Meticulous Research® has published a new report titled, ‘Gelatin Market Size, Share, Forecast, & Trends Analysis by Type, Source, Function, and Application—Global Forecast to 2031.’ According to this report, the gelatin market is expected to grow to over $7.46 billion by 2031, at a CAGR of 7% between 2024 and 2031.

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Major Market Drivers
Several factors are driving the growth of the gelatin market. Key among them are its growing use in the pharmaceutical industry, the rising demand for functional food products, and the increasing popularity of clean-label products. Additionally, athletes are increasingly consuming gelatin-based products, further driving market growth. However, safety concerns and cultural restrictions on gelatin consumption are hindering its acceptance in certain regions.

Challenges and Growth Opportunities
A significant challenge for the gelatin market is the current technological limitations in gelatin extraction and processing. Despite this, new opportunities are arising, particularly in fortified confectionery and sports nutrition products. The trend towards health and wellness is also boosting gelatin’s potential, particularly in medical and biomedical applications.

Top Market Players
Some of the leading companies in the gelatin market include Rousselot, Weishardt, GELITA AG, Nitta Gelatin Inc., ITALGEL S.p.A., Lapi Gelatine S.p.a., Tessenderlo Group NV, and Trobas Gelatine B.V. These companies are key players driving technological innovations and market growth.

Type-Based Segmentation
The market is categorized by type into type A and type B gelatin. In 2024, type A is projected to dominate with a 54.5% share, due to its wide application in food and beverages. Known for improving texture and mouthfeel, type A gelatin is especially useful in desserts and confectioneries. Its popularity is also growing because of its superior gelling abilities and better storage stability, which is expected to fuel a 7.4% CAGR.

Source-Based Segmentation
The gelatin market is divided into animal-sourced and plant-sourced gelatin. Animal-sourced gelatin is anticipated to account for 91.2% of the market in 2024, driven by its affordability and widespread availability. The rise in demand for protein-rich supplements is also fueling this segment. The plant-based gelatin segment, however, is expected to grow the fastest, with a CAGR of 7.6%, as more consumers embrace vegan diets and demand environmentally-friendly products.

Function-Based Segmentation
Stabilizers are expected to lead the market, holding over 40.6% of the total market share. The rising demand for products with enhanced stability and texture is driving this segment. Thickeners are expected to witness the highest growth rate, with a projected CAGR of 7.8%, as the demand for viscosity-enhancing ingredients grows across the food industry, particularly in Asia-Pacific.

Application-Based Segmentation
The food & beverages sector will dominate the gelatin market, capturing over 51.3% of the total market share in 2024. Gelatin’s gelling and stabilizing properties are indispensable in creating the desired textures for food products. However, the nutraceuticals sector is forecasted to grow the fastest, at 8.2%, as consumer interest in wellness products rises.

Regional Market Analysis
Europe will lead the gelatin market, holding 39.2% of the share in 2024. Europe’s aging population and increasing health consciousness are key drivers of demand. The Asia-Pacific region, however, will see the highest growth rate, driven by rapid population growth, industrialization, and increased demand for personal care and nutritional products.

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