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Gelatin Market to Witness Unprecedented Growth in Coming Years

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Gelatin Market to Witness Unprecedented Growth in Coming Years

January 30
00:49 2021
Gelatin Market to Witness Unprecedented Growth in Coming Years

MarketsandMarkets™
The global gelatin market size is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6%

The report Gelatin Market by Source (Porcine, Bovine Skin, Bovine Bone, Fish & Poultry), Application (Food, Pharmaceuticals & Healthcare), Type (Type A, Type B), Function (Stabilizing, Thickening, Gelling), and Region – Global Forecast to 2023″, The gelatin market is projected to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period. The wider application scope, multiple functionalities, and clean-label claim are eventually driving the global gelatin market growth. With the rising health consciousness among consumers and demand for “free-from” food products, the market of gelatin is expected to rise. There has also been an increasing demand for gelatin from the nutraceutical and sports nutrition segment due to its high protein content.

Gelatin Market

By application, the food segment is projected to witness the fastest growth in the market during the forecast period.

The food segment is projected to witness the fastest growth due to a wide range of applications in food and high nutritional value. Gelatin is a highly rich protein source to be incorporated into functional & nutritional food & beverage products. The rising demand for nutritional food & beverages has been stimulating the demand for gelatin. Gelatin is naturally derived from animal’s connective tissues and considered as a clean label ingredient. Hence, the increased consumer preferences for clean label products drive the growth of the global gelatin market.

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The porcine segment is projected to account for the largest share during the forecast period.

Based on source, the market is estimated to be dominated by the porcine segment in 2018. Pigskin is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources. Most of the gelatin is sourced from animal tissues, as it contains a high amount of collagen. Different methods are used to extract collagen protein, which include the salting out, alkaline, acid, and enzyme methods. Furthermore, increasing demand for sports and nutritional food & beverage products fuels the porcine gelatin demand.

Europe is projected to account for the largest market share during the forecast period.

Europe accounted for the largest share of the gelatin market. The dominance in this region is attributed to the high demand for nutritional and functional food & beverage products along with the growing pharmaceutical industry. Moreover, the abundant availability of raw materials as well as the presence of key gelatin manufacturing contributes to the growth of the market in the region.

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Major vendors in the gelatin market include Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Darling Ingredients (US), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil).

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