Market Trends of united states gelatin Industry
The growth of the bakery industry is led by large commercial players
- Large numbers of small-scale and large-scale players characterize the US bakery industry. There were more than 23,158 retail bakeries in the United States in 2020. California, New York, Texas, Florida, and Illinois are among the top markets for bakeries in the country. In 2020, California alone accounted for about 3,400 bakeries. The aggressive store opening trend set by major players reflects plenty of growth opportunities. As the demand continues to rise, the market will grow over the forecast period.
- Among all bakery products, bread, rolls, and cakes are the most highly consumed products. In 2022, the bread industry recorded price inflation due to the Russia-Ukraine war, which resulted in a 40% rise in wheat prices. The United States, known as the "breadbasket of the world," witnessed a hampered wheat, oats, and cooking oil production due to the war. In 2020, wheat production in the country declined by 5.5% due to the COVID-19 pandemic.
- In 2020, stockpiling during the lockdown boosted the demand for bakery products. The sales value and volume peaked during that year. Increased demand for packaged bread, morning goods, and cookies resulted in a Y-o-Y growth volume of around 7.52% in 2020. After the lockdown period, the sales of sourdough products, cakes, and cookies increased. Chocolate-chip cookies and molasses cookies witnessed high demand due to widespread interest among consumers. About one in five Americans consumes more than three cookies daily. In terms of cookie addiction, Utah tops the list, closely followed by Idaho and Oregon. People from Maine, Alaska, South Dakota, Iowa, and Kansas are the top consumers of chocolate-chip cookies.
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Meat production contributes majorly as raw material for plant protein ingredients manufacturers
- Gelatin is mainly driven by supply from the meat industry, especially from meat of cattle, chickens and pigs with bone and the graph given is the production of all these raw materials considered for gelatin production. As meat consumers, collagen producers account for more than 60%, followed by gelatin. Their demand is mainly driven by a strong inclination toward protein and high-protein products across the entire food and beverage sector, especially as a food additive, in the country. The recent advancements in medical research, especially on bone structure and its function, have revolutionized the nutritional approach to optimizing bone health.
- The increasing consumer awareness about gelatin-based products leads to higher production of gelatin, which, along with expanding its application in several industrial segments, is expected to boost the market. The US gelatin market is expected to witness considerable growth of 2.1% during the forecast period due to consumers' lifestyle changes. Manufacturers are increasing their R&D expenditure to develop new kinds of gelatin-enriched products, which, in turn, helps them broaden their customer base and gain a competitive advantage.
- The overall animal industry production declined due to the COVID-19 pandemic as production plants shut down across the nation. Gelatin products are mainly used in special dietary applications because their hydrolyzed form is used to protein-fortify dietary foods. Dried, hydrolyzed gelatin contains over 92% protein. Typically, it is blended with other hydrolyzed proteins to balance the nutritional aspects of amino acids. The market is majorly driven by the rise in the usage of gelatin in the functional food industry.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Baby food to witness steady growth post pandemic
- Sustainable and innovative packaging trends to influence breakfast cereals market
- Key players to focus fortification and nutritional enrichment
- Emphasizing awareness and innovation; driving force behind elderly nutrition market growth
- E-commence will emerge as one of the most preferred channels
- Sport/performance nutrition to witness significant growth during forecast period
- United States cosmetic industry to drive by synergy of innovation and social media influence
- Innovation holds key to maintain steady growth rate
- Consumers' preferences shift to premium condiments and sauces, away from packaged soups
- Dairy alternatives to witness significant growth rate
- Great opportunities for meat alternative products
- Key players focusing more on healthy ingredients post COVID-19
- Rising us feed exports and feed prices are expected to impact production
- Animal protein consumption growth fuels opportunities for key players in the ingredients sector
