Lucintel’s latest market report analyzed that gelatin provides attractive opportunities in the food and beverage industry. The gelatin market is expected to grow at a CAGR of 6%-7%. In this market, porcine is the largest segment by source, whereas food and beverage are largest by application.
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Based on source, the gelatin market is segmented into porcine, bovine skin, bovine bone, and fish and poultry. The porcine segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period as it is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources.
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The gelatin market is marked by the presence of several big and small players. Some of the prominent players offering Gelatin include Darling Ingredients, Gelita, Nitta Gelatin, Tessenderlo Group, Weishardt, Trobas Gelatine, and India Gelatine & Chemicals.
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