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Insights on the Gelatin Market to 2024 | Industry Statistics, Emerging Demands, Forecast to 2033
Gelatin
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the gelatin industry. This report on gelatin market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The gelatin market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to traditional usage of gelatin in food, pharmaceutical, and cosmetic industries, increased demand for gelatin as a gelling agent and stabilizer, growth awareness of gelatin's health benefits and nutritional value, expansion of the confectionery and bakery industries, pharmaceutical applications in capsules, coatings, and formulations.
The gelatin market size is expected to see strong growth in the next few years. It will grow to $4.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to adoption of gelatin in clean label and natural ingredient formulations, emphasis on sustainable sourcing and production of gelatin, research and development in gelatin-based biodegradable packaging, demand for gelatin in sports nutrition and joint health supplements, expansion of gelatin applications in 3d printing and tissue engineering.
Major trends in the forecast period include halal and kosher certified gelatin, collagen peptides and beauty supplements, functional and supplements, vegan and plant-based gelatin alternatives, microencapsulation with gelatin.
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Key Market Players:
Darling Ingredients Inc., Trobas Gelatine BV, Junca Gelatines SL, Tessenderlo Group, Nitta Gelatin India Ltd., Lapi Gelatine, Rousselot, Gelita AG, Sterling Gelatin, Norland Products Inc., Capsugel Inc., Gelken Gelatin Co Ltd., Jiliding Marine Biotech Co Ltd.
Market Drivers:
According to the Gelatin Market Report 2024 by The Business Research Company, The increasing demand for gelatin from food and beverage industry is expected to propel the growth of the gelatin market. Gelatin is extensively used in the food and beverage industry to enhance the flavor, taste, texture, and nutritional value of food products. It is used in a wide range of food and beverage products, including confectionery, desserts, and functional foods and increasing demand for these products is expected to continue to drive the growth of the gelatin market in the coming years. For example, according to Worldbank Blogs, a US-based community of experts, economists and leaders, by 2050, the food industry in Eastern and Southern Africa is expected to see an 800% increase in the value of food, and trade in processed foods could increase by up to 90%. Therefore, the rising demand for food and beverage products will drive the gelatin market.
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Market segments for gelatin include:
1) By Raw Material: Pig Skin, Bovine Hides, Cattle Bones
2) By Function: Thickener, Stabilizer, Gelling Agent
3) By Application: Food and Beverages, Nutraceuticals, Pharmaceuticals, Personal Care, Photography, Other applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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