Bovine Gelatin Market
Growth Factors of Bovine Gelatin Market
The bovine gelatin market size was valued at USD 1.30 billion in 2023, and the market is now projected to grow from USD 1.36 billion in 2024 to USD 2.34 billion by 2032, exhibiting a CAGR of 7.04% during the forecast period of 2024-2032.
The COVID-19 outbreak hindered the development of the bovine gelatin market growth by affecting production and operation and causing a shortage/surplus of supply and demand. This consumer interest in dietary supplements and fortified products was established when the impacts of the pandemic were subsiding. Pharmaceutical sales increased by 16.41% and 28.01% for companies in 2020.
These factors especially consumer trends, have led to a higher demand for bovine gelatin market share specifically for elderly care due to the ageing population. The increase in awareness of the nutritional advantages of such products has also contributed to the growing interest in these cases. Furthermore, there is growing popularity in the use of gelatin for quick recovery, better stamina and muscle mass among sportspersons hence driving the market.
Also, the use of gelatin-based products in food processors and other products unrelated to food increases, while the use of gelatin-based products increases in the skin care products industries due to increasing awareness of balanced diets and exercise. Gelatin is used in cosmetics such as anti-ageing creams and sun protection because it is very effective. Also, consumers want the best quality of wet ingredients in the formulation of skincare, therefore, enhancing the demand for gelatin. Gelatin is also used in silver print photography due to its emerging photo-developing abilities, utilized since the nineteenth century.
Comprehensive Analysis of Bovine Gelatin Market
The global market for bovine gelatin and the food and beverages industry is expanding proportionally at a very exponential rate because of its differentiation. Market expansion outlined here offers a detailed regional evaluation of the supply-demand forces that define the food additives and ingredients market. These segmentations are intentionally separated by form and by application. The forms include, Powder, Capsule & Tablets, and Others. However, the applications include, Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics and Others.
Europe was the biggest market with a value of USD 510.57 million in 2023, due to the growing demand for bovine gelatin in the cosmetic and medicine industries and processed food products. This growth can be attributed to several factors particularly the use of gelatin as a stabilizer and shelf life ingredient, especially in packaged products such as in Germany and the U.K. Companies are diversifying their portfolios and engaging with other interested parties to raise their profit margins.
The leading market participants help the food & beverages industry in ensuring industrial prospectus development and defining the market trends. These players include, NITTA GELATIN, INC. (Japan), Lapi Gelatin S.p.A. (Italy), Jellice Pioneer Europe B.V. (Netherlands), Darling Ingredients Inc. (U.S.), Gelita AG (Germany), Merck KGaA (Germany), Lonza Group (Switzerland), Bernard Jansen Products Inc. (U.S.), Luoyang Leston Import and Export Trade Co., Ltd. (China) and Nutra Food Ingredients, LLC (U.S.).
In April 2023, Gelnex, a Brazilian firm specialising in the production of gelatin and collagen was recently acquired by Darling Ingredients Inc. The strategy was effective in helping the firm increase its production capacity regarding gelatin due to increased demands in the market.
Segmentation Table
Global Bovine Gelatin Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.04% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Form, Application, and Region
By Form - Capsule & Tablets
- Powder
- Others
By Application - Food & Beverages
- Healthcare & Pharmaceuticals
- Cosmetics
- Others
By Region - North America (By Form, Application, and Country)
- U.S. (By Form)
- Canada (By Form)
- Mexico (By Form)
- Europe (By Form, Application, and Country)
- U.K. (By Form)
- France (By Form)
- Germany (By Form)
- Belgium (By Form)
- Netherlands (By Form)
- Rest of Europe (By Form)
- Asia Pacific (By Form, Application, and Country)
- China (By Form)
- India (By Form)
- Japan (By Form)
- Australia (By Form)
- Rest of Asia Pacific (By Form)
- South America (By Form, Application, and Country)
- Brazil (By Form)
- Argentina (By Form)
- Rest of South America (By Form)
- Middle East and Africa (By Form, Application, and Country)
- South Africa (By Form)
- Turkey (By Form)
- Rest of Middle East & Africa (By Form)
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