The global gelatin market is expected to grow at a CAGR of 6.6% during the forecast period and reach USD 5.1 billion by 2028, with a market size of USD 3.7 billion by 2023.
This growth can be attributed to the wider application scope, multiple functionalities, and clean-label claim of gelatin. As consumers become more health-conscious and demand "free-from" food products, the gelatin market is expected to continue to rise. Additionally, the nutraceutical and sports nutrition segments have also contributed to the increasing demand for gelatin due to its high protein content.
The gelatin market has been developing in developing economies due to changing lifestyles, food habits, the adoption of western food habits, and an increase in industrial activity leading to the need for process enhancement. This has created excellent opportunities for the gelatin market growth in emerging economies such as the Asia Pacific, South Africa, the Middle East, South America, and Eastern European countries.
Europe had a market share of USD 1.3 billion in 2023 and is projected to grow at a CAGR of 6.1% during the forecast period (2023-2028). The growth of the food processing industry in Europe has supported the growth of the gelatin market, with many food & beverage companies providing a prominent consumer base for the European gelatin market. The ample availability of raw materials and high dependence of the European population on these sources are 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.
Key players in the gelatin 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).
