Gelatin Prices

Gelatin Price Trend and Forecast

Track the latest insights on gelatin price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Gelatin Prices Q4 2024

During the last quarter of 2024, the gelatin prices in the United States reached 7247 USD/MT in December. The prices steadily decreased in Q4 2024 due to political and economic unpredictability. Early consumer confidence was weakened by worries about inflation and election-related uncertainty, which caused businesses to cut prices. While the resolved supply chain problems decreased shipping costs in November, sluggish demand from healthcare, food and beverage, and pharmaceutical industries further pushed costs upward.

In the last quarter of 2024, gelatin prices in China remained at 6340 USD/MT in December. A combination of international and domestic causes caused China's gelatin prices to decline in Q4 2024 steadily. In addition, competitive price cuts were prompted by a market that was oversupplied and had decreased consumer demand. While reduced crude oil prices enabled manufacturers in the country to pass savings forward, ongoing geopolitical concerns and muted external demand further undermined prices in November. By December 2024, a broad-based reduction in prices was solidified by disinflation and a seasonal slump in orders.

During the last quarter of 2024, gelatin pricing in France saw fluctuations. The quarter ended with Gelatin priced at 8853 USD/MT in December. Due to economic challenges and weakened demand, French gelatin prices steadily decreased. Early in the quarter, suppliers in the country aggressively lowered their prices due to uncertainty in the market and worries about inflation. Rates were further impacted by transportation and logistical conditions as well as weak demand from important industries. By the end of the year, price reductions continued due to careful consumer behavior and planned inventory adjustments, which reflected a difficult economic environment during that time.

Gelatin Prices Q2 2024

The gelatin prices reached 7560 USD/MT in June in the United States for Q2 2024. Notable price changes were witnessed in the country, indicating ample supply and falling demand. Mid-year preparations observed a seasonal spike in demand, showcasing a cautious economic outlook. The market faced a drop in product prices in contrast with the previous quarter.                        

The price trend for gelatin for Q2 2024 was 7300 USD/MT in June in South Korea. The country witnessed even consumer confidence in the manufacturing industry, which further contributed to cautious spending patterns of individuals. The market saw a bearish trend, prompting suppliers to lower prices for managing excess inventory levels.   

Germany’s gelatin prices reached 8700 USD/MT for Q2 2024 in June. There was an economic downturn on account of lower user sentiment and industrial orders. Seasonal fluctuations in demand and cautious consumer behavior further exaggerated these trends. Prices remained constant as compared to the preceding quarter, but a significant decline between the first and second halves of the quarter was also demonstrated.             

Gelatin Prices Q1 2024

The gelatin prices reached 7780 USD/MT in March in the United States for Q1 2024. The country witnessed significant volatility owing to numerous factors. The market saw a drop in product prices on account of cautious consumer sentiment accompanied by sluggish retail sales and increasing inflation. This further caused lowered consumer spending.    

The price trend for gelatin in South Korea for Q1 2024 settled at 7530 USD/MT in March. The market exhibited increased demand that outperformed available supply. Moreover, market participants capitalized on the situation by trading already available stocks at inflated rates to increase profitability. Furthermore, the country reflected a favorable market trend as well as robust demand.      

Germany’s gelatin prices for Q1 2024 accounted for 8850 USD/MT in March. The country noted disturbances in trade paths between Europe and Asia, causing higher cargo rates that affected product prices. Besides this, prices began to decline in March because of insufficient demand from the domestic market and a considerably high backlog of orders.     

Gelatin Prices Q4 2023

The gelatin prices in the United States for Q4 2023 reached 7530 USD/MT in December. The market initially saw prices rise due to strong demand and logistical challenges. However, as the year ended, the market corrected with a decrease in prices, driven by a global dip in demand and efforts to reduce inventory levels.

The price trend for gelatin in South Korea for Q4 2023 settled at 7220 USD/MT in December. The market experienced initial price gains driven by energy cost hikes and import reductions. Nonetheless, subsequent months saw a reversal with prices falling amid economic slowdowns and changes in consumer preferences.

In Germany, the gelatin prices for Q4 2023 reached 8540 USD/MT in December. The market registered a notable price decline influenced by rising inflation and a sluggish manufacturing sector, which pressured the overall demand and pricing structure within the country.

Regional Coverage

The report provides a detailed analysis of the gelatin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the gelatin price trend. 

Global Gelatin Price Trend

The report offers a holistic view of the global gelatin pricing trends in the form of gelatin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into gelatin historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into gelatin price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed gelatin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Gelatin Price Trend

Q4 2024:

In Q4 2024, Germany's gelatin prices steadily declined as a result of regional market adjustments, sluggish consumption, and economic pressures. In October, declining shipping costs on Asia-Europe trade routes heightened pricing competitiveness, while inflation worries, and frugal spending reduced demand. The food, pharmaceutical, and healthcare industries in Europe continued to show weak demand in November, and lower energy costs further eased price pressure. In addition to logistical challenges brought on by the harsh winter weather, December saw a slowdown in purchasing, especially in the F&B and personal care sectors. Throughout the quarter, the negative price movement was maintained by a combination of sluggish market activity, careful inventory management, and economic uncertainty.

Q2 2024:

In Q2 2024, gelatin prices in Europe experienced a significant drop due to a combination of complex factors. Subdued consumer demand, along with a sluggish economic recovery, impacted the dynamics of the market. In addition, logistical bottlenecks and extended lead times, reflected increased operational costs. Consumer expenditure was curtailed owing to the European Central Bank’s aim to maintain high interest rates. As a result, this step provoked organizations to implement conservative pricing strategies. Furthermore, Germany exhibited price changes, which demonstrated an economic downturn.   

Q1 2024:

Gelatin pricing in Europe was driven by multiple key factors in the first quarter of 2024. Primarily, prices increased, which can be attributed to geopolitical tensions and restricted inventories. On the other hand, complex trade routes between Europe and Asia, caused a surge in freight prices. In addition, the decision of the central bank to retain the existing interest rate further contributed to the difficulty of the market, thereby straining purchasing power of individuals. As a result, the pricing dynamics of gelatin in the region demonstrated the interplay of these issues, underscoring the problems in the market.        

Q4 2023:

Throughout Europe, the gelatin market experienced a downward trend in demand impacted by high interest rates and a general decline in consumer spending. This reduction was further exacerbated by the presence of substitute gelling agents like agar and pectin. Despite a sufficient supply within the region, the appreciation of the Euro curtailed export activities by making European gelatin more costly on the international market. This scenario was particularly evident in Germany, where the combination of high inflation and reduced industrial activity led to lower prices and demand as the quarter concluded.

This analysis can be extended to include detailed gelatin price information for a comprehensive list of countries.

North America Gelatin Price Trend

Q4 2024:

In Q4 2024, Germany's gelatin prices steadily declined as a result of regional market adjustments, sluggish consumption, and economic pressures. In October, declining shipping costs on Asia-Europe trade routes heightened pricing competitiveness, while inflation worries, and frugal spending reduced demand. The food, pharmaceutical, and healthcare industries in Europe continued to show weak demand in November, and lower energy costs further eased price pressure. In addition to logistical challenges brought on by the harsh winter weather, December saw a slowdown in purchasing, especially in the F&B and personal care sectors. Throughout the quarter, the negative price movement was maintained by a combination of sluggish market activity, careful inventory management, and economic uncertainty.

Q2 2024:

In Q2 2024, North America’s gelatin market experienced a considerable decline due to several interrelated factors. Business activity slowed markedly, with new orders decreasing and backlogs shrinking. This environment was characterized by weaker-than-expected demand and constant inflationary pressures, which contributed to falling product prices and negatively impacted the spending of individuals. Furthermore, importer’s strategies to frontload imports caused an oversupply in the market. This was further exacerbated by logistical challenges like geopolitical tensions. In the United States, substantial price changes were exhibited, indicating falling demand and access supply.

Q1 2024:      

In Q1 2024, gelatin pricing trends in the North American region saw significant volatility, driven by several key factors. Declined prices was observed at the beginning of the quarter because of cautious consumer sentiment accompanied by slow retail sales, along with high inflation. This further caused lowered consumer spending. On the other hand, February and March demonstrated a significant uptick on account of improved business sentiments. Besides this, compounding these trends were supply chain challenges including interruptions at critical shipping chokepoints, which caused delayed product deliveries.

Q4 2023:

In North America, the gelatin market faced varied dynamics throughout the latter part of the year. Initially, the increased orders from the pharmaceutical and food sectors pushed prices upward. As the quarter progressed, high inflation and rising interest rates impacted the buying power of consumers, leading to a softened market. By the end of the period, an adjustment in pricing strategies was necessary as manufacturers aimed to navigate the challenges posed by an oversupply and a dampened demand landscape, prompting them to lower prices to manage excess inventory.

Specific gelatin historical data within the United States and Canada can also be provided

Middle East and Africa Gelatin Price Trend

The report explores the gelatin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on gelatin prices for countries can also be provided.

Asia Pacific Gelatin Price Trend

Q4 2024:

In Q4 2024, prices declined due to domestic excess. Increased competition occurred in October as producers in Asia-Pacific lowered their prices to hold onto market share in the face of weak consumer spending. Prices were further reduced in November by surplus inventory and reduced demand from export markets such as the U.S. and Europe. Declining crude oil prices also contributed to operational cost reductions. By December, suppliers had excess inventory due to decreased seasonal requirements and less overseas trade, which led to additional price cuts. Due to conservative purchasing practices and economic uncertainties, gelatin prices in Asia-Pacific continued to decline as the quarter came to an end.

Q2 2024:

Asia Pacific’s gelatin market saw a significant drop in prices due to a range of economic challenges in Q2 2024. Increased interest rates, subdued consumer confidence, and persistent inflation dampened demand considerably. Deflationary pressures lowered operational costs, allowing suppliers to pass these savings on to users. In line with this, oversupply became a pressing issue, with market participants attempting to clear inventories at decreased price points amid deficient new orders from domestic as well as international markets. Geopolitical tensions, especially those related to conflicts in the Middle East, added uncertainty to the market, causing buyers to delay or reduce their orders. 

Q1 2024:

Asia Pacific’s gelatin prices observed notable fluctuations in Q1 2024, driven by numerous factors. Demand from industries like food and pharmaceuticals significantly impacted market dynamics. Throughout the quarter, gelatin prices surged on account of improved business sentiment, marked by a significant hike in new orders and inquiries. In line with this, inflationary pressures, especially related to energy costs, added operational burdens to businesses, further driving up prices. Furthermore, the South Korean market experienced an increase in demand that outpaced the available supply.   

Q4 2023:

The Asia Pacific gelatin market witnessed a series of fluctuations during the closing quarter of the year, initially marked by a spike in prices due to a decrease in imports and robust local demand. However, economic deceleration and climbing interest rates soon influenced buyer sentiment, curbing demand particularly in the food and beverage sector. In South Korea, the market saw early price increases due to heightened energy costs and limited imports. Yet, as consumer demand shifted and economic challenges persisted, prices adjusted downward, reflecting a complex interplay of market forces.

This gelatin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Gelatin Price Trend

Q4 2024:

Latin America's gelatin market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in gelatin prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing gelatin pricing trends in this region.

Q4 2023:

The analysis of gelatin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Gelatin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Gelatin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of gelatin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of gelatin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of gelatin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing gelatin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Gelatin Industry Analysis

The global gelatin industry size reached 464,410 tons in 2023. By 2032, IMARC Group expects the market to reach 526,920 tons, at a projected CAGR of 1.40% during 2023-2032.

• The food and beverage sector worldwide is growing exponentially. In emerging economies like India, it will reach a value of US$ 470 Billion by FY2025, rising from USD 263 Billion in FY2021. The F&B industry is witnessing elevating product demand as a gelling, stabilizing, and thickening agent in confectionery, desserts, meat, and dairy, thereby bolstering its market share.
• The pharmaceutical sector relies heavily on gelatin for coating and encapsulation of medicines. It also has an excellent absorption capacity, which makes it highly suitable for hemostatic sponges, ostomy patches, and wound healing products. The growth of the pharmaceutical sector due to increased healthcare spending and improved infrastructure is growing product usage.
• Additionally, the rising health consciousness among individuals has encouraged the adoption of ingredients such as gelatin derived from natural sources. In addition, the emerging wellness trends are also acting as significant growth-inducing factors. For example, according to the Global Wellness Institute, in 2022, the global wellness market was valued at US$5.6 Trillion.
• The cosmetic industry is embracing gelatin owing to its moisture-retaining properties. It stimulates collagen production and promotes firmness and elasticity in the skin. As a result, gelatin is incorporated into body lotions, face creams, shampoos, sunscreens, and hair sprays. Consequently, the growth of the cosmetic industry is creating a positive impact on the market. The market for cosmetics is growing at a rate of 4.8% annually and will reach US $ 618.7 billion by 2032.
• The nutraceutical sector is seeking gelatin because of its ability to improve bone density, strengthen joints, and enhance skin elasticity. As the market for nutraceuticals is projected to grow by 6.7% annually, reaching USD 856.3 Billion by 2032, the demand for ingredients like gelatin is expected to surge significantly.

Gelatin News

The report covers the latest developments, updates, and trends impacting the global gelatin industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in gelatin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the gelatin price trend.

Latest developments in the gelatin industry:

• April 2023: Darling Ingredients, the parent company of health brand Rousselot, completed the acquisition of Gelnex, a Brazilian gelatin and collagen producer. Under this agreement, the company has spent approximately US$1.2 Billion in Gelnex’s five facilities in South America and one in the United States, with the capacity to produce 46000 metric tons of gelatin and collagen products yearly.
• March 2023: Gelita launched a product variant, which allowed the starch-free production of gelatin with a sensory profile that was previously only attainable with a starch-based manufacturing process.

Product Description

Gelatin is a flavorless, colorless, and translucent biopolymer that is prepared by the thermal denaturalization of collagen. Its key functions include adhesion, film formation, thickening, gelling, foaming, water binding, fining, and emulsification. In addition, gelatin is a naturally occurring protein that is compatible with human tissues, has a low allergenicity, and is thermo-reversible.

It comes from animals like cows and pigs' skin, bones, tendons, and ligaments. A number of processes are involved in the production of gelatin, including raw material pretreatment, extraction, purification, thickening, and drying.

It is a crucial component of gummy candy, ice cream, baked products, smoothies, broths, sauces, and soups. Additionally, the production of paper, capsules, cosmetics, ointments, and photographic films all contain gelatin. It is an inexpensive, multipurpose component that gives goods texture, solidity, and chewiness. Furthermore, gelatin helps with the treatment of diarrhea, brittle nails, osteoporosis, and aging skin.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of gelatin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting gelatin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The gelatin price charts ensure our clients remain at the forefront of the industry.