Gelatin Market Size, Share, Growth Analysis, By Type(Type A, Type B), By Source(Bovine, Porcine), By Function(Stabilizer, Thickener) - Industry Forecast 2024-2031

Q: What is the global market size of Gelatin Market?

Global Gelatin Market size was valued at USD 6.08 billion in 2022 and is poised to grow from USD 6.7 billion in 2023 to USD 14.5 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

Report ID: SQMIG30H2141 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 76

Gelatin Market Dynamics

Drivers

Increasing Consumer Awareness on Health and Wellness

Consumers are becoming more aware of the health benefits of gelatin usage. Gelatin, being a rich source of collagen, is recognised for boosting joint health, skin elasticity, and hair strength, driving its demand in the nutraceutical and pharmaceutical sectors. Gelatin's numerous applications in the food and beverage industries as a gelling agent, stabiliser, and thickening contribute to its extensive use. Furthermore, the growing trend towards clean-label and natural components in the food industry drives up demand for gelatin.

Restraints

High Demand for Vegan Products Posing a Threat to Traditional Gelatin

The rise of plant-based gelatin substitutes, fueled by rising demand for vegetarian and vegan goods, is one of the primary market barriers. Traditional gelatin made from animal sources is in danger due to this trend, as consumers look for alternatives that take sustainability and ethics into account. Furthermore, worries about where animal-derived gelatin comes from—including cultural and religious prohibitions—are impeding market growth.

Gelatin Market Report Snapshots

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FAQs

Gelatin Market size was valued at USD 6.08 billion in 2022 and is poised to grow from USD 6.7 billion in 2023 to USD 14.5 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

The competitive environment of the Gelatin market is dynamic and formed by a differing cluster of players competing for showcase share and advancement. Key industry members incorporate both built-up gelatin producers and unused participants centering on specialty applications. Vital activities, counting mergers, acquisitions, and organizations, are common procedures among advertisers to improve their item offerings and extend their market reach. The market is characterized by a persistent center on enquiry about and improvement, with companies endeavoring to improve and present modern details to meet advancing consumer requests, such as plant-based options and particular functionalities. 'Rousselot', 'Darling Ingredients', 'Gelita AG', 'PB Gelatins', 'Nitta Gelatin', 'Sterling Biotech', 'Narmada Gelatines', 'India Gelatine & Chemicals Ltd.', 'Nippi', 'Italgelatine', 'Nutra Food Ingredients', 'Asahi Gelatine Industrial Co.', 'Gelnex', 'Jellice Pioneer Private Limited', 'Zint LLC', 'Lapi Gelatine Spa', 'Tessenderlo Group', 'Bernard Jensen Products Inc.', 'Trobas Gelatine BV', 'Weishardt'

Consumers are becoming more aware of the health benefits of gelatin usage. Gelatin, being a rich source of collagen, is recognised for boosting joint health, skin elasticity, and hair strength, driving its demand in the nutraceutical and pharmaceutical sectors. Gelatin's numerous applications in the food and beverage industries as a gelling agent, stabiliser, and thickening contribute to its extensive use. Furthermore, the growing trend towards clean-label and natural components in the food industry drives up demand for gelatin.

Rising Consumer Awareness and Recognized Health Benefits: The increasing adoption of gelatin in the pharmaceutical and nutraceutical industries, driven by its recognized health benefits, including joint health promotion and collagen formation. Another significant trend is the rising demand for clean-label and natural ingredients in the food and beverage sector, positioning gelatin as a versatile gelling agent, stabilizer, and thickener. With the surge in health-conscious consumer preferences, gelatin's applications in dietary supplements and functional foods are expanding.

Due to significant consumption in countries like China, India, and Japan, Asia Pacific is positioned to dominate the gelatin market. The leading position of the region is owing to the thriving food and pharmaceutical industries, as well as cultural preferences for gelatin-based goods in traditional meals. Furthermore, increased awareness of gelatin's health advantages in nutritional applications is driving up demand in the region.

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Gelatin Market Size, Share, Growth Analysis, By Type(Type A, Type B), By Source(Bovine, Porcine), By Function(Stabilizer, Thickener) - Industry Forecast 2024-2031

Gelatin Market Dynamics

Gelatin Market Report Snapshots

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