10.01.13
The global gelatin market was worth $1.77 billion in 2011 and is expected to grow at a CAGR of 6.8% from 2012 to 2018, according to a report published by Transparency Market Research, Albany, NY. The report put global gelatin production at 348.9 kilo tons in 2011, which is expected to reach 450.7 kilo tons in 2018, growing at a CAGR of 3.7% from 2012 to 2018.
Pig skin was utilized for manufacturing gelatin on a large scale, and accounted for more than 40% of the overall production volume in 2011. The food and beverage application segment dominated the overall market, accounting for 28.7% of the gelatin volume in 2011. Nutraceuticals and pharmaceuticals followed food and beverages in terms of market share and are both expected to grow at a CAGR of 3.7% from 2012 to 2018.
Europe dominated the global gelatin market in terms of volume, accounting for 41.3% of the overall market in 2011. Germany, France, Belgium and the U.K. are expected to witness a surge in gelatin demand as a result of a favorable regulatory scenario and high consumer awareness. The North American gelatin market is expected to reach 103.8 kilotons by 2018 while Asia-Pacific gelatin is expected to grow at a CAGR of 7.1% from 2012 to 2018.
Pig skin was utilized for manufacturing gelatin on a large scale, and accounted for more than 40% of the overall production volume in 2011. The food and beverage application segment dominated the overall market, accounting for 28.7% of the gelatin volume in 2011. Nutraceuticals and pharmaceuticals followed food and beverages in terms of market share and are both expected to grow at a CAGR of 3.7% from 2012 to 2018.
Europe dominated the global gelatin market in terms of volume, accounting for 41.3% of the overall market in 2011. Germany, France, Belgium and the U.K. are expected to witness a surge in gelatin demand as a result of a favorable regulatory scenario and high consumer awareness. The North American gelatin market is expected to reach 103.8 kilotons by 2018 while Asia-Pacific gelatin is expected to grow at a CAGR of 7.1% from 2012 to 2018.
