Gelatin Market is Projected to Reach $5.6 billion by 2029, at a CAGR of 6.9% from 2024 to 2029

According to a research report titled "Gelatin Market by Source (Animal, Plants), By Applications (Food & Beverages, Pharmaceuticals, Health & Nutrition, Cosmetics, Personal Care, Animal Feed), Type (Type A, Type B), Function (Thickener, Stabilizer, Gelling Agent) - Global Forecast to 2029," published by MarketsandMarkets, the gelatin market is poised for significant growth. The market, valued at USD 4.0 billion in 2024, is projected to reach USD 5.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.9% during this period.

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Market Growth Drivers:

The remarkable growth in the gelatin market is attributed to several key factors. Increased consumer health consciousness has driven demand for gelatin, especially within health and wellness products. Furthermore, advancements in food technology have enhanced gelatin production capabilities, broadening its applications across the food and beverage sector. The rising preference for nutritive and functional ingredients is also contributing to market expansion.

Market Segmentation:

In terms of sources, the gelatin market is divided between animal and plant origins. The bovine segment plays a significant role, with gelatin extracted from the skins and bones of cattle being utilized in various applications, including food, pharmaceuticals, and cosmetics. For instance, in August 2022, JBS S.A. inaugurated a collagen and gelatin production facility in Brazil, investing USD 77.45 million. This facility, which processes bovine skins, has an annual capacity of 6,000 tonnes and aims to meet the growing demand for health and wellness products.

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Plant-based gelatin, though currently a smaller segment compared to animal-based gelatin, is also gaining traction.

Gelatin's applications are diverse. In the food and beverage sector, it serves as a thickener, stabilizer, and gelling agent. The pharmaceutical sector, however, is expected to see the fastest growth. Gelatin is increasingly used in the production of hard and soft capsules, tablet coatings, granulation, surgical sponges, microencapsulation, and blood plasma substitutes. Its compatibility with human tissue makes it ideal for use in medicinal and nutritional preparations. A notable development in this area occurred in October 2022 when PB Leiner (Belgium) expanded its gelwoRx Dsolve pharmaceutical portfolio with new products designed to enhance the dissolution of soft capsules.

In health and nutrition, gelatin is valued for its nutritional benefits and is increasingly used in supplements. It also finds applications in cosmetics and personal care products, and in animal feed.

The market is categorized by type into Type A and Type B. Type A gelatin is derived from acidic processing of pig skins and other animal by-products, while Type B is obtained through alkaline processing, primarily from bovine hides and bones. Gelatin functions as a thickener, stabilizer, and gelling agent, contributing to various products' texture and consistency.

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Regional Insights:

In North America, the gelatin market is anticipated to hold a substantial share, driven by growing health concerns, a robust pork and beef industry, and increased consumption of ready-to-eat and bakery products. The U.S., with its extensive food processing industry, is expected to drive demand for gelatin, particularly for fortification and preservation purposes. Regulatory oversight in this region is provided by the Gelatin Manufacturers Institute of America (GMIA), which includes member companies such as Nitta Gelatin (Japan), Weishardt (France), Gelita (Germany), PB Leiner (Belgium), and Rousselot (Netherlands).

Health Implications:

Gelatin's benefits extend to treating rheumatoid arthritis and brittle bones, conditions that are increasingly prevalent. According to the Arthritis Foundation (US), arthritis is the leading cause of disability among adults, with projections indicating that over 78 million people in the U.S. will be affected by 2040. This anticipated increase in arthritis cases is expected to drive further market growth during the forecast period.

Key Market Players:

The gelatin market features several key players, including Darling Ingredients (US), Tessenderlo Group (Belgium), GELITA AG (Germany), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), India Gelatine & Chemicals Ltd. (India), Narmada Gelatines Limited (India), Nippi, Inc. (Japan), Weishardt (France), Trobas Gelatine B.V. (Netherlands), Sterling Biotech Ltd (India), Roxlor (US), Suheung (South Korea), Ewald-Gelatin GmbH (Germany), and Geltech Co., Ltd (Korea).

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