The forecast for India's import of gelatin, isinglass, and glues of animal origin indicates a steady growth from 2024 to 2028, with values increasing from $33.775 million to $37.855 million. In 2023, the import value stood at approximately $33 million. The year-on-year percentage increase starts at around 3.1% from 2024 to 2025, gradually declining to near 2.7% by 2028. The Compound Annual Growth Rate (CAGR) over these five years is anticipated to average about 2.9% per year.
Future trends to watch for include:
- Potential fluctuations in raw material costs, affecting import values.
- Trade policies or restrictions impacting import volumes.
- Shifting demand within India's pharmaceutical, food, and adhesive industries, influencing consumption patterns.
- Technological advances in alternatives potentially reducing the demand for traditional gelatin and animal-based glues.