Global Gelatin Market Is Expected To Foresee Significant Growth During The Forecast. Europe To Witness the Highest Growth

Global Gelatin Market is expected to reach the market valuation of US$ 4,254.3 million by 2026 expanding at a reasonable CAGR of 7.88% during the forecast period (2021-2026) from US$ 2,714.9 million in 2019. Gelatin is a multifunctional ingredient used in foods, pharmaceuticals, cosmetics, and photographic films as a gelling agent, stabilizer, thickener, emulsifier, and film former.

The gelatin market is driven by various factors such as surging health awareness, growing demand for convenience, changing lifestyles, and urbanization. Also, the developing food processing industry and general lifestyle diseases have driven a paradigm shift in consumers towards the demand for nutraceuticals and functional foods, since these food categories aid in averting age-related diseases. However, stringent rules and regulations and food safety concerns are expected to hinder the growth of the gelatin market.

Gelatin acts as a superfood in which glycine makes up to approximately 35% of the amino acid profile. It has anti-inflammatory properties and helps the body heal wounds, inhibit tumor growth, promote recovery from strokes and seizures, and improve overall memory. Consumers of gelatin are preferring high protein products, thereby boosting the gelatin market growth. According to data based on U.S. Census data and Simmons National Consumer Survey (NHCS), 152.44 million Americans consumed flavored gelatin desserts in 2019.

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The most common and essential sources of extraction of gelatin include pig skin, bovine hides, cattle bones, and others. The pigskin segment dominated the market in 2019 owing to the substantial amount of collagen in it and the utilization in the large-scale processing of gelatin. In April 2020, China accounted for the largest number of pigs followed by the European Union and the United States. The various functions where gelatin is utilized include stabilizers, gelling, thickener, and others. The stabilizer segment is expected to dominate the market during the forecast period and grow at a CAGR of 16.3%. The gelatin is majorly used in dairy products as a stabilizer to increase and modify the texture such as ice-creams, yogurt, and other dairy products.

There are several end-user industries wherein gelatin is utilized. Food & beverage, nutraceuticals, pharmaceuticals, photography, and personal care some of the major end-users. The food & beverage industry dominated the market in 2019 and is anticipated to maintain its dominance during the analyzed period. Gelatin is compatible with a wide variety of foods and ingredients. However, the photography industry is expected to grow at the highest CAGR during the forecast period. The bonding property of gelatin in making the roll of film with some of the gelatin’s other versatile properties continues to be crucial to photography. After the exposure of the film to light and capturing the image, gelatin contributes to its development and printing.

Additionally, the report provides detailed initiatives that are being taken in the field of gelatin. The market is classified into distinct regions including North America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United Kingdom), Asia-Pacific (China, Japan, India, South Korea, and Australia), and the Rest of the World. Europe generated revenue of US$ 1,074.2 million in 2019. However, the APAC region is expected to witness the highest CAGR growth of 9.72% during the forecast period 2021-2026.

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Tessenderlo Group, Rousselot, Capsugel Inc., Catalent Pharma Solutions, Nitta Gelatin, GelTech Solutions, Gelita AG, Ewald Gelatine, Weishardt Group, Gelnex are some of the prominent players operating in the global gelatin market. Several M&A’s along with partnerships have been undertaken by these players to develop gelatin.

Global GelatinMarket Segmentation

Market Insight, by Extraction Material

Pig Skin

Bovine Hides

Cattle Bones

Others

Market Insight, by Function

Stabilizer

Gelling

Thickener

Others

Market Insight, by End-User

Food & Beverage

Nutraceuticals

Pharmaceuticals

Photography

Personal Care

Others

Market Insight, by Region

North America

United States

Canada

Rest of North America

Europe

France

Germany

Italy

Spain

United Kingdom

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Australia

Rest of Asia-Pacific

Rest of World

Top Company Profiles

Tessenderlo Group

Rousselot

Capsugel Inc.

Catalent Pharma Solutions

Nitta Gelatin

GelTech Solutions

Gelita AG

Ewald Gelatine

Weishardt Group

Gelnex

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The Gelatin Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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