Categories: Food & Beverages

Bovine Gelatin Market Analysis 2024-2033: Growth, Trends, Size, and Outlook

The Bovine Gelatin by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Bovine Gelatin, 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 geltin 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..

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.

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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

Product innovations are a key trend gaining popularity in the bovine gelatin gaining market. Major companies operating in the bovine gelatin sector are focused development of new products to gain a competitive advantage in the market. For instance, in October 2021, Rousselot Biomedical a US-based manufacturer and supplier of collagen launched the Quali-Pure, a range of gelatin. The product’s unique features include biocompatibility, biodegradability, and batch-to-batch uniformity. The product is suitable for use in a variety of applications such as embolization, wound healing, drug delivery, vaccines, and hemostatics.

The bovine gelatin market report table of contents includes: