Executive Summary:

The global gelatin market is expected to grow at a significant rate in the coming years due to the increasing demand for gelatin in the food and beverage industry. Gelatin is a protein-rich substance that is derived from animal sources and has a wide range of applications in the food, pharmaceutical, and cosmetic industries. The market is characterized by the presence of a large number of players who are constantly innovating to cater to the changing needs of consumers.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

• The global gelatin market was valued at USD 2.8 billion in 2020 and is projected to reach USD 3.9 billion by 2026, growing at a CAGR of 5.4% during the forecast period.
• The food and beverage industry is the largest application segment of the gelatin market, accounting for over 60% of the total market share.
• The Asia Pacific region is the largest market for gelatin, followed by North America and Europe.
• The increasing demand for functional and fortified foods is expected to drive the growth of the gelatin market in the coming years.

Market Drivers:

• Growing demand for gelatin in the food and beverage industry due to its functional properties, such as gelling, stabilizing, and emulsifying.
• Increasing demand for natural and organic ingredients in the food and beverage industry.
• Growing demand for collagen-based products in the pharmaceutical and cosmetic industries.

Market Restraints:

• Concerns over the use of animal-derived products in food and beverage products.
• Availability of plant-based alternatives to gelatin.

Market Opportunities:

• Increasing demand for halal and kosher certified gelatin products.
• Growing demand for collagen supplements in the nutraceutical industry.
• Rising demand for gelatin in the biotechnology industry.

Market Dynamics:

The gelatin market is highly competitive, with a large number of players operating in the market. The key players in the market are constantly innovating to cater to the changing needs of consumers. The market is characterized by the presence of both large and small players. The larger players have a dominant position in the market, due to their strong distribution networks and brand recognition. However, smaller players are also able to compete by offering niche products and catering to the needs of specific customer segments.

Regional Analysis:

The Asia Pacific region is the largest market for gelatin, accounting for over 40% of the total market share. This is due to the high demand for gelatin in the food and beverage industry in countries such as China and India. North America and Europe are also significant markets for gelatin, due to the presence of a large number of players in the region.

Competitive Landscape:

Leading Companies in the Gelatin Market:

1. Rousselot (Darling Ingredients Inc.)
2. Gelita AG
3. Nitta Gelatin Inc.
4. PB Gelatins GmbH (Tessenderlo Group)
5. Weishardt
6. Sterling Gelatin
7. Tessenderlo Group
8. Ewald-Gelatine GmbH
9. Lapi Gelatine S.p.a.
10. Narmada Gelatines Limited

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The global gelatin market can be segmented based on type, source, application, and region. Based on type, the market can be segmented into type A, type B, and others. Based on source, the market can be segmented into bovine, porcine, fish, and others. Based on application, the market can be segmented into food and beverage, pharmaceuticals, nutraceuticals, and others.

Category-wise Insights:

• Bovine gelatin is the largest segment in the source category, accounting for over 40% of the total market share.
• Type A gelatin is the largest segment in the type category, accounting for over 60% of the total market share.
• The food and beverage industry is the largest application segment, accounting for over 60% of the total market share, due to the high demand for gelatin in the production of confectionery products, dairy products, and meat products.

Key Benefits for Industry Participants and Stakeholders:

• The growing demand for gelatin in the food and beverage industry provides opportunities for manufacturers to develop new products and expand their market presence.
• The increasing demand for collagen-based products in the pharmaceutical and cosmetic industries provides opportunities for manufacturers to diversify their product portfolio.
• The rising demand for halal and kosher certified gelatin products provides opportunities for manufacturers to cater to the needs of specific customer segments.

SWOT Analysis:

Strengths:

• Versatile applications of gelatin in various industries.
• High protein content and functional properties of gelatin.
• Increasing demand for natural and organic ingredients in the food and beverage industry.

Weaknesses:

• Concerns over the use of animal-derived products in food and beverage products.
• Availability of plant-based alternatives to gelatin.

Opportunities:

• Growing demand for halal and kosher certified gelatin products.
• Increasing demand for collagen supplements in the nutraceutical industry.
• Rising demand for gelatin in the biotechnology industry.

Threats:

• Increasing competition from plant-based alternatives to gelatin.
• Stringent regulations regarding the use of animal-derived products in food and beverage products.

Market Key Trends:

• Growing demand for functional and fortified foods.
• Increasing demand for collagen-based products in the pharmaceutical and cosmetic industries.
• Rising demand for halal and kosher certified gelatin products.

Covid-19 Impact:

The Covid-19 pandemic has had a mixed impact on the gelatin market. While the demand for gelatin in the food and beverage industry has remained strong, the demand for gelatin in the pharmaceutical and cosmetic industries has been affected due to the disruption in the supply chain and the closure of manufacturing facilities. However, the market is expected to recover in the coming years, as the situation improves.

Key Industry Developments:

• Rousselot has launched a new range of gelatin products, which are specifically designed for use in sports nutrition products.
• GELITA AG has introduced a new gelatin product, which is derived from pig skin and is suitable for use in pharmaceutical and nutraceutical products.
• Nitta Gelatin Inc. has expanded its production capacity by opening a new gelatin manufacturing facility in Brazil.

Analyst Suggestions:

• Manufacturers should focus on developing new products and expanding their market presence, particularly in the Asia Pacific region.
• Manufacturers should cater to the growing demand for halal and kosher certified gelatin products.
• Manufacturers should focus on developing collagen-based products for the pharmaceutical and cosmetic industries.

Future Outlook:

The gelatin market is expected to grow at a significant rate in the coming years, driven by the increasing demand for gelatin in the food and beverage industry. The market is also expected to benefit from the growing demand for collagen-based products in the pharmaceutical and cosmetic industries. However, the market may face challenges due to the increasing competition from plant-based alternatives to gelatin.

Conclusion:

The gelatin market is a highly competitive market, characterized by the presence of a large number of players. The market is expected to grow at a significant rate in the coming years, driven by the increasing demand for gelatin in the food and beverage industry. Manufacturers should focus on developing new products and expanding their market presence, particularly in the Asia Pacific region. They should also cater to the growing demand for halal and kosher certified gelatin products and focus on developing collagen-based products for the pharmaceutical and cosmetic industries.