How to address the demands for Halal Gelatin in Malaysian Pharmaceutical Industry?
The global gelatin market has been flourishing in the whole world for last few decades. The inclusion of gelatin in many items has increased the value of it and many industrialists are now planning to establish a manufacturing unit of gelatin. Gelatin is being used in numerous industries with an estimated budget of $2.7 billion in 2015 which is increasing on a yearly basis. The increase in this production is due to the fact that the requirement of gelatin in the pharmaceutical industry has been increased and reached at $1.3 billion and the experts have the opinion that the ratio will go up in the coming years. The estimations are brighter and faster than the targets achieved in 2015. It is expected that the market of gelatin will be $3.2 billion in 2020. This research has been conducted by Grand View Research. These results have been developed at the rate of 3.8 percent increased which is actually calculated with the help of cumulative annual growth rate. When we talk about the p