The global gelatin market is anticipated to grow at a high speed in the years to come. The gelatinous products market value is anticipated to reach up to USD 3.6 billion in the year 2023, with a CAGR (Compound Annual Growth Rate) of about 6.6%. The market was evaluated at around USD 2.6 billion in the year 2018.
As per the reports by MRFR, the global gelatin market is anticipated to acquire a substantially larger market size during the review timeframe while flourishing at healthy CAGR.
Gelatin refers to a type of organic protein produced by processing animal collagen. It is manufactured by boiling together several fats of animals such as pigs and cows. Gelatine is mainly used as a thickening agent in several industries such as pharmaceuticals, food beverages, and beauty personal. The global Gelatin Market has witnessed massive growth in recent years. The market's growth is mainly attributed to the increasing demand for gelatin in the nutraceutical and sports nutrition industries. The growing adoption of gelatin across biomedical and medical industries worldwide is another crucial aspect likely to accelerate the growth of the gelatin market over the review timeframe. On the other hand, the number of alternatives available in the market is likely to hinder the growth of the gelatin market.
The global Jensen Gelatin market has an intensely competitive landscape with many players spread across several regions. The market players adopt several new strategies such as mergers, acquisitions, partnerships, and product launch to strengthen their global market footprint. The list of leading players in the global gelatin market includes Italgelatine (Italy), Junca Gelatines (Spain), India Gelatine Chemicals (India), Trobas Gelatineare (Netherlands), Tessenderlo Group (Belgium), Gelita (Germany), Nitta Gelatin (India), Weishardt (France), Darling Ingredients (U.S.), Gelnex (Brazil), Lapi Gelatine (Italy), and many others.
Market Segment Analysis:
The global gelatin market has been divided into numerous segments based on application, source, type, and region.
The gelatin market is split into Type B and Type A based on type.
Based on the source, the gelatin market is bifurcated into animal bones, swine skin, bovine skin, and others.
Based on application, the global gelatin market is split into dairy frozen desserts, bakery confectionery, food beverages, personal care, sweet savory snacks, beverages, pharmaceuticals, nutraceuticals, and others.
The global Gelatin (bovine) market is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world.
The European region is divided into Germany, France, the UK, Spain, Italy, etc. The regional gelatin market is projected to record the highest market revenue over the review timeframe from 2022 to 2027. The growing adoption of gelatin is driving the regional market's growth as a low-carb and functional diet alternative.
The North American region is further divided into Mexico, the U.S., and Canada.
The Asia-Pacific region includes Japan, China, Indonesia, Australia, New Zealand, India, etc. The regional gelatin market will exhibit the fastest growth over the forecasted era. The regional market's growth is propelled by the demand for high-protein foods across the region. The countries like India and China are considered the central gelatin markets across the globe.
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