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Gelatin Market Size Forecast to Reach $4.9 Billion by 2026

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Increasing Demand for Gelatin From the Nutraceutical and Sports Nutrition Industrial Segment Are Likely to Aid the Growth of the Gelatin Market.

Gelatin Market size is forecast to reach $4.9 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. Gelatin is a colorless, translucent and flavorless food ingredient. It is made from collagen taken from animal body part such as skin, tendons, ligaments, and others from different animals such as fish, pig, sheep, and bovines among others. It is rich in protein and improve joint and bone health. Gelatin is a natural protein derived from the partial hydrolysis of collagen, which is present in animal skin and bones. Gelatin has unique properties that make it especially useful as a gelling agent, binder, emulsifier, or thickener. Gelatin has a special amino acid sequence that contains a moderately large quantity of glycine, proline, and alsnine. Gelatin's bioactivities are caused by the inclusion of biologically active peptide sequences in its primary structure. Gelatin is used in photographic films and marshmallows. It is available in various form such as capsule, powder, sheets and others. Increasing application of Gelatin in various industries such as food & beverages, pharmaceuticals, dietary supplements, nutraceutical and others are the major factors driving the growth of the market. Increasing consumption of protein-rich food products is set to further enhance the overall market development of the Gelatin Market for the period 2021-2026.

Gelatin Market Segment Analysis – By Source

Porcine held the largest share in the Gelatin Market in 2020 and is estimated to grow at a CAGR 6.8% during the forecast period 2021-2026. Pigskin contains a high concentration of collagen proteins, which are thought to be more stable than gelatin derived from other sources. Porcine gelatine is used as a stabilizer in vaccines to ensure that the vaccine stays healthy and stable during storage. Porcine is estimated to register the higher CAGR over the period 2021-2026.

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Gelatin Market Segment Analysis – By Application

Food & Beverages held the largest share in the Gelatin Market in 2020 and is estimated to grow at a CAGR 7.0% during the forecast period 2021-2026. Gelatin is a high-protein medium that can be used to make functional and nutritious food and beverage products. The growing need for nutritious foods and drinks has boosted the demand for gelatin. Gelatin is a clean label ingredient that is naturally extracted from animal connective tissues. As a result, the customer demand for clean label products is driving the global gelatin industry forward. Food & Beverages are estimated to register the higher CAGR over the period 2021-2026.

Gelatin Market Segment Analysis – By Geography

Europe dominated the Gelatin Market with a major share of 37.3% in 2020. This is attributed to increasing consumption of gelatin in this region. Furthermore, growing urbanization, increasing disposable income of the people coupled with presence of key manufactures in this region is also increasing the growth of the market in this region. However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising demand for nutritional and food and beverage products coupled with increasing preference of the people towards healthy food products. Growing awareness among the consumer about benefits offered by Gelatin is also driving the growth of the market in this region.

Gelatin Market Drivers

Increasing Demand For Functional Food And Beverages

Increasing prevalence of prostate cancer among men is increasing the growth of the Gelatin Market. The functional food industry is witnessing increased demand as customer demands for high-quality food items rise. Gelatin base, which is composed of gelatin powder, starch, and other ingredients, is used in the production of pastries, cakes, and a variety of other specialty food items. Thus, increasing the growth of the Gelatin Market during the forecast period 2021-2026.

Growing Consumption of Gelatin

Increasing consumption of Gelatin is increasing the growth of the Gelatin Market. Gelatin contain high amount of protein so that consumers are preferring high protein products. Gelatin does not contain carbohydrate or fats. A one-ounce container of gelatin powder has about 23 calories and six grams of protein. Gelatin has a unique amino acid sequence and is rich in glycine, proline, and alsnine. Thus, increasing the growth of the Gelatin Market during the forecast period 2021-2026.

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Gelatin Market Challenges

Presence Of Low Quality Products

The presence of low-quality products, as well as the lengthy period required for ingredient clearance, are hampering market development. Furthermore, raw material cost volatility and the nature of alternative products such as agar-agar are further restraining its market growth during the forecast period 2021-2026.

Gelatin Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Gelatin Market. In 2020, the Gelatin Market share is consolidated by the top ten players present in the market. The Gelatin Market, top 10 companies are, Darling Ingredients, Gelita, Nitta Gelatin, Gelnex, Italgelatine, Sterling Biotech Group, Trobas Gelatine, Lapi Gelatine, Junca Gelatines, SAS Gelatines Weishardt.

Key Takeaways

Europe dominated the Gelatin Market in 2020 owing to increasing consumption of functional foods and beverages. The Gelatin Market scope for different regions will be provided in the final report.

Increasing demand for gelatin from the nutraceutical and sports nutrition industrial segment are likely to aid the market growth of the Gelatin Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Gelatin Market report.

Presence of low quality products and variability in raw material prices are challenging the growth of the market.

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Source URL: https://marketersmedia.com/gelatin-market-size-forecast-to-reach-49-billion-by-2026/89037056

Source: MarketersMEDIA

Release ID: 89037056

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