Dublin, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The "China Pig Skin Gelatin Market Size and Forecast (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)" report has been added to ResearchAndMarkets.com's offering.
The China pig skin gelatin market, valued at US$ 52.02 million in the year 2023, is anticipated to witness substantial growth with a forecasted value of US$ 71.63 million by 2031, achieving a Compound Annual Growth Rate (CAGR) of 4.1% during the period from 2023 to 2031. The market growth is predominantly driven by the increasing application of pig skin gelatin in various industries including food & beverages, pharmaceuticals & nutraceuticals, and personal care.
The China pig skin gelatin market is on an upward trajectory, buoyed by rising consumer demand across diverse industries, and the ease of raw material procurement, placing the region as a key market player in the global pig skin gelatin industry.
One of the principal factors propelling the market is the expanding food and beverage industry which utilizes pig skin gelatin as a stabilizer, thickener, and gelling agent in an array of products like jellies, confectioneries, and dressings. Additionally, the shift toward convenience foods, a spike in health awareness, and the appeal of Western dietary patterns have further augmented its demand in this sector.
The pharmaceutical and nutraceutical industries are also experiencing significant growth opportunities as there is a heightened demand for dietary supplements and sports nutrition products, where pig skin gelatin plays a critical role. Moreover, the personal care and cosmetic sector in China is surging, thanks to the increasing consumer demand for skin care products. Gelatin is an integral component in the formulation of skin-tightening gels, masks, and anti-aging creams, alongside being essential in the emerging ingestible beauty supplements market.
Raw Material Availability and Production
China stands out as a notable producer and consumer of pork, hence providing an abundance of pig skin by-products that serve as the primary raw material for producing gelatin. With advanced supply chain management and sophisticated processing facilities, China ensures a continuous flow of these materials, allowing it to cater to the growing market demand efficiently.
The scalability of pig farming in China, made possible through vast agricultural lands and favorable climate, results in secured and ample production of pig skin for the gelatin industry. Furthermore, progress in animal husbandry and farming techniques has led to an increased yield of pig skin per animal, contributing to the market's growth.
Competitive Landscape
The China pig skin gelatin market witnesses active involvement from key industry players who are focused on delivering top-quality and innovative gelatin products. These players aim to meet consumer demands and enhance their market presence through strategic initiatives and robust product offerings. The market comprises several conglomerates which are instrumental in shaping the industry, integrating cutting-edge technologies and broadening product applications to appeal to a diverse consumer base.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 65 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value (USD) in 2023 | $52.02 Million |
| Forecasted Market Value (USD) by 2031 | $71.63 Million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | China |
Companies Featured
- Nitta Gelatin Inc
- Rousselot BV
- Xiamen Gelken Gelatin Co Ltd
- XIAMEN HUAXUAN GELATIN CO. Ltd
- GELITA AG
- Shangshui Fuyuan Gelatin Co.,Ltd
- Xiamen Yasin industry & Trade Co.,Ltd
- Funingpu
- Tessenderlo Group NV
- Foodmate Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/kz5bpi
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