The Gelatin Market is Expected to Reach $7.46 Billion by 2031.

According to the latest report by Meticulous Research®, the global gelatin market is on track to exceed $7.46 billion by 2031, growing at a robust compound annual growth rate (CAGR) of 7% during the forecast period from 2024 to 2031. The burgeoning market is being fueled by a confluence of factors including the increasing utilization of gelatin within the pharmaceutical sector, heightened consumer demand for functional and convenience food and beverages, and the rising popularity of clean-label products. The growing consumption of gelatin-based products among athletes is also contributing significantly to market expansion.

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However, the market is not without its challenges. Concerns over safety and limited acceptance due to cultural and religious restrictions pose significant barriers. Despite these challenges, the market presents promising opportunities, particularly in the application of gelatin in fortified confectionery and sports nutrition products. Conversely, the limited availability of advanced technologies for gelatin extraction and processing remains a critical challenge for industry stakeholders. Current trends indicate a growing emphasis on health and wellness, with a notable increase in the use of gelatin for medical and biomedical purposes.

Key Market Players

Leading players in the gelatin market include 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).

Market Segmentation Highlights

The report segments the gelatin market by type, source, function, application, and geography, providing a comprehensive analysis at both regional and country levels.

Type: The market is divided into Type A and Type B gelatin, with Type A anticipated to command a dominant share of over 54.5% in 2024. This is attributed to its extensive application within the food and beverage industry, as well as its superior nutritional profile. Type A gelatin is particularly valued in the food industry for enhancing texture and mouthfeel in products such as desserts, confectionery, dairy, and meat items. It is also expected to exhibit the highest growth rate of 7.4% through 2031, driven by its excellent gelling properties and superior storage stability.

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Source: Animal-derived gelatin is projected to account for over 91.2% of the market share in 2024, driven by its widespread use in various food and beverage applications, abundant availability, and cost-effectiveness. The plant-based segment, however, is set to grow at a remarkable rate of 7.6% over the forecast period, fueled by the increasing prevalence of veganism, rising health consciousness, and growing environmental and ethical concerns.

Function: The stabilizers segment is expected to hold the largest market share of over 40.6% in 2024, as the demand for improved texture, consistency, and shelf life in food and beverage products continues to rise. However, the thickeners segment is poised to register the fastest growth at 7.8% CAGR, driven by the expanding food industry in Asia-Pacific and the growing demand for viscosity-improving ingredients.

Application: The food and beverages segment is expected to dominate the market with a 51.3% share in 2024, driven by the unique gelling and surface behavior properties of gelatin, which are crucial for achieving the desired texture and consistency in various food products. Additionally, the nutraceuticals segment is forecasted to grow at the highest rate of 8.2%, spurred by the rising demand for wellness products that incorporate natural and functional ingredients.

Geographical Insights

In 2024, Europe is projected to lead the gelatin market with a substantial 39.2% share, driven by the region's increasing health consciousness, aging population, and growing demand for gelatin in end-use industries such as food and beverages, pharmaceuticals, and cosmetics. The demand for packaged products in countries like Germany and the U.K. is also contributing to the market's growth.

Asia-Pacific is forecasted to register the highest growth rate at 8.5% during the forecast period, driven by the region's expanding food processing industry, particularly in China and India, coupled with a rapidly growing population, rising incidence of chronic diseases, increasing awareness of personal health and nutrition, and abundant raw material availability.

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This release was published on openPR.