![]() The demand and sale of the product experienced a sudden decline owing to the outbreak of coronavirus. Hindrance in Supply Chain amidst Pandemic Negatively Affected Market's Growth It is a clean-label product without any additives, consisting of 100% gelatin, an alternative to regular leaf form which reduces the preparation time by 50%. ![]() For instance, in August 2020, PB Leiner launched Textura Tempo Ready, a new gelatin type with unique properties. Moreover, companies developed new products to satisfy the growing consumer need. Additionally, people experimenting with cooking and baking during the pandemic increased the demand for gelatin. Its growing incorporation as a food stabilizer can be due to the growing consumption of products such as pasta, yogurts, jams, and jellies. The product finds its wide utilization as a food stabilizer due to its excellent gelling, stabilizing, and foaming properties. The rising demand for clean-label products and their growing usage in cosmetics drive the market. The global market is experiencing robust growth due to the surging demand for functional food and beverages and increasing pharmaceutical applications. ![]() Based on our analysis, the global market exhibited a decline of -0.86% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with gelatin experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The global gelatin market size was valued at USD 2.65 billion in 2021 and is projected to grow from USD 2.86 billion in 2022 to USD 4.42 billion by 2029, exhibiting a CAGR of 6.43% during the forecast period. ![]()
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