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Market Overview
The global gelatin
market size was valued at USD 3.07 billion in 2023 and is projected to grow
from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of
7.03% during the forecast period.(2024-2032)
This information is provided by Fortune Business Insights,
in its report titled, “Gelatin Market, 2024-2032.”
Segments
Porcine Gelatin to Hold Largest Share Owing to its Higher Nutrient
Content
Based on source, the market is segmented by porcine, bovine, and others.
Porcine segment witnessed strong sales performance over other sources
since they are less expensive. Besides, the issue of possible fraud and
mislabeling has become a concern among consumers.
Growing Use of the Product in Food & Beverages Propels Gelatin
Market Growth
The application segment includes food & beverages, healthcare &
pharmaceutical, cosmetics, and others. The food and beverage segment holds a
larger share owing to the growing usage of the product in food production to
prepare snacks, candies, gummy bears, desserts, and other products.
The market is categorized into North America, Europe, Asia Pacific,
South America, and the Middle East & Africa in terms of geography.
Report Coverage
The report provides a comprehensive study of market segments and a
detailed market overview. It offers a thorough evaluation of current market
trends and future opportunities. Additionally, the report includes an extensive
analysis of regional insights and their contribution to market growth. The
impacts of COVID-19 are discussed to help investors and business owners
understand potential market threats. Furthermore, the report examines key
players and their prominent strategies to maintain a leading position.
Source: https://www.fortunebusinessinsights.com/gelatin-market-107012
Driving Factors
Expanding Use of Gelatin in Healthcare and Pharmaceutical Industries
Will Fuel Market Expansion
The increase in chronic and lifestyle-related disorders, a growing
elderly population, and heightened health consciousness have all driven the
rising usage of the product in the pharmaceutical industry. The market is
expanding due to greater focus on healthcare, driven by rising healthcare
costs. Additionally, the product is often associated with benefits such as
weight loss and the treatment of brittle bones, rheumatoid arthritis, and
osteoarthritis.
Regional Insights
Europe to Dominate Backed by Increasing Prevalence of Bone-Related
Diseases
The largest revenue for gelatin market share, which was valued at USD
1.08 billion in 2021, was contributed by Europe. The expansion of the European
market is anticipated to be fueled by the rising prevalence of bone-related
illnesses.
Due to the movement in consumer desire from traditional items to more
health-oriented products, the food and beverage industry dominates the North
American market.
Asia Pacific is anticipated to have the market's fastest growth rate.
The region's market is expanding as a result of increased chronic disease
occurrences and an aging population.
Competitive Landscape
Partnerships among Companies to Secure their Brand Values in the Global
Market
Leading market players are continually adopting effective strategies to
promote their products and strengthen their market positions. One such strategy
involves launching new products through partnerships with other companies to
expand their reach to end-users.
Key Industry Development
January 2022: According to a report from Darling Ingredients Inc., the Terasaki
Institute for Biomedical Innovation (TIBI), a regenerative medicine research
Centre with Californian base, has teamed with the company's global brand,
Rousselot Health. With this agreement, the businesses are concentrating on
developing gelatin-based medicines that will eventually find use in clinical
settings.
List of Key Players Covered in the Report
Market Overview
The global gelatin
market size was valued at USD 3.07 billion in 2023 and is projected to grow
from USD 3.20 billion in 2024 to USD 5.51 billion by 2032, exhibiting a CAGR of
7.03% during the forecast period.(2024-2032)
This information is provided by Fortune Business Insights,
in its report titled, “Gelatin Market, 2024-2032.”
Segments
Porcine Gelatin to Hold Largest Share Owing to its Higher Nutrient
Content
Based on source, the market is segmented by porcine, bovine, and others.
Porcine segment witnessed strong sales performance over other sources
since they are less expensive. Besides, the issue of possible fraud and
mislabeling has become a concern among consumers.
Growing Use of the Product in Food & Beverages Propels Gelatin
Market Growth
The application segment includes food & beverages, healthcare &
pharmaceutical, cosmetics, and others. The food and beverage segment holds a
larger share owing to the growing usage of the product in food production to
prepare snacks, candies, gummy bears, desserts, and other products.
The market is categorized into North America, Europe, Asia Pacific,
South America, and the Middle East & Africa in terms of geography.
Report Coverage
The report provides a comprehensive study of market segments and a
detailed market overview. It offers a thorough evaluation of current market
trends and future opportunities. Additionally, the report includes an extensive
analysis of regional insights and their contribution to market growth. The
impacts of COVID-19 are discussed to help investors and business owners
understand potential market threats. Furthermore, the report examines key
players and their prominent strategies to maintain a leading position.
Source: https://www.fortunebusinessinsights.com/gelatin-market-107012
Driving Factors
Expanding Use of Gelatin in Healthcare and Pharmaceutical Industries
Will Fuel Market Expansion
The increase in chronic and lifestyle-related disorders, a growing
elderly population, and heightened health consciousness have all driven the
rising usage of the product in the pharmaceutical industry. The market is
expanding due to greater focus on healthcare, driven by rising healthcare
costs. Additionally, the product is often associated with benefits such as
weight loss and the treatment of brittle bones, rheumatoid arthritis, and
osteoarthritis.
Regional Insights
Europe to Dominate Backed by Increasing Prevalence of Bone-Related
Diseases
The largest revenue for gelatin market share, which was valued at USD
1.08 billion in 2021, was contributed by Europe. The expansion of the European
market is anticipated to be fueled by the rising prevalence of bone-related
illnesses.
Due to the movement in consumer desire from traditional items to more
health-oriented products, the food and beverage industry dominates the North
American market.
Asia Pacific is anticipated to have the market's fastest growth rate.
The region's market is expanding as a result of increased chronic disease
occurrences and an aging population.
Competitive Landscape
Partnerships among Companies to Secure their Brand Values in the Global
Market
Leading market players are continually adopting effective strategies to
promote their products and strengthen their market positions. One such strategy
involves launching new products through partnerships with other companies to
expand their reach to end-users.
Key Industry Development
January 2022: According to a report from Darling Ingredients Inc., the Terasaki
Institute for Biomedical Innovation (TIBI), a regenerative medicine research
Centre with Californian base, has teamed with the company's global brand,
Rousselot Health. With this agreement, the businesses are concentrating on
developing gelatin-based medicines that will eventually find use in clinical
settings.
List of Key Players Covered in the Report
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