Global Gelatin Substitutes Market to reach USD XX billion by 2027.Global Gelatin substitutes market is valued approximately at USD XX Billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Gelatin substitutes have been gaining popularity among vegetarian consumers to thicken foods and as a food stabilizer. The global gelatin substitutes market is being driven by growing consumption of vegan products as gelatin substitutes are made from vegetarian raw materials such as agar agar. According to Institute of Food Technologists, the consumption of novel vegan meat replacements is projected to increase from 10% in 2025 and reach 25% by 2040. The other driving factor for market growth is the rising pharmaceuticals trade growth as gelatin substitutes are widely used in production of hard capsules and soft gels. According to Ministry of Chemicals & Fertilizers, there has been increase in exports of pharmaceuticals in India from USD 14.9 Million in 2017-18 to USD 19.64 Million 2019-20. Whereas, the same increased in Japan according to United Nations Conference on Trade and Development, from USD 14900 Million in 2017-18 to USD 19640 Million in 2019-20. Furthermore, the rising awareness regarding health benefits of organic & natural food products, and growing end-use industries such as bakery, processed food and others will provide new opportunities for the global Gelatin Substitutes industry. However, prevalence of biomaterial substitutes and allergic reactions after its consumption may impede market growth over the forecast period of 2021-2027.

The regional analysis is evaluated on the basis of the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for the global Gelatin Substitutes Market. Europe is the leading region across the world in terms of market share owing to high prevalence of chronic disorders and growing demand for organic food products. Whereas Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to favorable government initiatives to promote food manufacturing, increasing adoption of vegan food diet and growing pharmaceutical industry in the region.

Major market player included in this report are:
Bob's Red Mill Natural Foods
Firebird Mills
Shipton Mill
Beneo GmbH
PP FOODS
Nutriseed
Hain Celestial Group
Aryan International
La Milanaise
SA Rice Mills

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:
Porcine
Bovine Skin
Bovine Bone
Fish & Poultry
By Application:
Food
Pharmaceuticals & Healthcare
By Type:
Type A
Type B
By Function:
Stabilizing
Thickening
Gelling

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Gelatin Substitutes Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors