Rising Demand is Escalating the Global Food Gelatin Market Growth at 5.02%

According to a new market research report published by Inkwood Research, the Global Food Gelatin Market is propelling at 5.02% of CAGR throughout the forecasting years.

"Browse 18 market Data Tables and 31 Figures spread over 120 Pages, along with an in-depth TOC on Global Food Gelatin Market Forecast 2019-2027".

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Gelatin is a protein naturally derived from the collagen, which is present in the skin, bones, and connective tissue of pigs, cattle, and other animals. The most common types of gelatin are manufactured from porcine skin and bovine bone and hide. It has distinct features, making it particularly useful as a binder, gelling agent, thickener and emulsifier. The purified form of gelatin is used for culinary purposes.

Rising Demand of Gelatin as an Additive in Convenience Food

Gelatin is a multifunctional ingredient useful in a broad range of food applications in a wide range of industries. The escalated demand for packed foods, owing to the changing lifestyle habits, such as longer working hours, eating patterns and growth in the working population of women, are some of the primary reasons driving the demand for gelatin. Besides, the rise in disposable income and rapid urbanization are also set to fuel the market growth globally. With the growing consumer preferences for high-quality products, coupled with strict food regulations and ongoing product innovation, the global food gelatin market is projected to witness potential opportunities over the forecasting years.

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Animals are the Biggest Source of Food Gelatin

The animal-based food gelatin is expected to witness growth, owing to attributes such as easier accessibility, natural occurrence and lower production cost. Animals are the largest source type segment in the global food gelatin market, accounting for the largest share in the year 2018. The efficient consistency and feasibility of animal-sourced gelatin, coupled with its functionalities, including foaming, gelling, elasticity and binding, are expected to boost a wide range of applications, thus leading to a rise in its consumption in food and beverage sector. Conversely, the growing concerns in terms of the credibility of the ingredients amid religious groups like Muslims, might restrict the development of the studied market.

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Europe - The Highest Contributor

In terms of region, Europe ruled the highest position by contributing the largest revenue share of around 31.36% over the forecasting years. Inkwood Research has segmented the region for detailed study into countries, namely the UK, Germany, Italy, France, Spain and others. The food and beverage market of the region is increasing the cost for including functional ingredients with the aim to enhance the nutritional content and providing the thickening and solubilizing properties. As a result, the increased application of gelatin in the food & beverage sector is expected to fuel the market growth in the region over the forecast period.

The global food gelatin market includes companies such as, Foodchem International Corporation, Eversource Gelatin, Tessenderlo Group, and Gelnex. These companies are employing top strategic approaches like procuring high quality raw materials, innovations and product differentiation to gain competitive advantages over global players. Moreover, the entry of private labels has further intensified the market in terms of pricing, as private-label players have low production and marketing costs.

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