The import of gelatin, isinglass, and glues of animal origin to the UK is projected to show a steady increase from 2024 to 2028, reaching a value of 92.675 million USD by 2028. As of the end of 2023, the import stood at a slightly lower figure, as the forecast data was used for the assessment starting 2024.
Year-on-year growth indicates a moderate increase, averaging a compound annual growth rate (CAGR) of approximately 0.4% over this five-year period. This suggests a stable demand for these products in the UK market.
Future trends to watch:
- Emerging substitutes for animal-based products due to growing vegan and vegetarian preferences could impact demand dynamics.
- Technological advancements in synthetic alternatives might affect the traditional supply chain.
- Economic fluctuations could influence import costs and pricing strategies.
