"On the Horizon: Pharmaceutical Gelatin Market to Reach USD...

"On the Horizon: Pharmaceutical Gelatin Market to Reach USD 1.76 Billion by 2030"

Posted 2024-04-01 12:24:17

The global Pharmaceutical Gelatin market is poised for steady growth in the coming years, with a projected value of USD 1.76 billion by 2030. Starting from a valuation of USD 1.15 billion in 2022, this forecast represents a reliable Compound Annual Growth Rate (CAGR) of 5.4% over the forecast period from 2023 to 2030.Pharmaceutical Gelatin serves as a critical ingredient in the formulation of various pharmaceutical products, including capsules, tablets, and coatings. It is valued for its ability to enhance drug stability, bioavailability, and ease of administration, making it an indispensable component in the pharmaceutical industry.

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KEY PLAYERS:

Major key players are Capsugel, Gelita AGv, Catelent Inc., Rousselot, Sterling Gelatin, Norland Products Inc, Weishardt, Tessenderlo Group, Roxlor llc, Nitta Gelatin Inc, and other players.

Key factors driving the growth of the Pharmaceutical Gelatin market include:

KEY MARKET SEGMENTATION:

By Application

Hard Capsules
Soft Capsules
Tablets
Absorbable Hemostats

By Source

Porcine
Bovine Skin
Bovine Bone
Marine
Poultry

By Function

Stabilizing agents
Thickening agents
Gelling agents & Other Functions

By Type

Type A
Type B

Rising Demand for Gelatin-Based Pharmaceutical Products: With the increasing prevalence of chronic diseases and the growing aging population, there is a rising demand for gelatin-based pharmaceutical products, driving the demand for pharmaceutical gelatin.
Advancements in Drug Delivery Technologies: Technological advancements in drug delivery systems, such as softgel capsules and gelatin-coated tablets, are driving the demand for pharmaceutical gelatin as a versatile and efficient excipient in pharmaceutical formulations.
Expanding Pharmaceutical Industry: The rapid expansion of the pharmaceutical industry, particularly in emerging markets, is fueling the demand for pharmaceutical gelatin for use in the manufacturing of a wide range of therapeutic products.
Growing Consumer Preference for Gelatin-Based Supplements: The increasing consumer awareness about the benefits of gelatin-based supplements, such as improved joint health and skin elasticity, is driving the demand for pharmaceutical gelatin in the nutraceutical sector.

The projected growth of the Pharmaceutical Gelatin market presents significant opportunities for gelatin manufacturers, pharmaceutical companies, and contract manufacturing organizations to expand their product portfolios and capitalize on emerging market trends.

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