Bovine Gelatin Market Growth Will Be Extreme in the Next Years 2024 - 2031 | Nitta Gelatin, Inc., Lapi Gelatin S.p.A.

Market Overview:

The bovine gelatin market is estimated to be valued at USD 1.40 Bn in 2024 and is expected to reach USD 2.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Market Dynamics:

The bovine gelatin market is expected to witness significant growth over the forecast period owing to increasing demand from pharmaceutical industry. Gelatin is widely used to manufacture hard and soft gelatin capsules to encapsulate various medicines and supplements. Moreover, growing healthcare and pharmaceutical industries globally are further expected to propel the market growth. Growing pharmaceutical R&D activities and new drug development processes also utilize gelatin in significant amounts. Also, increasing usage of gelatin in various food applications such as confectionery products, desserts, dessert soups, and dairy products is further expected to support the market growth between 2024 and 2031.

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Major Growth Driver: Increasing Consumption of Nutraceuticals and Functional Foods Boosting the Bovine Gelatin Market

The demand for bovine gelatin is increasing significantly due to the rising consumption of nutraceuticals and functional foods globally. Bovine gelatin is commonly used as an ingredient in supplements, capsules, and tablets due to its gelling, thickening, and stabilizing properties. As consumers are becoming more health-conscious, they are shifting their preferences towards nutritional supplements and functional food products to meet their protein and micronutrient requirements. According to recent surveys, over 60% of the global population regularly consumes one or more dietary supplements. The growing ages population is also majorly contributing to the increased demand as older consumers rely more on supplements to maintain their health and physique. Leading players in the nutraceutical industry are extensively using bovine gelatin in products such as protein powders, joint health supplements, and other custom formulations which is propelling the market growth.

Major Growth Driver: Rising Demand from Pharmaceutical Industry Augmenting Bovine Gelatin Sales

The global bovine gelatin market is witnessing steady growth attributed to the increasing demand from the pharmaceutical industry. Bovine gelatin is primarily used as a raw material in the production of soft gelatin capsules owing to its gelling and film-forming properties. It is considered safe, economical, and efficient for pharmaceutical formulations. Soft gelatin capsules have various benefits over other dosage forms such as precise dosing, improved stability, and lower risk of contamination which is increasing their popularity. With the augmenting pharmaceuticals industry worldwide, the production of soft gelatin capsules is also amplifying thereby supplementing the bovine gelatin consumption. Besides this, bovine gelatin is also used in various pharmaceutical applications such as wound dressings, plasma expanders, and surgical sealants due to its haemostatic and healing properties. All these factors are favoring an upward trajectory in the bovine gelatin market.

Major Opportunity: Growing Demand from Food Industry Presenting Untapped Potentials

The food industry signifies a lucrative opportunity for players in the bovine gelatin market. Bovine gelatin finds wide applications as a gelling agent, stabilizer, emulsifier, and thickener in various foods. It is used in confectionaries, dairy products, desserts, processed meat products, and snacks. Changing dietary patterns and increasing demand for convenience and processed foods worldwide is fueling the market growth. In recent years, bovine gelatin has also gained traction as a replacement for pigskin gelatin in halal certified foods. With the global halal food industry projected to reach $2.6 trillion by 2024, it ensures new revenue streams for market participants. Meanwhile, innovations like customized gelatins for specific food applications also opens up opportunities. Food manufacturers are exploring novel usage of bovine gelatin in areas such as bakery products, breakfast cereals, fruit juices owing to its gelling properties and nutritional value. These wide untapped potentials of the food industry remain relatively untapped by the bovine gelatin suppliers.

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Top Companies Featured in This Report:

★ Nitta Gelatin Inc.
★ Lapi Gelatin S.p.A.
★ Jellice Pioneer Europe B.V.
★ Darling Ingredients Inc.
★ Gelita AG
★ Merck KGaA
★ Lonza Group
★ Bernard Jansen Products Inc.
★ Luoyang Leston Import and Export Trade Co., Ltd.,
★ Nutra Food Ingredients LLC
★ Lapi Gelatine
★ Foodchem International Corporation
★ Foodmate Co., Ltd.,
★ YASIN Gelatine
★ Vizag chemical
★ Vikranth Chemical Corporation

Market Segmentation:

By Product Type:

★ By Form: Powder, Capsule & Tablets, Others

By Applications:

★ By Application: Food and beverages, Cosmetics & personal care, Pharmaceuticals, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

What was the size of the Bovine Gelatin Market in 2024, and what is the projected value by 2031?
What is the present global market landscape for the Bovine Gelatin Market?
What strategies offer optimal opportunities for growth maximization in the business?
What recent trends are shaping the Bovine Gelatin Market?
How does the market share of Bovine Gelatin Market revenue, sales, and size vary across specific geographical regions?
Who are the prominent industry players in the Bovine Gelatin Market?
Which segment of the Bovine Gelatin Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Bovine Gelatin sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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