by The bovine gelatin market has witnessed significant growth in recent years owing to its wide applications in food industry. Bovine gelatin improves texture, enhances flavor release and stability of food items. It is frequently used as a thickening, gelling and stabilizing agent in products like yogurts, desserts and snacks. Bovine gelatin is extracted from cowhides and bones through partial hydrolysis. Its digestion and assimilation is easier than proteins from other animal sources. The exceptional functional properties and nutritional profile of bovine gelatin have made it a preferred ingredient in several food items.
The Global bovine gelatin market is estimated to be valued at US$ 2.23 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the bovine gelatin are Nitta Gelatin, Inc., Lapi Gelatin S.p.A., Jellice Pioneer Europe B.V., Darling Ingredients Inc., Gelita AG, Merck KGaA, Lonza Group, Bernard Jansen Products Inc., Luoyang Leston Import and Export Trade Co., Ltd., Nutra Food Ingredients, LLC, Lapi Gelatine, Foodchem International Corporation, Foodmate Co., Ltd., YASIN Gelatine, Vizag chemical, Vikranth Chemical Corporation.
Key opportunities in the Bovine Gelatin Market Demand include growing demand from pharmaceutical and cosmetic industries and wide applications in nutrition supplements, capsules, microencapsulation and wound dressings.
The global bovine gelatin market is expected to witness robust expansion in regions like North America, Asia Pacific and Europe due to rising health conscious population, growing food processing sector and increasing disposable incomes.
Market Drivers
The rising demand from food industry is one of the major market drivers. Growing preference for nutrient-rich and healthy food products is prompting food manufacturers to increasingly use bovine gelatin as an ingredient. Its functional properties allow enhancing textures, stabilization and flavor release in various food items. The exceptional nutritional profile of bovine gelatin further amplifies its demand across the food industry.
PEST Analysis
Political: The regulation regarding the use of Bovine Gelatin Market Size And Trends is likely to change over the forecast period due to rising concerns about animal ethics. Many regions have banned the use of porcine and cattle-derived gelatin for religious and cultural reasons.
Economic: The overall economic growth drives the demand for end-use industries where bovine gelatin is used. Any fluctuation in the economic conditions of major markets directly impacts the bovine gelatin market.
Social: Increasing health consciousness and shift towards veganism and plant-based products pose a threat to the bovine gelatin market. However, the demand from nutraceuticals and pharmaceuticals continue to support the market.
Technological: Advances in microencapsulation technology help expand the application scope of bovine gelatin in formulations. Investment in R&D helps increase efficiency and develop new product forms.
North America accounts for the largest share of the global bovine gelatin market in terms of value due to high demand from nutraceuticals, pharmaceuticals, and food & beverage industries. The region is expected to maintain its leading position over the forecast period supported by ongoing investments to develop advanced products.
The Asia Pacific bovine gelatin market is likely to witness the fastest growth between 2024 and 2031 on account of rising living standards, growing health awareness, and increasing consumption of end-use products particularly in China, India, Japan and Southeast Asia. Product innovation tailored for the regional requirements further supports the regional market growth.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
