According to the latest report by IMARC Group, titled "Gelatin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global gelatin market reached a volume of 447,300 Tons in 2021. Gelatin is present in the collagen found in bone, connective tissues and skin of cows and pigs. It is a flavorless and colorless animal protein that is generally obtained by boiling ligaments, skin and tendons with water. It aids in improving the appearance of hair and skin due to the presence of amino acids. As a result, it is utilized in the manufacturing of personal and skin care products. Additionally, it is used as a food additive across the food and beverage sector owing to its excellent physical properties, such as high dispersibility, affinity, low viscosity and dispersion stability. Along with this, it also exhibits water binding and emulsifying properties, due to which it is extensively utilized across the pharmaceutical and cosmetic industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Gelatin Market Trends:
The global market is primarily driven by the increasing product demand across the food and beverage industry. This is supported by the rising utilization of gelatin in the preparation of confectioneries and bakery items. Moreover, the increasing usage of the gelatin in the production of nutritional and dietary supplements is creating a positive outlook for the market. Furthermore, leading manufacturers and sellers are heavily investing in the launching of vegan gelatin variants in the market due to the shifting inclination of the masses toward leading a vegan lifestyle and the increasing preference for clean label products. This, in turn, is providing an impetus to the market growth on the global level. Other factors, including the easy product availability via online and offline organized channels and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a volume of 496,470 Tons by 2027, growing at a CAGR of 1.66% during 2022-2027.
- On the basis of the raw material, the market has been segmented into pig skin, bovine hides, bones and other sources. Among these, pig skin is currently dominating the market segment.
- Based on the end-use, the market has been segregated into food and beverages, nutraceuticals, pharmaceuticals, photography, cosmetics and others. Presently, the food and beverage sector accounts for the leading market share.
- On the basis of the region, the market has been divided into Europe, North America, Asia, South America and others. Currently, Europe holds the leading market position.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Gelita AG (Formerly DGF Stoess), Rousselot SAS, PB Gelatin (Tessenderlo Group),Sterling Biotech Ltd, Weishardt Group , Nitta Gelatin.
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