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Fish Gelatin Market Size
- Report ID: GMI11857
- Published Date: Oct 2024
- Report Format: PDF
Fish Gelatin Market Size
The global fish gelatin market size was valued at USD 295.1 million in 2023 and is projected to expand at over 5.7% CAGR from 2024 to 2032, due to increasing demand for alternative gelatin sources.
According to the Food and Agriculture Organization (FAO) of the United Nations, global fish production reached 179 million tonnes in 2018, with aquaculture accounting for 46% of the total. This abundant supply of fish provides a sustainable source for gelatin production. The U.S. Food and Drug Administration (FDA) recognizes fish gelatin as Generally Recognized as Safe (GRAS), contributing to its widespread use in food, pharmaceuticals, and cosmetics. The European Food Safety Authority (EFSA) also confirms the safety of fish gelatin for human consumption.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Fish Gelatin Market Size in 2023: | USD 295.1 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 5.7% |
| 2024 – 2032 Value Projection: | USD 483 Million |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 235 |
| Tables, Charts & Figures: | 165 |
| Segments covered: | Form, functionality, application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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As reported by the National Oceanic and Atmospheric Administration (NOAA), the U.S. seafood industry generated USD 255 billion in sales impacts and supported 1.8 million jobs in 2019, indicating a robust market for fish-derived products. The versatility of fish gelatin, coupled with its appeal to halal, kosher, and pescatarian consumers, positions it for continued growth across various industries, particularly in Asia-Pacific, Europe, and North America.
The fish gelatin market is experiencing growth driven by several factors. According to the Food and Agriculture Organization of the United Nations (FAO), global fish production reached 179 million tonnes in 2018, with aquaculture accounting for 46% of the total. This increased fish production provides a substantial raw material base for fish gelatin. The U.S. Food and Drug Administration (FDA) recognizes fish gelatin as Generally Recognized as Safe (GRAS), supporting its use in food and pharmaceutical applications.
The European Food Safety Authority (EFSA) also confirms the safety of fish gelatin, further promoting its adoption. The National Institutes of Health (NIH) reports that fish gelatin is a viable alternative for individuals with bovine or porcine gelatin allergies, expanding its potential market. These factors, combined with the growing demand for natural and clean-label ingredients in various industries, are driving the market's expansion globally.
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Fish Gelatin Market Scope
