Press release
Pharmaceutical Gelatin Market Set to Reach $1.78 Billion by 2029 with 6.5% Yearly Growth
What Is the Estimated Market Size and Growth Rate for the Pharmaceutical Gelatin Market?The pharmaceutical gelatin market has experienced strong growth in recent years. It will increase from $1.3 billion in 2024 to $1.38 billion in 2025, at a CAGR of 6.7%. This growth is driven by the expansion of the pharmaceutical industry, a rising preference for capsule dosage forms, increased health awareness, and the growing demand for halal and kosher gelatin.
The pharmaceutical gelatin market is expected to see strong growth, reaching $1.78 billion by 2029 at a CAGR of 6.5%. This growth is attributed to increased nutraceutical demand, the aging population, sustainable practices, and the global expansion of the pharmaceutical industry. Trends include the shift toward plant-based alternatives, advanced drug delivery systems, and innovations in gelatin production and capsule formulations.
What Are the Forces Behind the Rapid Growth of the Pharmaceutical Gelatin Market?
The rising demand for health and wellness is anticipated to drive the expansion of the pharmaceutical gelatin market in the coming years. Health and wellness encompass a comprehensive approach to well-being, integrating physical, mental, and social health aspects. Pharmaceutical gelatin plays a vital role in the health and wellness sector by enhancing the effectiveness of medications and minimizing the frequency of dosing. For instance, in January 2024, Wellness Creative Co, a UK-based wellness company, reported that the health and wellness sector is projected to reach $7.2 trillion by 2025, growing at an annual rate of 8.5%. Consequently, the growing emphasis on health and wellness is fueling the pharmaceutical gelatin market's growth.
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Who Are the Dominant Companies Influencing Pharmaceutical Gelatin Market Trends?
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
How Is the Pharmaceutical Gelatin Market Evolving?
Companies in the pharmaceutical gelatin sector are introducing innovative solutions like Easyseal gelatin to minimize production costs linked to soft gel leakers. Easyseal optimizes seam formation, enhancing seam thickness and stability to prevent leaks and improve capsule durability. In December 2023, GELITA MEDICAL GmbH, a Germany-based manufacturer of gelatin and collagen peptides, launched Easyseal gelatin. This product offers superior drying properties, reducing reliance on sealing temperatures. It enhances energy efficiency and increases production capacity, allowing manufacturers to seal capsules at high speeds effectively. It is particularly beneficial for complex formulations that require specialized equipment, such as double-step die tooling.
What Are the Different Segmentations in the Pharmaceutical Gelatin Market?
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
Subsegments:
1) By Type A: Porcine Gelatin, Bovine Gelatin
2) By Type B: Bovine Gelatin, Fish Gelatin
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Which Region Is at the Forefront of the Pharmaceutical Gelatin Market?
North America was the largest region in the pharmaceutical gelatin market in 2024. 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.
What Is Covered In The Pharmaceutical Gelatin Global Market Report?
- Market Size Analysis: Analyze the Pharmaceutical Gelatin Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmaceutical Gelatin Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pharmaceutical Gelatin Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pharmaceutical Gelatin Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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