USD 374.77 billion
Global Gelatin Substitutes Market Size, Share, Growth Analysis, By Source(Plant-Based and Animal-Based), By Application(Food and Beverages, and Personal Care and Cosmetics), By Product Type(Agar-Agar, and Corn Starch) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2166 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
86 |
Figures:
81
Global Gelatin Substitutes Market Insights
Global Gelatin Substitutes Market size was valued at USD 374.77 billion in 2022 and is poised to grow from USD 401.75 billion in 2023 to USD 700.68 billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031).
Gelatin is a popular ingredient used in many foods, including desserts, gummy candies, and marshmallows, because it provides texture and structure. However, as it is derived from animal collagen, it is not suitable for those following a vegetarian or vegan diet. Several gelatin substitutes can be used in its place, including agar-agar, carrageenan, pectin, and konjac powder. These alternatives are derived from plant-based sources and can provide similar textural properties to gelatin. Agar-agar, for example, is made from seaweed and can be used as a one-to-one replacement for gelatin. Carrageenan is derived from red seaweed and is often used in dairy and meat alternatives. Pectin is extracted from fruit, such as apples and citrus, and is commonly used in jams and jellies. Konjac powder is derived from the konjac plant and is often used in vegan-friendly gelatin substitutes. The global gelatin substitutes market is expected to grow at a significant rate in the coming years due to the increasing demand for plant-based alternatives to gelatin.
US Gelatin Substitutes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plant-Based
Fastest Growth
Plant-Based
Growth Rate
7.20% CAGR
Global Gelatin Substitutes Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Gelatin Substitutes Market Size By Source 2022-2030 ($ Bn)
Global Gelatin Substitutes Market Size By Source 2022-2030 (%)
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Global Gelatin Substitutes Market Segmental Analysis
Global Gelatin Substitutes market is segmented by source, application, product type, and region. Based on source, the Gelatin Substitutes Market can be segmented into plant-based, and animal-based. Based on application, the Gelatin Substitutes Market is segmented into food and beverages, and personal care and cosmetics. Based on product type the Gelatin Substitutes Market is segmented into agar-agar, and corn starch. Based on region, the Gelatin Substitutes Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gelatin Substitutes Market Analysis by Source
By type, the market can be segmented into plant-based, and animal-based. Plant-based gelatin substitutes dominated the global market due to the growing demand for vegan and vegetarian products in the food and beverage industry. The demand for plant-based substitutes is increasing due to the rising awareness of the health benefits of plant-based diets, concerns about animal welfare, and the increasing number of vegans and vegetarians globally. Plant-based substitutes such as carrageenan, pectin, and agar-agar are expected to dominate the gelatin substitutes market due to their wide usage and acceptance in the industry.
The animal-based segment is expected to fastest growing segment due to concerns about animal welfare and the increasing demand for plant-based products. Animal-based gelatin substitutes are derived from animal sources such as collagen and bone broth. However, animal-based substitutes are still widely used in the food and beverage industry, particularly in the meat and dairy industries and the pharmaceutical industry.
Gelatin Substitutes Market Analysis by Application
By application, the market can be segmented into food and beverages, and personal care and cosmetics. Food and beverage is the dominant segment of the global gelatin substitutes market. The increasing demand for vegan, vegetarian, halal, and kosher-certified products is driving the growth of this segment. Gelatin substitutes are used in a variety of food products such as gummies, confectionery, desserts, bakery products, and functional foods. The food and beverage industry is expected to remain the dominant application segment in the global gelatin substitutes market, with a significant market share. In particular, plant-based substitutes such as carrageenan, pectin, and starch are expected to dominate the food and beverage segment due to their wide usage and acceptance in the industry.
Personal care and cosmetics is the fastest growing segment of the global gelatin substitutes market. As a thickening and stabilizing agent, gelatin substitutes are used in personal care and cosmetics products such as face masks, shampoos, and body washes. The increasing demand for vegan and cruelty-free products in the personal care and cosmetics industry is driving the growth of this segment. However, personal care and cosmetics currently hold a smaller market share compared to the food and beverage industry. In this segment, agar-agar is expected to dominate due to its excellent gelling properties and usage in various products.
Global Gelatin Substitutes Market Size By Source, 2022 (%), 2023 (%)
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Global Gelatin Substitutes Market Regional Insights
North America dominated the global market due to the increasing adoption of vegetarian and vegan diets among consumers in the region. The United States is North America's largest market for gelatin substitutes, with a significant demand for plant-based alternatives to gelatin in the food industry.
In APAC, the market for gelatin substitutes is expected to grow at a significant rate due to the increasing health consciousness among consumers and the growing demand for functional foods. China is the largest market for gelatin substitutes in APAC, driven by the increasing demand for plant-based foods and dietary supplements.
Global Gelatin Substitutes Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Gelatin Substitutes Market Dynamics
Gelatin Substitutes Market Drivers
Increasing demand for plant-based alternatives
- One of the key drivers for the growth of the gelatin substitutes market is the increasing demand for plant-based alternatives to gelatin, especially among consumers who follow a vegetarian or vegan diet. This trend is driven by growing health consciousness and ethical concerns about animal-based products. Furthermore, the food industry is also increasingly adopting plant-based alternatives to gelatin to cater to this demand and to develop functional foods that can provide health benefits.
Gelatin Substitutes Market Restraints
Limited availability of certain plant-based alternatives
- One of the main restraints on the growth of the gelatin substitutes market is the limited availability of certain plant-based alternatives, which can affect the supply chain and increase the cost of production. For example, agar-agar is derived from specific species of red seaweed, which can limit its availability and increase its cost. In addition, some plant-based alternatives may not provide the same functional properties as gelatin, which can limit their use in certain applications.
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Global Gelatin Substitutes Market Competitive Landscape
The gelatin substitutes market is moderately fragmented, with several small and large players operating in the market. The market players are increasingly focused on developing plant-based alternatives to gelatin that can provide similar functional properties and are cost-effective. Additionally, the players are also investing in research and development activities to improve the quality and functionality of the products. Apart from this, the players also collaborate and partner with food manufacturers to increase their market share and expand their product portfolio.
Gelatin Substitutes Market Top Player’s Company Profiles
- Ingredion
- Kerry Group
- Cargill
- DuPont de Nemours, Inc.
- Ashland Global Holdings
- CP Kelco
- Tate & Lyle
- Archer Daniels Midland
- DowDupont Inc.
- Ashland Inc.
- Glanbia Nutritionals
- Nitta Gelatin Inc.
- Gelita AG
- Rousselot SAS
- PB Leiner
- Weishardt International
- Koninklijke DSM N.V.
- Darling Ingredients Inc.
- FMC Corporation
- Naturex SA
Gelatin Substitutes Market Recent Developments
- In March 2023, Taiyo International announced the launch of a new range of plant-based proteins, designed for use in sports nutrition products.
- In January 2023, Gelymar SA announced the launch of a new range of carrageenan-based products for use in plant-based dairy alternatives.
- In September 2022, Symrise AG announced the launch of a new range of plant-based flavor solutions for meat alternatives.
- In July 2022, Nitta Gelatin Inc. announced the acquisition of Geliko, a US-based manufacturer of gelatin and collagen products.
- In March 2022, Corbion N.V. announced the acquisition of BioProcess Algae, a US-based supplier of microalgae-based ingredients for food and feed applications.
Global Gelatin Substitutes Key Market Trends
- One of the key market trends in the gelatin substitutes market is the increasing demand for plant-based alternatives to gelatin, driven by the rising trend of veganism and vegetarianism, as well as concerns over the sustainability and ethical implications of animal-based products. Moreover, the manufacturers are increasingly focused on improving the quality and functionality of plant-based alternatives to meet the specific needs of different applications, including confectionery, dairy, and meat products. This trend is expected to continue, with the market players investing in research and development to further enhance the properties of plant-based alternatives.
Global Gelatin Substitutes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global gelatin substitutes market analysis, the market players are increasingly focused on developing plant-based alternatives to gelatin that can provide similar functional properties and are cost-effective. The increasing demand for plant-based alternatives to gelatin, driven by the rising trend of veganism and vegetarianism, is one of the key market trends in the market. Moreover, the manufacturers are increasingly focused on improving the quality and functionality of plant-based alternatives to meet the specific needs of different applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 374.77 billion |
| Market size value in 2031 | USD 700.68 billion |
| Growth Rate | 7.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Gelatin Substitutes Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Gelatin Substitutes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Gelatin Substitutes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Gelatin Substitutes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Gelatin Substitutes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Gelatin Substitutes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Gelatin Substitutes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Gelatin Substitutes Market Report Snapshots
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