USD 374.77 billion
Report ID:
SQMIG30I2166 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
86
|Figures:
81
Gelatin Substitutes Market size was valued at USD 401.75 Billion in 2023 and is poised to grow from USD 430.68 Billion in 2024 to USD 751.13 Billion by 2032, growing at a CAGR of 7.20% during the forecast period (2025-2032).
Gelatin is a popular ingredient used in many foods, including desserts, gummy candies, and marshmallows, because it provides texture and structure. However, as it is derived from animal collagen, it is not suitable for those following a vegetarian or vegan diet. Several gelatin substitutes can be used in its place, including agar-agar, carrageenan, pectin, and konjac powder. These alternatives are derived from plant-based sources and can provide similar textural properties to gelatin. Agar-agar, for example, is made from seaweed and can be used as a one-to-one replacement for gelatin. Carrageenan is derived from red seaweed and is often used in dairy and meat alternatives. Pectin is extracted from fruit, such as apples and citrus, and is commonly used in jams and jellies. Konjac powder is derived from the konjac plant and is often used in vegan-friendly gelatin substitutes. The global gelatin substitutes market is expected to grow at a significant rate in the coming years due to the increasing demand for plant-based alternatives to gelatin.
US Gelatin Substitutes Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 374.77 billion
Largest Segment
Plant-Based
Fastest Growth
Plant-Based
Growth Rate
7.20% CAGR
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Global Gelatin Substitutes market is segmented by source, application, product type, and region. Based on source, the Gelatin Substitutes Market can be segmented into plant-based, and animal-based. Based on application, the Gelatin Substitutes Market is segmented into food and beverages, and personal care and cosmetics. Based on product type the Gelatin Substitutes Market is segmented into agar-agar, and corn starch. Based on region, the Gelatin Substitutes Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gelatin Substitutes Market Analysis by Source
By type, the market can be segmented into plant-based, and animal-based. Plant-based gelatin substitutes dominated the global market due to the growing demand for vegan and vegetarian products in the food and beverage industry. The demand for plant-based substitutes is increasing due to the rising awareness of the health benefits of plant-based diets, concerns about animal welfare, and the increasing number of vegans and vegetarians globally. Plant-based substitutes such as carrageenan, pectin, and agar-agar are expected to dominate the gelatin substitutes market due to their wide usage and acceptance in the industry.
The animal-based segment is expected to fastest growing segment due to concerns about animal welfare and the increasing demand for plant-based products. Animal-based gelatin substitutes are derived from animal sources such as collagen and bone broth. However, animal-based substitutes are still widely used in the food and beverage industry, particularly in the meat and dairy industries and the pharmaceutical industry.
Gelatin Substitutes Market Analysis by Application
By application, the market can be segmented into food and beverages, and personal care and cosmetics. Food and beverage is the dominant segment of the global gelatin substitutes market. The increasing demand for vegan, vegetarian, halal, and kosher-certified products is driving the growth of this segment. Gelatin substitutes are used in a variety of food products such as gummies, confectionery, desserts, bakery products, and functional foods. The food and beverage industry is expected to remain the dominant application segment in the global gelatin substitutes market, with a significant market share. In particular, plant-based substitutes such as carrageenan, pectin, and starch are expected to dominate the food and beverage segment due to their wide usage and acceptance in the industry.
Personal care and cosmetics is the fastest growing segment of the global gelatin substitutes market. As a thickening and stabilizing agent, gelatin substitutes are used in personal care and cosmetics products such as face masks, shampoos, and body washes. The increasing demand for vegan and cruelty-free products in the personal care and cosmetics industry is driving the growth of this segment. However, personal care and cosmetics currently hold a smaller market share compared to the food and beverage industry. In this segment, agar-agar is expected to dominate due to its excellent gelling properties and usage in various products.
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North America dominated the global market due to the increasing adoption of vegetarian and vegan diets among consumers in the region. The United States is North America's largest market for gelatin substitutes, with a significant demand for plant-based alternatives to gelatin in the food industry.
In APAC, the market for gelatin substitutes is expected to grow at a significant rate due to the increasing health consciousness among consumers and the growing demand for functional foods. China is the largest market for gelatin substitutes in APAC, driven by the increasing demand for plant-based foods and dietary supplements.
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Gelatin Substitutes Market Drivers
Increasing demand for plant-based alternatives
Gelatin Substitutes Market Restraints
Limited availability of certain plant-based alternatives
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The gelatin substitutes market is moderately fragmented, with several small and large players operating in the market. The market players are increasingly focused on developing plant-based alternatives to gelatin that can provide similar functional properties and are cost-effective. Additionally, the players are also investing in research and development activities to improve the quality and functionality of the products. Apart from this, the players also collaborate and partner with food manufacturers to increase their market share and expand their product portfolio.
Gelatin Substitutes Market Top Player’s Company Profiles
Gelatin Substitutes Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global gelatin substitutes market analysis, the market players are increasingly focused on developing plant-based alternatives to gelatin that can provide similar functional properties and are cost-effective. The increasing demand for plant-based alternatives to gelatin, driven by the rising trend of veganism and vegetarianism, is one of the key market trends in the market. Moreover, the manufacturers are increasingly focused on improving the quality and functionality of plant-based alternatives to meet the specific needs of different applications.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 374.77 billion |
Market size value in 2031 | USD 700.68 billion |
Growth Rate | 7.20% |
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 |
Gelatin Substitutes Market Recent Developments
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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 Substitutes 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 Substitutes 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 Substitutes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gelatin Substitutes 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: SQMIG30I2166
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