The global gelatin market size was evaluated at US$ 3.12 Billion in 2023 and is projected to attain around US$ 5.39 Billion by 2033, growing at a CAGR of 6%. gelatin has a major application in the confectionery industry, the growth of the industry is one of the major driving factors for the growth of the gelatin market.
NEWARK, Del, Nov. 21, 2023 (GLOBE NEWSWIRE) — The Gelatin market is likely to hold a valuation of US$ 5.39 Billion by 2033. In 2023, the market value is US$ 3.12 Billion. As the demand for healthy and nutritious food increases, the gelatin market is also expected to grow by 6% from 2023 to 2033.
The rising use of gelatin in the pharmaceutical, food and beverages, and self-care industries is due to its capability to thicken liquids and retain considerable moisture for longer. The rapid growth in the pharma industry after the pandemic and the rising health literacy among people worldwide have resulted in a considerable increase in gelatin’s market size.
Gelatin also contains collagen, a chemical compound derived from animal tissues used in most skincare products. The global world population is witnessing a rise, and the gelatin market is likely to go upward in the future. Gelatin sales will also increase as it is one of the critical components used to encapsulate drugs and medicines in the market.
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Apart from these, gelatin also has applications in other industries like textile, medical devices, paper, photography, and tissue engineering. Gelatin is obtained from various sources like animals, fish, plants, and algae. Conventional gelatin derived from bovine and porcine animals still dominates the market because of its easy availability, affordability, and familiarity. Due to its transparent, flavorless, and clean nature, Type-1 gelatin is preferred more by consumers and industries, among others.
“There is still very little awareness about the benefits of gelatin in the global market. The capabilities of gelatin should be harnessed extensively in industries other than food and beverages and pharmaceuticals. With a limited number of key players across the world, there is a huge opportunity for companies to strategize accordingly,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Gelatin Market Report:
- The gelatin market is expected to grow at a modest rate of 6% from 2023 to 2033.
- Conventional gelatin dominates the global market with an overall revenue share of 43%.
- The United States is the largest consumer of gelatin and gelatin-related products, with a revenue share of 22%.
- The United States is followed by China (19%), Japan (10%), Germany (9%), and Australia (2%) in terms of gelatin consumption.
- China is the highest exporter of gelatin and gelatin-associated products.
Competitive Landscape of the Gelatin Market
The gelatin market is expected to witness a gradual upswing as more people become increasingly aware of the benefits of gelatin. Therefore, key players in the market are continuously focusing on promoting awareness and expanding the market size. Except for a few companies generally based in China, no significant companies compete for their dominance in the international market.
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Recent Developments in the Gelatin Market
- University of California, San Diego, is working on gelatin-based scaffolds for peripheral nerve repair. These scaffolds are biocompatible and biodegradable and can be seeded with Schwann cells to support nerve myelination.
- Rousselot, a French company, developed ‘Pure-X,’ a gelatin-based material for medical embolization that helps treat various conditions like arteriovenous malformations, tumors, and aneurysms.
- In September 2023, students from China’s Guangxi University found that gelatin sponges can improve wound healing by enhancing homeostasis.
Key Companies in the Gelatin Market
- Sterling Biotech Limited
- Gelita AG
- Darling Ingredients Inc.
- Nitta Gelatin Inc.
- India Gelatine & Chemicals
- Tessenderlo Group
- Sterling Gelatin
- PB Gelatins GmbH
- Junca Gelatines S.L
- Trobas Gelatine BV
- Weishardt Holding SA
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Key Segments Covered in the Gelatin Market Report
- Type A
- Type B
By End-Use Application:
- Protein Bars and Powder
- Food & Beverage
- Dairy Products
- Meat & Poultry Products
- Gelling Agent
- North America
- Latin America
- Asia Pacific
- The Middle East & Africa (MEA)
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Have a Look at Related Reports of Food and Beverage Domain:
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The Fish Gelatin market size is valued at USD 287.0 Mn in 2022 and is projected to grow at a CAGR of 3.1% during the forecast period, reaching a value of USD 397.1 Mn by 2032.
The gelatin substitutes market trend is projected to be valued at US$ 1.0 Bn in 2022. As per the report, sales are projected to grow at a CAGR of 14.4% during the forecast period, to reach a valuation of US$ 4.0 Bn by 2032.
The global bakery products market growth is estimated to reach US$ 235 Billion in 2022. As per the report, sales will increase at a 4.2% CAGR over the forecast period, reaching US$ 354.6 Billion by 2032.
The global ready-to-finish bakery products market demand is anticipated to garner a valuation of US$ 239 billion in 2023, and eventually to US$ 370 billion by 2033, accelerating at a CAGR of 4.47%.
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