The gelatin market is forecasted to reach $7.46 billion by 2031, growing at a CAGR of 7% during the period from 2024 to 2031. This robust growth is attributed to the increasing applications of gelatin in the pharmaceutical sector, the rising demand for functional and convenience foods, and the shift towards clean-label products. Athletes' growing consumption of gelatin-based products further supports this trend. However, concerns regarding safety and cultural acceptance may limit market growth.
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Key Drivers of Market Growth:
• Growing use in pharmaceuticals
• Rising demand for functional food and beverages
• Increasing preference for clean-label products
• Consumption by athletes
Despite these positive trends, market growth is hindered by safety concerns and cultural restrictions. However, the market is expected to find new growth avenues in fortified confectionery and sports nutrition products.
Key Trends:
• Health and wellness focus
• Medical and biomedical applications of gelatin
The report lists leading market players:
• Rousselot (Darling Ingredients Inc.)
• Weishardt
• GELITA AG
• Nitta Gelatin Inc.
• ITALGEL S.p.A.
• Lapi Gelatine S.p.a.
• Tessenderlo Group NV
• Trobas Gelatine B.V.
• Ewald-Gelatine GmbH
Market Segmentation:
• Type: Type A and Type B
• Source: Animal and Plant
• Function: Stabilizers, Thickeners, Gelling Agents
• Application: Food & Beverages, Personal Care, Pharmaceuticals, Nutraceuticals
Regional Insights:
• Europe: Expected to dominate the market with a 39.2% share in 2024.
• Asia-Pacific: Forecasted to grow at a rapid pace of 8.5% due to expanding food manufacturing and processing industries.
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