Global Bovine Gelatin Market Outlook
According to a new report by Expert Market Research titled “Global Bovine Gelatin Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global bovine gelatin market reached a value of approximately USD 3.13 billion in 2022. Aided by the rising demand for high-quality protein products and the diverse applications of bovine gelatin across several industries, the market is projected to further grow at a CAGR of 6.5% between 2023 and 2028 to reach a value of USD 4.57 billion by 2028.
Bovine gelatin, derived from the hydrolysis of bovine collagen, is a tasteless and odourless protein that forms a gel when mixed with water. It is predominantly used as a gelling agent in food, pharmaceutical, and cosmetic products. Due to its ability to bind water, it adds volume and improves texture in various applications.
The increase in consumer preference for protein-rich food products is the primary driver of the global bovine gelatin market growth. As awareness of the health benefits associated with protein consumption has grown, there has been a significant shift towards protein-dense diets. This has led to an increase in demand for bovine gelatin-based products, as it is an excellent source of protein. In addition, the burgeoning health and fitness trend has further contributed to the rising popularity of bovine gelatin.
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The broadening applications of bovine gelatin across various industries also play a substantial role in propelling the bovine gelatin market development. In the pharmaceutical industry, bovine gelatin is used to produce hard and soft gel capsules and is favoured due to its ability to mask unpleasant odours and tastes of medicinal substances. The cosmetics industry uses bovine gelatin for its moisture-retention properties, which are essential in the formulation of skin hydration products.
Additionally, bovine gelatin’s unique binding and gelling characteristics make it a crucial component in the manufacturing of photographic films and papers, further contributing to the bovine gelatin market demand. Moreover, the growing consumer interest in natural and sustainable products has increased the focus on bovine gelatin as a key ingredient in the development of these products. This trend, coupled with the fact that bovine gelatin is a byproduct of the meat industry, making it a more sustainable choice, has further enhanced the bovine gelatin market expansion.
Further, advancements in technology have resulted in the development of bovine gelatin with improved functionality and expanded applications, including its use in 3D bio-printing, wound healing, and tissue engineering, propelling the bovine gelatin market expansion.
Global Bovine Gelatin Market Segmentation
The market can be divided based on nature, end use, distribution channel, and region.
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Market Breakup by Nature
- Organic
- Conventional
- Market Breakup by End Use
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
Market Breakup by Distribution Channel
- B2B
- B2C
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global bovine gelatin companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Nitta Gelatin Inc.
- Gelita AG
- PB Leiner
- Lapi Gelatine SpA
- Rousselot Inc.
- Bernard Jensen Products Inc.
- Trobas Gelatine BV
- Nutra Food Ingredients
- Gelnex
- Kubon Gelatin Pte. Ltd
- Zint LLC
- Jiangxi Formate Biotechnology Co., Ltd.
- Others
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