Bovine Gelatin Market to Be Worth $3.08 Billion by 2031

Meticulous Research®-a leading global market research company, published a research report titled 'Bovine Gelatin Market by Type (Type A, Type B), Nature (Organic, Conventional), Form (Powder, Liquid), Function (Stabilizer, Gelling Agent), Application (Food & Beverages, Pharmaceuticals, Nutraceuticals), Distribution Channel - Global Forecast to 2031.'

According to this latest publication from Meticulous Research®, the bovine gelatin market is projected to reach $3.08 billion by 2031, at a CAGR of 8.5% during the forecast period 2024-2031. The growth of this market is being propelled by factors such as the growing demand for functional and convenience food products, increasing application of gelatin in the pharmaceutical industry, growing protein and nutricosmetics consumption, the rising geriatric population, and athletes aiding consumption of gelatin-based products. However, safety concerns and the limited acceptance due to cultural restrictions are restraining the growth of this market. Moreover, the use of gelatin in fortified confectionery and sports nutrition products is expected to generate significant growth opportunities for the stakeholders in this market. On the other hand, the rising prices and scarcity of raw materials is a major challenge impacting market growth.
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Key Players
Some of the key players operating in the bovine gelatin market are Nitta Gelatin Inc. (Japan), GELITA AG (Germany), LAPI GELATINE S.p.a. (Italy), Bernard Jansen Products Inc. (U.S.), Nutra Food Ingredients, LLC (U.S.), Darling Ingredients Inc. (U.S.), Jellice Pioneer Europe B.V. (Netherlands), Tessenderlo Group NV (Belgium), Trobas Gelatine B.V. (Netherlands), GELNEX (Brazil), Weishardt (France), Juncà Gelatines SL (Spain), and India Gelatine & Chemicals Ltd. (India).

The bovine gelatin market is segmented based on type (type A and type B), nature (organic and conventional), form (powder, liquid, and other forms), function (stabilizer, thickener, gelling agent, and other functions), application (food & beverages {dairy products, confectionery, convenience foods, desserts, beverages, other food & beverages}, cosmetics & personal care, pharmaceuticals, nutraceuticals, and other applications), distribution channel (business-to-business {B2B} and business-to-consumer {B2C}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the type A segment is expected to account for the larger share of the bovine gelatin market in 2024. The segment's large share is mainly attributed to its wider usage in the food & beverage industry and the high nutritional composition of type A bovine gelatin. Also, in the food industry, type A bovine gelatin is prized for its ability to improve the texture and mouthfeel of products. It also provides a smooth, creamy texture to desserts, confectionery items, dairy products, and meat products. These factors contribute to the segment's large share.
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Based on nature, the conventional segment is expected to account for the larger share of the bovine gelatin market in 2024. Conventional bovine gelatin is comparatively economical for mass manufacturing and, hence, is widely adopted by manufacturers. In addition, in developing economies, consumers are more conscious about the price they pay while making purchase decisions. Hence, the rise in awareness about the health benefits of bovine gelatins leads to a rise in consumption of conventional gelatin in developing economies. These factors contribute to the segment's large share.

However, the organic segment is projected to witness significant growth during the forecast period of 2024-2031. The rapid growth of this segment is mainly driven by the growing preference for organic products among consumers.
Based on form, the powder form segment is projected to witness significant growth during the forecast period of 2024-2031. The rapid growth of this segment is mainly driven by its several advantages, including ease of use and storing and cost-effectiveness. With the ability to dissolve in both hot and cold liquids, powdered gelatin provides flexibility and control over hydration, ensuring the desired texture and consistency. Additionally, its long shelf life, compact storage, and widespread availability make it a practical choice for home cooks and commercial food producers.

Based on function, the thickener segment is projected to witness significant growth during the forecast period of 2024-2031. The rapid growth in the adoption of gelatin as a thickening agent is mainly driven by its ability to improve a liquid's viscosity without changing its inherent characteristics. The demand for ingredients as thickeners is anticipated to rise as the food sector expands in the Asia-Pacific region as a result of rising population and rising demand for packaged food with increasing per capita income levels in countries like China and India.

Based on application, the food & beverages segment is expected to account for the largest share of the bovine gelatin market in 2024. The segment's large share is mainly attributed to vast applications of bovine gelatin across the food & beverages industry due to its unique gelling and surface behavior properties. These properties are crucial for achieving the desired texture, consistency, and quality in various food products. In addition, bovine gelatin is a protein-rich ingredient. In protein bars, drinks, and other functional foods, it serves as a protein supplement, contributing to the nutritional content of the final product. These factors contribute to the segment's large share.

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Based on distribution channel, the business-to-consumer (B2C) segment is projected to witness significant growth during the forecast period of 2024-2031. The rapid growth of this segment is mainly driven by the rising population density in urban areas, the increasing trend of online shopping, the rising popularity of the franchising concept, the growing preference for personalization, consumer convenience, and greater product selection.

Based on geography, the bovine gelatin market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of the bovine gelatin market. The large share of this regional market is mainly attributed to the growing health awareness, rising aging population, health and wellness trend, and the increasing bovine gelatin demand from end-use industries such as food & beverages, pharmaceuticals, and cosmetics, among others. Moreover, the rising demand for packaged products in countries such as Germany and the U.K. also surges the demand for the products, as bovine gelatin is largely used as a stabilizer in packaged foods as well as for improving shelf life.

However, Asia-Pacific is projected to record the highest CAGR during the forecast period due to the increasing number of food manufacturers and the prevailing food processing industry, particularly in China and India. The rapid growth in population, rising awareness of nutrition and personal well-being, steady pace of industrialization, high spending on personal care products, and abundant availability of raw materials for bovine gelatin manufacturing also contribute to the region's high growth rate.

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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of type, nature, form, function, application, distribution channel, and geography?
• What is the historical market size for bovine gelatin across the globe?
• What are the market forecasts and estimates for the period 2024-2031?
• What are the major drivers, restraints, opportunities, and challenges in the bovine gelatin market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• What is the competitive landscape like?
• What are the different strategies adopted by the major players in the bovine gelatin market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the bovine gelatin market, and how do they compete with other players?

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This release was published on openPR.