What Are the Success Factors for Companies in the $7.46 Billion Gelatin Market?
Meticulous Research®'s report projects the global gelatin market to grow to $7.46 billion by 2031, with a CAGR of 7.0% from 2024 to 2031. Gelatin, a protein sourced from animal connective tissues, is valued for its gelling, thickening, and stabilizing properties, making it essential in various sectors including food and beverages, pharmaceuticals, and personal care.
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Diverse Applications
Gelatin's role spans multiple industries. In food and beverages, it is a key ingredient in products such as gummies, marshmallows, and desserts, where it imparts desirable texture and structure. The pharmaceutical and nutraceutical industries rely on gelatin for its biocompatibility in capsules and health supplements. Additionally, gelatin's utility in cosmetics underscores its multifunctionality.
Drivers of Growth
The gelatin market is expanding due to increased pharmaceutical applications, rising demand for functional and convenience foods, and the shift towards clean-label products. Athletes' consumption of gelatin-based products and opportunities in fortified confectionery and sports nutrition also contribute to market growth.
Market Challenges and Trends
The market faces challenges including safety concerns, cultural restrictions, and technology limitations in gelatin processing. However, there is a growing emphasis on health and wellness, with increasing use of gelatin in medical and biomedical applications.
Leading Companies
Prominent players in the gelatin market include Rousselot, Weishardt, GELITA AG, Nitta Gelatin Inc., ITALGEL S.p.A., Lapi Gelatine S.p.a., Tessenderlo Group NV, Trobas Gelatine B.V., Ewald-Gelatine GmbH, Juncà Gelatines SL, Gelnex, Shanghai Al-amin Biotech Co., Ltd, India Gelatin & Chemicals Ltd., C.J. Gelatine Products Limited, and Luohe Wulong Gelatin Co. Ltd.
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