Bovine Gelatin Market Size, Share, Trends, Growth 2032

Bovine Gelatin Industry Prospective:

The global bovine gelatin market size was evaluated at USD 2,330 million in 2023 and is slated to hit USD 4,020 million by the end of 2032 with a CAGR of nearly 6.25% between 2024 and 2032.

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Bovine Gelatin Market: Overview

Bovine gelatin is a gelling agent made up of proteins and is produced by partial collagen hydrolysis. The product is a colorless, flavorless, brittle, and translucent food additive and is utilized as a jelling agent in photography, medicines, vitamin capsules, and capsule production. Apart from this, the product finds applications as a thickener, gel capsule, binding agent, stabilizer, texturizer, and fat replacer. Additionally, the product is utilized in beverages, gummies, healthcare, meat, tablets, and nutrition bars.

Key Insights

• As per the analysis shared by our research analyst, the global bovine gelatin market is projected to expand annually at the annual growth rate of around 6.25% over the forecast timespan (2024-2032)
• In terms of revenue, the global bovine gelatin market size was evaluated at nearly $2,330 million in 2023 and is expected to reach $4,020 million by 2032.
• The global bovine gelatin market is anticipated to grow rapidly over the forecast timeline owing to the large-scale use of gelatin as food additives in the confectionary sector and yogurts, low-fat dairy items, and cream desserts.
• In terms of form, the capsule & tablets segment is slated to register the highest CAGR over the forecast period.
• Based on application, the food & beverages segment is predicted to lead the segmental space in the upcoming years.
• Region-wise, the Asia-Pacific bovine gelatin industry is projected to register the fastest CAGR during the projected timespan.

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Bovine Gelatin Market: Growth Factors

Huge penetration of gelatin in confectionaries to boost the global market trends by 2032

Large-scale use of gelatin as food additives in the confectionary sector and yogurts, low-fat dairy items, and cream desserts is anticipated to drive the global bovine gelatin market trends. Furthermore, a surge in the intake of food supplements and a rise in the penetration of gelatin in the food & beverages sector will steer the expansion of the market globally. An increase in the gelatin demand in pharmaceuticals, healthcare, and nutria-cosmetics will prompt a global market surge in the coming years. 

In addition to this, bovine gelatin is used as a natural constituent for healthcare items owing to the massive demand for natural constituents. A rise in consumer awareness about health benefits offered by the product along with an increment in per capita income of the consumers will embellish the global market trends.

Bovine Gelatin Market: Restraints

Stringent rules enforced by the government owing to religious & social beliefs in certain cultures can put brakes on the global industry surge

Strict laws related to food, social and religious norms along with empathy towards animals have restricted the growth of the global bovine gelatin industry to a certain extent. In addition to this, a surge in the prices of gelatin and the easy availability of apt substitutes can pose a huge threat to the expansion of the industry globally.

Bovine Gelatin Market: Opportunities

A surge in product usage in pharmaceutical & nutraceuticals will open new facades of growth for the global market

The rise in the use of products in flourishing pharmaceutical & nutraceuticals sectors will open new avenues of growth for the global bovine gelatin market. Growing know-how about nutrition fortification in the food sector will proliferate the size of the global market in the years ahead.

Bovine Gelatin Market: Challenges

A ban on the consumption of beef in countries such as India can put a big challenge to the growth path of the global industry

The product extraction from cattle can pose a huge challenge to the growth of the industry in the regions having food restrictions. Furthermore, a ban on the intake of beef products in some of the countries such as India can pose a huge challenge for the growth of the bovine gelatin industry. The outbreak of mad cow disease can further inhibit the growth of the global industry.

Bovine Gelatin Market: Segmentation

The global bovine gelatin market is sectored into form, application, and region.                                         

In form terms, the bovine gelatin market across the globe is segregated into capsule & tablets and powder segments. Furthermore, the capsule & tablets segment, which acquired nearly 48% of the global market size in 2023, is projected to record the highest gains in the ensuing years. The progression of the segment from 2024 to 2032 can be owing to growing awareness about the benefits such as ease of access, apt dosing, and mobility offered by capsules & tablets.  

Based on the application, the global bovine gelatin industry is sectored into food & beverages, healthcare & pharmaceuticals, and others segments. Additionally, the food & beverages segment, which accumulated a key share of the global industry in 2023, is predicted to lead the segmental sphere in the next few years. The segmental expansion during the forecast period can be due to the growing inclination of people towards natural ingredients for their routine diet.

Bovine Gelatin Market: Report Scope

Bovine Gelatin Market: Regional Insights

Europe is predicted to maintain the dominant position in the global bovine gelatin market in the ensuing years

Europe, which accounted for nearly 65% of the global bovine gelatin market earnings in 2023, is likely to be a dominant region in the coming eight years. In addition to this, the regional market expansion over the forecast timeframe can be due to growing product demand in a slew of end-use sectors such as food & beverages, cosmetics, and pharmaceutical items. Furthermore, the rise in the use of packaged goods in the UK, Italy, Germany, and France will proliferate the growth of the market in the continent with bovine gelatin operating as a stabilizer in packaged foods for enhancing shelf life.

Asia-Pacific bovine gelatin industry is set to register the fastest CAGR in the forecast timeframe. The expansion of the industry in the sub-continent can be due to a massive improvement witnessed in the healthcare sector in countries such as India and China. The presence of key players in these countries will further contribute to the regional industry proceeds in the upcoming years.

Key Developments

• In the second half of 2022, Perfect Day, a U.S.-based startup in the dairy business, declared that it will acquire Sterling Biotech, the largest Indian firm producing gelatin. Such moves will boost the growth of the bovine gelatin market globally.
• In the last half of 2021, Halavet Foods, a key Turkey-based food processing firm, allocated funds worth US$ 25.1 million to launch new halal gelatin unit in Turkey and expand its production capacity in North America.

Bovine Gelatin Market: Competitive Space

The global bovine gelatin market profiles key players such as:

• Nutra Food Ingredients LLC
• Merck KGaA
• Nitta Gelatin Inc.
• Darling Ingredients Inc.
• Lapi Gelatin S.p.A.
• Gelita AG
• Jellice Pioneer Europe B.V.
• Lonza Group
• Luoyang Leston Import and Export Trade Company Limited
• Bernard Jansen Products Inc.

The global bovine gelatin market is segmented as follows:

By Form

• Capsule & Tablets
•  Powder

By Application

• Food & Beverages
• Healthcare & Pharmaceuticals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa