India Gelatin Market Size
| 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 Market Trends
Rising demand for clean label products to boost market growth
- Consumers are showing positive interest in clean-label products due to their rising awareness and demand for products free of additives and preservatives. The growing demand for clean-label products is a key driver in shaping the nutraceuticals industry. Trends further force manufacturers to ensure that the products meet ethical standards. Presently, conscious consumers see sustainability as a key component of clean-label products, and many want their healthy food to be more sustainable.
- In addition, the pandemic has raised consumer concern over food safety and quality, sharpening their desire for transparency and responsible sourcing in the supply chain. Thus, greater transparency and traceability push clean label concepts throughout the supply chain. Furthermore, the expansion of natural ingredients with functional benefits will provide opportunities for clean-label ingredients, such as the gelatin market, to grow in the coming years.
- For Instance, in 2021, Nitta Gelatin India unveiled international standard clean-label gelatin for the hotel, restaurant, and catering (HoReCa) category. The growth in identifying the ingredients in food and beverage goods is fueling the expansion of the clean-label ingredient market.
- Moreover, many cosmetic and personal care product manufacturers are making the move towards clean-label products. Consumers are demanding products that they perceive are better for their bodies, families, and the environment. Therefore, the potential growth for 'clean label' cosmetic products is substantial. This trend is expected to continue and, thus, likely to positively impact the market growth for gelatin in the coming years.
Food and Beverages is the largest segment
- Food and beverages remained the largest segment among others, owing to an increase in the application majorly led by the bakery and RTE/RTC food products sub-segments. Rapidly increasing use of gelatin in bakery products, marshmallows, jellies, yogurts, and other food items has propped the growth of the food and beverage segment in the Indian Market. Moreover, rising demand for well-being products such as powder and drinks with the nutritional value of gelatin has surged the growth of nutraceutical food in the market.
- The expansion of the food and beverage nutraceutical industry in the country has boosted the demand for gelatin. As per the Associated Chambers of Commerce and Industry of India (Assocham), the Indian food and beverage market was valued at USD 45.97 billion in 2020. Consumers are also more conscious about the foods they are consuming and how the ingredients in any product affect their health.
- Moreover, the high share in the food and beverage segment is attributed to properties such as emulsifying effects. In addition, they help smoothen the food texture and provide the body with food. Moreover, they are responsible for giving a uniform nature or consistency to the product and retaining the flavoring compounds in dispersions.
- Such properties of gelatin make it ideal for stabilizing ice cream, margarine, spreads, dairy products, salad dressings, and mayonnaise, among others. Thus, the market is expected to grow tremendously in the coming years.
India Gelatin Industry Overview
The Indian gelatin market is fragmented, with the top five companies occupying 5.98%. The major players in this market are Foodchem International Corporation, Foodmate Co. Ltd, India Gelatine & Chemicals Ltd, Jellice Group and Nitta Gelatin Inc. CJ Gelatine, Raymond Gelatine, Sterling Gelating, Rama Gelatine, Narmada Gelatines Limited (sorted alphabetically). Several other players, along with the major players, are concentrating on online distribution channels for their online promotion and branding of their products in order to expand their geographic reach and increase their customer base.
India Gelatin Market Leaders
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Foodchem International Corporation
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Foodmate Co. Ltd
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India Gelatine & Chemicals Ltd
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Jellice Group
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Nitta Gelatin Inc.
*Disclaimer: Major Players sorted in no particular order
India Gelatin Market News
- November 2022: Perfect Day, a leading precision fermentation ingredients manufacturer, made a strategic move by acquiring Sterling Biotech Limited, a company based in India. This acquisition serves as a crucial step in Perfect Day Company's ongoing efforts to diversify and enhance its product portfolio. The primary goal behind this acquisition is to cater to the discerning consumers of Sterling Biotech Ltd. Notably, and Sterling Biotech Ltd holds the distinction of being the world's sixth-largest gelatin manufacturer.
- January 2021: Nitta Gelatin India Limited introduced a premium gelatin product of international caliber within the HORECA category. The company firmly believes that this offering will delight food enthusiasts, enabling them to prepare and savor a wide range of desserts, jellies, and other culinary delights at international standards.
- July 2022: Perfect Day, a prominent US-based alternative dairy startup, acquired Sterling Biotech, an Indian gelatin manufacturer. This strategic move was aimed at expanding Perfect Day's presence and influence within the domestic market.
India Gelatin Market Report - Table of Contents
1. Introduction
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increasing application of Gelatin in healthcare and pharmaceutical sector
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4.2 Market Restraints
- 4.2.1 Rising demand for clean label products
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes
- 4.3.5 Intensity of Competitive Rivalry
5. Market Segmentation
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5.1 By Form
- 5.1.1 Animal-Based
- 5.1.2 Marine-Based
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5.2 By End-User
- 5.2.1 Personal Care and Cosmetics
- 5.2.2 Food and Beverages
- 5.2.2.1 Bakery
- 5.2.2.2 Beverages
- 5.2.2.3 Condiments/Sauces
- 5.2.2.4 Confectionery
- 5.2.2.5 Dairy and Dairy Alternative Products
- 5.2.2.6 RTE/RTC Food Products
- 5.2.2.7 Snacks
6. Competitive Landscape
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Foodchem International Corporation
- 6.3.2 Foodmate Co. Ltd
- 6.3.3 India Gelatine & Chemicals Ltd
- 6.3.4 Jellice Group
- 6.3.5 Narmada Gelatines Limited
- 6.3.6 Nitta Gelatin Inc.
- 6.3.7 Raymond Gelatine
- 6.3.8 STERLING GELATING
- 6.3.9 Rama Gelatine
- 6.3.10 CJ Gelatine
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityIndia 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 | |
| Food and Beverages | Bakery | |
| Beverages | ||
| Condiments/Sauces | ||
| Confectionery | ||
| Dairy and Dairy Alternative Products | ||
| RTE/RTC Food Products | ||
| Snacks |
India Gelatin Market Research 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.
What years does this India Gelatin Market cover?
The report covers the India Gelatin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Gelatin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Gelatine Industry Report
Statistics for the 2024 India Gelatine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Gelatine analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
