Overview and Scope
Bovine gelatin refers to a gelling substance made of protein and is produced from the partial hydrolysis of collagen, a protein substance that has been taken out of animal tissue like skin and bone. It is used as a stabilizer, thickener, texturizer, and for fat replacement.
Sizing and Forecast
The bovine gelatin market size has grown strongly in recent years. It will grow from $2.47 billion in 2023 to $2.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing demand in food industry, expansion of pharmaceutical sector, increasing use in nutraceuticals, rising popularity in bakery products, functional properties in dairy products, efficient gelling agent, expansion of meat processing industry..
The bovine gelatin market size is expected to see strong growth in the next few years. It will grow to $3.54 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to demand in confectionery products, innovations in gelatin-based snacks, functional applications in functional foods, emergence of collagen supplements, sustainable sourcing practices, increased adoption in pet food industry.. Major trends in the forecast period include technological advancements in processing, advancements in gelatin extraction methods, customized gelatin solutions, health and wellness trends, research and development for novel applications..
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Segmentation & Regional Insights
The bovine gelatin market covered in this report is segmented –
1) By Type: Type A, Type B
2) By Form: Powder, Capsule and Tablets, Other Forms
3) By Nature: Conventional, Organic
4) By Distribution channel: Business To Business, Business To Consumer, Supermarket or Hypermarket, Specialty Supplement Stores, Drug stores and Pharmacies, Online Stores
5) By End-Use Application: Protein Bars and Powder, Personal Care, Pharmaceutical, Nutraceutical, Other End Users
Asia-Pacific was the largest region in the bovine gelatin market in 2023. The regions covered in the bovine gelatin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increasing concern for wellness and health is expected to propel the growth of the bovine gelatin market going forward. Health and wellness refer to the state of absence of disease along with the wellbeing of the whole physical, mental, and social well-being. Presently people are more concerned for their well-being and are taking efforts such as incorporating healthy foods supplements sourced from bovine gelatin in their routine to stay healthy. For instance, in July 2022, according to 2022 Food and Health Survey report published by Food Insight, a US-based science-based information company on health, nutrition, food safety, and agriculture, 52% of participants in the Food and Health Survey adhered to a particular diet or eating pattern, an increase from 39% in 2021. Therefore, the increase in concern for wellness and health is driving the growth of the bovine gelatin market.
Key Industry Players
Major companies operating in the bovine gelatin market are focused on investing to expand their footprints and strengthen their position in the market. The company’s investments aim to aid in the expansion of its own company and have the potential for a large financial return. In August 2023, Jellatech, a US-based business-to-business (B2B) biotech company that produces high-quality, pure, animal-free collagen and gelatin, secured a $3.5 million investment in an oversubscribed seed round led by Founders, a Denmark-based venture capital company, to expand its business of manufacturing collagen, gelatin, and other proteins without using animal products. Using the additional funds, Jellatech plans to hire more staff, expand its cellular agriculture process, and ultimately launch its products on the market.
The bovine gelatin market report table of contents includes:
1. Executive Summary
2. Bovine Gelatin Market Characteristics
3. Bovine Gelatin Market Trends And Strategies
4. Bovine Gelatin Market – Macro Economic Scenario
5. Global Bovine Gelatin Market Size and Growth
..
31. Global Bovine Gelatin Market Competitive Benchmarking
32. Global Bovine Gelatin Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bovine Gelatin Market
34.Bovine Gelatin Market Future Outlook and Potential Analysis
35. Appendix
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