmetics segment in the forecast period.
Key Market Trends
Largest Segment By End User : Food and Beverages
By application, F&B remained the largest segment in the global gelatin market. It is also anticipated to register a nominal CAGR of 3.30%, by volume, during the forecast period. This is primarily due to shifting preferences from traditional foods to more protein-based solutions. Globally, about 93% of consumers want to eat healthy at least some of the time, with 63% trying to eat healthy most or all of the time.
During the COVID-19 outbreak, in-home consumption of convenience meals increased to 26% in 2020. The importance of health as a lifestyle choice influenced consumers in the F&B sector. However, in the forecast period, the personal care category is the market’s fastest-growing segment, with a CAGR of 5.51%, by value. This is because gelatin has a higher average protein content of 5% than other dairy proteins.
Largest Region : Asia-Pacific
Asia-Pacific is the largest and the fastest-growing market for gelatin, followed by Europe. Both regions account for approximately 78.6% of the overall gelatin protein demand. The established meat industry of the Asia-Pacific region yields immense gelatin, which makes it easier to access in the region. Also, the increasing obesity in the Asia-Pacific region, particularly in countries, like China and India, has been another major factor boosting the market growth. In India, the percentage of overweight women rose from 20.6% to 24%, while in men, the number increased from 18.9% to 22.9%.
Whereas in Europe, massive government support resulted in propelling the market value. In Europe, Russia dominates the market and accounted for 22.5% of the regional market.
The Global Gelatin Market is fragmented, with the top five companies occupying 15.76%. The major players in this market are Darling Ingredients Inc., Italgelatine S.p.A., Jellice Group, Nitta Gelatin, Inc. and SAS Gelatines Weishardt (sorted alphabetically).
The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06321760/?utm_source=GNW
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