Grand View Research, Inc: Global Gelatin Market By Raw Material (Pig Skin, Bovine Hides, Bones), By Application (Food & Beverage, Nutraceuticals, Pharmaceuticals, Photography, Cosmetics) Expected to Reach USD 3.18 Billion by 2020
The global market for gelatin is expected to reach USD 3.18 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumption in applications such as food and beverage, nutraceuticals and pharmaceuticals is expected to be critical for market development over the next six years. In addition, improved demand in novel applications such as photography and cosmetics is also expected to boost sales over the forecast period. However, cultural diversity with regards to the raw materials used for extraction of gelatin, poses a significant challenge to the future prospects of gelatin market. Pig skin was the largest commercial source of gelatin, accounting for nearly 40% of the global production in 2013. Relatively small production cycle coupled with low production cost is expected to be the key driving factor for this segment of the market. Bovine hide and bones followed pig skin as the most potent sources together producing 215 kilo tons gelatin in 2013. View summary of this report analysis/gelatin-market-analysis
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