The bovine gelatin market derives
its demand mainly from its extensive range of industrial applications including
pharmaceuticals, food & beverage, cosmetics, nutraceuticals and photography
industries. Bovine gelatin finds application as a stabilizer, thickening agent,
gelling agent, fining agent and film forming agent in various industrial
formulations. It helps maintain the structural integrity, stability and texture
of several products.
The global bovine gelatin market is
estimated to be valued at US$ 2.23 Bn
in 2024 and is expected to exhibit a CAGR
of 7.5% over the forecast period of 2024 to 2031.
Key Takeaways
Key players operating in the bovine gelatin are 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.
The market players are focusing on
increasing their production capacity and expanding their Bovine
Gelatin Market Trends footprint
to cater to the rising global demand for bovine gelatin. The industry is also
witnessing significant opportunities in the development of new product
formulations and applications of bovine gelatin. Major players are investing in
R&D to utilize bovine gelatin in novel end-use industries like
3D-bioprinting and regenerative medicines.
The demand for bovine gelatin is anticipated to significantly grow in the Asia
Pacific region over the forecast period. Countries like China, India, Japan and
South Korea are expected to emerge as lucrative markets. This can be attributed
to rising health-conscious population, growing food processing industry and
surging demand from nutraceuticals & functional food sectors in these
countries. Manufacturers are exploring opportunities to establish production
facilities or enter into strategic partnerships with regional players to cater
to the growing regional demand.
Market Drivers
One of the major drivers for the bovine gelatin market is its extensive
functionality in the food industry. Bovine gelatin helps improve texture,
consistency and stability of various food products like candies, marshmallows,
baked goods, desserts, yogurt and ice cream. It aids in water binding and
prevents food items from drying out. The growth of the packaged and convenience
food industry has significantly contributed to the rising consumption of bovine
gelatin.
Market Restrains
Stringent regulations pertaining to the usage of animal-derived products in
foods and pharmaceuticals act as a major restraint for the Bovine
Gelatin Market Size And Trends Regulatory norms on maximum residue
limits and introduction of alternative raw materials like fish, pork skins can
hamper the demand for bovine gelatin. Bovine gelatin production is also
dependent on availability of raw materials. Any fluctuations in cattle farming
or supply chain disruptions negatively impact the overall market.
Segment Analysis
The bovine gelatin market is dominated by the food and beverage sub segment.
Bovine gelatin finds wide application in various food products like gummy
candy, gelatin desserts etc owing to its gelling and binding properties. Bovine
gelatin is considered halal and kosher across regions, hence it is preferred
for food applications over other gelatin sources. The pharmaceutical sub
segment is also significant and is expected to witness steady growth. Bovine
gelatin is used as a binder and coating agent in pharmaceutical drug capsules
and pills. Its film forming property helps optimize drug bioavailability.
Global Analysis
North America dominates the global bovine gelatin market currently due to dense
presence of F&B and pharmaceutical industries in the region. Countries like
the US and Canada are expected to remain lucrative markets. However, Asia
Pacific region is poised to be the fastest growing market during the forecast
period. Developing pharmaceutical and nutraceuticals industries along with
increasing health consciousness is fueling the demand in the region. China,
India and other Southeast Asian countries will drive the growth of Asia Pacific
bovine gelatin market. Wide availability and economical production of raw materials
along with growth of allied industries will continue to attract manufacturers
to Asia Pacific region over coming years.
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More Insights On, Bovine
Gelatin Market
About
Author:
Ravina
Pandya, Content Writer, has a strong foothold in the market research industry.
She specializes in writing well-researched articles from different industries,
including food and beverages, information and technology, healthcare, chemical
and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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