Vietnam Gelatin Market Size & Outlook, 2021-2030
Vietnam gelatin market, 2018-2030 (US$M)
Related Markets
Vietnam gelatin market highlights
- The Vietnam gelatin market generated a revenue of USD 39.9 million in 2021 and is expected to reach USD 96.2 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 10.3% 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 39.9 million |
| Market revenue in 2030 | USD 96.2 million |
| Growth rate | 10.3% (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, Vietnam accounted for 0.7% 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 Asia Pacific, China gelatin market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 894.4 million by 2030.
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Gelatin Market Scope
Gelatin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Vietnam 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 35.34% in 2021. Horizon Databook has segmented the Vietnam gelatin market based on bovine, porcine, poultry, marine covering the revenue growth of each sub-segment from 2018 to 2030.
The gelatin market growth in the country is expected to be driven by the increasing production and consumption of meat and meat products. According to United Nations Conference on Trade and Development, the meat consumption in Vietnam is expected to rise by 14% by 2028. In addition, the country is one of the major exporters of meat like pork, poultry, eggs, among others. On the contrary, Vietnam’s livestock sector is facing major challenges, including high feed cost, various disease outbreak related to animals, and ongoing COVID-19 pandemic.
For instance, to curb the spread of COVID-19 pandemic, many restrictions were imposed due to which the meat demand witnessed a steep decline of 30-50%, according to Ministry of Agriculture and Rural Development (MARD). In addition, the demand for livestock products fell sharply due to consumer’s loss and income and various animal disease outbreaks such as African Swine Fever (ASF) resulting in the death of nearly 280,000 pigs, according to USDA Foreign Agricultural Service. However, the Vietnam livestock industry is undergoing a phase of restructuring.
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Our clientele includes a mix of gelatin market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Vietnam gelatin market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam gelatin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam gelatin market size, by source, 2018-2030 (US$M)
Vietnam Gelatin Market Outlook Share, 2021 & 2030 (US$M)
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