Market Dynamics

The gelatin market growth is driven by growing demand in the cosmetics industry as a gelling agent, thickener, emulsifier, and film former in products such as creams, lotions, shampoos, and sunscreens. These are widely used products as cosmetics and skin care products. Year-on-year growing demand for cosmetic and skin care solutions propels the demand for gelatin as a key component with multiple roles. According to L'Oréal, the beauty market is growing over the years. The global beauty market experienced 8% growth in the previous year and 4.5% growth last year. This consistent and notable growth fuels the demand for gelatin in the cosmetic industry.

Gelatin is a natural protein derived from animal collagen by boiling the sources, such as bovine, where stable sol forms in warm conditions and reversible gel when cooled. It is applicable across key industries such as the food & beverages industry, the healthcare industry, and possesses applications in the development of X-ray films as well as photographic films. Such a wide range of applications underscores gelatin market growth.

Market Highlights

• Source: The Bovine segment leads with over 33.25% market share.
• End Use: The Healthcare segment is projected to witness the highest CAGR (~7.20%) during the forecast period.
• Regional Insights: North America dominates with over 33.61% share.