Pharmaceuticals segment is projected to grow at the fastest rate in the
#gelatin market
The global gelatin market is expected to grow at a compound annual growth rate (CAGR) of 6.6% during the forecast period, reaching USD 5.1 billion by 2028 and USD 3.7 billion by 2023. The market's growth can be attributed to the wider application scope, multiple functionalities, and clean-label claim of gelatin. The rising demand for “free-from” food products and increasing health consciousness among consumers are also driving the gelatin market.
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The nutraceutical and sports nutrition segments are experiencing an increasing demand for gelatin due to its high protein content. However, the pharmaceutical segment is expected to grow at the fastest rate among all other applications in the gelatin market by 2023. Gelatin is used in medicines, hard and soft capsules, tablet coating, granulation, surgical sponges, tableting, microencapsulation, and encapsulation, and in various medical practices such as plastic surgery, wound care, orthopedics, dentistry, and cardiovascular practices. The growing instances of health and medical issues are responsible for the increasing usage of gelatin in medical applications.
In Europe, consumers are health-conscious and often scrutinize product labels before purchasing them. This awareness has resulted in the rise of demand for nutritious and clean-label foods. The fast-paced lifestyle and health-consciousness of European consumers, along with the growing pharmaceutical industry, are driving the demand for convenience and functional foods in the region, creating growth opportunities for the gelatin market. The market is also driven by the presence of a few gelatin manufacturers such as Gelita A.G. (Germany), PB Leiner (Belgium), Trobas Gelatine B.V. (Netherlands), and Lapi Gelatine S.P.A. (Italy) in Europe, who invest in product launches, joint ventures, and acquisitions to meet the growing demand from the food, beverage, and pharmaceutical industries.
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Key players in the gelatin market include Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin, Inc. (Japan), Gelita AG (Germany), Weishardt (France), Lapi Gelatine Spa (Italy), India Gelatine & Chemicals Ltd. (India), Trobas Gelatine B.V. (Netherlands), Sterling (India), Roxlor (US), Suheung (South Korea), and Ewald Gelatin GmbH (Germany).
Pharmaceuticals segment is projected to grow at the fastest rate in the #gelatin market
The global gelatin market is expected to grow at a compound annual growth rate (CAGR) of 6.6% during the forecast period, reaching USD 5.1 billion by 2028 and USD 3.7 billion by 2023. The market's growth can be attributed to the wider application scope, multiple functionalities, and clean-label claim of gelatin. The rising demand for “free-from” food products and increasing health consciousness among consumers are also driving the gelatin market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=850
The nutraceutical and sports nutrition segments are experiencing an increasing demand for gelatin due to its high protein content. However, the pharmaceutical segment is expected to grow at the fastest rate among all other applications in the gelatin market by 2023. Gelatin is used in medicines, hard and soft capsules, tablet coating, granulation, surgical sponges, tableting, microencapsulation, and encapsulation, and in various medical practices such as plastic surgery, wound care, orthopedics, dentistry, and cardiovascular practices. The growing instances of health and medical issues are responsible for the increasing usage of gelatin in medical applications.
In Europe, consumers are health-conscious and often scrutinize product labels before purchasing them. This awareness has resulted in the rise of demand for nutritious and clean-label foods. The fast-paced lifestyle and health-consciousness of European consumers, along with the growing pharmaceutical industry, are driving the demand for convenience and functional foods in the region, creating growth opportunities for the gelatin market. The market is also driven by the presence of a few gelatin manufacturers such as Gelita A.G. (Germany), PB Leiner (Belgium), Trobas Gelatine B.V. (Netherlands), and Lapi Gelatine S.P.A. (Italy) in Europe, who invest in product launches, joint ventures, and acquisitions to meet the growing demand from the food, beverage, and pharmaceutical industries.
Read More: https://www.marketsandmarkets.com/Market-Reports/gelatin-market-850.html
Key players in the gelatin market include Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin, Inc. (Japan), Gelita AG (Germany), Weishardt (France), Lapi Gelatine Spa (Italy), India Gelatine & Chemicals Ltd. (India), Trobas Gelatine B.V. (Netherlands), Sterling (India), Roxlor (US), Suheung (South Korea), and Ewald Gelatin GmbH (Germany).
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