The Latin America, Middle East and Africa Gelatin Substitutes Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
The adoption of vegetarian and vegan diets by more people and the expanding usage of these goods in various industries, including food and beverage, cosmetics, pharmaceuticals, and nutraceuticals, are the key factors fueling the market's growth. In addition, some key trends anticipated to drive the market growth include rising demand for pouch packaging, increasing consumption of agar-agar and starches, and growing desire for flavored and powdered gelatin alternatives.
Food products like marshmallows, jellies, custard, glazes, jams, cakes, gummy bears, flan, frosting, fruit syrups, and baking dough are among those that frequently incorporate gelatin substitutes as ingredients. Powder agar, one of the most popular gelatin substitutes, has excellent usability in the commercial food sector. The increasing use of the product in food and beverage applications is therefore anticipated to have a beneficial effect on the industry's growth.
The pharmaceutical industry's growing product penetration is projected to be a key factor in the market's expansion. In addition, the pharmaceutical industry is anticipated to expand as a result of the rising incidence of noncommunicable diseases, the aging population, and chronic disorders. This will lead to higher consumption of gelatin substitutes in treatment applications, which will support market expansion throughout the forecast period.
The Middle East is anticipated to offer opportunities for long-term sustainable expansion of the baking industry as well as expand operations of well-known food service brands there. The need for baking supplies that can be utilized to make specialty, organic, gluten-free, and niche foods will rise as a result of the region's tendency toward bespoke baked goods. Additionally, bakery goods sales expanded due to urbanization, the expanding workforce, the rise in consumption outside of the home, and the growing demand for quick and healthful foods. Hence, the widespread demand for baked goods is propelling the growth of the regional gelatin substitutes market.
The Brazil market dominated the LAMEA Gelatin Substitutes Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $61.3 Million by 2028. The Argentina market is experiencing a CAGR of 8.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.9% during (2022 - 2028).
Based on Product, the market is segmented into Agar-Agar, Carrageenan, Guar Gum, Xanthan Gum, Pectin, Cornstarch, and Others. Based on Application, the market is segmented into Food & Beverage, Pharmaceutical & Nutraceutical, Personal Care & Cosmetics, and Others. Based on Function, the market is segmented into Thickening & Gelling, Stabilizing, Emulsifying, Binding, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Gelatin Substitutes Market is Projected to reach USD 3.2 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NOW Foods, Inc., Cargill, Incorporated, Gelita AG, B&V S.r.l, Agarmex, S.A. DE C.V., Java Biocolloid (Hakiki Group), Great American Spice Company, Special Ingredients Ltd, Brova Limited, and A.F. Suter and Co. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Agar-Agar
- Carrageenan
- Guar Gum
- Xanthan Gum
- Pectin
- Cornstarch
- Others
By Application
- Food & Beverage
- Pharmaceutical & Nutraceutical
- Personal Care & Cosmetics
- Others
By Function
- Thickening & Gelling
- Stabilizing
- Emulsifying
- Binding
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- NOW Foods, Inc.
- Cargill, Incorporated
- Gelita AG
- B&V S.r.l
- Agarmex, S.A. DE C.V.
- Java Biocolloid (Hakiki Group)
- Great American Spice Company
- Special Ingredients Ltd
- Brova Limited
- A.F. Suter and Co. Ltd.
TABLE 1 LAMEA Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 4 LAMEA Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 5 LAMEA Agar-Agar Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Agar-Agar Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Carrageenan Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Carrageenan Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Guar Gum Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Guar Gum Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Xanthan Gum Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Xanthan Gum Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Pectin Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Pectin Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Cornstarch Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Cornstarch Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 20 LAMEA Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 21 LAMEA Food & Beverage Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Food & Beverage Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Pharmaceutical & Nutraceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Pharmaceutical & Nutraceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Personal Care & Cosmetics Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Personal Care & Cosmetics Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 30 LAMEA Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 31 LAMEA Thickening & Gelling Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Thickening & Gelling Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Stabilizing Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Stabilizing Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Emulsifying Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Emulsifying Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Binding Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Binding Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Gelatin Substitutes Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Gelatin Substitutes Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 44 Brazil Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 45 Brazil Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 46 Brazil Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 47 Brazil Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 48 Brazil Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 49 Brazil Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 50 Brazil Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 51 Argentina Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 52 Argentina Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 53 Argentina Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 54 Argentina Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 55 Argentina Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 56 Argentina Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 57 Argentina Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 58 Argentina Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 59 UAE Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 60 UAE Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 61 UAE Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 62 UAE Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 63 UAE Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 64 UAE Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 65 UAE Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 66 UAE Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 75 South Africa Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 76 South Africa Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 77 South Africa Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 78 South Africa Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 79 South Africa Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 80 South Africa Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 81 South Africa Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 82 South Africa Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 83 Nigeria Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 86 Nigeria Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 87 Nigeria Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 88 Nigeria Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 89 Nigeria Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 90 Nigeria Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Gelatin Substitutes Market, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Gelatin Substitutes Market, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Gelatin Substitutes Market by Product, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Gelatin Substitutes Market by Product, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Gelatin Substitutes Market by Application, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Gelatin Substitutes Market by Application, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Gelatin Substitutes Market by Function, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Gelatin Substitutes Market by Function, 2022 - 2028, USD Million
TABLE 99 Key Information – NOW Foods, Inc.
TABLE 100 Key Information – Cargill, Incorporated
TABLE 101 key Information – Gelita AG
TABLE 102 Key Information – B&V S.r.l
TABLE 103 Key Information – Agarmex, S.A. DE C.V.
TABLE 104 Key Information – Java Biocolloid
TABLE 105 Key Information – Great American Spice Company
TABLE 106 Key Information – Special Ingredients Ltd.
TABLE 107 Key Information – Brova Limited
TABLE 108 Key Information – A.F. Suter and Co. Ltd.
List of Figures
FIG 1 Methodology for the research