USD 6.08 billion
Report ID:
SQMIG30H2141 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
93
|Figures:
76
Gelatin Market size was valued at USD 6.7 Billion in 2023 and is poised to grow from USD 7.38 Billion in 2024 to USD 15.96 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).
In recent years, the global Gelatin market has been changing demands by increasing consumer awareness regarding the health benefits of gelatin, particularly its role in promoting joint health and collagen formation, fostering its demand in the nutraceutical and pharmaceutical sectors. Additionally, the expanding food and beverage industry's use of gelatin as a gelling agent, stabilizer, and thickener is contributing to market growth. With a rising trend towards clean-label and natural ingredients, gelatin's versatility and wide application scope position it as a sought-after ingredient.
However, challenges such as the emergence of plant-based alternatives and sourcing concerns related to animal-derived gelatin may pose restraints. Geographically, the Asia-Pacific region, driven by increased industrial applications and a growing population, holds a significant share in the global gelatin market. As the market evolves, innovation in gelatin production methods and sustained efforts towards sustainable sourcing are likely to shape its future trajectory.
Global Market Size
USD 6.08 billion
Largest Segment
Type B
Fastest Growth
Type B
Growth Rate
10.1% CAGR
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The global Gelatin market is segmented into four major segments i.e. by Type, Source, Function, and region. Based on Type, it is divided into Type A, Type B, Type AB, and other innovative formats. Based on Source, it is bifurcated as Bovine, Porcine, Fish, and Poultry. Based on Distribution channel it is segregated into, Stabilizer, Thickener, Gelling Agent, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Type
Type B gelatin, derived from porcine sources, is expected to dominate the market due to its wide applicability and versatility. It possesses excellent gelling properties and is suitable for various applications in the food, pharmaceutical, and cosmetic industries. Additionally, the demand for porcine-derived gelatin is often driven by cultural and religious preferences in certain regions, contributing to its dominance in the global market.
Type AB gelatin, a blend of both Type A and Type B, is anticipated to be the fastest growing type. This is due to its own set of traits, which provides a greater range of functionalities than individual types. Type AB gelatin has both strong gelling properties (similar to Type A) and outstanding film-forming ability (similar to Type B). The growing demand for multifunctional ingredients in many industries, such as food, medicines, and cosmetics, is expected to boost the expansion of Type AB gelatin.
Analysis by Source
Owing to its ubiquitous availability and low cost, bovine-derived gelatin is projected to dominate the market. As the cattle business generates a significant quantity of raw materials for gelatin manufacturing, producers choose bovine sources. Furthermore, bovine gelatin is adaptable and has numerous applications in the food and pharmaceutical industries, which contributes to its market domination.
The fastest expanding source is expected to be fish-derived gelatin. On account of its non-mammalian origin, fish gelatin is gaining traction as consumer preferences shift towards alternative and sustainable sources, making it acceptable for a wide range of dietary requirements. Concerns about religious and cultural prohibitions linked with bovine or porcine origins are likewise addressed by fish gelatin. Demand for fish gelatin is expected to rise as customers seek plant-based and alternative proteins.
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Due to significant consumption in countries like China, India, and Japan, Asia Pacific is positioned to dominate the gelatin market. The leading position of the region is owing to the thriving food and pharmaceutical industries, as well as cultural preferences for gelatin-based goods in traditional meals. Furthermore, increased awareness of gelatin's health advantages in nutritional applications is driving up demand in the region.
North America is predicted to be the fastest-growing gelatin market area. The growing number of health-conscious consumers, together with the growing need for functional ingredients in the food and beverage industry, is driving and developing the market. Furthermore, the popularity of dietary supplements and the inclusion of gelatin into novel applications such as the manufacture of gums and sports nutrition products contribute to the region and its rapid growth. The growing popularity of clean labeling and natural products continues to drive demand for gelatin in North America.
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Drivers
Increasing Consumer Awareness on Health and Wellness
Restraints
High Demand for Vegan Products Posing a Threat to Traditional Gelatin
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The competitive environment of the Gelatin market is dynamic and formed by a differing cluster of players competing for showcase share and advancement. Key industry members incorporate both built-up gelatin producers and unused participants centering on specialty applications. Vital activities, counting mergers, acquisitions, and organizations, are common procedures among advertisers to improve their item offerings and extend their market reach. The market is characterized by a persistent center on enquiry about and improvement, with companies endeavoring to improve and present modern details to meet advancing consumer requests, such as plant-based options and particular functionalities.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Gelatin market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is driven by increasing awareness of its health benefits, fueling demand in nutraceuticals. Its versatile applications in food, pharmaceuticals, and cosmetics are key drivers, while the emergence of plant-based alternatives poses a restraint. Bovine-sourced gelatin dominates, particularly in Asia-Pacific due to cultural preferences.
North America sees the fastest growth due to health-conscious consumers. Key trends include the rise of clean-label demands and innovative gelatin formulations to meet diverse industry needs, marking a dynamic and evolving market landscape.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.08 billion |
Market size value in 2031 | USD 14.5 billion |
Growth Rate | 10.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Gelatin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gelatin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gelatin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gelatin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30H2141
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