The Bovine Gelatin market is influenced by various market factors that play a pivotal role in shaping its dynamics. One of the key factors is the growing demand for gelatin in the food and pharmaceutical industries. As a versatile ingredient, bovine gelatin finds extensive use in the production of confectionery, dairy products, and pharmaceutical capsules, among others. This surge in demand is driven by the increasing consumer preference for natural and clean-label products, as bovine gelatin is known for its natural origin and functional properties.
Moreover, economic factors contribute significantly to the market trends. Fluctuations in raw material prices, particularly bovine hides and bones, directly impact the production cost of gelatin. Changes in the global economic landscape, trade policies, and currency exchange rates can also influence the pricing and availability of bovine gelatin in the market. As a result, manufacturers and stakeholders in the industry closely monitor these economic factors to make informed decisions and maintain competitiveness.
Regulatory factors are another crucial aspect influencing the Bovine Gelatin market. Stringent regulations and standards related to food safety and quality control affect the production processes and sourcing of raw materials for gelatin manufacturers. Compliance with these regulations is imperative to ensure consumer safety and meet the expectations of regulatory bodies. Additionally, evolving regulatory frameworks, such as halal and kosher certifications, impact the market dynamics, especially in regions with diverse cultural and religious considerations.
Technological advancements play a vital role in shaping the Bovine Gelatin market. Ongoing research and development efforts lead to innovations in gelatin extraction methods, enhancing the efficiency of production processes and improving product quality. Advancements in technology also contribute to the development of specialized gelatin products with enhanced functionalities, catering to specific applications in the food and pharmaceutical industries.
Consumer preferences and trends are ever-evolving factors that influence the Bovine Gelatin market. As consumers become more health-conscious, there is a growing demand for products that offer nutritional benefits, and bovine gelatin, being a rich source of protein, aligns with this trend. Furthermore, the rising popularity of collagen supplements for skin and joint health has created new opportunities for bovine gelatin in the nutraceutical sector.
Environmental sustainability is emerging as a critical factor in the Bovine Gelatin market. Consumers and businesses are increasingly focused on environmentally friendly and ethically sourced products. This has led to a shift in sourcing practices, with an emphasis on responsible and sustainable production methods. Gelatin manufacturers are exploring eco-friendly alternatives and adopting practices that minimize their environmental impact, such as waste reduction and energy efficiency.
Global market trends and geopolitical factors also impact the Bovine Gelatin market. Trade relations, geopolitical tensions, and global supply chain disruptions can affect the availability and pricing of bovine gelatin on a global scale. Manufacturers need to adapt to changing geopolitical landscapes and diversify their supply chains to mitigate risks and ensure a steady supply of raw materials.
Report Attribute/Metric | Details |
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Growth Rate | 8.50% (2023-2032) |
Bovine Gelatin Market Size was valued at USD 3.1 Billion in 2022. The Bovine Gelatin market industry is projected to grow from USD 3.36 Billion in 2023 to USD 6.65 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2023 - 2032). The increasing commercialization of bovine gelatin-based medicine delivery systems, the expanding demand for bovine gelatin from various businesses, and the rising need for bovine collagen as a functional component in the food processing industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for bovine gelatin is being driven by the rising awareness for healthy skincare. Due to the product's increasing usage in both the food and non-food industries, the market is fast changing. The significance of the skincare regimen has substantially increased in recent years due to the rising awareness of personal care. Gelatin is frequently utilized as a key component in cosmetic products such as body lotions, hair sprays, anti-wrinkle/anti-aging face creams, and sunscreens, contributing to market expansion. Additionally, the rising consumer desire for premium active ingredients in contemporary cosmetic goods makes skin washing even more effective and gentle, which supports market expansion. In contrast, gelatin silver print photography has been widely employed since the 19th century and produces glossy, long-lasting photographic prints. The sector is growing as a result of an increase in consumer demand for various functional foods and drinks. Consumers now find gelatin-based goods more tempting since they may cater to their tastes and preferences. People seek products and brands that satisfy their everyday needs as the number of people choosing gelatin-fortified products in developing and maintaining a healthy lifestyle rises. The major firms are also investing in enhancing the ingredients in their current goods and developing new products or packaging films.
For instance, the composites and hybrid nanocomposites group (GCNH) at Sao Paulo State University undertook research in March 2022 to develop "bioplastic" manufactured from type B cattle-derived gelatin. The film supports a sustainable environment because it is biodegradable and anti-microbial. Additionally, there is intense pressure on producers to engage in the development of halal-grade gelatin because of the increased demand for such goods. Due to the expanding demand for natural components in food and supplements, organic bovine gelatin is becoming increasingly popular. It is made from the bones and tissues of cows fed only grass and grown naturally without hormones or antibiotics. Due to its many health advantages, including enhancing joint health, fostering good skin and hair, and assisting in digestion, many customers like organic bovine gelatin. Collagen is naturally necessary for strong bones, joints, and skin. Organic bovine gelatin is adaptable and may be utilized in various meals and supplements, including baked goods, gummies, and protein bars. It is a thickening and binding agent in the pharmaceutical and cosmetic sectors. Thus, driving the Bovine Gelatin market revenue.
Based on form, the Bovine Gelatin market segmentation includes powder, capsule & tablets, and liquid. The capsule & tablets segment dominated the market, accounting for 35% of market revenue, due to its many advantages, including precise dosage, portability, ease of accessibility, and ingestion safety. Additionally, the rising demand for bovine gelatin-enriched capsules and tablets provides producers with profitable chances to introduce new goods to the market, hence increasing the market's potential.
Based on nature, the Bovine Gelatin market segmentation includes organic and conventional. The conventional segment dominated the market. Bovine gelatin from conventional sources is very inexpensive for mass manufacturing. Hence manufacturers frequently use it. The rising health advantages of bovine gelatins results in increased use of conventional gelatin in emerging economies since consumers in these nations are price-conscious when making purchasing decisions.
Based on application, the Bovine Gelatin market segmentation includes food and beverages, cosmetics & personal care, pharmaceuticals, and others. The food and beverages segment dominated the market. Because more consumers are choosing natural components that can be consumed every day. The demand for and expansion of the market is boosted by the rising consumption of various gelatin-based products and other dietary supplements for a diet high in protein. The increasing use of the component in manufacturing medicines, vaccines, and other tissue engineering applications also expands the market.
Figure 1: Bovine Gelatin Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on distribution channel, the Bovine Gelatin market segmentation includes B2B, B2C, Supermarket/hypermarkets, specialty supplement stores, drugstore & pharmacies and others. The B2C generated the most income. Business-to-consumer sales are those made by manufacturers of goods and services to merchants who resell them to consumers. Additionally, rising government spending on retail outlets and lower drug prices promote expanding the bovine gelatin sector.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Bovine Gelatin market area will dominate this market, profitable when consumers shift to "nutritional supplements" produced with gelatin sourced from pigs, fish, and cows. Furthermore, animal-based gelatin is thought to be high in protein.
Further, the major countries studied in the market report are The US, Canada, German, India, Australia, France, the UK, Italy, Spain, China, Japan, South Korea, and Brazil.
Figure 2: BOVINE GELATIN MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe has the second-largest market share for Bovine Gelatin. This is mainly because end-use sectors, including cosmetics, pharmaceuticals, food & beverages, demand more bovine gelatin. Furthermore, the German Bovine Gelatin market dominated, while the UK Bovine Gelatin market grew fastest in Europe.
From 2023 to 2032, the Asia-Pacific Bovine Gelatin Market will develop at the quickest CAGR Applications of bovine gelatin products in food and drinks, personal care, cosmetics, and other nutritious items are what essentially drives the market. Bovine gelatin has had tremendous market growth due to its large population and significant manufacturing capabilities. Furthermore, China's Bovine Gelatin market had the highest market share. In contrast, the Asia-Pacific region's Bovine Gelatin market in India was the one that was growing the quickest.
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Bovine Gelatin market grow even more. Important market developments include contractual agreements, new product releases, acquisitions and mergers, greater investments, and collaboration with other organizations. The Bovine Gelatin must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Bovine Gelatin to serve clients and expand the market sector. The Bovine Gelatin has provided some of the most important benefits recently. Halavet Food and other major competitors in the Bovine Gelatin market are seeking to improve market demand by investing in R&D efforts.
The first and largest manufacturer of ingestible bovine gelatin in Europe, Halavet Food, was founded in Turkey in 2011. The business runs plants in Bolu and Istanbul, making collagen peptides and gelatin. They export their goods to more than 50 different nations.Halavet, a company well-known for creating valuable goods like edible gelatin and collagen hydrolysates, has a cutting-edge organizational design. Through creating new goods and integrating several industries, the firm hopes to strengthen Turkey's competitive position on the international stage. Halavet Food places a high priority on food safety throughout the whole production process as the cornerstone of its quality policy. In December 2021, A new halal gelatin facility was introduced in Turkey by the Turkish company Halavet Foods with an investment of about USD 25 million. By tripling the amount of gelatin sent to North American markets, the company hopes to increase its manufacturing capabilities. Additionally, the corporation declared that it would produce and export gelatin and collagen worth USD 100 million.
Nitta Gelatin Inc., a leading premium gelatin and collagen components provider to the market, marked its centenary anniversary in 2018. Nitta Gelatin originates in a tiny gelatin and glue production factory in Osaka, Japan, and is named for its inventor, Chojiro Nitta. Nitta Gelatin has increased its geographic reach with 15 locations in 6 countries because of an uncompromising commitment to customer service and a focus on cutting-edge technology. As a Nitta Gelatin, Inc. family member, we focus on producing collagen peptides and bovine, porcine, and fish gelatins for various distinctive applications. In June 2019, NITTA GELATIN INDIA just released a new batch of premium gelatin that meets worldwide standards for the hospitality industry. This premium gelatin is created using Japanese technology by European requirements on hygienic standards, Good Manufacturing practices, and the Hazard Analysis Critical Point System.
Bovine Gelatin Industry Developments
June 2022: Researchers from the Agency for Science, Technology and Research in Singapore and the CSIRO in Australia compared the bioavailability of omega-3 in bovine gelatin to omega-3 in algal oil encapsulated in cauliflower as part of their study. The study discovered that the bioavailability of the two tested samples was comparable, proving that both may be used interchangeably.
July 2022:Â After winning an auction, the American dairy company Perfect Day revealed its ambitions to buy Sterling Biotech, one of the biggest gelatin producers in the world. Perfect Day bid for roughly USD 79.8 million to purchase the Indian gelatin manufacturer, giving the business much potential to grow in the upcoming years.
May 2022: The European Patent Office (EPO) has granted Rousselot Inc. a patent for its Rousselot StabiCapsTM products. The brand-new item is a gelatin excipient solution that aids in the formulation and stability enhancement of soft gel capsules. The StabiCaps were first introduced in 2018 and have robust shells with excellent dissolving properties.
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