Bovine Gelatin Market by Type (Type A and Type B), by Form (Powder, Capsule & Tablets, and Liquid), by Nature (Conventional and Organic), by Application (Food & Beverage, Personal Care, Pharmaceutical, Nutraceutical, and Others) – Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The global Bovine Gelatin Market size was valued at USD 2.64 billion in 2023 and is predicted to reach USD 4.02 billion by 2030 with a CAGR of 6.2% from 2024-2030. Bovine gelatin is a crucial protein extracted from the collagen found in cowhide and bones. This natural and versatile substance holds significant value in diverse industries, with prominent applications in the food and pharmaceutical sectors. Recognized for its unique gelling, stabilizing, and texturizing properties, bovine gelatin plays a pivotal role in the formulation of numerous products.

In the food industry, it serves as a key ingredient in confectionery, desserts, dairy products, and beverages, contributing to the desired texture and consistency. In pharmaceuticals, bovine gelatin is often utilized in the production of capsules and other medicinal formulations. Recognized as an indispensable component, it plays a crucial role in enhancing product quality and appeal by offering valuable functional attributes.

Market Dynamics and Trends

The growing demand for gelling agents, stabilizers, and texturizers in the food and beverage sector, particularly in the production of confectionery, desserts, dairy products, and beverages, drives the demand for bovine gelatin. Bovine gelatin's versatility in enhancing texture, consistency, and quality in these food and drink categories positioned it as a key ingredient, driving its market growth.

Moreover, the global trend toward health consciousness is fueling the demand for bovine gelatin, contributing to the bovine gelatin market's growth. As consumers prioritize health-conscious lifestyles, there is a growing preference for natural and clean-label products, free from artificial additives and ingredients, driving this choice towards a more health-conscious direction. Bovine gelatin, being a natural ingredient, makes it a suitable alternative without artificial additives.

Furthermore, technological advancements in gelatin extraction and processing such as enzymatic hydrolysis, supercritical fluid extraction, and membrane filtration systems significantly increase the efficiency of gelatin production, further driving the growth of the market. However, religious and cultural restrictions, as well as concerns about animal welfare in gelatin production are the major factors restraining the growth of the market. 

On the contrary, advancements in biotechnology and genetic engineering to improve gelatin production, as well as the application of nanotechnology for nanoencapsulation, enhancing stability and controlled release properties are expected to create ample opportunities in the growth of the market in coming years.

Market Segmentations and Scope of the Study

The bovine gelatin market share is segmented based on type, form, nature, application, and Region. Based on type, the market is divided into type A and type B. Based on form, the market is classified into powder, capsule & tablets, and liquid.

Based on nature, the market is classified into conventional and organic. Based on application, the market is divided into food & beverage, personal care, pharmaceutical, nutraceutical, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Europe holds the dominant share of the bovine gelatin market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the rising demand for natural and clean label ingredients in the food and beverage industry in various products such as confectionery, dairy items, desserts, and beverages is boosting the growth of the market.

According to the latest report from the Centre for the Promotion of Imports from Developing Countries (CBI), Europe stands as one of the world's largest and well-established food and drinks markets, boasting a market size of approximately USD 2380 billion in 2023. The continent hosts a substantial food and beverage industry that actively seeks natural additives for diverse applications.

The surge in consumer demand for healthier and more sustainable food ingredients including natural sweeteners, gelatin, emulsifiers, and natural colors, driven by stringent European Union (EU) regulations, is a pivotal factor driving the growth of the bovine gelatin market in this region.

Moreover, the presence of key market players such as Lapi Gelatin S.p.A., Jellice Pioneer Europe B.V., Gelita AG, Merck KGaA, and Lonza Group is further driving the growth of the bovine gelatin market in this region.  For instance, in December 2021, Lapi Gelatin S.p.A. acquired Junca Gelatines, a leading Spanish gelatine producer. This strategic move allows Lapi Gelatin to expand its product portfolio and market presence in Europe.

On the other hand, Asia-Pacific is expected to show steady growth in the bovine gelatin market. This is due to the growing adoption of bovine gelatin in skincare, hair care, and makeup products in the booming cosmetic industry in the Asia-Pacific region is driving the growth of the market. According to the International Trade Administration, China’s cosmetics and toiletries industry reached about USD 88 billion in 2021, making China the world's second-largest beauty and personal care products market in the world.

Moreover, the growing demand for bovine gelatin in the pharmaceutical sector in Asia, driven by its increasing utilization in various applications such as capsule production and drug delivery systems is boosting the growth of the bovine gelatin market in the region. According to the latest report published by the Ministry of Commerce and Industry, India is the largest provider of generic drugs globally, with the pharmaceutical sector reaching USD 50 billion in 2022 and it is projected to reach USD 65 billion by 2024.

Competitive Landscape

Various market players operating in the bovine gelatin industry include 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, and others. These market players are adopting various strategies such as acquisition, investment, and product launches to remain dominant in the market.

For instance, in July 2022, Perfect Day acquired India's largest gelatin manufacturer, Rousselot India, as part of its expansion into alternative protein sources. The potential acquisition signifies Perfect Day's aim to diversify its portfolio and tap into the growing demand for plant-based alternatives in the global food industry.

Moreover, in December 2021, Halavet Food announced a significant investment of USD 25 million in a new halal gelatin plant, highlighting the company's commitment to meeting the growing demand for halal-certified gelatin globally and positioning itself as a key player in the halal food industry.

Furthermore, in January 2021, Nitta Gelatin India introduced a new line of gelatin products that meet international standards, specifically targeting the HORECA (Hotel, Restaurant, and Catering) category. With this launch, Nitta Gelatin aims to provide high-quality gelatin solutions for the food service sector, further expanding its presence in the global market.

Key Benefits

• The report provides quantitative analysis and estimations of the bovine gelatin market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future bovine gelatin market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the bovine gelatin market is provided in the report. 

• A competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porter's Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of stakeholders.

Bovine Gelatin Market Key Segments

By Type

• Type A

• Type B

By Form     

• Powder

• Capsule & Tablets

• Liquid

By Nature 

• Conventional

• Organic

By Application 

• Food & Beverage

• Personal Care

• Pharmaceutical

• Nutraceutical

• Others

By Region

• North America    

  • The U.S.

  • Canada

  • Mexico

• Europe    

  • The U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific    

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• Rest of the World (RoW)    

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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