The gelatin market is projected to increase from $3.7B in 2023 to $5.1B by 2028, growing at a CAGR of 6.6% during the forecast period, according to a report by Research & Markets.
Most tablets are coated with gelatin, and it is used in both hard and soft capsules.
Food and beverage manufacturers are also using gelatin in products due to properties like gelling, thickening, stabilizing, and other traits that enhance food texture and taste. Gelatin is cheaper than the collagen peptides and also has more functional properties than the collagen peptides, which helps in delivering increased profit margins.
Gelatin is generally used in processed foods such as soft drinks, baked goods, candy, puddings, jams and jellies, canned foods, dairy products, and other food & beverages. Gelatin is majorly used for bakery and confectionery. Moreover, the rising trend of health consciousness, convenience food, and nutritious food is propelling the growth of the market.