The bovine gelatin market has witnessed notable trends in recent years, reflecting the evolving dynamics of the food and pharmaceutical industries. One prominent trend is the increasing demand for bovine gelatin as a versatile ingredient in various food products. With consumers becoming more health-conscious and seeking natural alternatives, bovine gelatin has gained popularity for its protein-rich composition and functional properties. It serves as a gelling agent in confectionery, dairy, and dessert products, contributing to the texture and mouthfeel of the final goods.
Moreover, the pharmaceutical sector has emerged as a significant driver of market trends in the bovine gelatin industry. Bovine gelatin's compatibility with capsules and its ability to act as a stabilizing agent in drug formulations have led to its widespread use in pharmaceutical applications. As the global population continues to age, there has been a surge in the demand for pharmaceutical products, thereby boosting the market for bovine gelatin.
In addition to its traditional uses, bovine gelatin has found new applications in the nutraceutical and cosmetics industries. The beauty and wellness trends have spurred the incorporation of bovine gelatin into skincare and haircare products due to its collagen content, believed to promote skin elasticity and joint health. Similarly, the nutraceutical sector has embraced bovine gelatin for the development of dietary supplements, capitalizing on its protein content and potential health benefits.
Environmental sustainability has become a key concern for consumers and businesses alike, influencing market trends in the bovine gelatin industry. As awareness of eco-friendly practices grows, there is an increasing demand for sustainably sourced and produced gelatin. This has led to a shift in the industry towards adopting responsible and transparent sourcing practices, ensuring that bovine gelatin is derived from cattle raised in ethical and environmentally friendly conditions. Companies that prioritize sustainability in their production processes are likely to gain a competitive edge in the evolving market.
Furthermore, advancements in technology have played a pivotal role in shaping the bovine gelatin market. Improved extraction and purification methods have enhanced the quality and purity of bovine gelatin, meeting the stringent requirements of various industries. These technological innovations have not only optimized production processes but have also expanded the range of potential applications for bovine gelatin, driving its adoption across diverse sectors.
However, challenges persist in the form of regulatory scrutiny and ethical considerations surrounding the use of bovine-derived products. The outbreak of diseases such as Bovine Spongiform Encephalopathy (BSE) has raised concerns about the safety of bovine-derived ingredients. Regulatory bodies around the world are imposing stringent guidelines to ensure the safety and traceability of bovine gelatin, influencing market dynamics and shaping consumer perceptions.
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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