Global Bovine Gelatin Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Bovine Gelatin Market is expected to record a CAGR of 8.67% from 2024 to 2033. In 2024, 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.

Indian Savoury Snacks Industry in 2022 (%)

Source: Assocham and Thought Arbitrage Research Institute (TARI)

The Indian Savoury Snacks market is valued at approximately US$ 9.07 billion in 2022 and is expected to grow to around US$ 14.82 billion by 2026, with a compound annual growth rate (CAGR) of 13%. Specifically, the organized sector of the Indian ethnic namkeen and snacks market is projected to expand at a CAGR of 16%, reaching a market size of US$ 2.46 billion by 2026. This growth represents a significant increase from US$ 1.74 billion recorded in 2022.

Bovine Gelatin Market – Significant Growth Factors

The Bovine Gelatin Market presents significant growth opportunities due to several factors:

• 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 – New Launches and Acquisitions

The Bovine Gelatin Market has seen several new launches and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Bovine Gelatin Market include:

• 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.

These product launches, partnerships, and acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Bovine Gelatin market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Bovine Gelatin Market – Significant Threats

The Bovine Gelatin Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Health Concerns and Dietary Shifts: Increasing awareness of animal welfare issues and dietary preferences favoring plant-based alternatives pose a threat to traditional bovine gelatin consumption. Shifts towards vegetarian and vegan lifestyles may reduce demand for bovine gelatin products.

• Regulatory Challenges: Stringent regulations regarding animal-derived products, including gelatin, could impact production processes and market access. Compliance with evolving standards related to safety, traceability, and ethical sourcing presents ongoing challenges for manufacturers.

• Supply Chain Disruptions: Vulnerabilities in the supply chain, such as disease outbreaks among livestock or disruptions in raw material sourcing, can impact gelatin production and availability. Global trade tensions or natural disasters affecting cattle farming regions may exacerbate these risks.

• Substitution by Alternative Ingredients: Advances in food technology and the development of plant-based or synthetic alternatives to gelatin present a competitive threat. These substitutes offer comparable functionalities without relying on animal-derived sources, potentially displacing bovine gelatin in various applications.

• Economic Volatility and Price Fluctuations: Economic downturns, fluctuations in raw material prices (such as hides and bones), and currency exchange rate variations can impact production costs and pricing competitiveness of bovine gelatin products. Uncertainties in global economic conditions may affect consumer purchasing power and industry profitability.

Category-Wise Insights:

By Form

• Powder: Bovine gelatin in powder form is widely used in food and beverage applications for its gelling, stabilizing, and thickening properties. It is essential in confectionery, desserts, and dairy products. Trends include the development of clean-label and organic variants to meet consumer demand for natural ingredients.

• Capsules & Tablets: Bovine gelatin is a key ingredient in the pharmaceutical and nutraceutical industries, where it is used for encapsulating drugs, vitamins, and nutritional supplements in capsule and tablet forms. Trends involve innovations in gelatin coating technologies for enhanced stability and bioavailability of active ingredients.

• Liquid: In its liquid form, bovine gelatin finds applications in various industries such as cosmetics, photography, and pharmaceuticals. It is used as a thickener and stabilizer in skincare products, as well as in photographic films and coatings. Trends include increased adoption in biomedical and industrial applications, driven by advancements in gelatin extraction and processing technologies.

By Type

• Type A: Type A bovine gelatin is produced by acid processing, resulting in gelatins with a higher isoelectric point and better solubility in water. It finds extensive use in food applications such as confectionery, dairy products, and desserts due to its rapid gel formation properties. Trends include the development of Type A gelatins with enhanced functionalities like improved emulsification and binding characteristics.

• Type B: Type B bovine gelatin is produced through alkaline processing, resulting in gelatins with a lower isoelectric point and better gel strength. It is commonly used in pharmaceuticals, nutraceuticals, and photographic applications for its ability to form strong and stable gels. Trends involve advancements in Type B gelatins for specialized applications such as controlled-release drug delivery systems and high-quality photographic emulsions.

By Nature

• Organic: Organic bovine gelatin is derived from cattle raised according to organic farming practices, ensuring adherence to strict organic standards throughout the production process. It appeals to consumers seeking natural and sustainably sourced ingredients in food, pharmaceuticals, and personal care products. Trends include the increasing demand for organic certification, transparency in sourcing, and the development of organic gelatin alternatives in response to growing consumer preferences for organic products.

• Conventional: Conventional bovine gelatin is sourced from cattle raised under standard farming practices without specific organic certifications. It remains widely used in various industries including food, pharmaceuticals, and cosmetics due to its versatility and cost-effectiveness. Trends involve advancements in conventional gelatin processing techniques to enhance quality, functionality, and compliance with global safety standards and regulations.

By Application

• Food and Beverages: Bovine gelatin is extensively used in the food and beverage industry for its gelling, stabilizing, and thickening properties. It is a key ingredient in products such as confectionery, desserts, dairy products, and meat substitutes. Trends include the development of clean-label gelatin for natural and organic food products, and innovations in gelatin formulations to meet dietary preferences and functional requirements.

• Cosmetics & Personal Care: In cosmetics and personal care products, bovine gelatin serves as a binding agent, thickener, and film-forming agent. It is used in skincare creams, hair care products, and capsules for beauty supplements due to its natural origin and biocompatibility with skin and hair. Trends involve the use of bovine gelatin in anti-aging formulations, collagen-boosting treatments, and eco-friendly packaging solutions.

• Pharmaceuticals: Bovine gelatin is crucial in the pharmaceutical industry for encapsulating drugs, vitamins, and nutritional supplements in capsules and tablets. It provides stability, controlled release, and bioavailability of active ingredients. Trends include advancements in gelatin coating technologies for improved drug delivery systems, the development of halal and kosher certified gelatin for global markets, and applications in tissue engineering and wound care products.

• Others: Bovine gelatin also finds applications in a range of other industries including photography, biomedical research, and industrial uses such as adhesives and coatings. In photography, it is used in photographic films and papers for its emulsifying properties. Biomedical applications include tissue scaffolding, cell culture substrates, and microencapsulation of bioactive compounds. Trends include the exploration of new applications in 3D printing, wound healing products, and innovative industrial formulations leveraging bovine gelatin’s versatile properties.

By Distribution Channel

• B2B (Business-to-Business): Bovine gelatin is distributed through B2B channels to manufacturers and businesses in the food and beverage, pharmaceutical, and cosmetic industries. This channel caters to bulk purchases for industrial-scale production of gelatin-based products.

• B2C (Business-to-Consumer): Bovine gelatin is sold directly to consumers through B2C channels, including online platforms, retail stores, and specialty shops. Consumers purchase gelatin for home use in cooking, baking, and as dietary supplements.

• Supermarket/Hypermarket: Bovine gelatin products are available in supermarkets and hypermarkets, where they are part of the food and beverage section. This distribution channel offers convenience and a wide selection of gelatin products to consumers.

• Specialty Supplement Stores: Specialty supplement stores focus on health and wellness products, including dietary supplements and nutritional products containing bovine gelatin. These stores provide specialized knowledge and options for consumers seeking specific health benefits.

• Drugstore & Pharmacies: Bovine gelatin is also distributed through drugstores and pharmacies, where it is primarily sold as capsules or tablets for pharmaceutical and nutraceutical applications. This channel ensures accessibility to gelatin-based healthcare products.

• Others: Additional distribution channels for bovine gelatin may include online retailers, health food stores, direct sales channels, and industrial suppliers catering to specific manufacturing needs. These channels serve diverse market segments and specialty applications beyond traditional retail outlets.

Report Scope

Bovine Gelatin Market – Regional Analysis

The Bovine Gelatin market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: Bovine gelatin holds a prominent position in North America, where it serves as a crucial ingredient across a wide range of industries. In the food and beverage sector, gelatin is used in confectionery, desserts, and dairy products, benefiting from consumer preferences for natural and functional ingredients. The pharmaceutical industry utilizes gelatin extensively for encapsulating medications and dietary supplements, ensuring controlled release and bioavailability. Additionally, gelatin plays a significant role in the cosmetics industry, where it is used in skincare and hair care products for its film-forming and binding properties. North America’s advanced manufacturing capabilities and stringent regulatory environment further bolster the demand for high-quality gelatin products, driving innovation and market growth.

• Europe: Bovine gelatin enjoys robust demand in Europe, driven by its integral role in the region’s food processing, pharmaceutical, and personal care industries. In food applications, gelatin is valued for its versatile functionalities in products such as yogurts, confectionery, and meat substitutes, aligning with consumer preferences for clean-label and natural ingredients. The pharmaceutical sector relies on gelatin for encapsulating drugs and vitamins, ensuring efficacy and patient compliance. Europe’s emphasis on sustainability and animal welfare influences gelatin sourcing and production practices, with many manufacturers adhering to stringent EU regulations. The region’s commitment to quality and innovation continues to shape the gelatin market, with ongoing advancements in product formulations and applications across various industries.

• Asia-Pacific: The Asia-Pacific region is a pivotal market for bovine gelatin, driven by its thriving food and beverage industry and expanding healthcare sector. Countries like China, India, and Japan lead in gelatin consumption, with applications ranging from traditional food products to modern pharmaceutical formulations. Gelatin’s role in Asia-Pacific extends to cosmetics and personal care products, where it is valued for its skin-enhancing properties and natural origin. Rapid urbanization, changing dietary habits, and increasing disposable incomes contribute to the region’s growing demand for gelatin-based products. Moreover, technological advancements in gelatin processing and rising investments in food safety and quality standards further propel market expansion across Asia-Pacific.

• LAMEA (Latin America, Middle East, and Africa): Bovine gelatin is gaining traction in the LAMEA region as consumer awareness grows about its nutritional benefits and diverse applications. In Latin America, gelatin is used in traditional desserts and candies, while in the Middle East and Africa, it finds applications in pharmaceuticals and health supplements. The expanding food processing sector in Latin America drives demand for gelatin in confectionery and dairy products, catering to a youthful and health-conscious population. Meanwhile, in Africa, gelatin’s use in pharmaceuticals and cosmetics is supported by increasing healthcare expenditures and rising beauty standards. As the region undergoes economic development and urbanization, the demand for gelatin is expected to continue rising, supported by investments in manufacturing infrastructure and regulatory frameworks.

Competitive Landscape – Bovine Gelatin Market

The Bovine Gelatin Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• 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

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players entering the Bovine Gelatin market are adopting a variety of growth strategies to establish their presence and compete effectively with established companies. These strategies are designed to leverage technological advancements, address market demands, and create a competitive edge.

These players often focus on developing advanced products, customization, targeting emerging markets, establishing competitive pricing, adopting customer centric approach, offering eco-friendly solutions, and higher focus on marketing and branding activities.

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