Apr 15, 2023

Gelatin Market worth $5.1 billion by 2028

CHICAGO, March 27, 2023 /PRNewswire/ -- The gelatin market size was estimated at USD 3.7 billion in 2023 and it is expected to reach USD 5.1 billion by 2028, growing at a CAGR of 6.6% during the forecast period, according to a report published by MarketsandMarkets™. The wider application scope, multiple functionalities, and clean-label claim are eventually driving the global gelatin market growth. With rising health consciousness among consumers and demand for "free-from" food products, the gelatin market is expected to rise. Due to its high protein content, there has also been an increasing demand for gelatin from the nutraceutical and sports nutrition segments.

Download PDF Brochure:

Browse in-depth TOC on "Gelatin Market"

116 – Tables40 – Figures176 – Pages

The animal source segment is expected to account for the largest share in 2023.

The animal source segment is anticipated to dominate the gelatin market in 2023. Gelatin is obtained through partial hydrolysis of collagen extracted from connective tissues, skin, tendons, and bones of various animal sources such as marine, including fish and squid, mammalian, poultry, and insects. It is widely used in food, health & nutrition, pharmaceutical, cosmetics & personal care, and other industries. Commercial production of gelatin is majorly from bovine and porcine bones and hides. Marine-sourced gelatin (fish) is produced and applied on a small scale. For instance, 41% of the global gelatin production is sourced from pig skin, 28.5% from bovine hides, and 29.5% from bovine bones.

The pharmaceuticals segment is projected to grow at the fastest rate among all the other applications in the gelatin market in 2023.

The pharmaceutical segment is considered to be the fastest-growing segment due to an increase in the use of gelatin in medicines, hard and soft capsules, tablet coating, granulation, surgical sponges, tableting, microencapsulation, and encapsulation. It is also used in plastic surgery, wound care, orthopedics, dentistry, and cardiovascular practices. Increasing instances of health and medical issues are mainly responsible for the overall growth in the usage of gelatin in medical applications.

Request Sample Pages:

Europe is witnessing the highest growth rate in the gelatin market.

Europeans are health-conscious and often scrutinize the ingredients on the labels before purchasing them. This high level of awareness has resulted in the rise in demand for nutritious and clean-label foods in Europe. The growing demand for convenience and functional foods in Europe due to fast-paced lifestyles and health-conscious consumers, along with the growing pharmaceutical industry, creates growth opportunities for the gelatin market. The presence of a few gelatin manufacturers such as Gelita A.G. (Germany), PB Leiner (Belgium), Trobas Gelatine B.V. (Netherlands), and Lapi Gelatine S.P.A. (Italy) is expected to drive the market for gelatin in Europe. Companies operating in the region also invest in product launches, joint ventures, and acquisitions to meet the growing demand from the food, beverage, and pharmaceutical industries. This ample availability of raw materials and the high dependence of the European population on these sources pose drivers for the growth of the gelatin market in the region.

Key players in this market include Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin, Inc. (Japan), Gelita AG (Germany), Weishardt (France), Lapi Gelatine Spa (Italy), India Gelatine & Chemicals Ltd. (India), Trobas Gelatine B.V. (Netherlands), Sterling (India), Roxlor (US), Suheung (South Korea), and Ewald Gelatin GmbH (Germany).

Get 10% Free Customization on this Report:

Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

Collagen Market by Product Type (Gelatin, Hydrolyzed Collagen, Native Collagen), Application, Source (Bovine, Porcine, Poultry, Marine, and Plant Sources), Form, Type, Extraction Process and Region - Global Forecast to 2030

Marine Collagen Market by Type (Type I, Type III), Application (Nutraceuticals, Cosmetic, Medical), Source (Skin, scales, and muscles, Bones & tendons), Animal and Region – Trends and Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: Our Website: Source:


View original content:

SOURCE MarketsandMarkets