Gelatin Market
Gelatin Market
The market for Gelatin was estimated at $3.40 billion in 2024; it is anticipated to increase to $5.1 billion by 2030, with projections indicating growth to around $7.2 billion by 2035.
Global Gelatin Market Outlook
Revenue, 2024 (US$B)
$3.4B
Forecast, 2034 (US$B)
$6.7B
CAGR, 2024 - 2034
7.0%
Market Key Insights
- The Gelatin market is projected to grow from $3.4 billion in 2024 to $6.7 billion in 2034. This represents a CAGR of 7%, reflecting rising demand across Food Industry, Pharmaceutical Industry and Cosmetics & Personal Care.
- U.S. and China are the top markets within the Gelatin market and are expected to observe the growth CAGR of 4.5% to 6.7% between 2024 and 2030.
- Emerging markets including Vietnam, Mexico and Turkey are expected to observe highest growth with CAGR ranging between 8.0% to 9.7%.
- The Gelatin market is set to add $3.3 billion between 2024 and 2034, with manufacturer targeting Pharmaceutical & Cosmetics Applications projected to gain a larger market share.
- With Food and beverage industry growth, and Advancements in pharmaceutical applications, Gelatin market to expand 97% between 2024 and 2034.
Opportunities in the Gelatin
Economies like India, China, and Brazil are exhibiting growing trends in the gelatin market. This growth is fuelled by increased meat consumption, leading to higher production of gelatin and its by-products.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Food and Beverage Industry Growth, and Expanding Nutraceutical Market
Restraint: Regulatory Hurdles
Opportunity: Expanding Gelatin Applications in Health & Wellness Industry and Technological Innovations in the Gelatin Market
Challenge: Vegan and Vegetarian Trend
Supply Chain Landscape
Raw Material Procurement
Darling Ingredients
Sioux Pharm
Extraction
Gelita AG
Tessenderlo Group
Processing & Standardization
Weishardt International
Nitta Gelatin
Distribution & End Use
Capsugel
Rousselot via Confectionery
Pharmaceuticals
Nutraceuticals
Raw Material Procurement
Darling Ingredients
Sioux Pharm
Extraction
Gelita AG
Tessenderlo Group
Processing & Standardization
Weishardt International
Nitta Gelatin
Distribution & End Use
Capsugel
Rousselot via Confectionery
Pharmaceuticals
Nutraceuticals