The food gelatin market in the Asia Pacific region is estimated to witness the highest CAGR of 7.07% during the forecasted period. The ever-growing food and beverage industry in the conducive markets of the countries like India, China, Thailand, etc. and the increasing number of retail outlets, are the factors expected to boost the growth of the market in the region.
The market of food gelatin in the Asia Pacific region is studied through the market regions of South Korea, Australia, India, Japan, China, and the Rest of Asia Pacific. In countries like China, the statistics reveal rapid growth prospects with respect to the food gelatin market in the region. The market is also undergoing considerable expansion, and is predicted to expand in a substantial manner during the projected period. The country is also witnessing an increasing number of domestic gelatin manufacturers. At the same time, there have been consumer safety demands with respect to food and drugs as a result of the improved and advanced living standards of the Chinese people. While, in countries like Japan, the specific dietary needs and nutritional needs of the geriatric population that are in a vast majority, drives the food gelatin market in the region. At the same time, the confectionery market is undergoing steady growth in Japan. The increased demands from tourists are the primary driver for the growth of the confectionery market in Japan, along with the growing trend of premiumization of chocolates. These factors are set to result in positive growth in the food gelatin market in Japan.
The shifting preference and trends among the population of the region are boosting the sales in the market, thereby augmenting the revenues of the company. Some of the eminent companies of the market include, Trobas Gelatine BV, Eversource Gelatin, Ajinomoto Co., Inc., Lapi Gelatine Spa Unipersonal Company, Nitta Gelatin Limited, Dongbao Bio-Tech Co. Ltd., Weishardt G?latines, etc.
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