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Growing Demand For Functional and Convenience Food and Beverage Products Driving the Market for Gelatin

(Food-Beverage-News.Com, September 24, 2019 ) Gelatin is manufactured by the partial hydrolysis of collagen obtained from the connective tissues of various animals such as pigs, cattle, fish, and poultry. It has multiple applications across various industries including food & beverage, pharmaceutical, photography, biomedical, personal care, and other technical areas. MarketsandMarkets expects the global market to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period

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The porcine segment is estimated to dominate the market for gelatin in 2018. Pigskin contains a high amount of collagen proteins, which are partially hydrolyzed to derive gelatin. Pig-sourced gelatin manufacturing requires a short period for pretreatment and generates lesser wastewater as compared to other sources. Hence, the reduced time period for gelatin extraction along with the high content of protein is attributed to the growth of the gelatin market.

The food segment is projected to dominate the global gelatin market. Gelatin provides a desirable texture in confections such as marshmallows, jellies, aspics, candies, soft gummy candies, nutritional bars, and toffees. Moreover, it is considered a clean label ingredient and highly rich in protein, which makes gelatin an ideal ingredient to be used in food & beverage products. Therefore, the rising demand for nutritional and functional food & beverage products has been fueling the demand for gelatin worldwide.

In terms of geographic coverage, the gelatin market is segmented into four regions, namely, North America, Asia Pacific (APAC), Europe, and RoW. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. This is owing to the rising consumer awareness about the health benefits of functional and nutritional food & beverage products. Also, the region’s improved consumer lifestyles over the past decade and the need for dietary & fortified food followed by advancements in the food & beverage industry have presented opportunities in terms of new applications and usage for gelatin. Another factor is the densely populated countries of the region that are not completely tapped by gelatin companies.

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With the rising population and growing processed food & beverage consumption, a lot of packaging material is being utilized. The major part of this packaging material is plastic, which ends up in a landfill and is non- degradable. The non-degradable waste material became a major environmental challenge. The increasing level of environmental consciousness leads to the demand for an alternative/substitute for petroleum-based or plastic materials. Many public and industrial sector businesses are focusing on the manufacturing of alternative plastic materials such as bioplastic and biopolymers. Gelatin is the preferred biomaterial used to produce packaging films. It is one of the naturally occurring biopolymers used to manufacture gelatin-based edible film due to its film-forming property. Thus, the usage of gelatin as a potential biodegradable packaging material for food & beverage products creates an opportunity for the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
sales@marketsandmarkets.com


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

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