US+1 646-781-8004
Europe+44-203-868-8738
APAC+91-744-778-0008
sales@meticulousresearch.com
HomePress-release
Redding, California - June 21, 2024

Gelatin Market to be Worth $7.46 Billion by 2031

Gelatin Market Size, Share, Forecast, & Trends Analysis by Type (Type A, Type B), Source (Animal, Plant), Function (Stabilizers, Gelling Agents), Application (Food & Beverages, Personal Care, Pharmaceuticals, Nutraceuticals)—Global Forecast to 2031


Meticulous Research®—a leading global market research company, published a research report titled, ‘Gelatin Market Size, Share, Forecast, & Trends Analysis by Type (Type A, Type B), Source (Animal, Plant), Function (Stabilizers, Gelling Agents), Application (Food & Beverages, Personal Care, Pharmaceuticals, Nutraceuticals)—Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the gelatin market is projected to reach above $7.46 billion by 2031, at a CAGR of 7% during the forecast period 2024–2031. The growth of this market is being propelled by factors such as the increasing application of gelatin in the pharmaceutical industry, growing demand for functional and convenience food and beverage products, rising demand for clean-label products, and athletes aiding the consumption of gelatin-based products. However, safety concerns and the limited acceptance due to cultural restrictions restrain the growth of this market. Moreover, the use of gelatin in fortified confectionery & sports nutrition products is expected to generate significant growth opportunities for the stakeholders in the gelatin market. On the other hand, insufficient technologies to extract and process gelatin pose a major challenge to market growth. The latest trends in the gelatin market are rising focus on health and wellness and the use of gelatin in medical and biomedical applications.

Key Players

Some of the key players operating in the gelatin market are Rousselot (A Part of Darling Ingredients Inc.) (Netherlands), Weishardt (France), GELITA AG (Germany), Nitta Gelatin Inc. (Japan), ITALGEL S.p.A. (Italy), Lapi Gelatine S.p.a. (Italy), Tessenderlo Group NV (Belgium), Trobas Gelatine B.V. (Netherlands), Ewald-Gelatine GmbH (Germany), Juncà Gelatines SL (Spain), Gelnex (Brazil), Shanghai Al-amin Biotech Co, Ltd (China), India Gelatin & Chemicals Ltd. (India), C.J. Gelatine Products Limited (India), and Luohe Wulong Gelatin Co. Ltd. (China).

The gelatin market is segmented based on type (type A and type B), source (animal [bovine, porcine, poultry, marine, and other animal sources] and plant [agar-agar, carrageenan, locust bean gum, and other plant sources]), function (stabilizers, thickeners, gelling agents, and other functions), application (food & beverages [beverages, confectionery, dairy products, meat & fish products, and other food & beverage applications], personal care, pharmaceuticals, nutraceuticals, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the type A segment is expected to account for a larger share of above 54.5% of the gelatin market in 2024. The segment’s large share is mainly attributed to its wider usage in the food & beverage industry and the high nutritional composition of type A gelatin. Also, in the food industry, type A gelatin is prized for its ability to improve the texture and mouthfeel of products. It also provides a smooth and creamy texture to desserts, confectionery items, dairy products, and meat products. These factors contribute to the segment’s large share.

Moreover, it is also projected to witness the highest growth rate of 7.4% during the forecast period of 2024–2031. This growth is driven by its excellent gelling properties and better storage stability than type B gelatin.

Based on source, the animal segment is expected to account for a larger share of above 91.2% of the gelatin market in 2024. The segment’s large share is mainly attributed to the increasing usage of animal-sourced gelatin in various food & beverage applications, its abundant availability, and its low cost. Moreover, the rising demand for dietary supplements globally due to consumers' shifting inclination towards healthy and protein-rich diets is expected to drive market growth.

However, the plant segment is projected to witness the highest growth rate of above 7.6% during the forecast period of 2024–2031. This growth is driven by the increasing prevalence of vegan culture around the world, rising health consciousness, and growing environmental and ethical concerns.

Based on function, the stabilizers segment is expected to account for the largest share of above 40.6% of the gelatin market in 2024. The large market share of this segment can be attributed to the need for improved texture, consistency, and shelf life of food & beverage products. As consumers increasingly seek high-quality products with superior sensory attributes, manufacturers are incorporating stabilizers to enhance the stability and performance of gelatin-based formulations. Stabilizers help maintain the desired viscosity, prevent phase separation, and improve the overall mouthfeel of products such as dairy items, desserts, and confectioneries.

However, the thickeners segment is projected to witness the highest growth rate of above 7.8% during the forecast period of 2024–2031. This growth is driven by its ability to improve a liquid's viscosity without changing its inherent characteristics. The demand for ingredients such as thickeners is anticipated to rise as the food sector expands in the Asia-Pacific region as a result of rising population and per capita income levels in countries like China and India.

Based on application, the food & beverages segment is expected to account for the largest share of above 51.3% of the gelatin market in 2024. The large market share of this segment can be attributed to vast applications of gelatin across the food & beverages industry due to its unique gelling and surface behavior properties. These properties are crucial for achieving the desired texture, consistency, and quality in various food products. In addition, gelatin is a protein-rich ingredient. In protein bars, drinks, and other functional foods, it serves as a protein supplement, contributing to the nutritional content of the final product. These factors contribute to the segment’s large share.

However, the nutraceuticals segment is projected to witness the highest growth rate of above 8.2% during the forecast period of 2024–2031. This growth is driven by the rising demand for well-being products such as powders, capsules, or drinks with nutritional values and the growing popularity of natural and functional ingredients.

Based on geography, in 2024, Europe is expected to account for the largest share of above 39.2% of the gelatin market. The large share of this region is attributed to several key factors, including the growing health awareness, rising aging population, health and wellness trend, increasing prevalence of bone-related disorders, and the increasing gelatin demand from end-use industries such as food & beverages, pharmaceuticals, and cosmetics, among others. Moreover, the rising demand for packaged products in countries such as Germany and the U.K. also surges the demand for the products, as gelatin is largely used as a stabilizer in packaged foods as well as for improving shelf life.

However, the market in Asia-Pacific is slated to register the highest growth rate of above 8.5% during the forecast period. The growth of this regional market is driven by the increasing number of food manufacturers and the prevailing food processing industry, particularly in China and India, rapid growth in population, increasing incidences of chronic diseases, rising awareness of nutrition and personal well-being, steady pace of industrialization, high spending on personal care products, and abundant availability of raw material for gelatin manufacturing.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5941

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of type, source, function, application, and geography?
  • What is the historical market size for gelatin across the globe?
  • What are the market forecasts and estimates for the period 2024–2031?
  • What are the major drivers, restraints, opportunities, challenges, and trends in the gelatin market?
  • Who are the major players in the market, and what are their market shares?
  • Who are the major players in various countries, and what are their market shares?
  • What is the competitive landscape like in the gelatin market?
  • What are the different strategies adopted by the major players in the gelatin market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the gelatin market, and how do they compete with other players?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Recommended Readings

Related Reports
Gelatin Market - Global Opportunity Analysis and Industry Forecast (2024-2031)
Report ID: MRFB - 1041258 Pages: 300 Formats*:PDF Category: Food and Beverages
Share this on:
Linkdin
Whatsapp
Print
Save PDF
  Download Free Sample Report
Table Of Content
Download Free Sample Report

Meticulous Research
US
+1 646-781-8004
Meticulous Research
Europe
+44-203-868-8738
Meticulous Research
APAC
+91-744-778-0008