The global gelatin market size is projected to grow from USD 3.2 billion in 2020 to USD 6.7 billion by 2027; at a CAGR of 9.2 % during the forecast period. Gelatin is a rich source of protein, which is a major reason that is contributing to the increased application of gelatin in dietary and nutritional supplements, leading to a hike in the demand for gelatin in the market. Gelatin is used as a texturizing and gelling agent in the food industry.
Owing to the reason that gelatin is free from any preservative or additive, it is one of the preferences when it comes to choosing ingredients for food items, which is fuelling the demand for gelatin in the market. An increasing health-conscious population also contributes to the surge in the demand for gelatin, due to its high protein content and absence of any preservatives. Gelatin is also widely used in cosmetics and personal care products, due to its properties such as fighting wrinkles, boosting the metabolism, strengthening the nails and hair, improving joint health, etc., which makes it an essential ingredient for consumers while choosing their products.
Gelatin finds application in pharmaceuticals as well, owing to its various properties such as a thickening agent in liquid dosage, sugar, or tablet coatings, leading to an increase in the demand for gelatin in the market. The increasing health conscious trend among consumers is escalating the demand for clean label products, which is expected to lead to a growth in the demand for gelatin in the market over the forecast years.
Gelatin is mostly used for its unique properties such as gelling, stabilization, emulsification, and binding. With the increasing per capita disposable income and the rising consciousness among consumers about nutritious and healthy diets, there is a swift rise in the demand for energy drinks and processed food, which, in turn, stimulates the growth of the gelatin market. The rising demand in different applications such as photography and cosmetics is anticipated to lay significant growth opportunities in the global gelatin market. Moreover, the hike in the demand from the pharmaceutical industry is expected to influence the Asia Pacific gelatin market.
The major vendors in the global gelatin market are Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. Key industry players such as Darling Ingredients (US) acquired Triple-T Foods Arkansas (US), which is a specialty pet food ingredient company.
The global market for gelatin has been segmented into five key regions viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global market has been dominated by the regional segment of Europe. The regional segmented accounted for a large chunk of the overall market share in 2020 and is expected to continue to dominate the global market over the course of the given period of forecast. The growth of the Europe gelatin market is primarily attributed to the implementation of strict regulatory mandates across region with respect to the control of Bovine Spongiform Encephalopathy. France and Germany are the biggest consumers of gelatin of Europe and thus are chief contributors for the market growth.
Owing to the reason that gelatin is free from any preservative or additive, it is one of the preferences when it comes to choosing ingredients for food items, which is fuelling the demand for gelatin in the market. An increasing health-conscious population also contributes to the surge in the demand for gelatin, due to its high protein content and absence of any preservatives. Gelatin is also widely used in cosmetics and personal care products, due to its properties such as fighting wrinkles, boosting the metabolism, strengthening the nails and hair, improving joint health, etc., which makes it an essential ingredient for consumers while choosing their products.
Gelatin finds application in pharmaceuticals as well, owing to its various properties such as a thickening agent in liquid dosage, sugar, or tablet coatings, leading to an increase in the demand for gelatin in the market. The increasing health conscious trend among consumers is escalating the demand for clean label products, which is expected to lead to a growth in the demand for gelatin in the market over the forecast years.
Gelatin is mostly used for its unique properties such as gelling, stabilization, emulsification, and binding. With the increasing per capita disposable income and the rising consciousness among consumers about nutritious and healthy diets, there is a swift rise in the demand for energy drinks and processed food, which, in turn, stimulates the growth of the gelatin market. The rising demand in different applications such as photography and cosmetics is anticipated to lay significant growth opportunities in the global gelatin market. Moreover, the hike in the demand from the pharmaceutical industry is expected to influence the Asia Pacific gelatin market.
The major vendors in the global gelatin market are Darling Ingredients (US), Gelita (Germany), Nitta Gelatin (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine (Netherlands), India Gelatine & Chemicals (India), Lapi Gelatine (Italy), Junca Gelatines (Spain), Sterling Biotech Group (India), Italgelatine (Italy), and Gelnex (Brazil). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. Key industry players such as Darling Ingredients (US) acquired Triple-T Foods Arkansas (US), which is a specialty pet food ingredient company.
The global market for gelatin has been segmented into five key regions viz. North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global market has been dominated by the regional segment of Europe. The regional segmented accounted for a large chunk of the overall market share in 2020 and is expected to continue to dominate the global market over the course of the given period of forecast. The growth of the Europe gelatin market is primarily attributed to the implementation of strict regulatory mandates across region with respect to the control of Bovine Spongiform Encephalopathy. France and Germany are the biggest consumers of gelatin of Europe and thus are chief contributors for the market growth.
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