The gelatin market size is predicted to grow at a CAGR of 6.6% between 2023 and 2028, reaching a value of $5.1 billion by 2028

The global gelatin market is projected to exhibit a notable Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period, aiming to reach USD 5.1 billion by 2028 and USD 3.7 billion by 2023. This growth can be attributed to the wide-ranging applications, versatile functionalities, and clean-label appeal of gelatin. The surge in demand for "free-from" food products and the increasing health consciousness among consumers are key driving forces behind the expansion of the gelatin market.

Access PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=850

The nutraceutical and sports nutrition segments are witnessing a growing demand for gelatin, owing to its rich protein content. Notably, the pharmaceutical sector is anticipated to exhibit the fastest growth rate among all applications in the gelatin market by 2023.

Gelatin finds utility in medicines, hard and soft capsules, tablet coating, surgical sponges, microencapsulation, and various medical practices such as wound care, orthopedics, plastic surgery, dentistry, and cardiovascular procedures. The escalating instances of health and medical concerns are driving the heightened usage of gelatin in medical applications.

In Europe, health-conscious consumers are inclined to scrutinize product labels before making purchases. This heightened awareness has translated into increased demand for nutritious and clean-label foods. The dynamic combination of a fast-paced lifestyle, health-conscious consumer behaviors, and a burgeoning pharmaceutical industry in Europe is fostering demand for convenient and functional foods. This scenario presents growth prospects for the gelatin market.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=850

Additionally, the presence of key gelatin manufacturers such as Gelita A.G. (Germany), PB Leiner (Belgium), Trobas Gelatine B.V. (Netherlands), and Lapi Gelatine S.P.A. (Italy) in Europe drives market growth through strategic investments in product launches, collaborations, and acquisitions to cater to the escalating demands of the food, beverage, and pharmaceutical sectors.

Prominent players in the gelatin market landscape 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 industry leaders contribute to shaping the growth trajectory of the global gelatin market through innovation, strategic partnerships, and product offerings tailored to diverse industry needs.

View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/gelatin-market-850.html

Browse other Related Reports:

Food Anti-Caking Agents Market by Type (Calcium Compounds, Sodium Compounds, Silicon Dioxide, and Microcrystalline Cellulose), Application (Seasonings and Condiments, Bakery, Dairy, and Soups and Sauces), Source & Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/anti-caking-agent-market-3259107.html

Sourdough Market by Type (Type I, Type II and Type III), Application (Bread & Buns, Cookies, Cakes, Pizza), Ingredients (Wheat, Barley, and Oats), and Region (North America, Europe, APAC, South America, RoW) - Global Forecast to 2028
https://www.marketsandmarkets.com/Market-Reports/sourdough-market-212823308.html

Protein Ingredients Market by Source (Animal, Plant, Insect, and Microbial), Form (Dry and Liquid), Application (Food & Beverages, Feed, Cosmetics & Personal Care Products, and Pharmaceuticals), and Region - Global Forecast to 2028
https://www.marketsandmarkets.com/Market-Reports/protein-ingredients-market-114688236.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.