Bovine Gelatin Market Primed to Witness High Growth Due to Increasing Application in Confectionaries and Pharmaceutical
Bovine gelatin is a translucent, colorless, brittle substance that is derived from the collagen present in animal bones and skins. It has high protein content and finds wide application in various industries such as food and beverages, pharmaceuticals, photography, and nutraceuticals. Bovine gelatin helps maintain structure, texture and volume in various confectionaries and is a binding agent in tablets, capsules, and various pharmaceutical products. It helps deliver essential nutrients in supplements and enhances taste and consistency of dairy desserts and ice-creams. Bovine gelatin's cost-effectiveness, versatility and functionality has increased its demand globally.
The global bovine gelatin market is estimated to be valued at US$ 2.23 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the bovine gelatin market are Nitta Gelatin, Inc., Lapi Gelatin S.p.A., Jellice Pioneer Europe B.V., Darling Ingredients Inc., Gelita AG, Merck KGaA, Lonza Group, Bernard Jansen Products Inc., Luoyang Leston Import and Export Trade Co., Ltd., Nutra Food Ingredients, LLC, Lapi Gelatine, Foodchem International Corporation, Foodmate Co., Ltd., YASIN Gelatine, and Vizag chemical .
The Bovine Gelatin Market Growth certified gelatin and growing application of gelatin in nutraceuticals and dietary supplements. Technological advancements include development of recombinant and hydrolyzed gelatin which exhibits improved digestibility and protein solubility.
Market Drivers
One of the key drivers for the bovine gelatin market is the growing confectionery and bakery industry. Bovine gelatin serves as a perfect binding and gelling agent in various confectionery products such as marshmallows, gummies, and cake mixes. It helps maintain freshness, texture, and stability of these products. Thus, rising demand for confectioneries is expected to positively influence the bovine gelatin market during the forecast period.
Challenges in Bovine Gelatin Market:
The Bovine Gelatin Market Size And Trends is facing several challenges currently which can hamper its future growth prospects. Stringent regulations regarding animal slaughter and use of by-products is one of the major challenges. Many countries have imposed restrictions and limitations on slaughtering cattle for commercial use due to animal welfare concerns. This creates supply chain issues for gelatin manufacturers. Secondly, the COVID-19 pandemic has disrupted operations across the globe. Lockdowns and movement restrictions impacted the procurement of raw materials as well as distribution of finished products. It will take some time for the supply chains to restore completely.
Rising consumer preference for vegetarian and vegan products is also a challenge. More people are avoiding animal products and gelatin being derived from cattle bones faces rejection. Manufacturers will have to invest in developing alternatives from non-animal sources to cater to this demographic. Environmental concerns regarding disposal of slaughterhouse waste is another obstacle.
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