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Bovine Gelatin Market Overview
In 2022, the bovine gelatin market was estimated to be worth USD 3.1 billion. The industry for bovine gelatin is expected to expand at a compound annual growth rate (CAGR) of 8.50% from USD 3.36 billion in 2023 to USD 6.65 billion by 2032. The main factors driving the market growth are the growing need for bovine collagen as a functional component in the food processing industry, the growing demand for bovine gelatin from a variety of businesses, and the increasing commercialization of bovine gelatin-based medicine delivery systems.
The market is evolving quickly as a result of the product’s growing use in both the food and non-food industries. The growing awareness of personal care in recent years has led to a significant increase in the importance of the skincare routine. Gelatin is widely used as an essential ingredient in cosmetic products, which helps to expand the market. Examples of these items include hair sprays, body lotions, anti-aging face creams, and sunscreens. Furthermore, skin cleansing is now much more mild and effective due to customer demand for high-quality active ingredients in modern cosmetic products, which promotes market expansion.
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On the other hand, glossy, durable photographic prints are produced via gelatin silver print photography, which has been used extensively since the 19th century. The increased demand from consumers for a variety of functional foods and beverages is driving the sector’s growth. Because gelatin-based products may be customised to suit individual tastes and preferences, consumers increasingly find them more alluring.
As the number of individuals selecting gelatin-fortified goods to establish and maintain a healthy lifestyle grows, consumers look for products and brands that meet their everyday demands. The big companies are also making investments in creating new products or packaging films, as well as improving the components in their existing items.
Key Companies in the Bovine Gelatin market include
Darling Ingredients
Gelnex
Weishardt
Gelita
Tessenderlo Group
Bernard Jensen
Great Lakes Wellness
Trobas Gelatine BV
Nitta Gelatin Inc
Lapi Gelatine Spa.
Segmentation
The Bovine Gelatin market is divided into three segments based on form: powder, capsule & tablets, and liquid. With 35% of market sales, the capsule and tablet category led the market.
Organic and conventional are included in the market segmentation of cow gelatin based on nature. The market was dominated by the traditional category.
The Bovine Gelatin market is segmented based on application, with food and drink, personal care & cosmetics, and pharmaceuticals being included among others. The market was dominated by the food and beverage category.
The Bovine Gelatin market is segmented according to the distribution channel, which comprises B2B, B2C, supermarkets/hypermarkets, specialised supplement shops, drugstores & pharmacies, and others. The B2C segment brought in the most money.
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Regional Analysis
The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. The lucrative “nutritional supplements” made from gelatin derived from pigs, fish, and cows will eventually overtake the North American bovine gelatin business. Moreover, gelatin derived from animals is believed to contain a lot of protein. The Asia-Pacific Bovine Gelatin Market is expected to grow at the fastest CAGR between 2023 and 2032. What fundamentally drives the market are applications of bovine gelatin products in food and drinks, personal care, cosmetics, and other nutrient-dense products.
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