Guatemala Gelatine Market Outlook
According to a new report by Expert Market Research titled, “Guatemala Gelatine Market Size, Share, Analysis, Report and Forecast 2023-2028″,is projected to grow at a CAGR of 8.50% between 2023 and 2028. Aided by the rising demand for gelatine-rich food products and its expanding applications across multiple industries, the market is expected to grow significantly by 2028.
Gelatine, a translucent, colourless, and flavourless food ingredient, is derived from collagen obtained from various animal by-products. It is commonly used in food products, pharmaceuticals, cosmetics, and photography. It is sought after for its gelling properties, especially in food applications such as gummies, marshmallows, and desserts. Gelatine is also recognised for its health benefits, including improved bone and joint health, skin health, and digestive function.
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The rising consumer preference for food products containing gelatine is fuelling the Guatemala gelatine market growth. With the growing awareness of the health benefits associated with gelatine consumption, there has been a notable shift towards gelatine-rich diets, resulting in a surge in demand for gelatine-based products.
Moreover, the health and fitness trend has further amplified the popularity of gelatine, as it is a crucial ingredient in dietary supplements used by athletes and fitness enthusiasts due to its high protein content and collagen-boosting properties. In addition, gelatine’s wide-ranging applications across multiple sectors also contribute significantly to the Guatemala gelatine market expansion.
In the pharmaceutical industry, gelatine is primarily used as a binder and stabiliser in the manufacturing of capsules and tablets. Gelatine’s unique properties make it an indispensable part of various medical products such as wound dressings and blood volume substitutes, increasing the Guatemala gelatine market demand.
The cosmetics industry leverages gelatine for its moisture-retaining and skin-tightening benefits, vital in the formulation of various skincare products. The photography industry, on the other hand, utilises gelatine in various processes due to its ability to form a coating that can hold light-sensitive materials.
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The increasing demand for animal-based ingredients in the food and beverage industry has further amplified the focus on gelatine as a key ingredient in various products, thus aiding the Guatemala gelatine market growth. The growing popularity of ketogenic and paleo diets, which emphasise high protein intake, has propelled gelatine as an essential component in various food products.
Guatemala Gelatine Market Segmentation
The market can be divided based on raw material and end use.
Market Breakup by Raw Material
- Pig Skin
- Bovine Hides
Market Breakup by End Use
- Food and Beverages
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Guatemala gelatine companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- GELITA AG
- PB Leiner
- Nitta Gelatine Inc.
- Gelco International
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