The Gelatin and Its Derivatives market in Estonia has seen a declining trend over the past decade, reaching a value of 488.15 thousand Euros by 2023. From 2013 to 2023, the market faced significant volatility, peaking in 2013 at 728.6 thousand Euros before experiencing steady declines. Notably, in 2022 and 2023, the market contracted by 11.42% and 4.58% respectively, culminating in a five-year CAGR of -2.99%.
Future trends to watch for include potential recovery driven by innovations in edible and pharmaceutical applications, alongside increasing demand for natural and clean-label ingredients in food manufacturing, which may help reverse the current downturn.
How does Estonia rank in Gelatin and Its Derivatives Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 210,690,000 | 2023 | +2.97% | +8.41% | View data |
| 2 | 2 Spain | 130,040,000 | 2023 | +3.19% | +3.5% | View data |
| 3 | 3 United Kingdom | 90,376,000 | 2023 | -0.071% | +0.031% | View data |
| 4 | 4 Netherlands | 85,727,000 | 2023 | -1.02% | -1.16% | View data |
| 5 | 5 Poland | 68,610,000 | 2023 | +1.2% | +2.52% | View data |
| 10 | 10 Bulgaria | 6,682,400 | 2023 | +5.16% | +3.61% | View data |
| 11 | 11 Finland | 4,387,700 | 2023 | -2.96% | -2.37% | View data |
| 12 | 12 Estonia | 488,150 | 2023 | -4.58% | -2.99% | |
