Press release
Pharmaceutical Gelatin Market Poised for 6.0% CAGR Growth, Surpassing $3.81 Billion by 2032 | Leaders Include Capsugel & Norland Products Inc.
The global pharmaceutical gelatin market was valued at USD 2.25 billion in 2023 and is expected to grow to USD 3.81 billion by 2032. The market is expected to expand at a CAGR of 6.0% from 2024 to 2032.
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Overview
When utilized in capsules, gelatin offers a productive mode of safeguarding the filling from light, aerial oxygen, defect, and microbial growth. Gelatin also encounters the consistency needs for capsule generation. It is obtainable in a broad gamut of consistencies which indicates a customized solution that is dependent on the procedure needs can be provided to capsule generators. Additionally, thermoreversability, which is the capacity to shift the liquid and solid-state and back to liquid in the absence of misplacing its gel robustness, plays a crucial part in the generation procedure of gelatin capsules. Soft gelatin capsules can be productively secured prior to being packed with an agile constituent.
Growth Factors and Opportunities
Increasing usage of gelatin in biomedical, intrinsic, and cosmetic applications is expected to drive up the demand for pharmaceutical gelatin. Moreover, the aging population, where this gelatin is a necessary part of several drug formulations, such as soft gels, which are easy to gulp and offer adequate bioavailability, will propel the pharmaceutical gelatin market forward.
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Key Participants
The demand is expected to stay strong, with vendors looking to differentiate themselves through associations and inventions. Some of the major players participating in the pharmaceutical gelatin market are:
Country-Wise Insights: The North American region holds a significant position in the pharmaceutical gelatin market. The market growth in the area can be attributed to the presence of a well-established pharmaceutical industry, increasing research and development activities, and rising demand for pharmaceutical products.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Market Segmentation
The pharmaceutical gelatin analysis is mainly based on source, function, end-use, and region. Based on end use, the soft capsule segment witnessed the fastest growth. Also, according to the source, the porcine segment holds a significant revenue share. One of the prominent reasons impacting the segment's growth is the speedy manufacturing cycle and economical manufacturing.
Source Outlook
Porcine
Bovine Skin
Bovine Bone
Fish
Poultry
By Function Outlook
Stabilizing
Thickening
Gelling
By End-Use Outlook
Hard Capsule
Soft Capsule
Tablet
Absorbable Hemostat
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