Market Size of United Kingdom Gelatin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.03 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Gelatin Market Analysis
The United Kingdom gelatin market was valued at USD 50.3 million for the current year and is projected to register a CAGR of 7.03% over the next five years.
- Gelatin is widely used in different industries like food and beverage, personal care, supplements market, and animal feed. Gelatin is commonly used to thicken, stabilize, and provide texture to a variety of products. Gelatin can be found in foods like gummy candies, marshmallows, jelly desserts, and certain dairy products. It is also used in beverages such as certain fruit juices and wine to clarify and stabilize the liquid.
- Gelatin is also used in different bakery products as it is protein-rich and adds value to the product. The demand for processed and convenient food products is increasing in the country due to rising disposable income and busy working schedules. Due to this, consumers are opting for the consumption of premium quality products. According to Office for National Statistics data from 2021, average consumer spending on bread and bakery products in the United Kingdom was USD 29,741 million.
- Furthermore, gelatin is often used in dietary supplements to create capsules or soft gel coatings for various vitamins, minerals, and other supplements. It provides a convenient and easily digestible way to encapsulate and deliver these substances. Consumer demand for preventive healthcare products is increasing in the country due to rising lifestyle diseases like obesity, diabetes, digestive issues, and others. Due to this, the demand for gelatin-based supplements is increasing.
- Market participants are actively developing gummy supplements tailored for younger consumers. Additionally, the utilization of gelatin in personal care and cosmetic products is experiencing significant growth owing to its numerous advantages. However, despite the rising demand, it's important to note that gelatin is derived from animals. This presents a challenge for the market as there is a growing consumer preference for plant-based and vegan ingredients.
