by Bovine gelatin is primarily used as a thickening, stabilizing and gelling agent in various food products including candies, desserts, ice cream as well as processed meat products. It provides body, texture, firmness and flexibility to these food items which makes bovine gelatin highly desirable for food manufacturing applications. Further, the widespread use of gelatin in healthcare industry as a plasma substitute and wound dressing agent as well as a growth medium for cell cultures has augmented the demand from healthcare sector as well.
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. With wide application areas of bovine gelatin, there exist ample opportunities for market players to expand through new product launches catering to various end-use industries. Technological advancements in extraction process have made gelatin production more efficient while ensuring high purity and quality of final product.
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 from 2024 to 2031.
Market Drivers:
The primary driver which is propelling the Bovine Gelatin Market Trends growth is extensive application of gelatin in healthcare sector. Gelatin is widely used in the manufacturing of medical devices, wound dressings, capsules, plasma substitutes and others. According to statistics, more than 60% of gelatin is consumed by pharmaceutical industry alone. Further, significant demand from food industry, especially confectioneries, is also boosting the market growth. With rising health consciousness, people are shifting towards gelatin containing food items which provides necessary nutrients and minerals to human body.
Current Challenges in the Bovine Gelatin Market:
The Bovine Gelatin Market Size And Trends is facing some key challenges currently. Demand for bovine gelatin based products is facing resistance from the vegan community due to ethical concerns over animal welfare during sourcing. Strict norms around animal testing and slaughtering are further complicating production. Maintaining quality standards and ensuring consistency in gel strength also remains a challenge. Managing the supply chain and ensuring an uninterrupted supply of raw materials is another hurdle amid growing regulations. High dependency on cattle farming industries also exposes the market to fluctuations in meat production cycles.
SWOT Analysis
Strength: High biomimicry and compatibility with human tissues; Long history of safe usage.
Weakness: Negative image due to animal sourcing; Supply chain vulnerabilities.
Opportunity: Growth of nutraceuticals and pharmaceutical applications; Leveraging tissue engineering applications.
Threats: Veg*n trends challenging consumer acceptance; Stringent environmental regulations.
Geographical regions:
North America accounts for the largest share in the global bovine gelatin market currently in terms of value. This is attributed to well-established pharmaceutical and cosmetics industries utilizing gelatin extensively.
Fastest growing region:
Asia Pacific region is expected to register the fastest growth in the bovine gelatin market over the forecast period. This can be credited to rising health consciousness, growing disposable incomes, and expansion of end-use industries in emerging nations such as China and India.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya, a 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, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
