Market Overview
The global gelatinmarket size was valued at USD 3.07 billion in 2023and is projected to grow from USD 3.20 billion in 2024 to USD 5.51 billion by
2032, exhibiting a CAGR of 7.03% during the forecast period.(2024-2032). Europe
dominated the Gelatin Market with a market share of 41.04% in 2023.
The gelatin market is growing fast, mainly because more people areinterested in functional foods and drinks, and because gelatin is used more in
medicines and cosmetics. People also want products with clear labels and
gelatin is used in things like pasta, yogurt, and cosmetics. Gelatin is a
popular ingredient in food because it helps keep food stable, gives it a good
texture, and helps it foam.
During the pandemic, more people were cooking and baking at home, whichmade the demand for gelatin go up. To meet this demand, companies are creating
new products. For example, PB Leiner introduced Textura Tempo Ready in August
2020. This new gelatin is clean, doesn't have any extra ingredients, is made
from gelatin only, and it's easier to use than regular gelatin.
This information comes from Fortune Business Insights in their report, “Gelatin Market, 2024-2032.”
List of Key Players Covered in the Report
- Gelita AG (Germany)
- Darling Ingredients Inc. (U.S.)
- Nitta Gelatin, Inc. (Japan)
- Tessenderlo Group (Belgium)
- Weishardt (France)
- Trobas Gelatine B.V. (Netherlands)
- Lapi Gelatine S.p.a. (Italy)
- Juncà Gelatines SL (Spain)
- Italgel S.r.l (Italy)
- Sterling Biotech Ltd. (India)
- Gelnex (Brazil)
Segments
Porcine Gelatin to Hold Largest Share Owing to its Higher NutrientContent
Based on source, the market is segmented by porcine, bovine, and others.
Porcine segment witnessed strong sales performance over other sourcessince they are less expensive. Besides, the issue of possible fraud and
mislabeling has become a concern among consumers.
Growing Use of the Product in Food & Beverages Propels GelatinMarket Growth
Gelatin is a versatile ingredient in many sectors like food, healthcare,cosmetics, and more. It's most commonly found in snacks, candies, and desserts
due to its use in the food industry. The market is spread across five major
regions: North America, Europe, Asia Pacific, South America, and the Middle
East & Africa.
Report Coverage
The report provides a detailed analysis of the market, dividing it intovarious segments and offering a comprehensive overview. It explores current
trends and future prospects, as well as regional changes and their influence on
market expansion. It also discusses COVID-19's impact on potential risks for
investors and business owners. Furthermore, the report evaluates major
companies and their strategies for maintaining competitiveness.
Driving Factors
Expanding Use of Gelatin in Healthcare and Pharmaceutical IndustriesWill Fuel Market Expansion
Gelatin is becoming more important in medicine because more people havelong-term health issues, there are more older people, and more individuals care
about their health. The market is growing because of better attention to health
and higher medical expenses. Gelatin is also liked for its advantages, like
supporting weight loss and treating diseases like weak bones, rheumatoid arthritis,
and osteoarthritis.
Regional Insights
Europe to Dominate Backed by Increasing Prevalence of Bone-RelatedDiseases
The largest revenue for gelatin market share, which was valued at USD1.08 billion in 2021, was contributed by Europe. The expansion of the European
market is anticipated to be fueled by the rising prevalence of bone-related
illnesses.
Due to the movement in consumer desire from traditional items to morehealth-oriented products, the food and beverage industry dominates the North
American market.
Asia Pacific is anticipated to have the market's fastest growth rate.The region's market is expanding as a result of increased chronic disease
occurrences and an aging population.
Competitive Landscape
Partnerships among Companies to Secure their Brand Values in the GlobalMarket
Top companies are smartly working to advertise their products and boosttheir market standing. A successful approach is teaming up with other
businesses to introduce new items and grow their customer base.
Key Industry Development
December 2023: Darling Ingredients Inc., a leading gelatinmanufacturer, obtained a patent for its specialized gelatin StabiCaps. This
formulation helps improve the stability of soft gel capsules and can be used to
produce a wide range of pharmaceuticals.
January 2022: According to a report from Darling Ingredients Inc., the TerasakiInstitute for Biomedical Innovation (TIBI), a regenerative medicine research
Centre with Californian base, has teamed with the company's global brand,
Rousselot Health. With this agreement, the businesses are concentrating on
developing gelatin-based medicines that will eventually find use in clinical
settings.
