"Global Gelatin Market Opportunities: 2024-2031 Forecast"

Author : Pallavi Garudkar | Published On : 10 Jul 2024

The gelatin market is projected to exceed $7.46 billion by 2031, with a CAGR of 7% during the forecast period from 2024 to 2031. This growth is primarily attributed to the increasing use of gelatin in pharmaceuticals, the rising demand for functional and convenience food and beverage products, and the growing preference for clean-label products.

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Meticulous Research® has published an insightful report on the "Gelatin Market Size, Share, Forecast, & Trends Analysis by Type (Type A, Type B), Source (Animal, Plant), Function (Stabilizers, Gelling Agents), Application (Food & Beverages, Personal Care, Pharmaceuticals, Nutraceuticals)—Global Forecast to 2031."

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
  • 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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