PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603881
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603881
According to Stratistics MRC, the Global Gelatin Market is accounted for $4.0 billion in 2024 and is expected to reach $6.6 billion by 2030 growing at a CAGR of 8.9% during the forecast period. Gelatin is a natural protein derived from collagen, primarily from animal by-products. It is a colorless, tasteless, and odorless substance that gels when dissolved in hot water and cooled. Gelatin is widely used in various industries, including food, pharmaceuticals, cosmetics, and photography, due to its unique gelling, thickening, and stabilizing properties. Gelatin also plays a role in beauty and skincare products, supporting collagen production and improving skin and hair health.
According to the U.S. Department of Agriculture (USDA), commercial cow slaughtering in the year 2020 witnessed a decline of 2% in numbers compared to 2019.
Increasing demand for convenience and functional foods
Gelatin is a crucial component of convenience meals, which are becoming more and more popular as a result of hectic lifestyles and improves the texture, shelf life of convenience meals like desserts and snacks by acting as a gelling agent and stabilizer. In line with consumer desires for general well-being, the trend toward health-conscious eating has increased demand for functional foods, with gelatin being utilized more frequently in products that enhance skin elasticity, joint health, and digestion.
Use of animal-derived gelatin
The gelatin market faces challenges due to ethical and religious concerns, as many consumers, particularly vegetarians, vegans, and those following certain religious practices, avoid animal-derived products. This limits market potential in certain regions and demographics. Additionally, the growing environmental impact of animal farming has led some consumers to prefer plant-based or synthetic alternatives, challenging the traditional reliance on animal by-products in the gelatin market.
Expansion in pharmaceutical applications
Gelatin capsules are a popular option for medication administration because of their capacity to effectively encapsulate liquid or powdered compositions. The need for gelatin capsules is being driven by the expanding pharmaceutical sector, namely in the areas of nutritional supplements and customized medicine. Additionally, gelatin contributes to efficient medication delivery methods by acting as a coating and binder in tablets, granules, and powders driving the market growth.
Fluctuating raw material supply and prices
Gelatin is primarily made from animal by-products like collagen-rich skin, bones, and connective tissues. Variations in these materials' availability, influenced by factors like livestock populations, diseases, or regulatory changes, can lead to fluctuating costs. Reduced livestock supply or outbreaks of diseases like BSE can increase raw material costs, directly increasing production costs for gelatin manufacturers and affecting market competitiveness.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the gelatin market. On one hand, disruptions in the supply chain, including raw material shortages and production halts, led to price volatility and supply constraints. On the other hand, the increased demand for pharmaceutical products, such as supplements and vaccines, supported market growth. However, the food service industry saw a decline due to lockdowns and reduced consumer spending on non-essential items. Overall, the market experienced both challenges and opportunities during the pandemic.
The plant source segment is expected to be the largest during the forecast period
Over the forecasted timeframe, the plant source segment is anticipated to dominate the market share, owing to the need for plant-based gelatin substitutes has increased because to the popularity of veganism and vegetarianism. Agar-agar, carrageenan, and pectin are examples of alternatives that have emerged as a result of consumers' desire for products that support their ethical convictions and dietary preferences. Moreover it is anticipated that the move to clean-label goods would increase the variety of plant-based gelatin choices available in foods, drinks, and nutraceuticals boosting the market.
The stabilizer segment is expected to have the highest CAGR during the forecast period
During the projection period, the stabilizer segment is expected to grow at the highest CAGR, as they are essential for enhancing the consistency, texture, and shelf life of goods made using gelatin. Stabilizers are being added by producers to improve the stability and performance of their formulations in response to customers' growing demand for premium foods and drinks with exceptional sensory qualities. Thus the demand for gelatin as a stabilizing ingredient is driven by this trend.
The Asia Pacific region is expected to hold the largest share of the market during the forecast period due to growing demand for processed foods, confectionery, dairy products, and functional foods has driven the expansion of the food and beverage industry. Gelatin, with its gelling, stabilizing, and thickening properties, is essential in creating desired textures in food items like gummy candies and dairy desserts. As health consciousness increases, there is a growing demand for functional foods and dietary supplements, including collagen-based ones, which are driven by gelatin's health benefits.
The North America region is expected to register the highest growth rate over the forecast period, because gelatin is necessary for the manufacturing of soft gels, tablets, and capsules. The usage of gelatin in these products is being driven by the rising demand for health supplements, particularly those that address immunity, joint health, and anti-aging. Furthermore, gelatin's market in North America is boosted by its growing application in encapsulation and drug delivery systems.
Key players in the market
Some of the key players profiled in the Gelatin Market include Darling Ingredients Inc, Gelita AG, Gelnex, Italgel S.r.l, Junca Gelatines SL, Lapi Gelatine S.p.a, Nitta Gelatin, Inc., PAN Biotech GmbH, PB Leiner, Rousselot, Shanghai Al-Amin Biotechnology Co., Ltd., Sterling Biotech Ltd, Tessenderlo Group, Trobas Gelatine B.V. and Weishardt.
In April 2023, Darling ingredients completed acquisition of Brazilian Gelatin and collagen producer gelnex. This acquisition gives Darling immediate capacity to serve the growing needs of its collagen customers, while continuing to serve the growing gelatin market.