The global gelatin market is rapidly expanding, with a market size of USD 5.86 billion in 2021 and is expected to register a revenue CAGR of 9.6% during the forecast period. This growth is largely attributed to the increasing usage of gelatin in the pharmaceutical and healthcare sectors, as well as its high demand in functional food applications. Gelatin has the ability to prevent several diseases, improve food quality, and is used in food fortification, making it a versatile product with numerous applications.
Gelatin is derived from collagen, a natural protein present in skin and bones, and is commonly used as an excipient in the manufacture of hard capsules and soft gels. In addition, gelatin aids in the protection of sensitive substances against air, light, microbial development, and other forms of contamination, making it an essential component in various industries. There are two forms of gelatin used as a binder in tablets, non-gelling and gelling. Gelling gelatin is utilized in compression after the powder has been granulated and has a higher gel strength, which offers tablets cohesion, resilience, and hardness, and disintegrates at a slower rate. This makes it a preferred choice for tablets that require sustained release formulations.
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Further key findings from the report suggest
The report reveals that gelatin is a crucial ingredient in a wide range of food products, especially in bakery items. It is used to balance out the fluid limit of various pastry kitchen items, such as cream fillings, icing, coatings, and marshmallows. Gelatin is also utilized with whipped fixings and mousses for its stabilizing and beating functions. In canned food items like hams, it is used to solidify the juices that get suspended between the preparing stages.
The food and beverage market accounts for the largest market share of 31.50% in 2020, and it is estimated to reach USD 1.40 billion by 2028 at a CAGR of 6.4%. This is due to gelatin's extensive range of applications in food and essential nutritional value. Additionally, gelatin is a vibrant protein source, making it a preferred ingredient in functional and nutritious food and beverage products. The growing demand for these products has led to an increase in the demand for gelatin.
Bovine skin accounts for the largest market share of 29.29% in 2020, with an estimated value of USD 1.30 billion by 2028 at a CAGR of 6.4% during the forecast period. Bovine skin is used as a raw material due to its high levels of fibrous content and peptide.
Key Players covered in this report are:
The global market is highly competitive with a fragmented landscape, featuring several key players operating on both global and regional levels. These key players are actively engaged in product development and forming strategic alliances to expand their product portfolios and gain a stronger foothold in the global market.
Some major companies that are profiled in the market report include GELITA AG, Rousselot, Juncà Gelatines SL, Nitta Gelatin, Inc., Echemi Holding Company Limited, Tessenderlo Group, India Gelatine Chemicals Ltd, Sterling, Lapi Gelatine S.p.A., and Inizio. These companies are some of the leading manufacturers of gelatin and gelatin-based products and have a significant presence in the global market.
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Gelatin Market Segmentation:
The functions of gelatin are diverse and are determined by its Bloom value. High Bloom value gelatin is used as a thickener, while low Bloom value gelatin is used as a stabilizer. Gelatin can also be used as a gelling agent and has various other applications.
The gelatin market has a wide range of applications, including food, confectionery, bakery, nutritional products, beverages, dairy products, meat products, pharmaceuticals, and others. Gelatin is widely used in food products such as marshmallows, gummy bears, and desserts, and is also used in the pharmaceutical industry to produce capsules and coatings.
The sources of gelatin include porcine, bovine skin, bovine bone, fish, and poultry. Each source has its unique characteristics and is used depending on the desired end product.
The gelatin market is segmented across various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions have unique market dynamics and are influenced by factors such as government regulations, consumer preferences, and technological advancements.
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