The Gelatin market is likely to hold a valuation of US$ 5.39 Billion by 2033. In 2023, the market value is US$ 3.12 Billion. As the demand for healthy and nutritious food increases, the gelatin market is also expected to grow by 6% from 2023 to 2033.
The rising use of gelatin in the pharmaceutical, food and beverages, and self-care industries is due to its capability to thicken liquids and retain considerable moisture for longer. The rapid growth in the pharma industry after the pandemic and the rising health literacy among people worldwide have resulted in a considerable increase in gelatin’s market size.
Gelatin also contains collagen, a chemical compound derived from animal tissues used in most skincare products. The global world population is witnessing a rise, and the gelatin market is likely to go upward in the future. Gelatin sales will also increase as it is one of the critical components used to encapsulate drugs and medicines in the market.
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Apart from these, gelatin also has applications in other industries like textile, medical devices, paper, photography, and tissue engineering. Gelatin is obtained from various sources like animals, fish, plants, and algae. Conventional gelatin derived from bovine and porcine animals still dominates the market because of its easy availability, affordability, and familiarity. Due to its transparent, flavorless, and clean nature, Type-1 gelatin is preferred more by consumers and industries, among others.
“There is still very little awareness about the benefits of gelatin in the global market. The capabilities of gelatin should be harnessed extensively in industries other than food and beverages and pharmaceuticals. With a limited number of key players across the world, there is a huge opportunity for companies to strategize accordingly,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Gelatin Market Report:
- The gelatin market is expected to grow at a modest rate of 6% from 2023 to 2033.
- Conventional gelatin dominates the global market with an overall revenue share of 43%.
- The United States is the largest consumer of gelatin and gelatin-related products, with a revenue share of 22%.
- The United States is followed by China (19%), Japan (10%), Germany (9%), and Australia (2%) in terms of gelatin consumption.
- China is the highest exporter of gelatin and gelatin-associated products.
Competitive Landscape of the Gelatin Market
The gelatin market is expected to witness a gradual upswing as more people become increasingly aware of the benefits of gelatin. Therefore, key players in the market are continuously focusing on promoting awareness and expanding the market size. Except for a few companies generally based in China, no significant companies compete for their dominance in the international market.
Recent Developments in the Gelatin Market
- University of California, San Diego, is working on gelatin-based scaffolds for peripheral nerve repair. These scaffolds are biocompatible and biodegradable and can be seeded with Schwann cells to support nerve myelination.
- Rousselot, a French company, developed ‘Pure-X,’ a gelatin-based material for medical embolization that helps treat various conditions like arteriovenous malformations, tumors, and aneurysms.
- In September 2023, students from China’s Guangxi University found that gelatin sponges can improve wound healing by enhancing homeostasis.
Key Companies in the Gelatin Market
- Sterling Biotech Limited
- Gelita AG
- Darling Ingredients Inc.
- Nitta Gelatin Inc.
- India Gelatine & Chemicals
- Tessenderlo Group
- Sterling Gelatin
- PB Gelatins GmbH
- Junca Gelatines S.L
- Trobas Gelatine BV
- Weishardt Holding SA
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Key Segments Covered in the Gelatin Market Report
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
By Source:
- Bovine
- Porcine
- Chicken
- Marine
By Functionality:
- Stabilizer
- Thickener
- Gelling Agent
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
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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