![]() Agar-agar is a natural hydrocolloid made from the red seaweeds Gracilaria and Gelidium. Product Type InsightsĪgar-agar dominated the product type segment with a revenue share of over 39% in 2022. The rising prevalence of noncommunicable diseases, the growing aging population, and chronic disorders are expected to fuel the growth of the pharmaceutical sector, resulting in increased product consumption in the application thereby promoting market growth during the estimated timeframe. Increasing product penetration in the pharmaceutical sector is anticipated to be a major growth driver of the overall market growth. ![]() These properties of gelatin substitutes are expected to augment the product demand in the coming years. It smoothly glazes products such as doughnuts and pastries as well as makes the glaze more viscous. Additionally, due to the significant temperature difference between their gelation point and melting point, gelatin substitutes have the unique ability to form a thermo-reversible gel. ![]() Plant-based gelatin substitutes-products, unlike conventional animal-based gelatin desserts, remain firm outside of the refrigerator and quickly set alcoholic and acidic liquids during preparation. As a result, the plant-based gelatin substitutes are anticipated to be positively impacted by such a shift towards using organic and plant-based food ingredients. The market for plant-based ingredients is being driven up by perceptions of the negative effects of animal-based foods on both health and the environment as well as rising awareness regarding animal welfare. The reasons for such a large-scale dietary change are related to the growing research on the health advantages of plant-based foods, which is being pushed by public health organizations around the world. Plant-based food ingredients are in high demand because many consumers want to make significant lifestyle changes, particularly in their eating habits such as shifting towards plant-based food and beverage products. Therefore, the rising incorporation of the product in food & beverage applications is expected to positively impact the industry’s growth. One of the most widely used gelatin substitutes, powder agar, has more applications in the commercial food industry while strip agar has traditionally been used only in domestic cooking. Gelatin substitutes as ingredients are increasingly used in food items such as marshmallows, jellies, jams, cakes, custard, glazes, gummy bears, fruit syrups, flan, icing, and baking dough. Furthermore, the pandemic compelled consumers to stock up on healthy and essential food products such as baked goods, snack bars, and others which led to the rise in demand for gelatin substitute products in the food & beverage industry. However, the demand for nutraceutical products, functional foods, and dietary supplements such as capsules, gummies, soft gels, and tablets increased during the pandemic owing to rising health consciousness and awareness towards consuming immunity-boosting supplements. ![]() This led to raw material scarcity and supply chain disruption, negatively impacting overall production. ![]() The manufacturing of gelatin substitutes halted as a result of lockdowns and trade restrictions imposed by various governments across the globe. The main factors driving the global market growth are an increasing number of people adopting vegan and vegetarian diets and the growing use of these products in various industries, including cosmetics, food and beverage, and pharmaceutical & nutraceutical.ĬOVID-19 had a moderate impact on the global gelatin substitutes market. The global gelatin substitutes market size was worth USD 349.60 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. ![]()
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