Gelatin Market Growing at a CAGR of 5.3% from 2016 to 2024
10-jan-2018 Increasing awareness among food & beverage manufacturers regarding self-stabilization and emulsification properties of gelatin is expected to drive demand. Growing importance of microencapsulation in pharmaceutical applications owing to its control release of active ingredients and targeted drug delivery will promote the usage of gelatin in the near future. Food & beverage industry was the largest application segment, consuming 119.6 kilo tons of gelatin in 2015. Rising awareness towards nutritional enrichment in foods & beverages is expected to promote the use of the product in a broad range of applications including confectionaries, dairy goods, desserts and meat products. Further key findings from the study suggest: The global gelatin industry was estimated at 412.7 kilo tons in 2015 and is anticipated to be 651.7 kilo tons by 2024, growing at a CAGR of 5.3% from 2016 to 2024. Bovine hide-based products are projected to foresee volume growth at ...