The global gelatin substitutes products market was valued at USD xx.xx billion in 2021 and is projected to expand at a CAGR of xx.xx% from 2022 to 2030. The increasing demand for gelatin substitutes is attributed to the growing health-conscious population and the rising prevalence of food allergies. Gelatin substitutes are plant-based, vegan-friendly alternative ingredients that offer similar textural and functional properties as gelatin.
In addition, the increasing demand for plant-based products, especially from vegan consumers, is expected to drive the market growth. Consumers are becoming more conscious of their health, and as a result, there is a growing preference for organic and non-GMO products which are made with synthetic ingredients. Furthermore, the rise in demand for convenience foods and ready-to-eat meals is expected to support the growth of the market.

The development of innovative products has been the key focus of manufacturers, which is leading to the advancement of the industry. For instance, in January 2021, Austrade (Australian Trade and Investment Commission) announced the launch of a new plant-based gelatin substitute called GELTEX, developed by CSIRO scientists for food products. Furthermore, the increasing demand for jellied desserts and confectionery products is driving the demand for gelatin substitutes.

The rising consumer preference towards plant-based proteins and the increasing penetration of health and wellness products is expected to drive the market growth. For instance, in April 2021, Prima-Tek Ingredients launched a range of plant-based gelatin substitutes, which are made from natural ingredients such as agar-agar, pectin, carrageenan, and konjac. Furthermore, the growing number of health-conscious consumers is expected to provide growth opportunities for the market.

The increasing awareness of the health benefits of gelatin substitutes is expected to drive the market growth. For instance, in August 2021, The Vegetarian Resource Group (VRG) published a detailed report on the health benefits of gelatin substitutes such as carrageenan and agar-agar. The report highlighted the benefits of using these substitutes in place of gelatin and how it can help reduce fat and cholesterol levels. Furthermore, the growing demand for organic and non-GMO products is expected to further support the market growth.

The agar-agar segment is expected to hold the largest market share of 38.9% in 2022. Agar-agar is a type of gelatin substitute extracted from red algae and is used as a thickening agent in food products. Agar-agar is used as a vegetarian substitute for gelatin, as it is plant-based and is also vegan-friendly. It is also a good source of dietary fiber, and is used as a stabilizing and gelling agent in food products. Furthermore, it is used in the pharmaceutical industry in the form of capsules and tablets.

The locust bean gum segment is anticipated to register a CAGR of 8.5% during the forecast period. Locust bean gum is a type of gelatin substitute extracted from the seeds of the carob tree. It is used as a thickening and emulsifying agent in food products, as it can form strong gels when combined with other components. It is also a good source of dietary fiber, and is used as a stabilizing and gelling agent in food products. In addition, it is also used in the pharmaceutical industry.

The supermarkets and hypermarkets segment captured the major share of over 33.2% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets and hypermarkets as a primary source to purchase gelatin substitutes products. The availability of wide variety of products from different brands under one roof appeals to customers and assists them in making the desired purchase decisions.

The specialty stores segment is expected to register a significant growth rate of 11.4% over the forecast period. The growth of the segment is mainly attributed to the presence of specialty stores offering a wide variety of gelatin substitutes products. These stores provide an opportunity to the customers to purchase specialized products that are not available in the conventional supermarkets or hypermarkets.

The e-commerce segment is anticipated to expand at the fastest CAGR of 13.2% over the forecast period. The growth of the segment is mainly attributed to the rising penetration of internet and smartphones in the developing economies. The increasing availability of online portals offering gelatin substitutes products has enabled customers to purchase products as per their convenience. In addition, the increasing promotional activities by companies through online channels has further augmented the growth of the segment.

The plant-based segment is expected to grow at the highest CAGR of 8.1% during the forecast period. The increasing number of vegan and vegetarian population, along with the growing awareness about the health benefits of plant-based products, is driving the demand for plant-based gelatin substitutes. For instance, according to the Plant Based Foods Association, the sales of plant-based food products have increased 17% in the U.S. in 2019, compared to the previous year. Also, the increasing demand for vegan and vegetarian friendly products from both, consumers and food manufacturers, is expected to drive the market for plant-based gelatin substitutes.

The microbial segment is expected to account for the largest revenue share of 41.7% in 2022. The increasing demand for microbial gelatin substitutes from food and beverage manufacturers is propelling the demand for the products. Microbial gelatin substitutes are used in food applications, such as dairy products and bakery products, as they are easily available, gluten-free, and provide a good mouthfeel. Furthermore, the increasing demand for natural ingredients, such as microbial gelatin substitutes, is expected to drive the market in the forecasted period.

Europe accounted for the largest revenue share of the market in 2022. The presence of a large number of vegetarian and vegan consumers in the region is expected to be the primary factor driving the market growth in this region. According to the European Vegetarian Union, the number of vegetarians in European countries was estimated at around 12 million in 2020. Moreover, the growing health concerns and inclination towards plant-based products is further augmenting the growth of the market in the region.

Asia Pacific is expected to witness the fastest growth in the coming years. Increasing health consciousness among consumers coupled with the rising disposable income of the consumer base is expected to drive the market in the coming years. Additionally, the growing demand for gelatin substitutes from food manufacturers in the region is further expected to boost the growth of the market in this region. For instance, in January 2021, Manildra Group launched a new plant-based gelatin substitute in India.

In this part of the Gelatin Substitutes Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Gelatin Substitutes Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a Gelatin Substitutes Products business comes from sales of the product (retail/wholesale) and services such as product development, research, and consulting. Here you will find a list with a description of each of them and other possible sources of profit such as partnerships, sponsorship, and advertising.

Projecting Expenses
In this section, all the regular expenses related to keeping the Gelatin Substitutes Products business running will be described. The list of operating expenses includes raw materials, packaging materials, labor costs, utilities, marketing and advertising, insurance policies, and others.

Some of the key companies operating in the gelatin substitutes market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, DuPont launched a vegan-friendly, plant-based gelatin substitute product.

– In September 2022, Ingredion Incorporated launched a plant-based gelatin substitute.

– In October 2022, Cargill launched a vegan-friendly, plant-based gelatin substitute product.

Some of the prominent players in the gelatin substitutes market include:

– Dupont
– Ingredion Incorporated
– Cargill
– Tate & Lyle
– GELITA AG
– Darling Ingredients Inc.
– FMC Corporation
– Gelnex
– E. I. du Pont de Nemours and Company
– CP Kelco

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global gelatin substitutes products market based on type, form, application, and region:

1. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Agar
– Carrageenan
– Pectin
– Starches
– Others

2. Form Outlook (Revenue, USD Million, 2017 – 2030)

– Powder
– Liquid

3. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Dairy & Frozen Desserts
– Confectionery
– Bakery
– Meat Products & Alternatives
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are Gelatin Substitutes?
[A]: Gelatin substitutes are used as an alternative to animal gelatin in food products. They are used in the food industry to replace animal gelatin in products such as candy, marshmallows, puddings, and other food items. These substitutes are usually derived from plants, such as agar, pectin, and carrageenan, and are often designed to mimic the texture and taste of animal gelatin.

[Q]: Who are the Key Players in the Gelatin Substitutes Market?
[A]: Major players in the gelatin substitute market include Cargill, Incorporated, Kerry Group, FMC Corporation, Nitta Gelatin Inc., Darling Ingredients, Inc., and Gelita AG, among others.

[Q]: What are the Factors Driving the Gelatin Substitutes Market?
[A]: Factors such as the increased awareness about health benefits of plant-based ingredients, increasing demand for vegan products, and the growing demand in food, pharmaceutical, and personal care products are driving the gelatin substitute market.

[Q]: What are the Different Types of Gelatin Substitutes?
[A]: The different types of gelatin substitutes include agar, pectin, carrageenan, guar gum, and others.

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is a major factor driving the gelatin substitute market. Major players in the market are striving to introduce new products and enhance existing product portfolios to meet the demanding needs of consumers. Product innovation in the gelatin substitute market is expected to create lucrative opportunities over the forecast period.