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.
Competitive Landscape
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).
Additional Benefits:
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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