Bovine Gelatin Market to Top US$ 2.7 Billion at a CAGR of 6.6% by 2033: Fact.MR Report
Increasing Consumer Appetite for Natural Supplements Driving Widespread Use of Bovine Gelatin in Health Supplements
Rockville , Oct. 25, 2023 (GLOBE NEWSWIRE) — As per a new study by expert analysts at Fact.MR, a provider of market research and competitive intelligence, the global Bovine Gelatin Market is predicted to expand at a CAGR of 6.6% and reach a valuation of US$ 2.7 billion by the end of 2033.
Gelatin is in high demand for functional food applications thanks to its capacity to deter various illnesses, enhance food quality, and contribute to food fortification. Gelatin presents itself as a highly viscous semi-solid substance, with a composition consisting of 2% to 4% mineral salts, 85% to 90% protein, and 8% to 12% water. The most common commercial form is edible gelatin, which is free from any additional preservatives or additives.
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Key Segments of Bovine Gelatin Industry Research Report
| By Form | By Nature | By End Use | By Distribution Channel |
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Bovine gelatin is a clear, see-through, tasteless, and fragile substance added to food, obtained from the collagen found in various animal body parts. Gelatin serves as a solidifying agent in pharmaceuticals, food items, photography, vitamin capsules, and cosmetics production. Furthermore, it ranks among the most commonly utilized food supplements, particularly in the confectionery industry and various dairy goods like creamy desserts, yogurts, and numerous low-fat dairy items. It contributes to enhancing product stability and texture.
Gelatin consists of a blend of peptides and proteins created through the partial breakdown of collagen taken from animal tissues, including those of chickens, pigs, and fish.
Key Takeaways from Market Study
- The global market for bovine gelatin is valued at US$ 1.4 billion in 2023.
- Worldwide demand for bovine gelatin is predicted to increase at a CAGR of 6.6% through 2033.
- By the end of 2033, the market is projected to reach a size of US$ 2.7 billion.
- The market in the United States is forecasted to advance at a CAGR of 4.7% from 2023 to 2033.
- With 52.5% market share in 2023, the capsules & tablets segment leads the global market.
- The food & beverages segment accounts for 51% share of the global market in 2023.
- Europe held a market share of 39.5% in 2022.
- The market in Germany is forecasted to expand at a CAGR of 6.5% through 2033.
“Bovine gelatin manufacturers are experiencing promising prospects, driven by a growing global focus on well-being and health. Furthermore, increased demand for dietary supplements, expanding usage of gelatin in the food and beverages sector, consumer preference for nutritious and protein-rich diets, and growing applications of gelatin in nutricosmetic, pharmaceutical, and healthcare industries are all contributing to the growth of the global bovine gelatin market,” says a Fact.MR analyst.
Market Competition
Many companies are introducing novel natural health offerings, capitalizing on customers’ growing openness to exploring complementary and alternative remedies, thereby boosting the demand for natural products. Customers exhibit a strong preference for naturally sourced ingredients as a preventive measure against ailments, primarily due to the sense of safety associated with these ingredients. The demand for such products in the bovine gelatin market is primarily fueled by the perceived health benefits of natural ingredients.
- As of January 2021, Nitta Gelatin India unveiled a fresh batch of high-quality gelatin that complies with global standards for the hospitality sector. This superior gelatin is produced using Japanese technology and adheres to European guidelines about hygiene standards, Good Manufacturing Practice, and Hazard Analysis Critical Control Point.
| Report Attribute | Details | |
| Value Projection (2033) | USD 2.7 Billion | |
| Growth Rate (2023-2033) | 6.6% CAGR | |
| No. of pages | 170 Pages | |
| No. of Tables | 80 Tables | |
| No. of Figures | 219 Figures | |
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global bovine gelatin market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on form (powder, capsules & tablets, liquid), nature (organic, conventional), end use (food & beverages, cosmetics & personal care, pharmaceuticals), and distribution channel (B2B, B2C, hypermarkets, specialty stores, drug stores, pharmacies), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and MEA).
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Gelatin Peptones Market: The gelatin peptones market is expected to depict an excellent growth in the forecasted period (2021-2031). The changing lifestyle and a need to save oneself from getting infected by the spread of lethal viruses has impacted the demand for peptones.
Rapid-set Gelatin Market: The global rapid-set gelatin market, valued at US$ 132.05 million in 2023, is projected to expand rapidly at a CAGR of 7.3% and reach US$ 267.15 million by the end of 2033, as per this new study by Fact.MR.
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