Owing to the physical, chemical and functional properties of gelatin, it finds broad range of applications across various industries such as the food, pharmaceutical, nutraceutical, photography, cosmetic and packaging industries. In the food industry, gelatin is used in bakery, confectionery, meat products, etc. In the pharmaceutical industry, it is used in making capsule shells, plasma substitutes, stabilizers for oil emulsions, health supplements, etc. In the nutraceutical industry, it is used in nutritional bars, protein drinks, nutritional and joint care formulas, etc. In the photography industry, gelatin is used in paper coating and as a component in silver halide emulsion coatings.
According to a new report by Expert Market Research, the global gelatin market reached a value of US$ 2.4 Million in 2018 and is further expected to reach a value of US$ 3.5 Million by 2024. Some of the growth inducing factors include aging population, rising disposable incomes, health conscious consumers and growth of the end-use industries.
Key findings from the report:
Expert Market Research has analyzed the global gelatin market according to end-use, regions and major players:
Market breakup by End-Use
Market breakup by Region
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