Global Gelatin Market Set to Expand Significantly, Fueled by Growing Aging Population and Vegan Trend

The gelatin market is poised for rapid growth in the coming years, with its value expected to surge from $3.7 billion in 2023 to a substantial $5.1 billion by 2028, representing a notable compound annual growth rate (CAGR) of 6.6% from 2023 to 2028. This remarkable expansion can be attributed to the worldwide increase in the aging population, which in turn is driving the demand for medicines due to the rising incidence of chronic disorders.

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Plant-Based Gelatin on the Rise

Among the various sources of gelatin, plant sources are projected to capture the fastest-growing market share. Gelatin derived from plant sources is anticipated to exhibit an impressive CAGR of 7.9% during the forecast period. This surge is driven by the growing vegan population, prompting many market players to introduce plant-based gelatin and derivative products to cater to this expanding consumer base. The rising demand for non-mammalian gelatin in the food industry has also spurred interest in gelatin substitutes from plant sources.

Type A Gelatin Dominates

In terms of gelatin type, the Type A segment is expected to dominate the market landscape in 2023. This dominance is primarily due to its extensive usage in the food and beverages industry. Gelatin is manufactured through either acidic or alkaline treatment of raw materials, which include bovine hide and skin, pork skin, and fish & poultry skin. Type A gelatin is produced by treating the raw materials with an acidic solution, making it the preferred choice for various applications.

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European Market Growth

Europe is a significant player in the global gelatin market, boasting a market share of USD 1.3 billion in 2023. The European market is projected to grow at a CAGR of 6.1% during the forecast period (2023-2028). The robust growth can be attributed to several factors. The food processing industry in Europe, which accounted for approximately 14.2% of the total turnover of the manufacturing sector in 2021, plays a pivotal role. The region's substantial exports of products like wine and pork, totaling USD 11.4 billion in 2020, further bolster its position. Moreover, the European population's preference for food and beverages based on taste, safety, and cost supports market growth. The availability of ample raw materials and the region's high reliance on these sources are key drivers for market expansion in Europe.

Key Players in the Gelatin Market

Prominent companies in the gelatin market include Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin, Inc. (Japan), Gelita AG (Germany), Weishardt (France), Lapi Gelatine Spa (Italy), India Gelatine & Chemicals Ltd. (India), Trobas Gelatine B.V. (Netherlands), Sterling (India), Roxlor (US), Suheung (South Korea), and Ewald Gelatin GmbH (Germany). These key players are driving innovation and growth in the industry, contributing to the market's remarkable expansion.

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