The global gelatin market valuation is likely to be around US$ 3,124 million in 2023. The estimated CAGR of the market is 6% through 2033. Global sales of gelatin are anticipated to reach US$ 5,394.1 million by 2033.
The food and beverage sectors will use gelatin more frequently due to its viscous properties. Gelatin prevents the water in sour cream, cottage cheese, and marshmallows from separating from the other ingredients and crystallising.
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It also stabilises the foam during production and adds viscosity, which keeps marshmallows smooth and pliable. According to the study, confectionary coatings, crackers, and chewable pills may contain up to 1% gelatin.
Consequently, chewy, soft confections made with gelatin will increase gelatin sales worldwide. Gelatin also acts as an extender and emulsifier for products made using low-fat margarine.
However, in the U.S., edible gelatin is most commonly used to make gelatin desserts at concentrations of 1.5–2.5%. Hence, gelatin is available pre-mixed with sugar and flavorings or unflavored gelatin packets for this purpose. As per FMI, type A gelatin is the most common type of edible gelatin, thereby, fueling the use in food & beverage industry.
Key Takeaways from Market Study
- The gelatin market is estimated to expand at CAGRs of 5.8% over the forecast period
- Europe gelatin market is expected to hold around 27% of value share in 2022.
- Among the type segment of the gelatin market, type B will witness significant growth during the assessment period
North America is expected to dominate the gelatin market and is anticipated to grow with a CAGR of 5.2% over the forecasted period.
- Porcine source is leading source segment, whereas food and beverages is leading end-use application segment.
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Competitive Landscape.
Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., India Gelatine & Chemicals, Nitta Gelatin Inc., Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market
Gelatin Market by Category
By Type:
- Type A
- Type B
By Nature:
- Conventional
- Organic
By End-Use Application:
- Protein Bars and Powder
- Food & Beverage
- Confectionery
- Dairy Products
- Meat & Poultry Products
- Desserts
- Beverage
- Others
- Personal Care
- Pharmaceutical
- Nutraceutical
- Photography
- Others
By Source:
- Bovine
- Porcine
- Chicken
- Marine
By Functionality:
- Stabilizer
- Thickener
- Gelling Agent
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
Key Questions Answered in the Report
- How big is the Gelatin Market?
- What is the North America Gelatin Market Outlook?
- At What Rate Will Gelatin Demand Grow in Europe?
- Which Are the Key Countries Shaping the Gelatin Market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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