The Gelatin Substitute Market A Lucrative Investment Opportunity for Health-conscious Consumers and Ethical Investors | FMI

The Gelatin Substitute Market is expanding, driven by the growing desire for vegetarian and plant-based substitutes. This expansion is being motivated by clients who are concerned about their health and are seeking out ethically and nutritionally sound options. The market’s large selection of sustainable products is projected to fuel future growth.

Gelatin substitutes are progressively replacing gelatin items, which are derived from animal bones together with skin, tendons, cartilage, ligaments, and hooves. Many companies have found that gelatin alternatives are better solutions for their products as the number of vegans and vegetarians worldwide rises. The market for gelatin substitutes is projected to develop at a compound yearly growth rate of 14.4% and reach a value of US$ 4.0 billion by 2032.

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Agar agar is the most popular and extensively used gelatin substitute in the food industry. The flavourless gelling component comes in powder, flakes or bar form and is manufactured from boiled and pressed seaweed. When used in any recipe, the product gels without the need for refrigeration and takes about an hour to set.

Another well-known gelatin alternative is carrageen, sometimes referred to as Irish moss and another type of seaweed. Raw forms of this substance can be found in coastal waters close to North America, France, and Ireland. It produces gels and puddings that are softer. However, pectin, which is present in apple cell walls, is essentially a fibre. The product creates a gel-like substance when heated and combined with sugars and acids, creating a

“Increasing demand for vegan packaged food and bakery products, along with ongoing expansion in the food and beverage sector across emerging economies will fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• Based on product type, sales of agar agar are expected to remain high over the forecast period.
• In terms of applications, demand in the food industry will continue gaining traction.
• The U.S. will continue dominating the North America gelatin susbtitutes market, owing to high demand for vegan alternatives.
• Japan will account for a dominant share in the East Asia gelatin susbtitutes market over the forecast period due to high production and consumption volume of agar agar.
• Demand in the U.K. gelatin substitute market will increase at a considerable pace amid surging adoption of vegan bulking agents in food products.
• Demand for gelatin substitutes grew at 12.7% CAGR between 2017 and 2021.

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Competitive Landscape

Key gelatin substitutes brands are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions and collaborations with food and beverage manufacturers to gain a competitive edge in the market.

NOW Foods, Tilley Company, The Agar Company (B&V SRL), AGARMEX, S.A. DE C.V., and Java Biocolloid (Hakiki Group) are expected to be the top players in the global gelatin substitutes market.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global gelatin substitutes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (agar-agar, carrageen, pectin, corn-starch, xanthan gum, guar gum, arrowroot, instant clear gel, kudzu, and others), packaging type (bag, bottle, box, pouch, and others), flavor (unflavoured and flavoured), product form (capsules, gummies, powders, soft gels, and others), application (food industry, pharmaceutical industry, cosmetics and personal care industry, dietary supplements, microbiology and plant propagation, and others), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

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The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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