Porcine sourced gelatin to hold largest market share in 2020
According to Absolute Markets Insights report, Porcine sourced gelatin accounted for the higher market share in 2020 and is expected to maintain its dominance over the forecast period (2021-2029) period in the gelatin market. High product penetration in food & beverage applications along with abundant availability of raw material are some of the major factors projected to drive the gelatin market demand. Apart from porcine sourced gelatin products, bovine sourced gelatin also have high product penetration on account of growing demand for pharmaceutical and nutraceutical products. Moreover, stringent regulations against porcine based products in Islamic countries is limiting its penetration. Other sources include fish and poultry. One of the major factors driving the demand for fish and poultry sources is socio cultural concerns associated with bovine and porcine based gelatin.
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In recent years, the demand for marine products, especially fish has increased globally. Globalization of world food trade also led to lower prices and increased accessibility to marine commodities. Such factors have fostered the manufacturers to source gelatin from fish. The industry participants are likely to perceive the fish based gelatin production as addition to economic value of marine by-products. Besides, huge amount of by-products generated by fisheries is anticipated to create lucrative opportunities for gelatin manufacturers in the extended run, driving the gelatin market growth. Amid Covid-19 pandemic, gelatin production was hindered for short term. In 2020, pharmaceutical drug makers faced sudden shortage due to supply chain disruptions as these companies highly rely on animal bones and hide based gelatin. Travel curbs for cattle movement along with abattoirs being shutdown due to lockdown were some of the major reasons for such shortage. Such factors hampered the small and mid-sized gelatin industry participants severely, however, major market participants such as Nitta Gelatin reported that its production facilities had no significant impact except for raw material as meat demand was lowered with closure of hotels, restaurants, etc. The company also expressed that albeit covid crisis, the demand for gelatin is projected to increase with increasing demand for immunity boosting products and nutritional supplements.
Increasing Healthcare Applications is projected to Drive the Gelatin Market Growth.
According to European Federation of Pharmaceutical Industries and Associations (EFPIAP), Central and Eastern Europe (CEE) public health care spending per capita is 2.5 times lower than EU 5 countries. Also, poor adherence to medical precepts is one of the major factors for such poor health outcomes. Mounting emphasis towards healthcare spending by EU government bodies are further projected to drive the pharmaceutical market demand which subsequently is propelling the gelatin market growth. Furthermore, according to Food Safety and Standards Authority of India (FSSAI), the dietary supplement market valued around 4 billion and is poised to grow at 22% YoY. Shift towards preventive healthcare among Indian consumers along with growing inclination towards immunity boosting supplements is driving the product demand in the extended run.
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UAE Approval of Pork Gelatin in Covid-19 Vaccines to Drive the Regional Demand
Although, Europe and North America is projected to dominate the gelatin market on account of high consumption from end-use industries, . the demand for gelatin is expected to increase in Middle Eastern countries with vaccination drive. Pork-derived gelatin is widely used as stabilizer in vaccines, to ensure its safety and effectiveness during transport and storage. On account of uncertainty pertaining to vaccine use with concerns regarding permissibility under Islamic law influenced the demand of pork derived gelatin for short term. However, latter approval of such vaccine from UAE Fatwa Council is propelling the regional market growth.
Some key players in the global gelatin market are Gelita AG, Gelnex, Italgelatine S.p.A., Jellice Gelatin & Collagen, Juncà Gelatines SL, Lapi Gelatine S.p.a., MM Ingredients, Nitta Gelatin, Inc., PB Leiner, Rousselot., Trobas Gelatine B.V, Weishardt, Xiamen Hyfine Gelatin Co., Ltd. and Other Market Participants.
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Global Gelatin Market:
By Source:
- Bovine
- Porcine
- Fish
- Poultry
By Type:
- Type A
- Type B
By Form:
- Capsule
- Powder
- Sheet
By Application:
- Food & Beverage
- Bakery & Confectionery
- Meat Products
- Dairy Products
- Other
- Pharmaceutical
- Nutraceutical
- Personal Care & Cosmetics
- Photography
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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