Market Size of Europe Gelatin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.75 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Gelatin Market Analysis
The Europe gelatin market size is expected to grow from USD 602.24 million in 2023 to USD 723.86 million by 2028, at a CAGR of 3.75% during the forecast period (2023-2028).
- The Europe gelatin market was experiencing steady growth due to its wide range of applications in various industries. Gelatin is a protein derived from collagen found in animal bones, skin, and connective tissues. It has unique properties that make it suitable for various applications, including food and beverages, pharmaceuticals, personal care, and cosmetics, and even in some industrial applications. Gelatin is commonly used in the food industry to produce gummy candies, desserts, marshmallows, and other confectionery products. It also finds applications in the production of soups, sauces, and dairy products like yogurt and cream cheese.
- Gelatin's multifunctionality in enhancing texture and mouthfeel and boosting protein content was the major driving factor. High production consolidation and companies like GELITA and Reinert Gruppe International contribute to a competitive ingredient price, boosting sales. The region was heavily driven by the bakery industry. Gelatin is practically fat- and carb-free, and thus, it is used in low-calorie products. Bakery trends show a major shift toward health and wellness globally. Cookies and cakes that are low in sugar and fat and high in proteins, added with some herbal extracts, are seen in mainstream markets.
- The increasing interest in beauty products across the region is majorly driving the demand for gelatin in the personal care and cosmetics segment. According to the Directorate General of Customs and Indirect Taxes, In 2021, the value of French imports of chemical products, perfumes, and cosmetics amounted to almost EUR 5.4 billion (USD 6.372 billion). The application of gelatin in cosmetic products, an ingredient in face creams, body lotions, shampoos, hair sprays, and sunscreens, is increasing in the country. Moreover, gelatin proves to be dermatologically tolerated, free of harmful substances, and acts as an effective moisturizer in creams and lotions. Such factors are driving the demand for gelatin across various applications in the region.
