The ‘Global Bovine Gelatin Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global bovine gelatin market, assessing the market on the basis of its segments like nature, end use, distribution channels, and major regions.
Bovine Gelatin Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 3.04 billion
• Forecast CAGR (2022-2027): 8.30%
• Forecast Market Size (2027): USD 4.9 billion
|Market Size in 2021||USD 3.04 billion|
|Revenue Forecast in 2027||USD 4.9 billion|
|Growth Rate CAGR||8.30%|
|Major Players||Nitta Gelatin Inc., Gelita AG, PB Leiner, Lapi Gelatin SpA, Rousselot Inc., Bernard Jensen Products Inc., Trobas Gelatin BV, and Nutra Food Ingredients, among others.|
The global bovine gelatin market is being driven by rising health awareness among the population. Gelatin has similar properties as collagen and promotes the growth of hair, skin, tissues, and nails. There is a rise in incidences of joint disorders among the population across the world. The consumption of gelatin aids in the fast recovery of joint-related disorders such as osteoarthritis.
This has led to a rapid increase in the consumption of gelatin supplements. Additionally, gelatin supplements are consumed by sportspersons and athletes to help to maintain joint health. The bovine gelatin market is further supported by demands from the food and beverage sector. Bovine gelatin acts as a thickener and stabiliser, providing texture to various food products including jellies, marshmallows, jams, cakes, and mousse, among others.
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Increasing investments by various players to diversify their product portfolio are also catalysing the bovine gelatin market growth. For instance, in August 2022, a Brazil-based meat-producing company, JBS S.A., announced an investment of R$400 million in a new project Genu-in. The company plans to invest in setting up an automated plant for producing gelatin and collagen from bovine skin. The project will be focusing on the B2B segment in the food, pharmaceutical, and nutraceutical industries and have a capacity of producing 6,000 tonnes of both collagen peptides and gelatin annually.
Bovine Gelatin Industry Definition and Major Segments
Bovine gelatin is a colourless, tasteless, and water-soluble protein obtained from the hydrolyses of collagen sourced from bovine tissues such as skin and bone. Gelatin finds application across various sectors including food and beverage, industrial, and nutraceutical, among others.
Based on nature, the market is bifurcated into:
On the basis of end use, the market is segmented into:
• Food and Beverages
• Cosmetics and Personal Care
Based on distribution channels, the market is categorised into:
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Bovine Gelatin Market Trends
The bovine gelatin market is anticipated to grow over the course of the projection period due to the robust growth of the food and beverages, and pharmaceutical sectors. Gelatin is used as an excipient in the production of hard capsules and soft gels. It utilises less sophisticated manufacturing procedures and has lower production costs while ensuring good active pharmaceutical ingredient (API) dissolving rates. This is expected to bolster the demand from the nutraceutical and pharmaceutical sectors.
The market for bovine gelatin is being further supported by research and development for the development of advanced products using gelatin. For instance, in July 2022, Brazilian and French researchers combined gelatin with cellulose nanocrystals that had been modified using pine resin, to develop a film that is antioxidant, stable, biodegradable, and edible. Additionally, bioplastic, known as green plastic, was developed from type B bovine gelatin that is biodegradable, anti-microbial, and edible.
However, the market growth over the forecast period could be hindered by the growing preference of the masses for consumption of animal-free products and adoption of vegan lifestyles.
Key Market Players
The major players in the bovine gelatin market report include:
- Nitta Gelatin Inc.
- Gelita AG
- PB Leiner
- Lapi Gelatin SpA
- Rousselot Inc.
- Bernard Jensen Products Inc.
- Trobas Gelatin BV
- Nutra Food Ingredients
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.