Global Gelatin Market Is Expected To Foresee Significant Growth During The Forecast. Europe To Witness The Highest Growth
Global Gelatin Market is expected to reach the market valuation of US$ 4,254.3 million by 2026 expanding at a reasonable CAGR of 7.88% during the forecast period (2021-2026) from US$ 2,714.9 million in 2019. Gelatin is a multifunctional ingredient used in foods, pharmaceuticals, cosmetics, and photographic films as a gelling agent, stabilizer, thickener, emulsifier, and film former.
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The gelatin market is driven by various factors such as surging health awareness, growing demand for convenience, changing lifestyles, and urbanization. Also, the developing food processing industry and general lifestyle diseases have driven a paradigm shift in consumers towards the demand for nutraceuticals and functional foods, since these food categories aid in averting age-related diseases. However, stringent rules and regulations and food safety concerns are expected to hinder the growth of the gelatin market.
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Gelatin acts as a superfood in which glycine makes up to approximately 35% of the amino acid profile. It has anti-inflammatory properties and helps the body heal wounds, inhibit tumor growth, promote recovery from strokes and seizures, and improve overall memory. Consumers of gelatin are preferring high protein products, thereby boosting the gelatin market growth. According to data based on U.S. Census data and Simmons National Consumer Survey (NHCS), 152.44 million Americans consumed flavored gelatin desserts in 2019.
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The most common and essential sources of extraction of gelatin include pig skin, bovine hides, cattle bones, and others. The pigskin segment dominated the market in 2019 owing to the substantial amount of collagen in it and the utilization in the large-scale processing of gelatin. In April 2020, China accounted for the largest number of pigs followed by the European Union and the United States. The various functions where gelatin is utilized include stabilizers, gelling, thickener, and others. The stabilizer segment is expected to dominate the market during the forecast period and grow at a CAGR of 16.3%. The gelatin is majorly used in dairy products as a stabilizer to increase and modify the texture such as ice-creams, yogurt, and other dairy products.
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There are several end-user industries wherein gelatin is utilized. Food & beverage, nutraceuticals, pharmaceuticals, photography, and personal care some of the major end-users. The food & beverage industry dominated the market in 2019 and is anticipated to maintain its dominance during the analyzed period. Gelatin is compatible with a wide variety of foods and ingredients. However, the photography industry is expected to grow at the highest CAGR during the forecast period. The bonding property of gelatin in making the roll of film with some of the gelatin’s other versatile properties continues to be crucial to photography. After the exposure of the film to light and capturing the image, gelatin contributes to its development and printing.
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Additionally, the report provides detailed initiatives that are being taken in the field of gelatin. The market is classified into distinct regions including North America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United Kingdom), Asia-Pacific (China, Japan, India, South Korea, and Australia), and the Rest of the World. Europe generated revenue of US$ 1,074.2 million in 2019. However, the APAC region is expected to witness the highest CAGR growth of 9.72% during the forecast period 2021-2026.
Tessenderlo Group, Rousselot, Capsugel Inc., Catalent Pharma Solutions, Nitta Gelatin, GelTech Solutions, Gelita AG, Ewald Gelatine, Weishardt Group, Gelnex are some of the prominent players operating in the global gelatin market. Several M&A’s along with partnerships have been undertaken by these players to develop gelatin.
Global Gelatin Market Segmentation
Market Insight, by Extraction Material
- Pig Skin
- Bovine Hides
- Cattle Bones
Market Insight, by Function
Market Insight, by End-User
- Food & Beverage
- Personal Care
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Tessenderlo Group
- Capsugel Inc.
- Catalent Pharma Solutions
- Nitta Gelatin
- GelTech Solutions
- Gelita AG
- Ewald Gelatine
- Weishardt Group