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Fish Gelatin Market Trends

Report ID: GMI11857
Published Date: Oct 2024
Report Format: PDF

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Fish Gelatin Market Trends

The fish gelatin industry is experiencing significant growth, driven by various factors. 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 increased fish production provides a substantial source for fish gelatin extraction. The U.S. Food and Drug Administration (FDA) recognizes fish gelatin as Generally Recognized as Safe (GRAS), contributing to its widespread use in food and pharmaceutical applications.

The European Food Safety Authority (EFSA) also confirms the safety of fish gelatin, further supporting market growth. The National Oceanic and Atmospheric Administration (NOAA) reports that U.S. per capita consumption of fish and shellfish was 19.2 pounds in 2019, indicating a growing consumer base for fish-derived products. These factors, combined with the increasing demand for halal and kosher-certified products, clean-label ingredients, and applications in cosmetics and nutraceuticals, are propelling the fish gelatin market forward, with Asia-Pacific emerging as a key growth region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fish gelatin reached USD 295.1 million in 2023 and is set to grow at a 5.7% CAGR from 2024 to 2032, driven by increasing demand for alternative gelatin sources.

The fish gelatin powder segment is poised to surpass USD 188.7 million by 2023, growing at a CAGR of over 5.3% due to its versatility and ease of use across industries.

The fish gelatin industry for gelling agents segment was valued at USD 130.7 million in 2023 and is expected to grow at a 5.3% CAGR from 2024 to 2032, led by its application as a natural, clean-label ingredient in food and beverages.

The Germany market was valued at USD 21.5 million in 2023 and is poised to expand at a 5.5% CAGR from 2024 to 2032, propelled by demand in the food and beverage sector, particularly in confectionery, dairy, and health supplements.

Major players in the industry include Foodchem International Corporation, Kenney & Ross Limited, Lapi Gelatine SPA, Nitta Gelatin NA Inc., Norland Products, Inc., Nutra Food Ingredients, LLC, The St. Food Co., and Weishardt Holding SA.