Gelatin Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Gelatin Market
The Gelatin Market size was valued at USD 3.07 billion in 2023, and the market is now projected to grow from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of 7.03% during the forecast period of 2024-2032.
The growing chronic diseases and rising health awareness, are working as a driver for high usage of gelatine in pharmaceutical industries, as Gelatine is directly linked to weight loss and treating conditions such as osteoarthritis and brittle bones. Dermatology companies are developing new products with gelatines protein and amino acids, to address the challenge of aging people, with their dropping collagen levels, it helps to build collagen and beneficial for healthy skin, this has led to growth in Gelatin Market Share. In April 2020, Spain’s ISDIN launched SunISDIN Softgel Capsules in the U.S. This capsule is made to prevent oxidative stress and support skin health.
With busy lifestyle and quick purchasing habits, consumers are demanding convenience with their products and services. The healthy eating is trending, as people are preferring to eat functional foods, available with quality and health benefits, eventually boosting the Gelatine Market. Food and Beverage industries are the highest user of Gelatine, it helps in improving flavour, taste, and nutritional value. With growing demand for dietary supplements to improve immunity is also working as driver for market growth.
Comprehensive Analysis of Gelatin Market
The Gelatin Market and Food & Beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the food benefit management industry. These segmentations are methodically segregated By Source Analysis, and By Application Analysis. The types of sources include, Porcine, Bovine, & Others.However, the application includes, Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics, & Others.
Europe is the dominator in the Gelatin Market with total revenue share of USD 1.26 billion in 2023. The region is facing high bone disorders and sport-related injuries among its people, fueling the market growth, and the maximum sales region is getting is from Germany. In Germany consumers are spending huge amount on cosmetics and body care products, and hair care products are using gelatine, due to its benefit for less hair fall and high hair growth, driving the market growth in the Europe.
The top players in the market play a crucial role in the Food & Beverages industry assuring industrial prospectus growth and setting market standards. These players include,Gelita AG (Germany), Darling Ingredients Inc. (U.S.), Nitta Gelatin, Inc. (Japan), Tessenderlo Group (Belgium), Weishardt (France), Trobas Gelatine B.V. (Netherlands), Lapi Gelatine S.p.a. (Italy), Juncà Gelatines SL (Spain), Italgel S.r.l (Italy), Sterling Biotech Ltd. (India), & Gelnex (Brazil), these market players provide a level-playing competitive landscape.
December 2023: A well-known gelatine manufacturers, Darling Ingredients, obtained a patent for its specialised gelatine StabiCaps. With this formulation it is possible to improve the stability of soft gel capsules, which can also be used to produce a variety of range for pharmaceuticals.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.03% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Source
Porcine
Bovine
Others
By Application
Food & Beverages
Healthcare & Pharmaceuticals
Cosmetics
Others
By Geography
North America (By Source, Application, and Country)
- U.S. (By Source)
- Canada (By Source)
- Mexico (By Source)
Europe (By Source, Application, and Country)
- Germany (By Source)
- France (By Source)
- Belgium (By Source)
- Netherlands (By Source)
- U.K. (By Source)
- Rest of Europe (By Source)
Asia Pacific (By Source, Application, and Country)
- China (By Source)
- India (By Source)
- Japan (By Source)
- Australia (By Source)
- Rest of Asia Pacific (By Source)
South America (By Source, Application, and Country)
- Brazil (By Source)
- Argentina (By Source)
- Rest of South America (By Source)
Middle East and Africa (By Source, Application, and Country)
- Turkey (By Source)
- South Africa (By Source)
- Rest of ME&A (By Source)
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