Gelatin Market Latest Trends, Growth, Opportunities and Forecast 2023

Gelatin is manufactured by the partial hydrolysis of collagen obtained from the connective tissues of various animals such as pigs, cattle, fish, and poultry. It has multiple applications across various industries including food & beverage, pharmaceutical, photography, biomedical, personal care, and other technical areas. MarketsandMarkets expects the global market to grow from USD 2.6 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 6.6% during the forecast period

The porcine segment is estimated to dominate the market for gelatin in 2018. Pigskin contains a high amount of collagen proteins, which are partially hydrolyzed to derive gelatin. Pig-sourced gelatin manufacturing requires a short period for pretreatment and generates lesser wastewater as compared to other sources. Hence, the reduced time period for gelatin extraction along with the high content of protein is attributed to the growth of the gelatin market.

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The food segment is projected to dominate the global gelatin market. Gelatin provides a desirable texture in confections such as marshmallows, jellies, aspics, candies, soft gummy candies, nutritional bars, and toffees. Moreover, it is considered a clean label ingredient and highly rich in protein, which makes gelatin an ideal ingredient to be used in food & beverage products. Therefore, the rising demand for nutritional and functional food & beverage products has been fueling the demand for gelatin worldwide.

In terms of geographic coverage, the gelatin market is segmented into four regions, namely, North America, Asia Pacific (APAC), Europe, and RoW. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. This is owing to the rising consumer awareness about the health benefits of functional and nutritional food & beverage products. Also, the region’s improved consumer lifestyles over the past decade and the need for dietary & fortified food followed by advancements in the food & beverage industry have presented opportunities in terms of new applications and usage for gelatin. Another factor is the densely populated countries of the region that are not completely tapped by gelatin companies.

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With the rising population and growing processed food & beverage consumption, a lot of packaging material is being utilized. The major part of this packaging material is plastic, which ends up in a landfill and is non- degradable. The non-degradable waste material became a major environmental challenge. The increasing level of environmental consciousness leads to the demand for an alternative/substitute for petroleum-based or plastic materials. Many public and industrial sector businesses are focusing on the manufacturing of alternative plastic materials such as bioplastic and biopolymers. Gelatin is the preferred biomaterial used to produce packaging films. It is one of the naturally occurring biopolymers used to manufacture gelatin-based edible film due to its film-forming property. Thus, the usage of gelatin as a potential biodegradable packaging material for food & beverage products creates an opportunity for the market.