India Gelatin Market Size (2024 - 2029)

India Gelatin Market Analysis

India's gelatin market market was valued at USD 111.8 million for the current year and is projected to register a CAGR of 5.34% over the next five years.

• Gelatin is anticipated to witness significant demand from the food and beverage segment due to its ability to prevent several diseases, improve food quality, and fortify food. The rising demand for clean-label products and their growing usage in cosmetics boost the market. The product finds its wide utilization as a food stabilizer due to its excellent gelling, stabilizing, and forming character.
• The increasing utilization of gelatin as a food stabilizer can be attributed to the growing consumption of products like yogurts, pasta, jellies, and jams. Manufacturers are also actively innovating and introducing new products to meet the surging demand, thereby driving the expansion of the market. For instance, PB Leiner, a company engaged in business operations in India, introduced a novel gelatin type named Textura Tempo Ready in 2020, characterized by its unique properties.
• Moreover, the cost of gelatin varies depending on the prices of its raw materials. The prices of raw materials are rising at a moderate rate on account of the growing demand from end-use industries, especially food & beverage and cosmetics. In addition, the rise in demand is likely to be catered to by new production facilities in countries such as India.
• In November 2022, Nitta Gelatin India Limited announced the expansion of capacity by 1,000 MT per year. Furthermore, improvements in the supply chain and an increase in production levels may lead to stability in the prices of products in the coming years.

India Gelatin Industry Segmentation

Gelatin is an animal-based product and a common ingredient in soups, broths, sauces, gummy candies, marshmallows, cosmetics, and medications.

The Indian gelatin market is segmented by form as animal-based and marine-based. By end-users such as personal care and cosmetics and food and beverages, further food and beverages are sub-segmented bakery, beverages, condiments/sauces, confectionery, dairy, and dairy alternative products, RTE/RTC food products snacks.

For each segment, the report offers the market size in value terms in USD and in volume terms in tons for all the abovementioned segments.