Rapid-set Gelatin Market to Gain US$ 267.15 Million at 7.3% CAGR by 2033, States Fact.MR
Leading market participants are launching new products in the hotel, restaurant, and catering (HoReCa) Industry and this factor is expected to boost the adoption of rapid-set gelatin during the forecast period
Rockville , Dec. 04, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global Rapid-set Gelatin Market is expected to reach a US value of $267.15 Mn towards late 2033 while rising at a 7.3% CAGR.
Rapid-set gelatin is a modified form of traditional gelatin with a notable advantage – it solidifies much more quickly. This characteristic makes it superior in several ways. Firstly, its faster gelation time enhances overall production efficiency, allowing for streamlined processes and increased output. Additionally, rapid-set gelatin provides better control over the gelation process, ensuring precise and predictable outcomes, which is crucial in industries like pharmaceuticals.
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Key Segments of Rapid-set Gelatin Industry Research Report
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Its versatility opens up new applications, especially in modern technologies such as 3D printing, where quick solidification is essential for creating intricate and customized structures.
The rapid-set gelatin market is witnessing substantial expansion, fueled by a rising demand for efficient gelatin products in industries like pharmaceuticals, food and beverage, and medical applications. The market is further driven by a growing need for quick-setting gelatin, particularly in advanced manufacturing technologies such as 3D printing
Ensuring consistent quality in rapid-set gelatin production poses a challenge, as variations may impact the end product in industries like pharmaceuticals. Convincing consumers of the safety and efficacy of rapid-set gelatin products, especially in applications like food, may pose a difficulty due to perceptions around novel technologies.
Key Takeaways:
- The Chinese market is predicted to witness a value of US $57.97 Mn in 2023. Moreover, the market is expected to witness a CAGR of 8.3% CAGR during the forecast period.
- The pharmaceutical industry in China is experiencing robust growth and creating opportunities for rapid-set gelatin in pharmaceutical applications. Expansion of the pharmaceutical sector and demand for healthy food and beverages are driving the sales of rapid-set gelatin during the forecast period.
- Rapid-set gelatin in confectionery products is expected to witness a CAGR of 7.8% during the forecast period.
The demand for quick-setting solutions across industries, the growth of advanced manufacturing technologies like 3D printing, and the ability of rapid-set gelatin to streamline production efficiency are a few factors driving the market growth - Says Fact.MR Expert
Market Competition
In this highly competitive market, major players are dedicated to producing pure gelatin and investing in research and development to broaden their product range, establishing a strong presence in the industry. Prominent companies in this endeavor include Nitta Gelatin Inc., Gelita AG, PB Leiner, Junca Gelatines, Gelnex, Capsugel Incorporation, and Darling Ingredients Incorporation.
Key companies are investing in R&D activities to expand their product portfolio and build a firm presence in the industry.
- In May 2021, Darling Ingredients Inc. expanded the Rousselot brand's offerings by introducing X-Pure Geldat-Gelatin-Gelatin Desaminotyrosine. This new addition is a modified, pharmaceutical-grade, and purified gelatin, further enriching their product lineup.
Winning strategies
- Major players in the rapid-set gelatin market are creating special gelatin formulas for 3D printing, meeting the unique needs of industries using advanced manufacturing. This strategy aligns with the specific requirements of modern manufacturing and positioning these players as leaders in this evolving landscape.
- Key players are investing in high-throughput manufacturing technologies to scale up production of rapid-set gelatin, ensuring efficient and cost-effective processes to meet the increasing market demand.
- To strengthen their global market presence, major players are concentrating on extending distribution networks and forming strategic partnerships in various regions. This strategic approach capitalizes on the growing awareness and adoption of rapid-set gelatin in diverse industries and geographic locations.
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| Report Attribute | Details |
| Value Projection (2033) | USD 267.15 Million |
| Growth Rate (2023-2033) | 7.3% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
The forecast period is expected to witness a 7.7% Compound Annual Growth Rate (CAGR) in the sales of rapid-set gelatin thickeners.
Functioning as effective gelling agents, rapid-set gelatin thickeners impart viscosity and texture to a variety of food and beverage products. Upon mixing with liquids, these thickeners create a gel-like structure, delivering both thickness and stability to the end products.
In food and beverage formulations, gelatin serves as a stabilizer for emulsions and suspensions. It plays a crucial role in preventing phase separation, ensuring uniformity in items such as sauces, dressings, and dairy-based beverages. Beyond stabilizing properties, gelatin enhances the mouthfeel and texture of food products, offering a versatile solution. Depending on concentration and application, it can contribute to a smooth, creamy, or firm texture, making it a common ingredient in desserts, jellies, and confectioneries to achieve a desirable overall texture.
Checkout More Related Studies Published by Fact.MR Research:
Gelatin Market: The gelatin market is predicted to grow at a moderate CAGR of 5.8% during the forecast period covering 2022 to 2032. The gelatin market share is estimated to reach a value of nearly US$ 5.9 Billion by 2032.
Gelatin Peptones Market: The gelatin peptones market is expected to depict an excellent growth in the forecasted period (2021-2031). The changing lifestyle and a need to save oneself from getting infected by the spread of lethal viruses has impacted the demand for peptones.
Bovine Gelatin Market: The global bovine gelatin market size stands at a value of US$ 1.4 billion in 2023 and is projected to climb to US$ 2.7 billion by 2033-end, expanding at a healthy CAGR of 6.6%.
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