The global gelatin market size reached US$ 3.1 billion in 2021 and is likely to grow at a CAGR of 5.8% during the forecast period (2022-2032), totaling around US$ 5.9 billion by the end of 2032.
Rising demand for fast food and functional foods, increased health consciousness, and application in diverse industries such as pharmaceutical and cosmetics are some of the key factors driving the gelatin market. Growing use of gelatin in culinary, medicinal, and nutritional solutions due to its unique behavioral features will further spur the sales.
Also, with rising health consciousness, demand for supplements is expected to remain high. Hence, key players are focusing on development of soft gel capsules to cater to the growing demand, facilitating the growth in the market.
With rapid expansion of food industry, demand for gelatin is expected to witness an upsurge due to its wide variety of applications and strong nutritional value. Gelatin is a highly nutritious and useful protein source that may be added to food and beverage items. Hence, sales of gelatin are projected to surge as need for nutrient-dense foods and beverages grows. Gelatin is a naturally occurring component that comes from the connective tissues of animals. Thus, the growing demand for clean label products will also fuel the expansion of the global gelatin market.
