Project report for Gelatin

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In India, Gelatin is used in gelatin desserts, most gummy candy and marshmallows, ice creams, dips, and yogurts. Gelatin for cooking comes as powder, granules, and sheets. Instant types can be added to the food as they are; others must soak in water beforehand. The growing demand for functional and convenience food & beverage products, increasing application in the pharmaceutical industry, and the rising demand for clean label products drive the demand for gelatin. The increasing demand for gelatin from the nutraceutical and sports nutrition industrial segment due to its high protein content and increasing applications in the medical and biomedical industries also drive the demand for gelatin. Gelatin is produced from the partial hydrolysis of collagen, which is extracted from animal sources including bovine, porcine, poultry, and marine. Commercially the product is available in two forms powder and sheets. Gelatin is used in food and beverage applications owing to its excellent gelling, stabilizing, and foaming properties. Ascending demand for gelatin as a food stabilizer can be attributed to rising consumption of food products such as pasta, salads, yogurts, ice-creams, jams, and jellies across the globe. Growth of this market is driven by the versatility of gelatin in pharmaceutical applications. Its superior functional properties make it suitable for medical and biomedical applications. The growth of the market can also be attributed to the rise in chronic illnesses and aging population. 

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Market potential & Strategy

The global gelatin market size was estimated at INR 2300 Crores in 2019 and is expected to reach INR 2400 Crores in 2020. the global gelatin market is currently being driven by an increasing demand for functional and convenience foods, growth in end-user industries, rising health awareness and growth in emerging markets. Rising demand for gelatin-based biomedical products to improve the hair texture and enhance hair quality is expected to have a positive impact on market growth. Gelatin finds application in haircare industry as it helps in reducing hair fall and improving hair growth. With the rising consumer trend toward the use of haircare treatment products, the use of gelatin in personal care products is expected to propel over the forecast period. Rising demand for convenience packed foods in India in light of new product launches is expected to play a crucial role in increasing the usage of gelatin in the formulation of numerous products including confectioneries, desserts, and beverages. Furthermore, India is expected to remain one of the major manufacturing destinations in the food and beverage, personal care, and pharma sectors. This trend is anticipated to open new markets for gelatin over the next few years.

The growing focus on personal care, health, and fitness is expected to drive the gelatin market over the forecast period. The demand for plant-based gelatin in countries such as India is rising, since the consumption and slaughter of beef and cattle is prohibited. In addition, the increasing use in healthcare and pharmaceutical applications is expected to have a positive impact on the market. The market is characterized by a number of localized players that are involved in the supply of raw materials and product manufacturing. In addition, the market is highly dominated by majority of the players involved in the manufacturing and distribution of gelatin products. The growing applications of gelatin and related products are likely to drive the demand for the product over the forecast period.

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