Global Gelatine Market Outlook
According to a new report by Expert Market Research titled “Global Gelatine Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global gelatine market grew substantially in 2023. Aided by the augmenting demand for gelatine in various food products, pharmaceuticals, and cosmetics, along with the rise in popularity of fortified gummies and nutraceuticals, the market is projected to further grow at a CAGR of 5.5% between 2024 and 2032.
Gelatine, obtained from collagen present in animal tissues, predominantly finds its usage as a gelling agent in the food industry. It’s widely incorporated into products like marshmallows, candies, jellies, and even some dairy-based desserts. Beyond its culinary applications, gelatine plays a pivotal role in the pharmaceutical industry for capsule formation, and in the cosmetics industry, thanks to its moisture-retaining and film-forming attributes.
The escalating global consumption of convenience and packaged food items is one primary driver stimulating the gelatine market growth. With lifestyles becoming more fast-paced and hectic, consumers are continually looking for easy-to-consume food options, and gelatine-based products, such as ready-to-eat jellies and desserts, fit this bill perfectly. Moreover, the emerging trend of consuming fortified gummies as a source of vitamins and minerals has added a new dimension to the gelatine demand curve.
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Diversifying applications of gelatine in different sectors significantly contribute to gelatine market demand. In the pharmaceutical arena, gelatine capsules are widely preferred owing to their easy digestibility and versatility in drug delivery. The cosmetics sector, on the other hand, leverages gelatine’s capability to retain moisture, which is a crucial attribute in skin hydration products. Its film-forming property also aids in the development of top-tier hair and skincare products.
Another propelling factor for the market is the burgeoning demand for nutraceuticals. As health awareness grows globally, consumers are actively seeking out supplements that promote wellness. As per the gelatine market analysis, gelatine-based nutraceuticals, with their easy-to-consume formats like gummies, have gained significant traction, especially among the younger demographic who prefer chewable supplements over traditional pills.
In the realm of food and beverages, the soaring demand for clean-label products, coupled with the consumer shift towards natural ingredients, places gelatine at the forefront. Being derived from natural sources and possessing no synthetic additives, gelatine is viewed as a superior alternative to many artificial gelling agents. This natural perception has further solidified its position in the food industry and further adds value to the gelatine market size.
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Gelatine Market Segmentation
The market can be divided based on raw material, end use, and region.
Market Breakup by Raw Material
- Pig Skin
- Bovine Hides
- Bone
- Others
Market Breakup by End Use
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Photography
- Cosmetics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global gelatine market. Some of the major players explored in the report by Expert Market Research are as follows:
- Gelita AG
- SAS Gelatines Weishardt
- Nitta Gelatin, NA Inc
- Rousselot BV
- PB Leiner
- Others
FAQs:
What is the predicted increase charge of the gelatine market?
- In the forecast period spanning 2024-2032, the gelatine market is predicted to develop at a Compound Annual Growth Rate (CAGR) of 5.5%.
What are the number one marketplace drivers?
- The key drivers of the market encompass elements such as an growing older population, improved disposable incomes, particularly in rising markets, growing recognition of fitness and well-being, and the expanding packages of the product across diverse industries.
What are the huge trends inside the gelatine marketplace?
- The marketplace is witnessing extensive increase, driven significantly by means of multiplied research and development sports.
Which regions are prominent inside the gelatine marketplace, as per the market report?
- The major areas in the marketplace are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
What are the number one raw substances utilized in gelatine manufacturing?
- Raw substances for the product consist of pig pores and skin, bovine hides, bone, and others.
What are the important give up-use segments for the gelatine marketplace?
- Gelatine reveals widespread programs in various industries, together with meals and beverage, prescribed drugs and nutraceuticals, images, cosmetics, among others.
Who are the important thing players in the gelatine market, in line with the record?
- Major players inside the market consist of Gelita AG, SAS Gelatines Weishardt, Nitta Gelatin, NA Inc, Rousselot BV, PB Leiner, amongst others.
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