Gelatin Market Surges with 6.6% CAGR US$6.1 Bn Valuation by 2031, PMR Study

The gelatin market is witnessing steady growth due to increasing demand from the food, pharmaceutical, and cosmetic industries. Gelatin, a protein derived from collagen, is widely used for its gelling, stabilizing, and thickening properties. Its extensive applications in food products, such as confectionery, dairy, and meat, along with its rising utilization in pharmaceutical capsules and nutraceuticals, are key factors driving the market expansion. Additionally, the growing preference for clean-label and natural ingredients is contributing to the market's upward trajectory.

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Market Size and Growth Projection

The global gelatin market is anticipated to experience significant growth over the forecast period. Estimates suggest that the market will expand at a CAGR of 6.6%, progressing from US$3.9 Bn in 2024 to approximately US$6.1 Bn by 2031. The rising demand for functional and fortified foods, coupled with an increasing focus on health-conscious dietary trends, is expected to propel this growth further.

Key Growth Determinants

Expanding Food and Beverage Industry: Gelatin is a crucial ingredient in confectionery, dairy, and bakery products, enhancing texture and shelf life.

Pharmaceutical Advancements: The pharmaceutical sector extensively utilizes gelatin in the production of soft and hard capsules, driving demand.

Rising Popularity of Nutraceuticals: The growing consumer inclination towards protein-rich and functional foods is bolstering market growth.

Shift Towards Natural and Clean-Label Ingredients: Consumer preference for natural thickeners and stabilizers is pushing manufacturers to expand gelatin production.

Innovations in Collagen-Based Products: With increased research in collagen-derived products, gelatin applications are diversifying into skincare and biomedical fields.

Major Growth Barriers

Fluctuating Raw Material Supply: Gelatin is primarily sourced from animal by-products, making it susceptible to supply chain disruptions.

Rising Vegan and Plant-Based Trends: The growing popularity of vegan and plant-based alternatives, such as agar-agar and pectin, poses a challenge to the gelatin market.

Stringent Regulations: The gelatin industry must adhere to strict quality and safety regulations, especially in pharmaceutical and food applications.

Ethical and Religious Concerns: Consumers following vegetarian, vegan, halal, or kosher diets may opt for gelatin alternatives, impacting sales.

Key Trends and Opportunities to Look At

Surging Demand for Functional Foods: With increasing awareness of health benefits, gelatin-infused functional foods and beverages are gaining traction.

Sustainable and Alternative Sources: Research into plant-based and lab-grown gelatin alternatives is underway to meet ethical consumer demands.

Growing Use in Personal Care and Cosmetics: The beauty industry is leveraging gelatin's properties in skincare, haircare, and anti-aging formulations.

Biomedical and Tissue Engineering Applications: Ongoing advancements in medical applications, such as wound healing and drug delivery, are opening new revenue streams for gelatin manufacturers.

Expansion of Halal and Kosher Gelatin Production: Companies are developing halal and kosher-certified gelatin to cater to specific dietary requirements, expanding their consumer base.

Regional Frontrunners

North America: Leading market share due to high consumption of gelatin in food, pharmaceuticals, and nutraceuticals.

Europe: Strong demand for gelatin-based confectionery and dietary supplements drives regional growth.

Asia-Pacific: Rapid industrialization and increasing health consciousness fuel gelatin consumption in emerging economies like China and India.

Latin America: Expansion in the food processing and healthcare industries supports market growth.

Middle East & Africa: Rising demand for halal-certified gelatin products boosts regional market potential.

Key Market Players

Gelita AG
Rousselot (Darling Ingredients Inc.)
Nitta Gelatin Inc.
PB Gelatins/PB Leiner
Sterling Biotech Limited
Weishardt Group
Tessenderlo Group
Gelnex
Trobas Gelatine B.V.
Lapi Gelatine S.p.A.

Gelatin Market Research Segmentation

By Type:

Type A
Type B

By Nature:

Conventional
Organic

By End-Use Application:

Protein Bars and Powder
Food & Beverage
Confectionery
Dairy Products
Meat & Poultry Products
Desserts
Beverage
Others

By Source:

Bovine
Porcine
Chicken
Marine
By Functionality:

Stabilizer
Thickener
Gelling Agent
By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Conclusion

The gelatin market is poised for strong growth driven by expanding applications in the food, pharmaceutical, nutraceutical, and cosmetic industries. While challenges such as fluctuating raw material availability and plant-based competition exist, the industry's focus on clean-label, halal-certified, and sustainable gelatin production will continue to offer lucrative opportunities. With increasing consumer demand for functional and protein-rich foods, the global gelatin market is expected to thrive over the forecast period.

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This release was published on openPR.