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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Bovine Gelatin Market Growth
Bovine gelatin, a protein-based substance, is a clear, see-through, and tasteless additive sourced from collagen, a protein extracted from bovine animal tissue like skin and bone. Widely utilised in pharmaceuticals, food, photography, cosmetics, and vitamin capsules as a gelling agent, it aids in alleviating joint and bone discomfort, enhancing cognitive abilities, and diminishing skin ageing indicators.
The rising demand for functional ingredients from the food and beverage sector is a major driver for bovine gelatin market expansion as it is widely used as a gelling agent, stabiliser, and thickener in various food products. Additionally, the increasing adoption of bovine gelatin in the healthcare and pharmaceutical industries for applications such as drug encapsulation and as a reliable and safe ingredient is fueling market growth.
Bovine Gelatin Market Report Snapshots
Bovine Gelatin Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.33 billion.
The bovine gelatin market is expected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 and reach a value of USD 5.88 billion by 2032.
Key drivers of the market are technological advancements, rise in population, increase in health consciousness amongst individuals, and rising bone health issues.
Key trends aiding market expansion include the rising demand for bovine gelatin among athletes, product diversification, and expanding use of the product in pharmaceutical and personal care industries.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
It is used in pharmaceutical drugs, food, photography, and production of cosmetics and vitamin capsules.
Bovine gelatin helps in easy digestion, strengthening of joints and bones, and improves health of hair, skin, and nails.
Key players in the market are Nitta Gelatin Inc., Gelita AG, PB Leiner, Lapi Gelatine SpA, Rousselot Inc., Bernard Jansen Products Inc., Trobas Gelatine BV, Nutra Food Ingredients, Gelnex, Kubon Gelatin Pte. Ltd., Zint LLC, and Jiangxi Formate Biotechnology Co., Ltd., among others.
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