Gelatin Substitutes Market 2030: Trends Shaping the Future of Food
The global gelatin substitutes market was valued at USD 349.60 billion in 2022 and is projected to reach USD 609.57 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. Key factors fueling this growth include a rising number of consumers adopting vegan and vegetarian lifestyles, as well as increasing utilization of gelatin substitutes across diverse industries such as cosmetics, food and beverage, and pharmaceuticals & nutraceuticals. The COVID-19 pandemic had a moderate impact on the gelatin substitutes market. Production slowed down due to lockdowns and trade restrictions imposed worldwide, resulting in shortages of raw materials and disruptions across supply chains. Despite these challenges, demand for nutraceuticals, functional foods, and dietary supplements—including capsules, gummies, soft gels, and tablets—grew during the pandemic, driven by heightened health awareness and a focus on immunity-boosting products. Additionally...