Gelatin Market Size, Share & Trends Analysis Report By Source (Bovine, Porcine), By Function (Stabilizer, Thickener), By Application (Food & Beverages, Healthcare), By Region, And Segment Forecasts, 2023 - 2030

Gelatin Market Size, Share & Trends Analysis Report By Source (Bovine, Porcine), By Function (Stabilizer, Thickener), By Application (Food & Beverages, Healthcare), By Region, And Segment Forecasts, 2023 - 2030

Gelatin Market Growth & Trends

The global gelatin market size is expected to reach USD 13.14 billion by 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the growing inclusion of gelatin in functional as well as convenience food products around the world.

Gelatin is majorly used in food and beverage products, along with its application in healthcare, cosmetics, and many other applications. The increasing product demand from food & beverage sector for functional food & beverages application is projected to drive the market. In addition, the demand for immunity booster supplements saw a sharp rise after the outbreak of the COVID-19 pandemic. This trend is expected to continue and thus likely to positively impact the market positively for functional food over the forecast period.

The future development of the market is highly characterized by the increasing use of the product for encapsulating pharmaceuticals and nutraceuticals. Moreover, rising demand for nutraceuticals to address health issues, such as deficiency of essential minerals and vitamins, is expected to augment the market progress over the forecast period.

Due to the disruption of supply chains after the outburst of the COVID-19 pandemic, there was a shortage of raw materials which are used in the production of gelatin, which impacted the profitability of small-scale and large-scale manufacturers across the globe at the beginning of 2020. However, food & beverage industry being essential, witnessed a positive market growth across regions, and thus positively impacting the market growth.________________________________________

Gelatin Market Report Highlights

• Marine source witnessed the fastest growth rate of 11.1%, owing to the increasing popularity of marine, especially fish sourced products, as an alternative to traditional bovine and porcine based products due to the high concentrations of amino acids and protein in it
• The food & beverages application witnessed the fastest growth rate of 10.4%, due to the growing awareness among consumers regarding healthy and nutritious diets coupled with increasing disposable income, which is expected to augment the demand for energy drinks and processed foods, which, in turn, is expected to fuel the demand for gelatin as a supplement in food & beverages application
• The use of gelatin in various functional beverages witnessed a high growth rate of 11.2%, owing to the increasing consumption of functional beverage products globally coupled with the vast product applicability in these beverages
• Gelling agent function witnessed the fastest growth of approximately 10.6%, on the account of increasing demand for food-containing gelling agents such as gelatin desserts, aspic, trifles, marshmallows, candy corn, peeps, fruit snacks, gummy bears and jelly bellies among consumers globally
• Asia pacific region of the global market witnessed the highest growth of more than 10.9%, this is attributable to the presence of numerous product manufacturers coupled with the availability of raw materials on a large scale

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