Global Bovine Gelatin Market Size Likely to Reach at a CAGR of 8.67% By 2033

As per the current market research conducted by the CMI Team, the global Bovine Gelatin Market size is expected to record a CAGR of 8.67% from 2024 to 2033. In 2023, the market size is projected to reach a valuation of USD 1.38 Billion. By 2033, the valuation is anticipated to reach USD 2.92 Billion.

Bovine Gelatin Market: Growth Factors and Dynamics

• Increasing Demand in Food and Beverage Industry: Bovine gelatin is widely used in food products like confectionery, dairy, desserts, and beverages due to its functional properties such as gelling, stabilizing, and thickening. The expanding global food and beverage industry drives demand for bovine gelatin.

• Rising Health Consciousness: Consumers are increasingly opting for natural and clean-label ingredients in their food and personal care products. Bovine gelatin, being a natural protein derived from collagen, aligns with the trend towards healthier and more sustainable choices.

• Growing Pharmaceutical Applications: Bovine gelatin is used extensively in the pharmaceutical industry for encapsulation of drugs, vitamins, and nutritional supplements. The increasing prevalence of chronic diseases and the aging population are driving growth in pharmaceutical gelatin applications.

• Expanding Cosmetic and Personal Care Sector: Bovine gelatin finds applications in cosmetics and personal care products such as skin care creams, hair care products, and capsules for beauty supplements. The growing beauty and wellness industry globally contributes to increased demand for bovine gelatin.

• Technological Advancements in Gelatin Production: Innovations in gelatin extraction, purification processes, and product formulations enhance the quality and functionality of bovine gelatin. These advancements cater to diverse industry needs and expand market opportunities.

• Rising Disposable Income and Urbanization: Economic growth, rising disposable incomes, and urbanization lead to increased consumption of processed foods, pharmaceuticals, and personal care products globally. This demographic shift boosts demand for bovine gelatin across various end-use sectors.

• Expanding Applications in Biomedical and Nutraceutical Industries: Bovine gelatin is increasingly used in biomedical applications such as tissue engineering, wound dressing, and drug delivery systems. Additionally, its role in nutraceuticals for joint health and dietary supplements drives market growth.

• Stringent Regulations Favoring Gelatin Usage: Regulatory frameworks promoting the use of gelatin as a safe and natural ingredient in food, pharmaceutical, and cosmetic industries support market expansion. Compliance with quality standards and certifications enhances consumer trust and market acceptance of bovine gelatin products.

Bovine Gelatin Market: Merger and New Product Launch

• In April 2023, Darling Ingredients Inc. acquired Gelnex, a top manufacturer of gelatin and collagen products in Brazil. This move helped Darling expand its production capabilities to meet the growing demand for gelatin in the market.

• In July 2022, Perfect Day, a U.S. dairy startup, announced plans to acquire Sterling Biotech, one of the world’s largest gelatin manufacturers, after winning a bid at an auction. Perfect Day bid approximately USD 79.8 million for the Indian gelatin company, positioning itself for future growth opportunities.

• In December 2021, Halavet Foods, a Turkish company, invested USD 25 million to establish a new halal gelatin plant in Turkey. This investment aims to double gelatin exports to North America and support the company’s goal of producing and exporting gelatin and collagen products worth USD 100 million.

Report Scope

Bovine Gelatin Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Bovine Gelatin Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in International Trade and Businesses: The COVID-19 pandemic has disrupted global trade and business operations, significantly impacting the bovine gelatin market. Government-imposed restrictions on travel and trade have disrupted supply chains and manufacturing processes, affecting the production and distribution of bovine gelatin products worldwide.

• Demand Fluctuations: The pandemic-induced disruptions have affected various industries that are major consumers of bovine gelatin, such as electronics, automotive, aerospace, and healthcare. Lockdown measures and supply chain interruptions led to reduced manufacturing activities and delayed infrastructure projects, thereby lowering the demand for bovine gelatin in these sectors.

• Regulatory Framework and Market Challenges: The regulatory landscape for bovine gelatin saw changes influenced by the pandemic, including adjustments to safety standards and regulations. Economic uncertainties stemming from the crisis have posed challenges such as increased costs, technical constraints, and workforce shortages, restraining market growth in the bovine gelatin sector.

• Operational Challenges: Health and safety protocols implemented in manufacturing facilities during the pandemic added operational complexities and raised production costs for bovine gelatin manufacturers. Labor shortages due to illness-related absences and quarantine measures further impacted production capacities and efficiency in the market.

• Adaptive Strategies and Innovation Focus: Companies in the bovine gelatin market responded to the pandemic by adopting remote work models, digitalizing sales and marketing efforts, and diversifying supply chain sources to mitigate disruptions. There was also a notable shift towards innovating bovine gelatin products, integrating advanced features to meet evolving market needs and capitalize on emerging opportunities in sectors like smart city projects.

• Technological Advancements: Ongoing advancements in technology, including AI-based applications and enhanced connectivity in traffic management systems, are expanding the scope and applications of bovine gelatin. These innovations are creating new opportunities and driving growth in the market by enhancing product functionalities and meeting increasingly sophisticated consumer demands.

• Automation Trends: The pandemic underscored the importance of automation in manufacturing and urban infrastructure projects, accelerating demand for bovine gelatin in automated systems such as smart traffic management and other smart city initiatives. This trend reflects a broader shift towards reducing reliance on manual labor and increasing efficiency in industrial processes.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Bovine Gelatin Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Bovine Gelatin Market:

• Gelita AG
• Rousselot
• Nitta Gelatin Inc.
• Weishardt Group
• Darling Ingredients Inc.
• Ewald-Gelatine GmbH
• Lapi Gelatine S.p.A.
• Trobas Gelatine B.V.
• Italgelatine S.p.A.
• Junca Gelatines S.L.
• Geltech Co. Ltd.
• Reinert Gruppe Ingredients GmbH
• PB Gelatins GmbH
• Sterling Gelatin
• Gelco S.A.
• Others

The Bovine Gelatin Market is segmented as follows:

By Form

• Powder
• Capsule & Tablets
• Liquid

By Type

• Type A
• Type B

By Nature

• Organic
• Conventional

By Application

• Food and beverages
• Cosmetics & personal care
• Pharmaceuticals
• Others

By Distribution Channel

• B2B
• B2C
• Supermarket/hypermarket
• Specialty supplement stores
• Drugstore & Pharmacies
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America