BOVINE GELATIN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Bovine Gelatin Market Size and Trends

The bovine gelatin market is estimated to be valued at USD 1.40 Bn in 2024 and is expected to reach USD 2.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

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The bovine gelatin market is expected to witness significant growth over the forecast period. The growing demand from the food & beverage industry as a gelling agent, stabilizer, and thickening agent is expected to boost the market growth. Gelatin's significant advantages over other hydrocolloids, such as faster melting properties, ease of use at different temperatures, transparency, and better strength, make it popular for use in confectionaries, desserts, baked goods, and meat products. It is also finding increasing usage in personal care products due to its excellent moisture retention and skin-healing properties. Further, rising demand for functional foods and beverages owing to changing consumer lifestyles and increased health awareness is likely to propel the bovine gelatin market growth.

Increasing use in pharmaceutical industry

The use of bovine gelatin has been rising steadily in the pharmaceutical industry over the past decade. Gelatin is used widely in the manufacture of hard and soft gel capsules to deliver pharmaceutical products in soluble and dispersed states. It serves as an excellent matrix material for controlled drug release applications. Gelatin capsules are preferred over other delivery methods due to their ease of ingestion and accurate dosing abilities. The rising global healthcare expenditure and growing elderly population have fueled the demand for drugs and supplements. This has provided a push to the overall pharmaceutical market. With newer and more complex drug molecules entering the pipeline, the need for effective drug delivery carriers is greater than ever. Gelatin plays a vital role here given its proven track record of safety, stability and bioavailability enhancement. Many manufacturers are incorporating gelatin into extended release formulations and other dosage forms to offer convenient dosing options to patients. The gelatin industry is also witnessing growing interest from nutraceutical and dietary supplement sectors. This has further reinforced the need for gelatin in pharmaceutical applications.

Expanding application areas beyond traditional usage

While gelatin has long been used as a gelling agent and stabilizer in food products, its application scope has broadened in recent years. Traditionally, gelatin found widespread use in confectionery, dairy, and bakery goods due to properties like viscosity adjustment and textural appeal. However, sectors like cosmetics and personal care have emerged as new avenues of growth. Many skincare and hair care products today contain gelatin, either as a structuring agent or active ingredient. The protein-rich composition makes it suitable for anti-aging creams, masks and conditioning formulas seeking moisture retention and repair abilities. The biodegradable nature and film forming tendencies have also attracted the 3D printing industry. Gelatin derivatives are being trialed as bio-inks and hydrogels in niche applications of organ printing and tissue engineering. Even sectors like pharmaceutical capsules and nutraceuticals, though not new adopters, are propelling ongoing gelatin needs due to constant portfolio expansion and new product launches. The versatility of gelatin to impart unique handling properties across diverse formulations, without detrimental health effects, will continue bolstering its cross-industry demand going forward.