According to Meticulous Research®, the gelatin market is set to reach $7.46 billion by 2031, with a CAGR of 7.0% from 2024 to 2031. Gelatin, a protein obtained from the partial hydrolysis of collagen in animal tissues, is valued for its gelling, thickening, and stabilizing properties, making it crucial in various applications.
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Industry Applications
Gelatin's applications span multiple sectors. In food and beverages, it is used in products like gummies, marshmallows, and desserts to enhance texture. The pharmaceutical industry relies on gelatin for capsules and supplements due to its biocompatibility. Its use in personal care products further demonstrates its versatility.
Growth Factors
The gelatin market is driven by increased pharmaceutical applications, growing demand for functional foods, and clean-label product trends. The rising popularity of gelatin-based products among athletes and opportunities in fortified confectionery and sports nutrition are also contributing factors.
Challenges and Trends
Challenges include safety concerns, cultural restrictions, and limitations in extraction and processing technologies. However, rising health and wellness trends and increasing use of gelatin in medical and biomedical applications are shaping the market's future.