The gelatin market is predicted to be worth US$ 3,124.0 million in 2023, rising to US$ 5,394.1 million by 2033. During the projection period, gelatin sales are expected to grow at a strong CAGR of 6.0%.
Gelatin’s gooey characteristics will upgrade its application in the food and refreshment businesses. Gelatin forestalls the water in harsh cream or curds from isolating from different parts, and it keeps sugar from taking shape in marshmallows.
Because of its various applications in the culinary, drug, and restorative enterprises, the Gelatin Market is encountering persistent development. Gelatin, a normally happening protein produced from creature collagen, goes about as a gelling specialist, stabilizer, and thickener. The developing interest for useful and clean-name fixings assists with driving market development.
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Additionally, it keeps marshmallows pliable and soft while increasing viscosity and stabilising foam during production. According to the study, chewable pills, crackers, and candy coatings may contain up to 1% gelatin.
Therefore, the use of gelatin in the creation of chewy, soft sweets will boost sales of gelatin on a global scale. Furthermore, gelatin serves as an emulsifier and extender for items made with reduced-fat margarine.
However, in the U.S., edible gelatin is most commonly used to make gelatin desserts at concentrations of 1.5–2.5%. Hence, gelatin is available pre-mixed with sugar and flavorings or unflavored gelatin packets for this purpose. As per FMI, type A gelatin is the most common type of edible gelatin, thereby, fueling the use in food & beverage industry.
Key Takeaways from Market Study
- The gelatin market is estimated to expand at CAGRs of 5.8% over the forecast period
- Europe gelatin market is expected to hold around 27% of value share in 2022.
- Among the type segment of the gelatin market, type B will witness significant growth during the assessment period
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- North America is expected to dominate the gelatin market and is anticipated to grow with a CAGR of 5.2% over the forecasted period.
- Porcine source is leading source segment, whereas food and beverages is leading end-use application segment.
Competitive Landscape.
Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., India Gelatine & Chemicals, Nitta Gelatin Inc., Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market
Gelatin Market by Category
By Type:
- Type A
- Type B
By Nature:
- Conventional
- Organic
By End-Use Application:
- Protein Bars and Powder
- Food & Beverage
- Confectionery
- Dairy Products
- Meat & Poultry Products
- Desserts
- Beverage
- Others
- Personal Care
- Pharmaceutical
- Nutraceutical
- Photography
- Others
By Source:
- Bovine
- Porcine
- Chicken
- Marine
By Functionality:
- Stabilizer
- Thickener
- Gelling Agent
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
Key Questions Answered in the Report
- How big is the Gelatin Market?
- What is the North America Gelatin Market Outlook?
- At What Rate Will Gelatin Demand Grow in Europe?
- Which Are the Key Countries Shaping the Gelatin Market?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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