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Pharmaceutical Gelatin Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | Nitta Gelatin Inc., Lonza Group AG, Darling Ingredients Inc., Catalent Inc

05-23-2024 01:33 PM CET | Health & Medicine

Press release from: The Business Research Company

Pharmaceutical Gelatin Global Market Report 2024

Pharmaceutical Gelatin Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Pharmaceutical Gelatin Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.67 billion In 2028 At A CAGR Of 6.5% :

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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Pharmaceutical Gelatin Market Major Segments
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

Key Driver - Pharmaceutical Gelatin Market Surges with Rising Demand in the Thriving Health and Wellness Industry

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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Prominent Trend - Revolutionizing Softgel Production Easyseal Gelatin Introduces Advanced Solution

Major companies operating in the pharmaceutical gelatin market are introducing advanced solutions such as, Easyseal gelatin to reduce the production costs associated with soft gel leakers. Easy seal resolves the issue as its solution incorporates optimized seam forming and enhanced seam thickness and stability, making soft capsules more resilient to physical stress and mitigating the problem of leakers. For instance, in December 2023, GELITA MEDICAL GmbH, a Germany-based manufacturer of gelatin and collagen peptides for the food, health, and nutrition pharmaceutical industries, launched Easyseal gelatin. The innovation exhibits reduced dependency on sealing temperature compared to other gelatins and boasts superior drying properties. It helps enhance energy efficiency and also improves overall production capacity. The new product empowers manufacturers to reliably seal capsules at high speeds, especially with suspensions that are typically challenging to fill. It proves particularly beneficial in the creation of products requiring special equipment, such as double-step die tooling.

Pharmaceutical Gelatin 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

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/pharmaceutical-gelatin-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the pharmaceutical gelatin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical gelatin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Gelatin Market Report Structure
3. Pharmaceutical Gelatin Market Trends And Strategies
4. Pharmaceutical Gelatin Market - Macro Economic Scenario
5. Pharmaceutical Gelatin Market Size And Growth
…..
27. Pharmaceutical Gelatin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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