Northbrook, IL 60062 -- (SBWIRE) -- 09/07/2023 -- The gelatin market is poised for rapid growth in the coming years, with its value expected to surge from $3.7 billion in 2023 to a substantial $5.1 billion by 2028, representing a notable compound annual growth rate (CAGR) of 6.6% from 2023 to 2028. This remarkable expansion can be attributed to the worldwide increase in the aging population, which in turn is driving the demand for medicines due to the rising incidence of chronic disorders.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=850

Plant Sources Take the Lead

Among the various sources of gelatin, plant sources are expected to capture the fastest-growing market share. Gelatin derived from plant sources is projected to exhibit an impressive CAGR of 7.9% during the forecast period. The surge in the vegan population has prompted several market players to introduce plant-based gelatin and derivative products, responding to the growing demand for non-mammalian gelatin, particularly in the food industry.

Type A Gelatin Dominates

Gelatin production involves either acidic or alkaline treatment of raw materials, such as bovine hide and skin, pork skin, and fish & poultry skin, resulting in two types of gelatins: Type A and Type B. In 2023, Type A gelatin is anticipated to dominate the market due to its extensive use in the food and beverages industry.

Speak to Analyst

Europe Leads the Way

In 2023, Europe held a substantial market share of USD 1.3 billion, with a projected CAGR of 6.1% during the forecast period (2023-2028) in the gelatin market. The European Commission reported that the food processing industry accounted for a significant portion of the region's manufacturing sector in 2021, representing about 14.2% of the total turnover. Notably, exports of wine and pork from Europe reached USD 11.4 billion in 2020. The European market benefits from a strong presence of food and beverage companies, ample availability of raw materials, and a high reliance of the European population on these sources, all of which contribute to the market's growth in the region.

Key Players in the Gelatin Market

Prominent 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). These companies play a crucial role in shaping the dynamic landscape of the gelatin industry.

Browse Other Food & Beverages Domain Reports:

Dietary Fibers Market by Source (Fruits & Vegetables, Cereals & Grains, Legumes, Nuts & Seeds), Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, Other Application) & Region - Global Forecast to 2027

Brewery Equipment Market by Equipment Type, Brewery Type (Macrobrewery, Craft brewery), Mode of Application (Manual, Automatic and Semi-automatic), and Region (North America, Asia Pacific, Europe and RoW) - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441