Anticipated to attain a market value of $7.46 billion by 2031, the gelatin market is expected to grow at a 7% CAGR from 2024 to 2031. The market's expansion is driven by the burgeoning application of gelatin in pharmaceuticals, the increasing popularity of functional and convenient food and beverages, and the demand for clean-label products. Additionally, the consumption of gelatin-based products by athletes is on the rise. Despite these positive trends, safety concerns and cultural restrictions may hinder market growth.
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Key Drivers of Market Growth:
• Growing use in pharmaceuticals
• Rising demand for functional food and beverages
• Increasing preference for clean-label products
• Consumption by athletes
Despite these positive trends, market growth is hindered by safety concerns and cultural restrictions. However, the market is expected to find new growth avenues in fortified confectionery and sports nutrition products.
Key Trends:
• Health and wellness focus
• Medical and biomedical applications of gelatin
The report lists leading market players:
• Rousselot (Darling Ingredients Inc.)
• Weishardt
• GELITA AG
• Nitta Gelatin Inc.
• ITALGEL S.p.A.
• Lapi Gelatine S.p.a.
• Tessenderlo Group NV
• Trobas Gelatine B.V.
• Ewald-Gelatine GmbH
Market Segmentation:
• Type: Type A and Type B
• Source: Animal and Plant
• Function: Stabilizers, Thickeners, Gelling Agents
• Application: Food & Beverages, Personal Care, Pharmaceuticals, Nutraceuticals
Regional Insights:
• Europe: Expected to dominate the market with a 39.2% share in 2024.
• Asia-Pacific: Forecasted to grow at a rapid pace of 8.5% due to expanding food manufacturing and processing industries.
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