Market for Bone Glue and Gelatin in Asia-Pacific
In value terms, bone glue and gelatin production totaled $ in estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2008 with an increase of %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production remained at a lower figure.
China ( tons) remains the largest bone glue and gelatin producing country in Asia-Pacific, comprising approx. % of total volume. Moreover, bone glue and gelatin production in China exceeded the figures recorded by the second-largest producer, India ( tons), threefold. The third position in this ranking was held by Japan ( tons), with an % share.
From 2007 to , the average annual growth rate of volume in China totaled +%. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Japan (+% per year).
The size of the bone glue and gelatin market in Asia-Pacific rose modestly to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $ in 2019; afterwards, it flattened through to .
From 2007 to , the average annual growth rate of volume in China amounted to +%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+% per year) and Japan (+% per year).
In value terms, the largest bone glue and gelatin markets in Asia-Pacific were China ($), India ($) and Japan ($), with a combined % share of the total market.
Japan, with a CAGR of +%, saw the highest growth rate of market size, among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of bone glue and gelatin per capita consumption in were Australia ( kg per persons), Japan ( kg per persons) and South Korea ( kg per persons).
From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Japan (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.