Saudi Arabia Gelatin Market Size & Outlook, 2021-2030
Saudi Arabia gelatin market, 2018-2030 (US$M)
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Saudi Arabia gelatin market highlights
- The Saudi Arabia gelatin market generated a revenue of USD 35.2 million in 2021 and is expected to reach USD 64.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% from 2022 to 2030.
- In terms of segment, bovine was the largest revenue generating source in 2021.
- Marine is the most lucrative source segment registering the fastest growth during the forecast period.
Gelatin market data book summary
| Market revenue in 2021 | USD 35.2 million |
| Market revenue in 2030 | USD 64.0 million |
| Growth rate | 6.9% (CAGR from 2021 to 2030) |
| Largest segment | Bovine |
| Fastest growing segment | Marine |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bovine, Porcine, Poultry, Marine |
| Key market players worldwide | Gelita AG, Darling Ingredients Inc, Panoramic Resources Ltd, Tessenderlo Group NV, Shanghai Universal pharmaceutical machinery co., PB Leiner, Sterling Gelatin, Weishardt, Junca Gelatines, Nitta Gelatin USA |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global gelatin market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia gelatin market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 42.8 million by 2030.
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Gelatin Market Scope
Gelatin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia gelatin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gelatin market will help companies and investors design strategic landscapes.
Bovine was the largest segment with a revenue share of 35.23% in 2021. Horizon Databook has segmented the Saudi Arabia gelatin market based on bovine, porcine, poultry, marine covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for gelatin in Saudi Arabia is expected to be driven by its use in various applications in the cosmetics, food & beverage, and medical sectors. The market has benefitted from the rising disposable income of consumers and a rising geriatric population, which, in turn, has triggered the demand for gelatin-based cosmetics and wellness products. Gelatin is used in the manufacturing of pharmaceuticals, foods, vitamin capsules, and cosmetics. The demand for the product is growing substantially in the cosmetics industry on account of increasing awareness about skin care among the population across the country.
In addition, the growing healthcare expenditure in these countries is expected to drive the demand for gelatin over the forecast period. Furthermore, advancements in production technology and the growing consumption of functional beverages are expected to further increase the demand for gelatin in the country. The market is expected to register growth due to the growing demand for dairy products such as yogurt, butter, buttermilk, cheese, cream, and curd, coupled with the growth of the disposable incomes of the consumers in the country.
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Our clientele includes a mix of gelatin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia gelatin market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia gelatin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia gelatin market size, by source, 2018-2030 (US$M)
Saudi Arabia Gelatin Market Outlook Share, 2021 & 2030 (US$M)
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