The global gelatin market will grow to USD 5.1 billion by 2028 and 3.7 billion by 2023, growing at a CAGR of 6.6% during the forecast period. The wider application scope, multiple functionalities, and clean-label claim are eventually driving the global gelatin market growth. With rising health consciousness among consumers and demand for “free-from” food products, the gelatin market is expected to rise. Due to its high protein content, there has also been an increasing demand for gelatin from the nutraceutical and sports nutrition segments.
Changing lifestyles, food habits, the adoption of western food habits, an increase in demand for functional ingredients in food products, and an increase in industrial activity leading to the need for process enhancement have contributed to the development of the gelatin market in developing economies. Emerging economies such as the Asia Pacific, South Africa, the Middle East, South America, and Eastern European countries provide excellent opportunities for the gelatin market growth.
Europe had a market share of USD 1.3 billion in 2023, and the market is projected to grow with a CAGR of 6.1% during the forecast period (2023-2028)
The consumer buys food and beverage based on taste, safety, and cost. The strong growth of the food processing industry of Europe has supported the growth of the gelatin market. The presence of many food & beverage companies presents the European gelatin market a prominent consumer base. This ample availability of raw materials and the high dependence of European population on these sources pose as drivers for the growth of the gelatin market in the region.
The presence of a few gelatin manufacturers such as Gelita A.G. (Germany), PB Leiner (Belgium), Trobas Gelatine B.V. (Netherlands), and Lapi Gelatine S.P.A. (Italy) is expected to drive the market for gelatin in Europe. Companies operating in the region also invest in product launches, joint ventures, and acquisitions to meet the growing demand from the food, beverage, and pharmaceutical industries. This ample availability of raw materials and the high dependence of the European population on these sources pose drivers for the growth of the gelatin market in the region.
Key players in this market include Darling Ingredients (US), Tessenderlo Group (Belgium), Nitta Gelatin, Inc. (Japan), Gelita AG (Germany), Weishardt (France), Lapi Gelatine Spa (Italy), India Gelatine & Chemicals Ltd. (India), Trobas Gelatine B.V. (Netherlands), Sterling (India), Roxlor (US), Suheung (South Korea), and Ewald Gelatin GmbH (Germany).
