July 14, 2022 06:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, July 14, 2022 (GLOBE NEWSWIRE) -- The global gelatin substitutes market is set to witness growth at a CAGR of 14.4% and top a valuation of US$ 4.0 Bn by 2032. Gelatin substitutes are increasingly becoming a better alternative to gelatin products, which are obtained from animal bones along with hooves, animal skin, tendons, cartilage, and ligaments. As the vegan and vegetarian population is rising across the globe, many brands found gelatin substitutes as better alternatives to include in their products.

Agar agar is the most recognized and used substitute to gelatin in food industry. Derived from pressed and cooked seaweed, the flavorless gelling agent is available in powder, flaked, or bars form. When used in any recipe, the product does not require refrigeration to gel and sets in about an hour.

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Another well-known gelatin substitute is carrageen, which is also a seaweed, and known as the Irish moss. This product in its raw form is found in coastal waters near France, Ireland, and North America. The product makes softer puddings and gels. While pectin is basically a fiber, which is found in fruit cell walls. When the product is heated and mixed with sugars and acids, it forms a gel-like substance, forming a thick gelatin substitute.

“Increasing demand for vegan packaged food and bakery products, along with ongoing expansion in the food and beverage sector across emerging economies will fuel the growth in the market over the forecast period,” says an FMI analyst.

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Key gelatin substitutes brands are investing in research and development to improve their product portfolios. They are also investing in mergers, acquisitions and collaborations with food and beverage manufacturers to gain a competitive edge in the market.

NOW Foods, Tilley Company, The Agar Company (B&V SRL), AGARMEX, S.A. DE C.V., and Java Biocolloid (Hakiki Group) are expected to be the top players in the global gelatin substitutes market.

Future Market Insights, in its new report, offers an impartial analysis of the global gelatin substitutes market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (agar-agar, carrageen, pectin, corn-starch, xanthan gum, guar gum, arrowroot, instant clear gel, kudzu, and others), packaging type (bag, bottle, box, pouch, and others), flavor (unflavoured and flavoured), product form (capsules, gummies, powders, soft gels, and others), application (food industry, pharmaceutical industry, cosmetics and personal care industry, dietary supplements, microbiology and plant propagation, and others), and sales channel (B2B / HoReCa and B2C), across seven major regions of the world.

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Gelatin Substitutes Market by Category

By Product Type: Agar-Agar, Carrageen, Pectin, Cornstarch, Xanthan Gum, Guar Gum, Arrowroot, Instant Clear Gel, Kudzu, Others; By Packaging Type: Bag, Bottle, Box, Pouch, Others; By Flavor: Unflavoured, Flavoured – Applem, Berry, Coffee, Grape, Raspberry, Strawberry, Vanilla, Watermelon; By Product Form: Capsules, Gummies, Powders, Soft gels, Others; By Application: Food Industry- Baking Products, Chocolate and Confectionery, Dairy & Desserts, Others, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Dietary Supplements, Microbiology and Plant Propagation, Others; By Sales Channel: B2B / HoReCa, B2C; By Region:, North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement

4. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast, 2022-2032

5. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type

6. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Packaging Type

7. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Flavor

8. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Product Form

9. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Application

10. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel

11. Global Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Region

12. North America Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Country

13. Latin America Gelatin Substitutes Market Analysis 2017-2021 and Forecast 2022-2032, By Country

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Explore FMI’s Extensive Coverage on Food and Beverage Domain:

Gelatin Market Size: Gelatin market size is expected to to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2032.

Instant Fat Powder Market Share: Instant fat powder market is estimated to exhibit growth at a CAGR of around 4% to 5% during the forecast period.

Coffee Cherry Market Outlook: Coffee cherry market is anticipated to register a CAGR of 4.8% during the forecast period, up from US$ 2.05 Bn in 2022 to reach a valuation of US$ 3.28 Bn by 2032.

Powdered Beverages Market Demand: Powdered beverages market size is forecast to expand at a considerable rate over the forecast period. 

Protein Purification & Isolation Market Sales: Protein purification & isolation market is anticipated to reach US$ 17.41 Bn by 2032, with a rapid CAGR of 10.6% from 2022 to 2032.

Mustard Seed Market Value: Mustard seed market is forecasted to be valuated at US$ 1084.8 million by 2032, advancing at a CAGR of 4.2% from 2022 to 2032.

Blackstrap Molasses Market Forecast: Blackstrap molasses market size was estimated to be worth around US$ 13 Billion in 2020 and is forecast to grow at a CAGR of around 5.68% between 2022 and 2032

Chitosan Powder Market Analysis: Chitosan powder is forecast to grow at a healthy CAGR of around 6.38% CAGR during the forecast period between 2022 and 2032.

Copovidone Market Growth: Copovidone market is estimated to register remarkable growth, expanding at a CAGR of around 9% to 10% during the forecast period 2022-2032. 

Dextrates Market Trends: Dextrates market is expected to project growth at a robust CAGR during the forecast period 2022-2032. 

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 

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