Gelatin Market Trend Analysis and Forecast Report, 2022-2028

1. Global Gelatin Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028

2. Global Gelatin Market- Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Gelatin Market was worth USD 2.4 billion in the year 2022. It is estimated to grow at a CAGR of 4.3%, earning revenue of around USD 5.9 billion by the end of 2028. The significant growth of the Global Gelatin Market is attributed to urbanization, changing lifestyles, rising consumption of protein-rich food, expanding Food and Beverage industry, rapid technological innovation, and increasing usage of Gelatin in the food industry to make marshmallows, fruit snacks, candy, desserts, gummy bears, cheesecakes, jelly chocolates, and other gelatin-based snacks.

3. Growth Drivers Expanding Usage of Gelatin in Medicine and Cosmetics Application. The increasing usage of gelatin in the cosmetic industry and medicine owing to its various benefits acts as a major driving factor for the growth of the Global Gelatin Market. Gelatin is useful to make an outer shell for hard and soft capsules to protect the contents from light, microbial growth, and atmospheric oxygen followed by masking taste and odor. Moreover, gelatin is used as a gelling agent in shampoos, body lotions, bath salts, bubbles, sunscreens, and face creams owing to its health benefits such as enriched with protein, and amino acid content that helps to improve hair, and skin problems.

4. Restraints  Safety Concerns among Vegetarian Consumers. Gelatin is a by-product obtained by slaughtering animals which leads to concern among vegetarian people, thus, vegetarian people fear buying gelatin-based products which restrains the growth of the Gelatin market. Moreover, gelatin is tasteless, and some people find it disgusting to  consume because of its unpleasant taste, and it can cause allergic reactions in some people. Gelatin is considered an incomplete protein that lacks the essential amino acid, which might lead to reducing the demand for Gelatin among some consumers thereby restraining the growth of the Global Gelatin Market.

5. Impact of COVID-19 The sudden outbreak of coronavirus disease (COVID-19) rapidly spread across the globe, which affected negatively the Global Gelatin Market. The worldwide lockdown impacted the global economy, supply chains, health, and quality of life of people. People are more concerned about food consumption and buying new products during the pandemic which decline the demand for gelatin. Moreover, due to the economic crisis, government-imposed social distancing norms, which led to shortage of raw materials,  thereby halting  the production of gelatin which negatively impacted the growth of the Global Gelatin Market. However, post-pandemic, there is a surge in demand for healthy and nutritional processed food products which in turn increases the demand for Global Gelatin Market during the forecast period (2023-2028).

6. Regional Insights Geographically, the Global Gelatin Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The Europe segment accounts to hold the largest share in the market owing to the urbanization, and rising purchasing power of consumers, development in the food as well as healthcare industry in this region. Moreover, the wide availability of raw materials and key gelatin manufacturing are driving the growth of the Global Gelatin market during the forecast period.

7. Competitive Landscape The leading market players in the Global Gelatin Market are Gelita (Germany), Darling Ingredients (US), Nitta Gelatin (Japan), Weishardt (France), India Gelatine &Chemicals (India), Tessenderlo Group (Belgium), TrobasGelatine (Netherlands), Italgelatine (Italy), Sterling Biotech Group (India), LapiGelatine (Italy), gelnex (Brazil), JuncaGelatines (Spain), and Other Prominent Players. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/global-gelatin-market/report-sample

8. Recent Development In May 2021, Darling Ingredients Inc. announced that its Rousselot brand expanded its range of purified, pharmaceutical-grade, and modified gelatin with the launch of X-Pure Geldat-Gelatin- gelatin Desaminotyrosine.

9. Key Players Gelita (Germany), Darling Ingredients (US), Nitta Gelatin (Japan), Weishardt (France), India Gelatine &Chemicals (India), Tessenderlo Group (Belgium), TrobasGelatine (Netherlands), Italgelatine (Italy), Sterling Biotech Group (India), LapiGelatine (Italy), gelnex (Brazil), JuncaGelatines (Spain), and Other Prominent Players. 

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