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Pharmaceutical Gelatin Market 2024-2033: Size, Share, Outlook, and Strategic Opportunities Assessment
Pharmaceutical Gelatin Market
The Business Research Company presents an extensive market research report on the Pharmaceutical Gelatin Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The pharmaceutical gelatin market size has grown strongly in recent years. It will grow from $1.21 billion in 2023 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing pharmaceutical industry, rising preference for capsule dosage forms, increasing health awareness, halal and kosher gelatin demand.
The pharmaceutical gelatin market size is expected to see strong growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to nutraceutical demand surge, rising geriatric population, sustainable practices and eco-friendly solutions, global pharmaceutical industry growth, biodegradable capsules use. Major trends in the forecast period include shift towards plant-based alternatives, advanced drug delivery systems, technological advancements in gelatin production, evolving capsule dosage forms.
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Key Market Players:
Major companies operating in the pharmaceutical gelatin market report are Nitta Gelatin Inc., Lonza Group AG, Darling Ingredients Inc., Catalent Inc., Tessenderlo Group NV, Gelita AG, Rousselot Inc., Weishardt & Co. KG, Batotau Dongbao Bio-Tech, Nippi Collagen Co. Ltd., Apex Pharma Ltd., Narmada Gelatines Ltd., Aspire Pharmaceuticals Pvt. Ltd., Sterling Gelatin Limited, Junca Gelatines SL, Trobas Pharmaceutical gelatine B.V., Gelco International, Reichert Gruppe Ingredients GmbH, Norland Products Inc., Lapi Gelatine S.p.a., Italgelatine S.p.A, Kenney & Ross Limited, Norland Products Inc., Xiamen Yasin industry & Trade Co. Ltd., PB Gelatins SA
Market Drivers:
The increasing demand for health and wellness is expected to propel the growth of the pharmaceutical gelatin market going forward. Health and wellness are terms that encompass a holistic approach to overall well-being, incorporating physical, mental, and social aspects of health. Pharmaceutical gelatin is used in health and wellness to deliver medications safely and effectively by improving the effectiveness of some medications and reducing the need for frequent dosing. For instance, in January 2024, according to Wellness Creative Co, a UK-based wellness company, the health and wellness sector is expected to reach $7.2 trillion by 2025, growing at an annual rate of 8.5%. Therefore, the increasing demand for health and wellness is driving the growth of the pharmaceutical gelatin market.
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https://www.thebusinessresearchcompany.com/report/pharmaceutical-gelatin-global-market-report
The pharmaceutical gelatin market covered in this report is segmented -
1) By Type: Type A, Type B
2) By Function: Stabilizing Agent, Thickening Agent, Gelling Agent & other function
3) By Source: Porcine, Bovine Skin, Bovine Bone, Marine, Poultry
4) By Application: Hard Capsules, Softgel Capsules, Tablets, Absorbable Hemostats, Other Applications
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