Meticulous Research® recently published a comprehensive report titled “Gelatin Market Size, Share, Forecast, & Trends Analysis by Type, Source, Function, and Application – Global Forecast to 2031.” The report reveals that the global gelatin market is set to surpass $7.46 billion by 2031, with a projected compound annual growth rate (CAGR) of 7% from 2024 to 2031. Key drivers of this growth include the increased use of gelatin in pharmaceuticals, the rising demand for functional food products, and consumer interest in clean-label items. However, cultural and safety concerns present challenges to broader adoption.
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Opportunities in Fortified and Sports Nutrition Products
The potential of gelatin in fortified foods and sports nutrition is expected to offer significant opportunities for industry stakeholders. Despite the promising outlook, challenges in extraction and processing remain, limiting expansion in some regions. Additionally, evolving consumer focus on health and wellness is pushing new applications in the medical and biomedical fields.
Key Industry Players
Leading companies in the gelatin market include Rousselot (Netherlands), Weishardt (France), GELITA AG (Germany), Nitta Gelatin Inc. (Japan), and ITALGEL S.p.A. (Italy). These companies are vital contributors to the market’s growth trajectory, engaging in innovations and expansions to cater to the expanding consumer demand.
Market Segmentation and Analysis by Type
The gelatin market is segmented by type, source, function, application, and geography. The type A gelatin segment is expected to hold a substantial 54.5% share of the market by 2024 due to its widespread use in the food and beverage industry. Type A gelatin’s nutritional benefits and ability to enhance product texture contribute to its popularity. This segment is also forecasted to grow at the fastest rate, 7.4%, during the forecast period.
Dominance of Animal-Sourced Gelatin
Animal-sourced gelatin, primarily from bovine and porcine sources, is anticipated to make up over 91.2% of the gelatin market by 2024. The abundance and cost-effectiveness of animal-based gelatin drive this dominance. The plant-sourced gelatin segment, however, is growing rapidly due to increasing veganism and consumer awareness regarding health and environmental impact.
Applications Across Food & Beverages
Gelatin is extensively used in food & beverages, accounting for over 51.3% of the market share. Its unique gelling properties make it valuable in dairy, confectionery, and meat products, and it also serves as a protein source in functional foods. Demand is particularly high in Europe due to its rising health awareness and aging population.
Regional Trends
In 2024, Europe is projected to hold a dominant 39.2% share of the global gelatin market. However, Asia-Pacific is expected to grow at the highest rate, driven by factors such as the growing food processing industry, rising awareness of nutrition, and increasing personal care expenditure in countries like China and India.
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