Gelatin Market to Cross US$ 5.9 Billion by 2032 as Application in Food Industry Rises by 5.8%

North America to Contribute Over 2/5^th of Sales; East Asia to be the Front-Runner with China and Japan Leading the Rally

Fact.MR's latest study uncovers details on hidden opportunities in the gelatin market for the forthcoming decade. It delivers insights into vital trends favoring demand outlook across various segments in terms of source, type, function, application, and region. Besides, the study also predicts growth prospects of the gelatin market for the assessment period.

NEW YORK, Sept. 21, 2022 /PRNewswire/ -- The global gelatin market size reached US$ 3.1 billion in 2021 and is likely to grow at a CAGR of 5.8% during the forecast period (2022-2032), totaling around US$ 5.9 billion by the end of 2032.

Rising demand for fast food and functional foods, increased health consciousness, and application in diverse industries such as pharmaceutical and cosmetics are some of the key factors driving the gelatin market. Growing use of gelatin in culinary, medicinal, and nutritional solutions due to its unique behavioral features will further spur the sales.

Also, with rising health consciousness, demand for supplements is expected to remain high. Hence, key players are focusing on development of soft gel capsules to cater to the growing demand, facilitating the growth in the market.

Further, increased popularity of gelatin-based biomedical products to improve the texture and quality of hair is anticipated to boost demand. Consequently, sales are predicted to surge with the use of gelatin in the haircare as it reduces hair loss. Gelatin is also expected to be used effectively in the personal care industry as desire for hair care treatment products necessitates the growth.

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With rapid expansion of food industry, demand for gelatin is expected to witness an upsurge due to its wide variety of applications and strong nutritional value. Gelatin is a highly nutritious and useful protein source that may be added to food and beverage items. Hence, sales of gelatin are projected to surge as need for nutrient-dense foods and beverages grows. Gelatin is a naturally occurring component that comes from the connective tissues of animals. Thus, the growing demand for clean label products will also fuel the expansion of the global gelatin market.

Key Takeaways:

• By 2022, the U.S. is predicted to hold the top market position, with over 40% of sales in the global gelatin market.
• North America is expected to retain its dominance in the global gelatin market holding over 2/5^th of sales in the market.
• China gelatin market is anticipated to be valued over US$ 300 Million in 2022.
• Japan and South Korea are expected to lead the East Asia gelatin market, with respective market valuations of US$ 200 million and US$ 100 million.
• In terms of source, porcine is expected to be the most preferred source for gelatin, contributing nearly 50% of sales in the market.

Growth Drivers:

• Increasing application of gelatin in food & beverage due to rising sales of the substance as a commercial food stabilizer will propel the growth.
• Sales of gelatin are predicted to burgeon with growing demand in cosmetics and pharmaceutical industries.

Restraints:

• Demand in gelatin market is likely to be restrained by a shortage of qualified staff in food & beverage industry across low and middle income countries.
• Stringent regulations pertaining to the use of animal-raw materials during the production of gelatin might impede the growth.

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Competitive Landscape:

Key players in the gelatin market are focusing on introducing new products and develop purified gelatin to adhere to the stringent regulations.  They are also investing in research and development activities to expand their product portfolio and gain strong foothold in the industry.

For instance,

• In May 2021, with the introduction of X-Pure Geldat-Gelatin-gelatin Desaminotyrosine, Darling Ingredients Inc. stated that its Rousselot brand has increased its selection of modified, pharmaceutical-grade, and purified gelatin.
• Under its SiMoGel trademark, Rousselot introduced a new delivery method for pharmaceutical and nutraceutical gelatin ingredients: gummy caps. In November 2020, it allowed the producers to capitalize on the expanding popularity of chews and gummies.

Key Companies Profiled by Fact.MR

• Darling Ingredients
• Tessenderlo Group
• Nitta Gelatin
• Gelita
• Weishardt
• Italgelatine
• Lapi Gelatine
• Gelinex
• Junca Gelatines
• Torbas Gelatine
• India Gelatine & Chemicals among others.

More Valuable Insights on Gelatin Market

In the latest study, Fact.MR offers a detailed study on global gelatin market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of gelatin through detailed segmentation as follows:

By Source:

• Porcine
• Bovine Skin
• Bovine Bone
• Fish & Poultry

By Type:

• Type A
• Type B

By Function:

• Thickening
• Gelling
• Stabilizing
• Emulsifier
• Binding Agent
• Fat Replacer
• Coating Agent
• Others

By Application:

• Food
• Bakery & Confectionary
• Nutrition Products
• Beverage
• Daily Products
• Meat Products
• Other Food Products
• Pharmaceutical & Healthcare
• Cosmetics
• Photography
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Key Questions Covered in the Gelatin Market Report

• What is the projected value of the gelatin market in 2022?
• At what rate will the global gelatin market grow until 2032?
• Which are the factors hampering the growth gelatin market?
• Which region is expected to lead in the global gelatin market during 2022-2032?
• Which are the factors driving the gelatin market during the forecast period?
• What is the expected market value of the gelatin market during the forecast period?

Explore Fact.MR's Coverage on the Food & Beverages Domain

Vegan Gelatin Market: Growing awareness of plant-derived goods and health consciousness are expected to have an influence on the vegan gelatin market over the projected period. Demand for vegan gelatin is growing as a result of a wide variety of customers' increasing acceptance of vegan goods.

Softgels Dietary Supplements Market: The global softgels dietary supplements market is expected to showcase growth at a CAGR of 7% between 2022 to 2032. Favorable government promotion and initiatives with associated health benefits is expected to provide tremendous growth opportunities for softgels dietary supplements market.

Gelatin Peptones Market: Peptones, in general, have a number of beneficial qualities, including anti-cancer, anti-inflammatory, and anti-hypertensive, which is expected to positively affect demand. Technology development is a major trend that is becoming more and more popular in the gelatin industry. Gelatin may be used in a variety of applications due to AI integration.

OTC Vitamins and Dietary Supplements Market Report: Global OTC Vitamin & Dietary Supplements landscape is expected to reach a valuation of US$ 181 Billion by 2032. The market for OTC Vitamin & Dietary Supplements in the U.S will likely expand at a 38% CAGR.

Powder Dietary Supplements Market Analysis: Adults are anticipated to lead the consumption of powder dietary supplements and account for a dominant market share. The global market is expected to expand at a CAGR of 7.7% during 2022-2032.

Check it Out More Reports by Fact.MR on Food & Beverage Industry

https://www.factmr.com/industry/food-and-beverage

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

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