Market Overview
The global gelatin market was valued at USD 3.07 billion In 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.03%, reaching USD 5.51 billion by 2032. The market is projected to rise from USD 3.20 billion in 2024. Europe led the global gelatin market in 2023, accounting for a dominant 41.04% share. In the U.S., the gelatin market is also anticipated to see strong growth, with its value estimated to reach USD 602.32 million by 2032. This growth is largely driven by increasing consumer demand for natural and clean-label ingredients across industries such as food and beverages, cosmetics, and more.
The gelatin market is growing fast, mainly because more people are interested in functional foods and drinks, and because gelatin is used more in medicines and cosmetics. People also want products with clear labels and gelatin is used in things like pasta, yogurt, and cosmetics. Gelatin is a popular ingredient in food because it helps keep food stable, gives it a good texture, and helps it foam.
During the pandemic, more people were cooking and baking at home, which made the demand for gelatin go up. To meet this demand, companies are creating new products. For example, PB Leiner introduced Textura Tempo Ready in August 2020. This new gelatin is clean, doesn't have any extra ingredients, is made from gelatin only, and it's easier to use than regular gelatin.
This information comes from Fortune Business Insights in their report, “Gelatin Market, 2024-2032.”
List of Key Players Covered in the Report
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.