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Global Gelatin Market Comprehensive Study: Forecasted Market Size And Growth Rate

Gelatin  Market

Gelatin Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2376

The Business Research Company offers in-depth market insights through Gelatin Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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, vegan and plant-based gelatin alternatives, microencapsulation with gelatin.

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Market Segmentation:
The main raw materials used in gelatin are pig skin, bovine hides, and cattle bones. Pigskin in gelatin is used in health care products, beverages, nutrition and bars, . The various functions of gelatin are thickener, stabilizer, and gelling agent. Gelatin is used in food and beverages, nutraceuticals, pharmaceuticals, personal care, photography, and other applications.

Major Driver - Rising Demand For Gelatin In Photography
The rising demand for gelatin in photography is expected to propel the growth of the gelatin market over the coming years. Gelatin is used in the photographic process as the binding medium for the light-sensitive swelling capacity of gelatin in photographic baths, necessary for the chemical reactions during the processing of the photographic materials. There is demand for photography which is responsible for the growth of the gelatin industry. For instance, according to the US Bureau of Labour Statistics, the employment of photographers is projected to grow 4% from 2022 to 2032, and each year, 13,900 openings new openings are being projected in the photography industry. Therefore, the rising demand for photography drives the gelatin market.

Competitive Landscape:
Major companies operating in the gelatin market include 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., Ajinomoto Co Inc., Baotou Dongbao Bio Tech Co Ltd., Hangzhou Qunli Gelatin Chemical Co Ltd., Italgelatine SpA, PAN Biotech GmbH, Shanghai Al-Amin Biotechnology Co Ltd., India Gelatine & Chemicals Ltd., Roxlor LLC, Suheung Capsule Co Ltd., Ewald Gelatin GmbH, PB Leiner, SAS Gelatines Weishardt, Bernard Jensen Products Inc., Kubon Gelatin Pte Ltd., Gelnex Gelatin, Sterling Biotech Ltd., Rousselot SAS

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Top Trend - Technology Advancement Boost The Market
Technological advancements are a key trend gaining popularity in the gelatin market. Integration of AI provides an opportunity for use of gelatin in various applications. Artificial intelligence technology is used to mimic the sense of olfaction. For example, the Biomolecular Engineering Lab at UCIBIO in Lisbon Nova School of Science and Technology (FCT-NOVA), led by Cecilia showed an example of intelligent gelatin, an innovative engineered material for smelling that has a soft matter in artificial olfaction, an intelligent gas sensing device that mimics the sense of smell. Artificial olfaction involves volatile compounds, that makeup odors and bind to specialized olfactory proteins in the nose. These binding events are responsible for sending electrical signals to the brain, where pattern recognition is performed and the odor is identified. This infusion has a variety of applications such as clinical diagnostics, soft bioelectronics, wearable devices, and robotics

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gelatin Market Characteristics
3. Gelatin Market Trends And Strategies
4. Gelatin Market - Macro Economic Scenario
5. Gelatin Market Size And Growth
…..
27. Gelatin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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