Forecast of Global Gelatin Substitute market

According to ReportLinker.com report "Global Gelatin Substitutes Market Size, Share & Industry Trends Analysis Report By Product, By Application, By Function, By Regional Outlook and Forecast, 2022 - 2028", Global Gelatin Substitutes Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 6.3% CAGR during the forecast period. Animal bones and Tissues are being increasingly substituted by likes of Guar Gum, Corn Starch, Agar- Agar etc wherever possible.

The reason behind the rise include dietary benefits, increasing desire of people to change their lifestyle and switching over to plant based options and lowering their impact on the environment. The Europe region witnessed the largest revenue share in the gelatin substitutes market in 2021. This is due to the product’s rising demand across a range of end-use industries, such as personal care and cosmetics, food & beverage, pharmaceutical & nutraceutical. In the UK, gelatin substitutes are frequently used to create low-calorie treats and non-starchy bread. Agar also gained popularity and is regarded as one of the safest hydrocolloids. In addition, the European Food Safety Authority (EFSA) has also given it the status of a safe food additive. These elements are anticipated to support regional expansion.

Time will unfold which exact region will contribute to the most growth in the coming years in this segment.