Market Size of India Gelatin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.34 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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.
| By Form | |
| Animal-Based | |
| Marine-Based |
| By End-User | |||||||||
| Personal Care and Cosmetics | |||||||||
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India Gelatin Market Size Summary
The Indian gelatin market is experiencing robust growth, driven by increasing demand from the food and beverage sector, as well as the cosmetics industry. Gelatin's versatile properties, such as gelling, stabilizing, and forming, make it an essential ingredient in various food products, including yogurts, pasta, jellies, and jams. The rising consumer preference for clean-label products, which are free from additives and preservatives, is further propelling market expansion. This trend is particularly evident in the nutraceuticals industry, where there is a growing emphasis on transparency, responsible sourcing, and sustainability. The pandemic has heightened consumer awareness regarding food safety and quality, reinforcing the demand for clean-label ingredients like gelatin. Manufacturers are responding to this demand by innovating and introducing new products, such as Nitta Gelatin India's clean-label gelatin for the HoReCa sector, which aligns with international standards.
The food and beverage segment remains the largest contributor to the Indian gelatin market, with significant applications in bakery products, marshmallows, and dairy items. The increasing consumption of nutraceutical foods, which offer health benefits, is also boosting gelatin demand. Gelatin's properties, such as emulsifying effects and texture smoothing, make it ideal for stabilizing various food products, including ice cream, margarine, and salad dressings. The market is characterized by fragmentation, with several key players like Foodchem International Corporation and Nitta Gelatin Inc. actively expanding their geographic reach through online distribution channels. Strategic acquisitions, such as Perfect Day's acquisition of Sterling Biotech, highlight the ongoing efforts to diversify and enhance product offerings in the Indian market.
India Gelatin Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing application of Gelatin in healthcare and pharmaceutical sector
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1.2 Market Restraints
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1.2.1 Rising demand for clean label products
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitutes
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1.3.5 Intensity of Competitive Rivalry
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2. Market Segmentation
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2.1 By Form
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2.1.1 Animal-Based
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2.1.2 Marine-Based
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2.2 By End-User
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2.2.1 Personal Care and Cosmetics
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2.2.2 Food and Beverages
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2.2.2.1 Bakery
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2.2.2.2 Beverages
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2.2.2.3 Condiments/Sauces
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2.2.2.4 Confectionery
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2.2.2.5 Dairy and Dairy Alternative Products
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2.2.2.6 RTE/RTC Food Products
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2.2.2.7 Snacks
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India Gelatin Market Size FAQs
What is the current India Gelatin Market size?
The India Gelatin Market is projected to register a CAGR of 5.34% during the forecast period (2024-2029)
Who are the key players in India Gelatin Market?
Foodchem International Corporation, Foodmate Co. Ltd, India Gelatine & Chemicals Ltd, Jellice Group and Nitta Gelatin Inc. are the major companies operating in the India Gelatin Market.
