The Fish Gelatin market is valued at USD 287.0 Mn in 2022 and is projected to grow at a CAGR of 3.1% during the forecast period, reaching a value of USD 397.1 Mn by 2032. Newly released data from Future Market Insights market analysis shows that global Fish Gelatin demand is projected to grow year-on-year (Y-o-Y) growth of 2.1% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 287.0 Million |
| Market Forecast Value in 2032 | USD 397.1 Million |
| Global Growth Rate (2022 to 2032) | 3.3% CAGR |
| Forecast Period | 2022 to 2032 |
| Collective Value Share: Top 3 Countries (2021A) | 31.4% |
Fish skins rich in collagen, such as those of green fin, squid, blackline fin, etc., are partially hydrolyzed to provide fish gelatin, a protein. The basic building blocks of these gelatin molecules are a large molecular chain of amino acids joined together by amide bonds. These amino acids are found in fish and are essential for the development of the body's connective tissues.
Additionally, fish gelatin serves as a crucial functional component in cosmetics for the skin and hair. For instance, fish gelatin serves as a binding agent and enhances the ability of skin lotions to bind water. Mammals make up a sizable amount of commercial gelatin. The gelatin market saw an increase in demand for alternative sources due to growing concerns from animal welfare activists and groups as well as other sociocultural or religious factors.
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Fish Gelatin demand grew at 4.3% CAGR between 2017 and 2021. One of the main drivers of the worldwide Fish Gelatin market is the rising consumer awareness of the importance of good eating habits and the global rise in health concerns.
The fish processing sector produces a lot of by-products, thus there is another possible source for the manufacturing of gelatin. The worldwide fish gelatin market is anticipated to have a positive growth over the forecast period because fish gelatin is widely employed by many sectors due to its functional and technological qualities.
Over the projection period, there is likely to be a rise in demand for fish gelatin due to the industry's strong growth in functional foods and specialty foods. The market would grow even faster in response to the rising demand for artisanal pastries and desserts. Consumer demand for protein and other essential nutrients would soon increase.
This behavior is anticipated to elevate fish gelatin to the level of preferred protein sources. Protein intake that is enough promotes lean body mass, high energy levels, and decreased hunger between meals. Since many people are protein-deficient, they seek out protein ingestion in a variety of meals and beverages.
Protein is necessary for healthy aging and continued physical activity. All of the necessary amino acids and fatty acids can be found in fish gelatin, which can also provide high-quality protein. Therefore, the market for fish gelatin will rise significantly as a result of the trend toward consuming protein in convenient forms.
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By 2032, the US fish gelatin market is anticipated to grow at a CAGR of 6.8%. Fish gelatin is largely employed for its special gelling, stabilizing, emulsifying, and binding qualities. A substantial rise in the demand for energy drinks and processed meals is being caused by consumer awareness of wholesome and nutritious diets, which is fuelling the expansion of the fish gelatine industry.
Fish gelatin sales in Germany are anticipated to grow at a significant CAGR throughout the forecast period and have a market share of more than 5.8% in 2022. Since the markets for fish gelatin are already well-established in Germany, producers in that industry concentrate on expanding their customer bases there. Manufacturers are producing fish gelatin vitamin gummies and other fish gelatin supplements as the trend of vitamin gummies are growing in popularity in Germany.
The industries of food and beverage, personal care, pharmaceuticals, and nutraceuticals all frequently use fish gelatin. Due to the widespread use of gelatine in products like marshmallow desserts, trifles, jellies, aspic, yogurt, transparent candies, cream cheese, jelly babies, jams, ice cream, cake mixes, charlottes, mousses, chewing gum, cake icing, and frosting, margarine, bakery glazes, meringues, coffee, powdered milk, jellied soups, sauces, and gravies, as well as canned ham and chicken, corned
The conventional fish gelatin market is anticipated to be the largest, while organic fish gelatin will develop faster in the future due to consumer preferences for organic food products.
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Market players aiming to expand their market presence in various countries and regions to fetch the shooting demand for the gelatin market are Gelima, Geltech, Lapi Gelatine, Nita Gelatin, Shanghai Freemen, Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 287.0 Million |
| Market Forecast Value in 2032 | USD 397.1 Million |
| Global Growth Rate | 3.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others |
| Key Market Segments Covered | Product Type, Nature, End-Use Application |
| Key Companies Profiled | Gelima; Geltec; Lapi Gelatine; Nita Gelatin; Shanghai Freemen; Sterling Biotech Limited; Gelita AG; Darling Ingredients Inc.; PB Gelatins GmbH; Junca Gelatines S.L; Trobas Gelatine BV; Weishardt Holding San; Others |
| Pricing | Available upon Request |
The Fish Gelatin market is estimated to reach sales of nearly USD 287.0 Mn by 2022.
Fish Gelatin market revenue is expected to increase at a CAGR of around 3.3% during the period 2022-2032.
Fish Gelatin sales increased a CAGR of around 3.1% over the past half-decade.
The global Fish Gelatin market value is estimated to be around USD 397.1 Mn in 2032.
The top countries driving the Fish Gelatin demand are the US, Germany, China, and UK.
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Fish Gelatin Market
