What is Bovine Gelatin Market?
Bovine Gelatine is a protein product produced by partial hydrolysis. Partial hydrolysis of collagen which is extracted from animal tissue such as skin and bone is conducted for bovine gelatine production. It is rich source of amino acids which perform an imperative function in the building of connective tissue in humans. Thus, it is widely used in many food and meat based products processing’s. In addition, owing to its good elasticity, bovine gelatine widely used in pharmaceutical and cosmetics products. It is majorly used in production of gelatine capsules. Increasing pharmaceutical industrial infrastructure particularly in Asia pacific region and increasing demand for cosmetics and personal care products has created growth opportunities for the bovine gelatine market.
The market study is being classified by Type (Type A and Type B), by Application (Food & Beverage {Bakery & Confectionary, Meat Products, Drinks & Juice, Others}, Healthcare, Pharmaceutical, Personal Care & Cosmetics and Others) and major geographies with country level break-up.
Rousselot (Netherlands), GELITA AG (Germany), Weishardt (Italy), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), LAPI GELATINE S.p.a. (France), ITALGELATINE S.p.A. (Italy), Reinert Group Ingredients GmbH (Germany), Jellice Gelatin & Collagen (Netherlands), Merck KGaA (Germany) and Foodchem International Corporation (China) are some of the key players profiled in the study.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bovine Gelatin market by Type, Application and Region.
On the basis of geography, the market of Bovine Gelatin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Industrial Expenditure of Food, Meat Processing’s, Pharmaceuticals, Cosmetics and Others
- Growing Demand for Food Additives in Animal Based Food Processing’s
Market Trend
- Huge Demand for Bovine Gelatine in Meat and Sea Food Processing’s
Restraints
- Rising Popularity of Vegan Culture
Opportunities
- Increasing Demand for Bovine Gelatine in Pharmaceutical Industry for Gelatine Capsule Production has created Growth Opportunities
- Rising Popularity of Cosmetics and Personal Care Products
Challenges
- Presence of Alternatives
- Risk of Contamination caused by Animal with Certain Animal Disease
Market Leaders and some development strategies
In December 2020, Gelita has acquired the majority stake in SelJel. SelJel is a Turkish gelatin producer. Company has owned 65% of shares in SelJel. This joint venture will strengthen Gelita’s global reach and expand its halal gelatin offerings despite COVID-19 headwinds. This further strengthen and improves Gelita’s ability to participate in the rising demand for halal gelatine in the Islamic and Asian countries.
In October 2019, Gelnex Constructs Two New Facilities to Process Gelatin and Hydrolyzed Collagen in Paraguay. It is mainly positioned near raw material sources. Gelenex is first U.S. facility to hydrolyse gelatine into collagen. In this facility, company is hydrolysing South American material into collagen. With this strategic expansion, company is able to serve in North and South America with its wide portfolio.
Key Target Audience
Bovine Gelatine Manufacturers, Bovine Gelatine Supplier/Distributors, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry