Global Gelatin Market: Current Analysis and Forecast (2019-2026)

Report Description

Gelatin is defined as a denatured protein, developed from collagen (a constituent of connective tissue and bones of animals) and is widely used as a pure protein ingredient in the food industry on account of its exceptional gelling, emulsifying, binding, and stabilizing properties. Various meals are being completely replaced by snacks. Snacking is more than just an indulgence or sweet treat; it has become purposeful. Manufacturers and retailers have the opportunity to create smarter, fresher, and healthier options, and in smaller and more frequent formats.

According to the British National Formulary (BNF), gelatin is characterized as the item acquired from alkaline, acid, or enzymatic hydrolysis of collagen, the central protein segment of the bones, skin, and connective tissue of creatures, including poultry and fish. Increasing consumer inclination towards protein-rich diets, dietary supplements has enhanced the use of collagen peptide in the food and beverage industry. Gelatin is the richest food source of the amino acid glycine, which is particularly important for one’s health. It is widely used in various fields of the food industry due to its stabilizing, gelling, clarification, balancing, foaming, emulsion forming and stabilization, and film-forming properties. It is also utilized for clarification of wines and juices, in meat and milk products, and also since gelatin is a pure protein, it is consumed in the supplementary nutrients and drinks that are used by sportsmen. Over the past few years, polysaccharides are being increasingly used as an important constituent in healthcare and food & beverage applications on account of providing excellent hydrolyzing enzymatic properties.

  Benefits of Gelatin

Tessenderlo Group, Rousselot, Capsugel, Nitta Gelatin Inc., Catelent Inc., Weishardt Group, Gelita AG, GelTech Solutions, Ewald Gelatine, and Genex are some of the prominent players operating in the global gelatin market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Insights Presented in the Report

 “Amongst Extraction material, Pig Skin segment holds the major share”

Based on extraction material, the market is fragmented into pig skin, bovine hides, cattle bones, and others. Pig Skin dominated the market with a share of 42.2% in 2019. Pigskin contains a large amount of collagen, hence it is utilized for manufacturing gelatin on a large scale. The simple production process, less pretreatment time, and superior quality of the product have made pigskin an ideal source of raw material.

 “Amongst Function type, Stabilizer is expected to dominate the market during the analyzed period”

Based on the market segment by application type, the market is segmented into stabilizer, thickener, gelling, and others. In 2019, gelatin, as a stabilizer, reached 39.7% of market revenue share. Currently, stabilizer dominated the gelatin market and is expected to remain dominant during the analyzed period. However, the thickener is anticipated to grow with the highest CAGR over the forecast period.

 “Amongst End-user, Food & Beverage is expected to dominate the market during the analyzed period”

Based on the market segment by end-user, the market is fragmented into food & beverage, nutraceuticals, pharmaceuticals, photography, personal care, and others. In 2019, the Food & Beverage industry accounts for the maximum market share with 30.6% and is expected to be the leading segment of the gelatin market during the forecast period. Gelatin, used by top culinarians around the world, in many ways as a secret ingredient that enables them to create extra-culinary magic for their patrons.

“Europe represents one of the largest markets of Gelatin market”

For a better understanding of the market dynamics of the Gelatin market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC) and rest of the world has been conducted. Europe generated revenue of US$ 1,074.2 million in 2019. Being one of the matured markets, increasing disposable income, implementation of stringent regulatory policies on the prevention of the spread of bovine spongiform encephalopathy (BSE), and healthy food products along with improving economic condition has driven the growth of gelatin in Europe.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Gelatin Market were the three major steps undertaken to create and analyze the adoption of Gelatin across various industry verticals in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the gelatin sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Gelatin through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Gelatin market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as extraction material, function, and end-users. Further country-level analyses were conducted to evaluate the overall applications of the Gelatin in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Gelatin. Further, we conducted factor analysis using dependent and independent variables such as the purchasing power of consumers, technological advancements, consumer behavior towards the gelatin consumption, among others. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, product launches, and analyzing the list of importers and exporters in the Gelatin industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Gelatin market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down approach was applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Gelatin across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Gelatin market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Gelatin market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of extraction material, function, and end-users of the Gelatin market.

The main objective of the Gelatin Market Study

The current & future market trends of Gelatin were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Gelatin in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of extraction material, function, and end-users
• Define and analysis of the regulatory framework for the gelatin industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Gelatin market for the major region
• Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United Kingdom), Asia-Pacific (China, Japan, India, South Korea, and Australia), and the Rest of the World
• Company profiles of the Gelatin market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry