Gelatin Market Size, Share, Growth Strategies & Trends, 2032

Gelatin Market

Market Overview

The global gelatin market size was valued at USD 3.07 billion in 2023 and 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. Europe dominated the gelatin market with a market share of 41.04% in 2023. Moreover, the gelatin market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 602.32 million by 2032, driven by growing demand for natural and clean-label ingredients in various industries such as food & beverages, cosmetics, and others.

Gelatin Market Share Size, & Industry Analysis, By Source (Porcine, Bovine, and Others), By Application (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics, and Others)

The gelatin market growth is accelerating rapidly, mainly because more people are interested 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, contributing to sustained gelatin market growth. 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, which made the demand for gelatin go up, boosting gelatin market growth significantly. To meet this demand and capitalize on gelatin market growth opportunities, 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, supporting continued gelatin market growth innovation.

This information comes from Fortune Business Insights in their report, "Gelatin Market, 2024-2032."

List of Key Players Covered in the Reports

• 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 Nutrient Content

Based on source, the market is segmented by porcine, bovine, and others.

Porcine segment witnessed a strong sales performance over other sources since 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 Gelatin Market 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.

Source: https://www.fortunebusinessinsights.com/gelatin-market-107012

Report Coverage

The report provides a detailed analysis of the market, dividing it into various segments and offering a comprehensive overview. It explores current trends and 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 Industries Will Fuel Market Expansion

Gelatin is becoming more important in medicine because more people have long-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-Related Diseases

• Europe: The largest market, valued at USD 1.08 billion in 2021. Its expansion is fueled by the increasing need for products addressing bone-related health conditions.
• North America: Dominated by the food and beverage sector as consumers increasingly prefer health-focused products over traditional ones.
• Asia Pacific: Expected to be the fastest-growing market, driven by demographic shifts such as an aging population and a rise in chronic diseases.

Competitive Landscape

Partnerships among Companies to Secure their Brand Values in the Global Market

The gelatin industry is very competitive because many sectors, including food, medicine, and cosmetics, rely on it. A few major companies lead the market by creating new products, partnering with other businesses, and increasing their production.

Two key challenges are changing the market:

1. Consumers increasingly want natural and "clean-label" ingredients.
2. Plant-based alternatives like agar-agar and pectin are becoming popular, especially with vegans and vegetarians.

To stay ahead, companies are researching new uses for gelatin (like in health foods), expanding internationally, and sometimes merging with or acquiring other companies.

Key Industry Development

December 2023: Darling Ingredients Inc., a leading gelatin manufacturer, 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 Terasaki Institute 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.