The Bovine Gelatin market is valued at USD 3.0 Bn in 2022 and is projected to grow at a CAGR of 3.8% during the forecast period, to reach a value of USD 4.3 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Bovine Gelatin demand is projected to grow year-on-year (Y-o-Y) growth of 3.4% in 2022.
Attributes
Details
Market Size Value in 2022
USD 3.0 Billion
Market Forecast Value in 2032
USD 4.3 Billion
Global Growth Rate (2022 to 2032)
3.8% CAGR
Forecast Period
2022 to 2032
Collective Value Share: Top 3 Countries (2021A)
30.4%
Collagen, a protein material derived from animal tissue like skin and bone, is partially hydrolyzed to create bovine gelatin, a protein substance. Bovine gelatin is made of long molecular chains of amino acids linked together by amide bonds. Bovine gelatin is a certified BSE-free, halal, non-GMO, GRAS, and kosher product. Bovine gelatin satisfies USP and FCC requirements.
In food and beverage products, bovine gelatin serves as a stabilizer, fat-replacer, thickener, texturizer, and binding agent. Consumers are increasingly choosing natural and organic goods as their awareness of health and wellness grows. Since bovine gelatin is additive- and chemical-free, its use in the food and beverage, nutraceuticals, cosmetic, and pharmaceutical industries are rapidly expanding.
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2017-2021 Bovine Gelatin Market Outlook Compared to 2022-2032 Forecast
Bovine Gelatin demand grew at 4.3% CAGR between 2017 and 2021. One of the main drivers of the worldwide bovine gelatinmarket is the rising consumer awareness of the importance of good eating habits and the global rise in health concerns.
In the upcoming years, the global market for bovine gelatin is anticipated to expand significantly at a rapid rate. The overall market is being driven by the rising demand for food ingredients with improved flavors and textures. Additionally, consumers are requesting goods that will aid them in maintaining their health as they become more aware of the advantages of living a healthy lifestyle.
Numerous Health Benefits of Bovine Gelatin Support the Expansion of its Market
Bovine gelatin helps to make joints more flexible and reduced lowers joint pain. Bones and muscles are strengthened by bovine gelatin. Because it encourages quicker recuperation, athletes' and sportspeople's demand for bovine gelatin is rising quickly. The availability of amino acids helps to increase stamina and performance in the gym or sports since the human body uses bovine gelatin to produce everything from connective tissue to tendons all in all Bovine gelatin helps to build lean muscle.
Additionally, worldwide awareness of a healthy lifestyle and nourishing diet is rising quickly. People of all ages, from children to the elderly, are becoming more health-conscious and avoiding bad eating habits. They are focusing on working out and building a healthy lifestyle.
Bovine gelatin is an excellent source of protein and offers several health advantages. Protecting connective tissues, lowering the chance of injury, and assisting in the maintenance of healthy joints are some of these advantages. Protein bars, powders, and other sports nutrition products frequently utilize bovine gelatin. The growth rate of bovine gelatin is expected to increase throughout the forecast period as more consumers become health-conscious.
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Country-wise Insights
How is the US Gelatin Market Shaping?
The US Gelatin market is expected to rise at a CAGR of 4.8% by 2032. Bovine Gelatin is primarily used for its unique properties, which include gelling, stabilization, emulsification, and binding. With consumer awareness of nutritious and healthy diets, there is a rapid increase in demand for energy drinks and processed foods, which stimulates the growth of the Bovine gelatine market.
Why is Germany Considered a Key Bovine Gelatin Consumer of Europe?
According to FMI, the sales of gelatin in Germany are projected to rise at a notable CAGR over the projection period and hold a market share of more than 6.4% at present in 2022.
The rising growing sales of Bovine gelatin-based biomedical products to enhance hair texture and quality are expected to boost the market growth. Bovine Gelatin is used in the haircare industry because it helps to reduce hair fall and improve hair growth. With a growing consumer preference for hair care treatment products, the use of Bovine gelatin in personal care products is forecast to expand.
Category-wise Insights
Which End-Use Application is Contributing the Most Towards Bovine Gelatin Sales?
Gelatin is widely used in food & beverage, personal care, pharmaceutical, and nutraceutical. As gelatine is widely used in marshmallows desserts, trifles, jellies, aspic, yogurt, transparent sweets, cream cheese, jelly babies, jams, ice cream, cake mixes, charlottes, mousses, chewing gum, cake icing and frosting, margarine, bakery glazes, meringues, coffee, and powdered milk, jellied soups, sauces and gravies, canned ham and chicken corned beef and sausage as well, hence owing to this wide range of application sales of gelatin in food and beverages is expected to grow.
What Nature is Top Selling in Gelatin market?
The conventional segment of gelatin is likely to be the leading form however owing to consumer inclination towards organic food products, organic gelatin shows a higher growth rate in the future.
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Competitive Landscape
Market players are aiming to expand their market presence in various countries and regions to fetch the shooting demand for the gelatin market. Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc., India Gelatine & Chemicals, Nitta Gelatin Inc., Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding San are key players in gelatin market
Scope of Report
Attribute
Details
Market Size Value in 2022
USD 3.0 Billion
Market Forecast Value in 2032
USD 4.3 Billion
Global Growth Rate
3.8% CAGR
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
MT for Volume and USD Billion for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA
Key Countries Covered
United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others
Key Market Segments Covered
Product Type, Nature, End-Use Application
Key Companies Profiled
Sterling Biotech Limited
Gelita AG
Darling Ingredients Inc
Nitta Gelatin Inc.
India Gelatine & Chemicals
Tessenderlo Group
Sterling Gelatin
PB Gelatins GmbH
Junca Gelatines S.L,
Trobas Gelatine BV
Weishardt Holding SA
Others
Pricing
Available upon Request
Bovine Gelatin Market by Category
By Type, Bovine Gelatin Market is Segmented as:
Type A
Type B
By Nature, Bovine Gelatin Market is Segmented as:
Conventional
Organic
By End-Use Application, Bovine Gelatin Market is Segmented as:
Protein Bars and Powder
Food & Beverage
Confectionery
Dairy Products
Meat & Poultry Products
Desserts
Beverage
Others
Personal Care
Pharmaceutical
Nutraceutical
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Frequently Asked Questions
How much worth is the Bovine Gelatin industry?
The Bovine Gelatin market is estimated to reach sales of nearly USD 3.0 Bn by 2022.
At what CAGR is the market expected to expand through 2032?
Bovine Gelatin market revenue is expected to increase at a CAGR of around 3.8% during the period 2022-2032.
How was the performance of Bovine Gelatin over the past half-decade?
Bovine Gelatin sales increased a CAGR of around 4.8% over the past half-decade.
What will be the market for Bovine Gelatin worth in 2032?
The global Bovine Gelatin market value is estimated to be around USD 4.3 Bn in 2032.
Who are the key brands operating in the market?
Sterling Biotech Limited, Gelita AG, Darling Ingredients Inc, Nitta Gelatin Inc., India Gelatine & Chemicals, Tessenderlo Group, Sterling Gelatin, PB Gelatins GmbH, Junca Gelatines S.L, Trobas Gelatine BV, Weishardt Holding SA are expected to be the top players driving the market growth.
Which are the top countries driving the Bovine Gelatin market demand?
The top countries driving the Bovine Gelatin demand are the US, India, Australia, Germany, the and UK.
