Pharmaceutical Gelatin Market is estimated to be 1.6 billion by 2029 with a CAGR of 5.3% during the forecasted period.

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Published Date: June 2023

The Pharmaceutical Gelatin Market accounted for 1.01 billion in 2020 and is estimated to be US$ 1.6 billion by 2029 and is anticipated to register a CAGR of 5.3%.

The report " Global Pharmaceutical Gelatin Market, By Source (Porcine, Bovine Skin, Bovine Bone, and Fish and Poultry), By Type (Type A and Type B), By Function (Stabilizing, Thickening, and Gelling), By Application (Food, Pharmaceuticals, and Healthcare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In July 2019, Drug major Glenmark Pharmaceuticals entered into an agreement with Cyndea Pharma for developing generic soft-gelatin capsule formulations of certain pharmaceutical products.
India's drug controller has said that it has received a proposal to bring in vegetarian capsules in place of gelatine-based capsules, a move that has surprised the nearly $1-billion capsule industry in 2020.

Analyst View:

The major factor that drive the growth are increase in nutraceuticals and pharmaceuticals industries, increasing awareness about the consumption of nutrition rich, and growing geriatric population that aims to manufacture drugs utilizing gelatin. Powdered and sugar form of gelatin is used in the preparation of artisanal pastry, desserts, and various other specialty food products. Gelatin in hydrolyzed form is used to protein fortify dietary foods. The unique functional capabilities of gelatin such as gelling, adhesion, coating, binding, and film-building makes it highly advantageous for use in the pharmaceutical industry. Gelatin coating on hard capsules, softgel capsules, and tablets not only masks the odor of medicines but also facilitates ease in swallowing. Moreover, the properties of gelatin provide protection against environmental changes associated with oxygen or moisture, thereby increasing the shelf-life of these products. These superior functional properties of gelatin are a driver for the pharmaceutical gelatin market.

These medicines have recently been gaining more traction in the market, owing to their suitability in patients across all stages of care, diagnosis, treatment, and prevention. This is expected to create fertile ground for companies, thus leading to expansion in the production capacities of players in the empty capsules market over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Pharmaceutical Membrane Filtration Technologies Market”, By Source (Porcine, Bovine Skin, Bovine Bone, and Fish and Poultry), By Type (Type A and Type B), By Function (Stabilizing, Thickening, and Gelling), By Application (Food, Pharmaceuticals, and Healthcare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global pharmaceutical gelatin market accounted for Global Pharmaceutical Gelatin Market is estimated to be 1.6 billion by 2029 with a CAGR of 5.3% during the forecasted period. The market report has been segmented on the basis of source, type, function, application, and region.

Depending upon source, the porcine segment is projected to grow at highest CAGR over the forecast period. Mostly total world’s gelatin is sourced from porcine. Pigskin is rich in collagen proteins, which are considered to be more stable in comparison with gelatin from other sources.
Depending upon the type, the type B segment is projected to register highest share of the market in 2019. The increasing preference for bovine bone for the manufacture of pharmaceutical gelatin and cultural acceptability of bovine source is driving the growth of the Type B segment.
In terms of function, thickening segment is estimated to grow at the highest growth due to its increasing scope of application in medicinal syrups, elixirs, and other liquid dosage forms.
The pharmaceutical gelatin application is categorized into food, pharmaceuticals and health care. Gelatin is a highly rich protein source to be incorporated into functional & nutritional food & beverage products. The rising demand for nutritional food & beverages has been stimulating the demand for gelatin.
By region, Asia pacific region is expected to grow at the highest rate during 2019-2029. In this region, there is vast availability of porcine and bovine source of raw material, low cost of labor and capital investment, due to which major market players are investing in this region. These factors are driving the growth of the global pharmaceutical gelatin market in Asia Pacific region.

Competitive Landscape:

The prominent player operating in the global pharmaceutical gelatin technologies market includes Darling Ingredients Inc., Nitta Gelatin Inc, Tessenderlo Group, Gelita AG, Weishardt, Trobas Gelatine B.V., Lapi Gelatine S.p.A, Italgelatine S.p.A, Xiamen Gelken Gelatin Co. Ltd., and Gelco International.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period