The gelatin global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Gelatin Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The gelatin market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to traditional usage of gelatin in food, pharmaceutical, and cosmetic industries, increased demand for gelatin as a gelling agent and stabilizer, growth awareness of gelatin’s health benefits and nutritional value, expansion of the confectionery and bakery industries, pharmaceutical applications in capsules, coatings, and formulations.
The gelatin market size is expected to see strong growth in the next few years. It will grow to $4.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to adoption of gelatin in clean label and natural ingredient formulations, emphasis on sustainable sourcing and production of gelatin, research and development in gelatin-based biodegradable packaging, demand for gelatin in sports nutrition and joint health supplements, expansion of gelatin applications in 3d printing and tissue engineering. Major trends in the forecast period include halal and kosher certified gelatin, collagen peptides and beauty supplements, functional gummies and supplements, vegan and plant-based gelatin alternatives, microencapsulation with gelatin.
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Scope Of Gelatin Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Gelatin Market Overview
Market Drivers –
The rising demand for gelatin in photography is expected to propel the growth of the gelatin market over the coming years. Gelatin is used in the photographic process as the binding medium for the light-sensitive swelling capacity of gelatin in photographic baths, necessary for the chemical reactions during the processing of the photographic materials. There is demand for photography which is responsible for the growth of the gelatin industry. For instance, according to the US Bureau of Labour Statistics, the employment of photographers is projected to grow 4% from 2022 to 2032, and each year, 13,900 openings new openings are being projected in the photography industry. Therefore, the rising demand for photography drives the gelatin market.
Market Trends –
Technological advancements are a key trend gaining popularity in the gelatin market. Integration of AI provides an opportunity for use of gelatin in various applications. Artificial intelligence technology is used to mimic the sense of olfaction. For example, the Biomolecular Engineering Lab at UCIBIO in Lisbon Nova School of Science and Technology (FCT-NOVA), led by Cecilia showed an example of intelligent gelatin, an innovative engineered material for smelling that has a soft matter in artificial olfaction, an intelligent gas sensing device that mimics the sense of smell. Artificial olfaction involves volatile compounds, that makeup odors and bind to specialized olfactory proteins in the nose. These binding events are responsible for sending electrical signals to the brain, where pattern recognition is performed and the odor is identified. This infusion has a variety of applications such as clinical diagnostics, soft bioelectronics, wearable devices, and robotics
The gelatin market covered in this report is segmented –
1) By Raw Material: Pig Skin, Bovine Hides, Cattle Bones
2) By Function: Thickener, Stabilizer, Gelling Agent
3) By Application: Food and Beverages, Nutraceuticals, Pharmaceuticals, Personal Care, Photography, Other applications
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Regional Insights –
Europe was the largest region in the gelatin market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the gelatin market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the gelatin market include Darling Ingredients Inc., Trobas Gelatine BV, Junca Gelatines SL, Tessenderlo Group, Nitta Gelatin India Ltd., Lapi Gelatine, Rousselot, Gelita AG, Sterling Gelatin, Norland Products Inc., Capsugel Inc., Gelken Gelatin Co Ltd., Jiliding Marine Biotech Co Ltd., Ajinomoto Co Inc., Baotou Dongbao Bio Tech Co Ltd., Hangzhou Qunli Gelatin Chemical Co Ltd., Italgelatine SpA, PAN Biotech GmbH, Shanghai Al-Amin Biotechnology Co Ltd., India Gelatine & Chemicals Ltd., Roxlor LLC, Suheung Capsule Co Ltd., Ewald Gelatin GmbH, PB Leiner, SAS Gelatines Weishardt, Bernard Jensen Products Inc., Kubon Gelatin Pte Ltd., Gelnex Gelatin, Sterling Biotech Ltd., Rousselot SAS
Table of Contents
1. Executive Summary
2. Gelatin Market Report Structure
3. Gelatin Market Trends And Strategies
4. Gelatin Market – Macro Economic Scenario
5. Gelatin Market Size And Growth
…..
27. Gelatin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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