Bovine Gelatin Global Market Report 2024

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 observed in the historical period can be attributed to several factors, including the increased demand within the food industry, expansion of the pharmaceutical sector, growing utilization in nutraceutical products, rising popularity in bakery goods, the functional properties enhancing dairy products, its efficiency as a gelling agent, and the expansion of the meat processing industry.

The bovine gelatin 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%. Anticipated growth in the upcoming period can be linked to several factors, notably the rising demand for gelatin in confectionery products, innovations in gelatin-based snack items, functional applications in the development of functional foods, the emergence of collagen supplements, the adoption of sustainable sourcing practices, and increased utilization within the pet food industry. Key trends expected in the forecast period encompass technological advancements in gelatin processing, innovations in gelatin extraction methods, customized gelatin solutions catering to specific needs, alignment with health and wellness trends, and ongoing research and development efforts focused on exploring novel applications for gelatin.

The bovine gelatin market is poised for growth due to a rising emphasis on wellness and health. The health and wellness trend, denoting the state of complete physical, mental, and social well-being, is prompting individuals to prioritize their health actively. In July 2022, the Food and Health Survey by US-based company Food Insight reported a notable increase, with 52% of participants adopting specific diets or eating patterns compared to 39% in 2021. This surge in health-conscious behavior is driving the demand for bovine gelatin, as people increasingly incorporate supplements sourced from it into their daily routines.

The anticipated expansion of the cosmetic and personal care industries is set to drive the bovine gelatin market's growth. These industries encompass the production of skincare, hair care, makeup, fragrances, toiletries, and personal hygiene products aimed at enhancing appearance and maintaining human health. Bovine gelatin, with its versatile applications, plays a crucial role in these industries, contributing to the formulation of moisturizers, lotions, and creams. In August 2023, Circana, Inc., a US media company, reported a 15% increase in sales of prestige beauty products in the US during the first half of 2023, reaching $14 billion, while the mass beauty market grew by 9%, generating $28 billion. This expansion of cosmetic and personal care industries is a key driver for the bovine gelatin market.

A noteworthy trend in the bovine gelatin market is the emphasis on product innovations by major industry players. Companies in the sector are strategically focusing on developing new products to gain a competitive edge. In October 2021, Rousselot Biomedical, a US-based collagen manufacturer and supplier, introduced Quali-Pure, a gelatin range. Distinguished by features such as biocompatibility, biodegradability, and batch-to-batch uniformity, the product finds applications in embolization, wound healing, drug delivery, vaccines, and hemostatics. This trend underscores the industry's commitment to continuous innovation and differentiation to meet evolving market demands.

Key players in the bovine gelatin market are strategically channeling investments to broaden their market presence and fortify their positions. These investments are directed towards fostering the growth of their respective enterprises with the anticipation of substantial financial returns. In August 2023, Jellatech, a US-based biotech company specializing in business-to-business (B2B) operations, successfully secured a $3.5 million investment in an oversubscribed seed round led by Founders, a Denmark-based venture capital firm. Jellatech focuses on producing high-quality, animal-free collagen and gelatin. The funds acquired will be allocated towards expanding its cellular agriculture processes, hiring additional staff, and facilitating the market launch of its collagen, gelatin, and protein products.

In March 2023, Darling Ingredients Inc., a prominent US-based bio-nutrients and animal food manufacturing company, completed the acquisition of Gelnex for approximately $1.2 billion. Gelnex, a Brazil-based company specializing in the production of gelatin and collagen peptides with a focus on natural and healthy ingredients, now operates under Darling Ingredients Inc. This strategic acquisition positions Darling to address the growing demands of its collagen clientele and tap into the expanding gelatin market in South America and the United States. The enhanced capacity resulting from this acquisition allows for the annual production of 46,000 metric tons of gelatin and collagen products.

Major companies operating in the bovine gelatin market report are Darling Ingredients Inc, Gelita AG, Nitta Gelatin Inc., Lapi Gelatine Spa, Bernard Jensen Products, Tessenderlo Group, Trobas Gelatine B.V., Weishardt Holding SA, Gelnex Industria E Comercio Ltda, Merck Group, Luoyang Leston Import And Export Trading Co. Ltd, Nutra Food Ingredients LLC, Jellice Pioneer Europe B.V., Juncà Gelatines SL, Sterling Biotech Limited, PB Leiner, Rousselot Inc., Great Lakes Wellness, Kubon Gelatin Pte. Ltd., India Gelatine & Chemicals, Zint LLC, Roxlor, Suheung, Ewald Gelatin GmbH, Geltech Co. Ltd., Biotechnology Co. Ltd., Italgelatine S.p.A., India Gelatine & Chemicals Ltd., Gelken Gelatin Co. Ltd., Narmada Gelatines Ltd.

Asia-Pacific was the largest region in the bovine gelatin market in 2023. The regions covered in the bovine gelatin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bovine gelatin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of bovine gelatin are categorized as type A and type B. Type A gelatin is derived from acid-cured tissue. It is available in various forms such as powder, capsules, tablets, and others, offered in both conventional and organic varieties. These products are distributed through diverse channels including business-to-business, business-to-consumer, supermarkets or hypermarkets, specialty supplement stores, drug stores, pharmacies, and online retail platforms. Bovine gelatin finds use in diverse industries such as protein bars and powders, personal care products, pharmaceuticals, nutraceuticals, and other related applications.

The bovine gelatin market research report is one of a series of new reports that provides bovine gelatin market statistics, including bovine gelatin industry global market size, regional shares, competitors with a bovine gelatin market share, detailed bovine gelatin market segments, market trends, and opportunities, and any further data you may need to thrive in the bovine gelatin industry. This bovine gelatin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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