rising demand for bovine gelatin from various industries is driving the Bovine Gelatin Market
Technavio analyzes that the Bovine Gelatin Market is expected to grow at a CAGR of 9.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1199.2 million.There are various factors that contribute to the growth of the market. The bovine gelatin market is experiencing significant growth due to the increasing demand from various industries. Bovine gelatin, derived from collagen extracted from animal bones and hides, is widely used in food and beverage, pharmaceutical, and cosmetic industries. Its unique properties, such as its ability to thicken, stabilize, and gell, make it an essential ingredient in numerous applications. The growing popularity of these industries, particularly in developing economies, is driving the market's expansion. Additionally, the rising trend of clean labeling and the growing awareness of the health benefits of gelatin are further boosting the market's growth.
Type A bovine gelatin, derived from acid-treated cow hides, is a high molecular weight natural ingredient in high demand within the global food industry. This gelatin variant boasts a robust gelling power, strong gel strength, and exceptional clarity, making it an indispensable component in dessert gels, marshmallows, and confections. Its heat stability, neutral taste, and odor further solidify its popularity among food manufacturers. The aging population's increasing preference for natural supplements and alternative medications has fueled the market growth for bovine gelatin. Regulations and food safety concerns, including animal disease (Type A) and stringent production standards, ensure the industry's continued adherence to ethical and quality benchmarks. The burgeoning processed and convenience food sectors further bolster the market's expansion.
Know which region is leading the market growth by requesting a sample report
Bovine Gelatin Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The global bovine gelatin market encompasses the production and application of gelatin derived from animal body parts, particularly bovine hides and bones. This versatile protein is used in various industries, including pharmaceuticals for manufacturing collagen-based drugs, food for jellies, vitamin capsules, and confectionery, photography, cosmetics for skin, hair, and bone health supplements, and dairy products. Peptides and proteins are derived through hydrolysis. The growing global population and aging population's increasing demand for natural ingredients in dietary supplements, nutraceuticals, and cosmetics drive market growth. Regulations, food safety, animal diseases, and alternative medications, such as plant-based collagen, pose challenges. Applications span healthcare, pharmaceuticals, food supplement industry, and skin, hair, and bone health. Collagen, a key component of gelatin, is used for skin, hair, and bone health, making it a natural ingredient for anti-aging supplements and cosmetics. The food industry utilizes gelatin in jellies, vitamin capsules, and dairy products. The hydrolysis process produces peptides and proteins, which have additional applications. The increasing demand for natural supplements and alternative medications, coupled with the aging population's growing health concerns, fuels market growth. However, regulations, food safety, and animal diseases, such as swine flu and bird flu, pose challenges.
The bovine gelatin market is a segment of the larger commodity chemicals industry, focusing on the production of collagen derived from animal body parts. Key applications for bovine gelatin include the pharmaceutical sector for use in pharmaceutical drugs, food industry for jellies, puddings, and desserts, photography for film development, vitamin capsules, cosmetics, confectionery, and dairy products. Market expansion will be fueled by rising demand for bovine gelatin in these sectors, particularly in the production of lightweight, corrosion-resistant plastic packaging materials for food and pharmaceutical applications. The global commodity chemicals market, which encompasses manufacturers of industrial and basic chemicals, excluding diversified, agricultural, and specialty chemical companies, is projected to experience significant growth due to this increasing demand for plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
