The gelatin market is predicted to grow at a moderate CAGR of 5.8% during the forecast period covering 2022 to 2032. The gelatin market share is estimated to reach a value of nearly US$ 5.9 Billion by 2032, expanding from US$ 3.1 Billion in 2021.
Gelatin, which is produced by partially hydrolyzing collagen from bovine, porcine, chicken, and even marine sources, is becoming more and more popular. Additionally, end-users have options thanks to the market’s availability of natural gelatin, which is often found in sheets and powder form. Gelatin is used in many different kinds of food and beverage items because of its exceptional gelling, stabilising, and foaming properties. Increased demand for pasta, salads, yoghurt, ice cream, jams, and jellies worldwide can be linked to rising gelatin sales as a commercial food stabiliser. The world’s population growth and rising consumption are expected to increase the market share of gelatin in the near future.
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2549
Global gelatin market development is likely to be aided by:
- rising demand for gelatin in confectionery and desserts in HORECA sector
- increased sales of gelatin as a food ingredient to enhance rheological qualities in cuisines and fast food
- owing to easy access to consumables, long-established meat processors like as JBS, Tyson Foods, Inc., and Cargill, incorporated in the United States and Canada
- existence of strict restrictions set by the European Commission is projected to remain stagnant in terms of growth in demand for gelatin.
Competitive Landscape:
Major players contributing to the growth of global gelatin market growth includes Darling Ingredients, Tessenderlo Group, Nitta Gelatin, Gelita, Weishardt, Italgelatine, Lapi Gelatine, Gelinex, Junca Gelatines, Torbas Gelatine, and India Gelatine & Chemicals among others.
Gelatin market key players are constantly investing and engaging in ongoing research to generate high-quality and pure products that can also be tailor-made to meet specific customer demands. Furthermore, gelatin business promoters tend to achieve global presence through powerful sales networks, including third-party distribution channels across the countries.
Recent Developments in the Global Gelatin Market
- SelJel, which is a Turkish gelatine manufacturer, has been bought by Gelita AG. Gelita AG is predicted to be bolstering its status as the gelatin industry’s world leader with this joint venture agreement.
- Textura, which is a new line of texturizers supplied by PB Leiner, was unveiled in the recent past. It’s a high-end texturizer that doesn’t have a competitor on the market is completely pure gelatin which needs far less handling and saves close to 50% of time for both manufacturers and home customersusing it.
- DRG Gelatin is a new medicinal gelatin made available in the market by Nitta Gelatin Company that was launched last year. Inside its soft capsule application, the product was created expressly to suppress cross linking processes and improve dissolving of the active ingredient.
How is the Segmentation Outlook for the Gelatin Market?
- The total growth of the global gelatin market figured out in terms of absolute Dollars is closed to be around US$ 2.5 Billion through the 10 years of forecast timeframe.
- On the basis of various sources of gelatin, porcine is the highest grossing segment for the gelatin market players that is projected to grow a rate of 5.7% over the forecast years of 2022 to 2032.
- Though there are several applications of the natural gelatin available in the present market, food segment is still the major contributing segment for the global gelatin market share with an estimated growth rate of 5.8% over the forecast years.
- United States gelatin market is the dominant market in terms of total value. US gelatin market size is operating at about US$ 1.2 Billion in the present year 2022.
- Asia Pacific region is the best performing market among the five broad geographical regions growing contributed by China, Japan and South Korea with CAGRs of 5.2%, 4.2%, and 3.8% respectively.
Key Segments:
· 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)
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/2549
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]