Gelatin Global Market Opportunities And Strategies To 2034

The gelatin market is segmented by raw material into pig skin, bovine hides and cattle bones. The pig skin market was the largest segment of the gelatin market segmented by raw material, accounting for 40.85% or $1.25 billion of the total in 2024. Going forward, the pig skin segment is expected to be the fastest growing segment in the gelatin market segmented by raw material, at a CAGR of 7.54% during 2024-2029.

The gelatin market is segmented by function into thickener, stabilizer and gelling agent. The stabilizer market was the largest segment of the gelatin market segmented by function, accounting for 42.43% or $1.3 billion of the total in 2024. Going forward, the gelling agent segment is expected to be the fastest growing segment in the gelatin market segmented by function, at a CAGR of 7.48% during 2024-2029.

The gelatin market is segmented by application into food and beverages, nutraceuticals, pharmaceuticals, personal care, photography and other applications. The food and beverages market was the largest segment of the gelatin market segmented by application, accounting for 52.23% or $1.6 billion of the total in 2024. Going forward, the nutraceuticals segment is expected to be the fastest growing segment in the gelatin market segmented by application, at a CAGR of 8.46% during 2024-2029.

Western Europe was the largest region in the gelatin market, accounting for 30.87% or $951.22 million of the total in 2024. It was followed by North America, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the gelatin market will be Asia Pacific and Middle East where growth will be at CAGRs of 7.64% and 6.98% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 6.98% and 6.94% respectively.

The global gelatin market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 24.51% of the total market in 2023. Gelita AG was the largest competitor with a 7.97% share of the market, followed by Darling Ingredients Inc. with 5.35%, PB Leiner (subsidiary of Tessenderlo Group). with 4.16%, Nitta Gelatin Inc. with 1.83%, Weishardt International (SAS Gelatines Weishardt). with 1.59%, Nippi Inc. with 1.26%, Suheung Co. Ltd. with 0.80%, Narmada Gelatines Limited with 0.63%, Foodmate Co. Ltd. with 0.55% and Pioneer Jellice India Private Ltd. with 0.37%.

The top opportunities in the gelatin markets segmented by raw material will arise in the pig skin segment, which will gain $551.6 million of global annual sales by 2029. The top opportunities in the gelatin markets segmented by function will arise in the stabilizer segment, which will gain $528.88 million of global annual sales by 2029. The top opportunities in the gelatin markets segmented by application will arise in the food and beverages segment, which will gain $683.19 million of global annual sales by 2029. The gelatin market size will gain the most in USA at $277.68 million.

Market-trend-based strategies for the gelatin market include development of innovative bioprinting resins to advance medical and pharmaceutical applications, strategic investments to expand their production capacities, strategic partnerships approach to develop advanced logistics solutions, developing fast setting gelatin to enhance product efficiency in food, pharmaceutical and confectionery applications and developing innovative and sustainable capsule solutions.

This report describes and explains the gelatin market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global gelatin market reached a value of nearly $3.08 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.79% since 2019. The market is expected to grow from $3.08 billion in 2024 to $4.33 billion in 2029 at a rate of 7.07%. The market is then expected to grow at a CAGR of 6.35% from 2029 and reach $5.9 billion in 2034.

Growth in the historic period resulted from the growing health consciousness, expansion of sports nutrition industry, surge in demand for high-protein diets and favorable government initiatives. Factors that negatively affected growth in the historic period were sustainability pressures and supply chain disruptions due to regulatory measures.

Going forward, the growth of the cosmetic and personal care industry, rising meat and processed food consumption, rising demand in the food and beverage industry and rising demand from the pharmaceutical industry will drive the growth. Factor that could hinder the growth of the gelatin market in the future include stricter animal welfare regulations and price volatility.

Player-adopted strategies in the gelatin market include focus on expanding its business capabilities through new product launch and partnerships.

To take advantage of the opportunities, the analyst recommends the gelatin companies to focus on expanding gelatin-based bioprinting innovations for medical applications, focus on strategic capacity expansion to meet rising demand, focus on fast-setting gelatin to improve processing efficiency and product performance, focus on diversifying capsule solutions to serve nutraceutical and supplement demand, focus on the pig skin segment to maximize growth potential in gelatin production, focus on the gelling agent segment to capture high-growth opportunities, expand in emerging markets, focus on strategic partnerships to strengthen market reach and innovation, focus on value-based tiered pricing to align with end-use applications, strengthen technical promotion to target high-value industrial buyers, expand digital promotion to build awareness among emerging consumer segments and focus on the nutraceuticals segment to capture high-growth demand.

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