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Bovine Gelatin Market Size

Report ID: GMI9863
Published Date: Jun 2024
Report Format: PDF

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Bovine Gelatin Market Size

Bovine Gelatin Market size was valued at USD 1.46 billion in 2023 and is anticipated to register a CAGR of over 3.8% between 2024 and 2032. Cow bones, skin, and other tissues contain collagen, which is used to produce bovine gelatin. This gelatin is widely used in medicine, cosmetics, photography, and the food and beverage industry as a stabilizer, thickener, and gelling agent.

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The increasing demand for nutraceuticals, halal-certified products, and convenience foods is driving the market. However, challenges such as concerns over bovine spongiform encephalopathy (BSE) and the availability of alternatives like fish and plant-based gelatin exist. Despite these issues, the market is expected to grow steadily due to expanding applications across various industries and regions.

Bovine Gelatin Market Report Attributes
Report Attribute	Details
Base Year:	2023
Bovine Gelatin Market Size in 2023:	USD 1.46 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	3.8%
2032 Value Projection:	USD 2.05 Billion
Historical Data for:	2021 – 2023
No. of Pages:	350
Tables, Charts & Figures:	530
Segments covered:	Type, Form, Application
Growth Drivers:	Rising demand for bio-based products Effectiveness in weed control Growing demand for sustainable practices Growing cosmetics and personal care market
Pitfalls & Challenges:	Competition from established alternatives Limited production capacity and price fluctuations

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The bovine gelatin market is driven by two key factors such as the growing demand for nutraceuticals and the rising acceptance of clean-label and halal-certified products. Bovine gelatin’s stabilizing and gelling properties make it attractive for nutraceuticals, including dietary supplements and functional foods, appealing to health-conscious consumers. Additionally, the preference for natural ingredients and adherence to dietary restrictions boost the demand for halal-certified products. This market segment values bovine gelatin sourced from cattle processed according to Islamic dietary laws, emphasizing ethical and transparent sourcing in their food and pharmaceutical choices.

Concerns about bovine spongiform encephalopathy (BSE) and the increasing availability of substitutes like fish and plant-based gelatin are two major obstacles for the bovine gelatin business. Mad cow disease, or BSE, creates safety issues that could hinder market expansion by affecting consumer confidence and regulatory environments. In addition, plant-based and fish-derived gelatin substitutes are becoming more and more popular as dietary preferences move toward vegan and vegetarian options. These alternatives represent a threat to the established bovine gelatin business since they satisfy dietary limitations as well as ethical and environmental concerns.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of bovine gelatin reached USD 1.46 billion in 2023 and is set to witness over 3.8% CAGR between 2024 and 2032, led by rising need for bio-based products and growing demand for sustainable practices.

The powder segment in the bovine gelatin industry is expected to hold 62% revenue share by 2032, due to its adaptability, ease of handling, and longer shelf life than other forms.

Europe market is poised to reach USD 780.8 million by 2032, owing to the growing demand in food, pharmaceutical industries, and preference for clean-label, halal, and kosher products.

Bernard Jense, Darling Ingredients, Gelita, Jellice, Lapi Gelatine Spa, Lonza Group, Merck KGaA, Nitta Gelatin, Inc., Nutra Food Ingredients LLC, Pioneer Europe B.V., PV, and Trobas Gelatin.