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The global bovine gelatin market size was valued at USD 1.13 billion in 2021. The market is projected to grow from USD 1.21 billion in 2022 to USD 1.88 billion by 2029, exhibiting a CAGR of 6.46% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with bovine gelatin experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of 0.82% in 2020 as compared to 2019.
The bovine gelatin market is expected to witness rapid growth in the coming years due to the growing concerns of health consciousness, emerging awareness about the importance of the product, and the surging demand for proteinaceous products across the globe. It is derived from the collagen of several body parts of cattle such as skin or bones. This product is a colorless, translucent, and flavorless additive, which is largely used in confectionery and dairy industries as a stabilizer, thickener, binding, and gelling agent. With the rising focus on health and wellness, the growing demand for dietary supplements and the increased usage of gelatin in nutricosmetics, healthcare, and personal care industries are further responsible for driving the market growth.
Disruption in Raw Material Supply Leads to Negative Growth Amidst Pandemic
The unforeseen outbreak of the COVID-19 pandemic has affected the overall economy, financial growth, manufacturing, and consumption pattern of individuals. The nationwide lockdown, the closure of production facilities, and difficulties in logistics hampered the overall business of the food industry across the globe. These disruptions led to the demand-supply gap, a surge in prices, and poor transportation and logistics hampered the import and export of raw materials. However, with the fainting effects of COVID-19, consumption of dietary supplements or protein-enriched products/fortified products has significantly increased among consumers. Moreover, in order to improve the yield and quality of the end product, gelatin is largely used as a frozen food improver, beverage clarifier, and meat improver in the food industries. Thus, in this way, gelatin and its derivatives are highly accepted by consumers and are incorporated into their daily diets. Additionally, due to increased utilization, various companies such as Darling Ingredients Inc. and Merck KGaA (Sigma-Aldrich) observed an increment of 16.41% and 28.01% in their pharmaceutical sales during 2020.
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Rising Emphasis on Healthy Skincare Routines and Photography to Influence the Product Adoption
The market is rapidly evolving due to the product’s rising utilization in both food and non-food industries. In recent years, due to the growing awareness about personal care, the importance of the skincare regime has significantly risen to a greater extent. Gelatin is largely used as a major ingredient in cosmetic applications, such as anti-wrinkle/anti-aging face creams, body lotions, sunscreens, and hair sprays, which adds to the market growth. In addition, the surging consumer demand for high-quality active ingredients in modern cosmetic products further facilitates skin cleansing efficacy and gentleness, thus contributing to market growth.
On the other hand, gelatin silver print photography has been popular since the 19th century and was used to produce glossy photographic prints of long-lasting quality. The gelatin was ideally extracted from crushed beef bone due to natural photo-developing and drying attributes. Furthermore, in February 2022, a team of researchers from Johannes Kepler University Linz printed 3D soft robots with the help of biodegradable materials such as gelatin and sugar as ink. In addition, the team is working toward experimenting with variations in their ink content, which can be later used to produce 3D objects.
Growing Geriatric Population and Athletes Aids Consumption of Bovine Gelatin-based Products
Population aging is a major global phenomenon, and almost all societies in the world are in the midst of their longevity revolution. Some are at their early stage, and some have already reached their advanced level. In this modern era, where customers and businesses have become more aware of the nutritional information of various products, their demand for gelatin-based products to address their specific requirements is rising. The growing geriatric population has significantly influenced the usage of gelatin-based products in order to improve their cognitive functions, physical disability or gastric issues, and many others.
For instance, in September 2021, PB Leiner and Florida State University (FSU) conducted a clinical study on the active middle aged-population to examine the effect of bovine gelatin, “Solugel” on joint pains. The results showed a considerable reduction in the pain and discomfort of the population ranging between 45-69 years of age. Moreover, gelatin-based products are witnessing a rapid demand surge among sportspersons, as it helps in quicker recovery, boost stamina, and promotes lean muscle mass. For instance, in September 2021, according to “Sports Medicine”, the research stated that gelatin-enriched foods or other supplements might promote collagen turnover in athletes if consumed before exercise with adequate vitamin C. This will effectively help in the healing process of sprains or joint degradation caused by acute injury.
Consistent Focus on Research & Development Contributes to the Market Growth
The market is witnessing growth due to the rising demand for multiple functional food and beverages among customers. Gelatin-based products in recent years have become more appealing to consumers to address their specific whims and desires. As the number of individuals opting for gelatin-fortified products in the context of building and supporting a healthy lifestyle increases, they seek products and brands that fulfill their daily requirements. Moreover, the prominent players are also investing in fortifying the existing products and innovating novel products or packaging films enriched with the ingredient. For instance, in March 2022, a study was conducted by “Composites and Hybrid Nanocomposites Group (GCNH) at Sao Paulo State University for producing “bioplastic”, made from type B cattle-derived gelatin.
The film is biodegradable and anti-microbial in nature, thus contributing to a sustainable environment. In addition, the augmented demand for halal-grade gelatin is putting serious pressure on manufacturers to invest in the production of such products. For instance, in December 2021, Halavet Food, a Turkish Firm, invested USD 25 million in expanding its global footprint by opening a new manufacturing facility for the food-grade cattle-derived gelatin plant. The company plans to expand its business line in the North American market and provide ample raw materials for pharmaceutical industries. Such instances further pave the way for market growth.
Increasing Prevalence of Cattle-Related Disease Erodes Consumer Trust and Negatively Impacts Market’s Growth
Gelatin obtained from cattle is susceptible to various diseases. For instance, the World Health Organization reported the first few cases in 2002, which significantly affected the bovine industry. As the disease can be easily transmitted to consumers, the government undertook several strict regulations to maintain consumer safety and ensure that any product derived from diseased animals is not sold in the market. As sporadic outbreaks of BSE continue in some countries worldwide, health-conscious consumers prefer to replace it with other alternatives, such as pig and fish gelatin. For instance, in August 2018, the U.S. Department of Agriculture (USDA) announced a new case of H-type Bovine Spongiform Encephalopathy (BSE) case in a six-year-old mixed-breed beef cow in Florida. Moreover, bovine mastitis is largely observed among cattle and is the most common disease, which leads to poor production of yield, which ultimately hampers the sales of bovine gelatin-based products.
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Food & Beverages Segment to Account for Major Market Share due to Rising Consumer Preferences for Natural Ingredients
Based on application, the market is divided into food & beverages, healthcare & pharmaceuticals, cosmetics, and others. Out of all, the food and beverages segment holds the largest share due to the rising consumer preferences for natural ingredients, which can be consumed on a daily basis. The growing consumption of different variants of gelatin-based products and other supplements for a protein-enriched diet augments the demand as well as the growth of the market. Moreover, the growing usage of the ingredient for the preparation of vaccines, drugs, and other tissue engineering applications, further escalates the overall growth of the market. The growing incidences of cosmetic surgeries, bone-related diseases, and wound healing treatment, along with the growing affordability of consumers, contribute to the growth of the segment.
Capsule & Tablets to Exhibit Solid Growth Owing to the Rising Demand for Convenience
On the basis of form, the market is segmented into powder, capsule & tablets, and others. The capsule & tablets segment held the maximum revenue share in 2020 and is expected to remain dominant in the coming years. The growth of the capsule & tablet segment is rapidly increasing due to its numerous benefits such as accurate dosing, mobility, easy accessibility, and safety of consumption. In addition, the increased demand for bovine gelatin-enriched capsules & tablets offers lucrative opportunities for the manufacturers to launch novel products in the market, thus enhancing the market’s potential. Other factors, such as increased disposable income, surging demand for health-imparting products, and the rising inclination toward natural ingredients, also stimulate the market size.
Asia Pacific Bovine Gelatin Market Size, 2021 (USD Million)
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Europe Holds Maximum Market Share Attributed to Rising Consumption of Protein-Rich Diets
Europe dominated the market and was valued at 437.08 million in 2021. This is majorly due to the rising bovine gelatin demand from end-use industries such as cosmetics, pharmaceuticals products, food & beverages, and others. Moreover, the growing demand for packaged products in the countries such as Germany and the U.K. also surges the demand for the product, as gelatin is largely used as a stabilizer in packaged foods as well as used for improving the shelf life. Key players in the European market have adopted numerous strategies to expand their business line by launching new products and collaborating with stakeholders, which will help increase their overall profitability. For instance, in December 2021, Lapi Gelatin S.p.A. announced the acquisition of Spain-based Junca Gelatines, as it is focusing on developing the industrial gelatin sector for the food and pharmaceutical industries. This move has emerged as one of the most crucial decisions by the company, which will further help raise the firm's overall capital.
Asia Pacific is projected to hold the second-largest share of the market and is expected to grow further in the coming years. Over the last few decades, countries in Asia Pacific have been focusing more on improving the healthcare sector and are working toward achieving the targets by ensuring health benefits and overall well-being for all ages, which facilitates the usage of gelatin in healthcare industries. Increased awareness about the role of bovine gelatin, as well as advanced medical services, drives the overall market growth. For instance, according to the “India Brand Equity Foundation,” 2022, the Indian healthcare sector is likely to witness a three-fold rise (2016-2022) due to the rising visits of foreign tourists for medical treatment in India. Moreover, in the “Economic Survey,” 2022, India’s public expenditure on the healthcare sector rose by 2.1% of GDP (2021-2022) against 1.8% in 2020-2021.
South America is also witnessing a surge in the consumption of cattle-derived gelatin products attributed to the rising usage of gelatin in 3D photography and treatment of aging skin and arthritis, especially in countries such as Brazil and Argentina, further paving the growth.
The North America bovine gelatin market growth in the coming years is predicted to be lucrative as customers are switching toward “nutritional supplements” made using gelatin derived from animals such as pork, fish, and bovine. The rising geriatric population, coupled with the growing health consciousness across the region as animal-based gelatin is considered to be rich in protein, is the major driving factor for the market growth.
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The Middle East & Africa region is growing at a comparatively slower pace but it is projected to proliferate due to the emerging importance of the product and its derivatives in the region. In recent years, the regional market has witnessed an escalated demand for kosher and halal-certified products, primarily due to the growing demand from the Jewish and Islamic populations, which further boosts the growth potential.
Key Players are Launching Innovative Products to Attract High Consumer Base
Some of the prominent bovine gelatin players operating in the market include NITTA GELATIN, INC., Lapi Gelatin S.p.A., Great Lakes Wellness, and Darling Ingredients Inc., among others. These companies are widely focusing on expanding their business capacity by introducing products or strengthening their production facilities via mergers or acquisitions. By collaborating with other small market players, the players can enhance their business earnings. New strategies such as promotional activities and other campaigns can also help in gaining consumer attention, which aids in improving the growth potential.
An Infographic Representation of Bovine Gelatin Market
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The research report includes quantitative and qualitative insights into the market. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, regulatory scenario, regional analysis in critical countries, and key bovine gelatin industry trends.
Value (USD Billion)
Fortune Business Insights says that the global market size was valued at USD 1.13 billion in 2021 and is projected to reach USD 1.88 billion by 2029.
The market is projected to grow at a CAGR of 6.46% during the forecast period.
The capsule & tablets segment is expected to be the leading form segment in the global market.
The growing geriatric population and athletes and consistent focus on research & development drive the market growth.
NITTA GELATIN INC., Lapi Gelatin S.p.A., and Darling Ingredients Inc. are a few of the top players in the global market.
Europe is expected to hold the highest market share throughout the forecast period.
The rising prevalence of cattle-related diseases acts as one of the major market restraints for the industries.
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