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Gelatin Market Size

  • Report ID: GMI7028
  • Published Date: Oct 2023
  • Report Format: PDF

Gelatin Market Size

Gelatin Market size was valued at USD 3.31 billion in 2023 and is estimated to witness 1.8% CAGR from 2024 to 2032. As consumers increasingly seek products that are perceived as healthier and more wholesome, gelatin, particularly when derived from sustainable and ethically sourced animal or plant-based sources, is gaining popularity as a versatile and reliable ingredient for creating texture, stability, and functionality in a wide range of products.

 

Additionally, the rising popularity of dietary supplements, gummy vitamins, and fortified foods has further boosted gelatin's demand, as it is often used as a delivery system for these products.

 

The sustainability and ethical concerns in the gelatin market pose a significant challenge as consumers and regulatory bodies increasingly scrutinize the environmental and ethical implications of traditional animal-derived gelatin production. Issues such as factory farming, animal welfare, and the substantial water and land resources required for livestock rearing are raising red flags. This scrutiny can lead to stricter regulations, higher production costs, and a shift in consumer preferences toward alternative sources like plant-based gelatin substitutes or other thickening and gelling agents.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of gelatin reached USD 3.31 billion in 2023 and is set to cross USD 3.78 billion by the end of 2032, led by the rising popularity of dietary supplements, gummy vitamins, and fortified foods.

Gelatin industry from the bovine source segment was valued at USD 1.44 billion in revenue in 2022, owing to wide application in food, pharmaceuticals, and cosmetics.

Asia Pacific market size crossed USD 1.13 billion in 2022, due to the rapidly growing population and higher disposable incomes in the region.

Some of the leading industry players are Nitta Gelatin Inc. (Japan), Gelita AG (Germany), Rousselot Inc. (United States), Trobas Gelatine BV (Netherlands), Nutra Food Ingredients (United States), Gelnex (China), and Zint LLC (United States).

Gelatin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 190
  • Countries covered: 12
  • Pages: 220
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