Gelatin Prices

Gelatin Prices June 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 March 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 December 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

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

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

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

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

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

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 2024 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 Market Analysis

The global gelatin market 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 increasing product demand in the food industry as a gelling, stabilizing, and thickening agent in confectionery, desserts, meat, and dairy is expanding its market share. The food and beverage (F&B) sector worldwide is growing at an incredible rate. In emerging economies like India, it will reach a value of US$ 470 billion by FY2025, rising from USD 263 billion in FY2021. In regions like Europe, the F&B industry generated a turnover of Euro 1.1 trillion in 2023.
• 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 pharmaceutical sector is growing at an astonishing rate due to increased healthcare spending, improved infrastructure, and more awareness. For instance, the pharmaceutical industry in the UK has a turnover of 40.8 billion pounds. Also, by 2030, the pharmaceutical sector in India is projected to grow to $130 billion. Additionally, India exports a lot of medications to more than 200 nations.
• Additionally, health consciousness is rising among individuals at an incredible pace. It has encouraged the adoption of ingredients derived from natural sources, such as gelatin. By 2022, the global wellness market was anticipated to be worth $5.6 trillion, up 14% from 2019 estimates, according to the Global Wellness Institute. Weight reduction, nutrition, and healthy eating contributed $1079 billion to the wellness sector.
• The cosmetic industry is embracing gelatin thanks 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. 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 market, 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:

• In April 2023, Darling Ingredients, the parent company of health brand Rousselot has completed the acquisition of Gelnex, a Brazilian gelatin and collagen producer. Under this agreement, the company has spent approximately $1.2 billion to acquire 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.
• In March 2023, Gelita launched a new fast-setting gelatin, which allows 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.