MarketsandMarkets projects the global gelatin market will grow from USD 4.59 billion in 2026 to USD 6.43 billion by 2031, registering a compound annual growth rate (CAGR) of 7.0%. The expansion is driven by increasing demand for natural, protein-based ingredients and clean-label formulations across food, pharmaceuticals, and personal care sectors.

Market Dynamics

The report highlights that rising consumer interest in health and wellness products is a primary catalyst for this growth. Manufacturers are responding to demand for multifunctional ingredients that offer both nutritional and functional benefits, such as gelling, stabilizing, and film-forming properties. This shift is evident in the expanding use of gelatin in confectionery, functional foods, dietary supplements, and pharmaceutical formulations.

Segment Analysis

Marine gelatin is projected to be the fastest-growing source segment during the forecast period. Derived from fish skin, scales, and bones, it serves as a viable alternative to bovine and porcine sources, aligning with Halal and Kosher requirements. This segment benefits from growing demand in nutraceuticals, cosmetics, and functional foods, alongside efforts to utilize fish processing by-products sustainably.

In terms of application, the health and nutrition segment is expected to register the fastest growth. Increasing awareness of preventive healthcare, physical fitness, and healthy aging is driving demand for gelatin in nutraceutical formulations, protein-enriched products, and collagen-based wellness solutions. Key applications include gummy supplements, sports nutrition, and products targeting joint, bone, and skin health.

Regional Outlook

Asia Pacific is identified as the fastest-growing region in the gelatin industry. Growth in this region is supported by expanding food, beverage, pharmaceutical, and nutraceutical industries in countries such as China, India, and Japan. Rising consumer health consciousness, increased consumption of dietary supplements, and growing pharmaceutical production capacity are strengthening regional demand.

Competitive Landscape

The global gelatin market features several key players, including Darling Ingredients (US), Tessenderlo Group (Belgium), GELITA (Germany), Nitta Gelatin (Japan), Lapi Gelatine s.p.a (Italy), India Gelatine & Chemicals Ltd. (India), Narmada Gelatines Ltd (India), Nippi, Inc. (Japan), Weishardt (France), Trobas B.V. (Netherlands), and various Chinese manufacturers such as Shandong Hengxin Biotech Co., Ltd. and Baotou Dongbao Bio-Tech Co., Ltd.

What the Numbers Show

The projected growth from USD 4.59 billion to USD 6.43 billion over five years indicates a robust expansion trajectory, with the market adding approximately USD 1.84 billion in value. The emphasis on marine gelatin and health applications suggests a structural shift in demand drivers, moving beyond traditional food uses toward specialized, health-conscious formulations. This diversification likely reduces dependency on single-source animal by-products while tapping into higher-margin nutraceutical segments.

Nitta Gelatin India Limited shareholders will vote via postal ballot to appoint Arun K Vijayan IAS as a Nominee Director, replacing Vishnuraj P., IAS. The appointment follows a nomination by the company’s promoter, Kerala State Industrial Development Corporation Limited (KSIDC), which holds a 31.53% stake in the gelatin manufacturer. The Board of Directors has recommended the resolution for shareholder approval under Section 110 of the Companies Act, 2013.

The appointment is part of standard governance rotation for nominee directors representing state-owned promoters. Mr. Vijayan, a 2016-batch Indian Administrative Service officer in the Kerala cadre, brings over a decade of administrative experience, including roles as District Collector of Kannur and Director of Industries, Government of Kerala. He currently serves as the Managing Director of KSIDC. The filing confirms that Mr. Vijayan is not related to any other director or key managerial personnel of Nitta Gelatin India Limited, apart from his relationship with fellow KSIDC nominee director APM Mohammed Hanish IAS.

The postal ballot process is governed by Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standard on General Meetings (SS-2). Central Depository Services Limited (CDSL) has been engaged to facilitate remote e-voting. The voting window commences on Monday, August 10, 2026, at 9:00 AM IST and concludes on Tuesday, September 08, 2026, at 5:00 PM IST. Only members holding shares as of the cut-off date, August 03, 2026, are eligible to vote.

Mr. Abhilash Nediyaalil Abraham, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent voting process. The Scrutinizer will submit their report within two working days of the voting closure. Nitta Gelatin India Limited intends to declare the results on or before Thursday, September 10, 2026. If passed, the resolution will be deemed effective on the last day of e-voting, September 08, 2026.

Key Voting Details

Profile of the Proposed Director

Mr. Arun K Vijayan holds a Bachelor of Engineering (Honours) in Electrical Engineering from Birla Institute of Technology and Science (BITS) Pilani and a Master of Public Administration from Jawaharlal Nehru University (JNU). His administrative portfolio includes serving as Sub Collector, Commissioner for Entrance Examinations (CEE), and Director, Urban Affairs. In May 2026, he was appointed Director of Industries, Government of Kerala, alongside additional charge as Managing Director of KSIDC.

The filing discloses that Mr. Vijayan currently serves as a director at Geojit Financial Services Limited. He does not hold any equity shares in Nitta Gelatin India Limited, nor does he receive remuneration apart from sitting fees for attending board meetings. He is not debarred by SEBI or any other authority from holding the office of a director.