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2021
Bovine Gelatin Market

Bovine Gelatin Market

by Form (Powder, Capsule & Tablets and Liquid), Nature (Organic and Conventional), End Use Industry (Food and Beverages, Cosmetics & Personal Care, Pharmaceuticals, and Others), and Distribution Channel (Business to Business and Business to Consumer): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13409
Pages: 295
Sep 2021 | 4784 Views
Author(s) : Raju K , Roshan D
Tables: 172
Charts: 65
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global bovine gelatin market size was valued at $2,811.5 million in 2020, and is expected to garner $6,153.8 million by 2030, registering a CAGR of 8.2% from 2021 to 2030. Conventional segment is likely to reach $3,920.8 million by 2030.  

Bovine gelatin is a colorless, translucent, flavorless, and brittle food additive derived from collagen present in several animal body parts. Gelatin is generally used as a jelling agent in pharmaceutical drugs, food, photography, vitamin capsules, and production of cosmetic. Moreover, gelatin is also one of the most commonly used food additives especially in the confectionary industry and several dairy products, such as cream desserts, yogurts, and a wide range of low fat dairy products and is used to enhance the stability and texture of the product. Gelatin is the mixture of peptides and proteins produced by partial hydrolysis of collagen extracted from tissues of animal such as chicken, pigs and fish.  

Bovine-Gelatin-Market-2021-2030

The global bovine gelatin market has been witnessing bright opportunities, owing to increase in concerns regarding wellness and health among the global population. Moreover, rise in demand for dietary supplements, increase in use of gelatin in the food & beverage industry, inclination of consumers toward healthy and protein rich diet, and increase in applications of gelatin in nutri cosmetic, pharmaceutical, and healthcare drive the global bovine gelatin market growth. 

There has been surge in the usage of collagen and gelatin in food supplement industry. Leading players are incorporating collagen into their ingredients in their products to serve the rising demand. The companies are focused on introducing new plant-based collagen food supplements. It is mainly being applied in manufacturing of products which enhance skin, hair, and bone health. For instance, in April 2020, Garden Of Life launched new Grass-Fed Collagen food supplement powder that can be consumed with water, smoothies, shakes, or any food & beverages.

Bovine gelatin is a promising natural ingredient for health products because of rising consumer demand for natural supplements and an ageing population. Many companies are releasing new natural health products. Customers are more willing to try complementary and alternative medications, which is driving up demand for natural products. Customers strongly prefer natural, not other sourced products to prevent ailments. Naturally sourced ingredients are preferred as the customers feel safe. The associated health benefits and customers’ inclination towards natural ingredients are the key reason that drive the demand of such products in the bovine gelatin market.

New and changing regulations have a major impact on the bovine gelatin business; for instance, Code of Federal Regulations Title 21, food additives and ingredient have to undergo several food tests to ensure food safety before human consumption. The food additives are rejected if they harm more than 1% of the experimented animal. Moreover, rise in animal disease, such as swine flu, bird flu, mad cow, heavy metal disease, and others, is further anticipated to restrict the growth of the market. 

Bovine Gelatin Market
By Form

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Powder segment would witness the fastest growth, registering a CAGR of 8.7% during the forecast period.

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Many companies have made an investment to expand its reach in the fortified confectionery and supplement markets. The market for fortified confectionery is a strategic move. The new line of fortified confectionery is intended to deliver specific health benefits while preserving superb taste and texture. 

Strong global concerns about the pandemic, coronavirus, have largely but negatively influenced the global bovine gelatin market in 2020. Moreover, due to the high demand and low supply trends, the prices of products increased in 2020 to overcome on economic instability. On the contrary, disruptions to the supply chain in shipping could lead to temporary shortages in the supply, putting upward pressure on prices in the short term.       

Bovine Gelatin Market
By Nature

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Organic Segment witnssed a major growth rate of 8.7%

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COVID-19 Scenario Analysis:

  • Industries across the globe have been majorly impacted due to the sudden outbreak and widespread of the novel coronavirus.
  • This has created a demand- supply gap, which is affecting the manufacturing process post lockdown. 
  • Import and export of raw materials required for the manufacturing of bovine gelatin have also been affected, which has impacted the manufacturing and supply of gelatin. This pandemic has created negative impact on the market

According to the bovine gelatin market analysis, the market is segmented into form, nature, end use industry, and distribution channel. Based on form, the market is segmented into powder, capsule & tablets, and liquid. Based on nature, the market is segmented into organic and conventional. The food & beverages, cosmetics and personal care, pharmaceuticals, and others are the end use industry studied in the report.

Based on distribution channel, business to business and business to consumer are the two channel studied in the report. Furthermore, business to consumer are bifurcated into supermarket/hypermarket, specialty supplement stores, Drug stores & Pharmacies, and online stores. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Nigeria,  South Africa, Turkey and rest of LAMEA).    

Bovine Gelatin Market
By End Use Industry

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Nutrition & Supplement Segment held the major share of 43.8% in 2020

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On the basis of form, the capsule & tablets segment accounted for the maximum global bovine gelatin market share in 2020, and is expected to remain dominant during the bovine gelatin market forecast period. Bovine gelatin capsules &tablets are a solid oral dose form for the supplementation of life-saving medications. These handy packaging allow for accurate dosing, mobility, and excellent consumer compliance. Moreover, the drugs or dietary supplements are safe and can be safely stored in these dose forms. These benefits of capsules & tablets make gelatin a convenient product and hence capture the market interest towards it.

Based on the nature, conventional segment held the major share in the market in 2020. Conventionally sourced bovine gelatin is comparatively economical for large-scale production, and hence is widely adopted by manufacturers. Consumers in the developing economies are conscious about the price they pay while making purchase decisions, and hence, rise in awareness about the health benefits of bovine gelatins leads to rise in consumption of conventional gelatin in the developing regions. However, the demand for organically sourced bovine gelatin is anticipated to gain higher traction during the forecast period, owing to rise in preference for organic products among the consumers.

Bovine Gelatin Market
By Distribution Channel

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Organic Segment witnssed a major growth rate of 8.7%

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Based on distribution channel, business to consumer held the major bovine gelatin market share and is likely to remain dominant throughout the forecast period. Business to consumer involves the sale of manufacturers’ product and services to retailers, which are further sold to consumers. Moreover, increase in government expenditure on retail channels along with pricing concession in medicines is augmenting the growth of the bovine gelatin market.

On the basis of region, Asia-Pacific dominated the bovine gelatin market in 2020, and accounted for maximum bovine gelatin market size. Asia-Pacific currently is one of the leading markets of the bovine gelatin market due to the extreme growing demand for Bovine Gelatin products in food and beverages and nutrition & supplements industry.  
Players in the Bovine Gelatin market have adopted business expansion and product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in the report include Bernard Jensen, Darling Ingredients, Gelita, Gelnex, Great Lakes Wellness, Lapi Gelatine Spa, Nitta Gelatin Inc., Tessenderlo Group, Trobas Gelatine BV, and Weishardt. 

Bovine Gelatin Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific held the major share of 38.8% in 2020

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Key benefits for stakeholders  

  • The report provides quantitative analysis of the current bovine gelatin market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing bovine gelatin market opportunities. 
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. 
  • In-depth analysis and the market size & segmentation assist to determine the market potential.
  • The major countries in each region are mapped according to their revenue contribution to the market.     
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the bovine gelatin industry. 

Key market segments 

By form

  • Powder
  • Capsule & Tablets
  • Liquid

By Nature

  • Organic
  • Conventional

By Application

  • Food and beverages
  • Cosmetics & personal care
  • Pharmaceuticals 
  • Others

By Distribution Channel

  • B2B
  • B2C
  • Supermarket/hypermarket
  • Specialty supplement stores
  • Drugstore & Pharmacies
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France
    • UK
    • Italy
    • Spain 
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • South Korea
    • Thailand 
    • Singapore
    • Rest of Asia-Pacific 
  • LAMEA 
    • Brazil
    • Argentina
    • UAE
    • Nigeria
    • South Africa
    • Turkey 
    • Rest of LAMEA
 

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According to the insights of the CXOs, the global bovine gelatin market is expected to witness a robust growth during the forecast period. This is attributed to increase in disposable income in the developing countries, change in lifestyle of consumers, and increase in awareness of the health benefits of gelatin food and beverage products, such as higher composition of protein content and health benefits. Moreover, rise in demand for bovine gelatin among health supplement manufacturing companies has fueled the growth of the global bovine gelatin market.   

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FREQUENTLY ASKED QUESTIONS?

A. The global bovine gelatin market size was valued at $2,811.5 million in 2020, and is expected to garner $6,153.8 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.

A. The forecast period in the Bovine Gelatin Market report is from 2021 to 2030.

A. 2020 is the base year calculated in the Bovine Gelatin Market report.

A. The top companies hold the market share in the Bovine Gelatin Market are Bernard Jensen, Darling Ingredients, Gelita, Gelnex, Great Lakes Wellness, Lapi Gelatine Spa, Nitta Gelatin Inc., Tessenderlo Group, Trobas Gelatine BV, and Weishardt.

A. The capsule & tablets segment is the most influencing segment growing in the Bovine Gelatin Market report.

A. Asia-Pacific dominated the bovine gelatin market in 2020, and accounted for maximum bovine gelatin market size.

A. The companies considered in the report are selected based on annual revenue, product penetration and global reach.

A. The global bovine gelatin market size was valued at $2,811.5 million in 2020.

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