Global Pharmaceutical Gelatine Market to reach USD 1.5 Billion by 2027 | Key Players Analysis, Application

Market growth can be attributed to gelatin's functional abilities, which has economic and environmental benefits. However, factors such as increased veganism have driven the demand for vegetarian capsules and are anticipated to restrain the growth of this market during the forecast period. Therefore, The global Pharmaceutical Gelatin Market is projected to reach USD 1.5 Billion by 2027 from USD 1.1 Billion in 2022, at a CAGR of 5.5% during the forecast period of 2022-2027.

The Pharmaceutical Gelatin market is segmented by application, source, function and type. Depending on the application, the pharmaceutical gelatin market is segmented into hard capsules, tablets, absorbable hemostats & other applications. The soft gel capsules segment is anticipated to grow faster in the pharmaceutical gelatin market during the forecast period. The growth is majorly attributable to the patient-friendly dosage form. Based on the source, the pharmaceutical gelatin market is further segmented into porcine, bovine skin, bovine bone, marine & poultry. The porcine segment held dominant share in the pharmaceutical gelatin market in 2021. The segment's dominance is due to various factors, such as the short manufacturing cycle and minimal production cost of gelatin from source. The marine segment is also expected to gain a significant share in coming years, owing to various factors such as the launch of novel fish-based gelatin in the market by key market players. Based on function, the pharmaceutical gelatin market is further segmented into stabilizing agent, thickening agent, gelling agent & other functions. The thickening agent segment is anticipated to grow at a faster pace owing to its increased use in syrups, elixirs, and other liquid dosages.

“The pharmaceutical gelatin market is further segmented based on type A and type B. The type B segment held the largest share of the pharmaceutical gelatin market in 2021. The easier availability of bovine raw material in most regions and less expensive manufacturing processes are some of the factors likely to project the segment growth during the forecast period. Geographically, the pharmaceutical gelatin market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2021, North America accounted for the major share in the pharmaceutical gelatin market. The large share of the North American region is due to increased demand for gelatin in the pharmaceutical industry and the presence of a large number of market players in the region. These factors can be attributed to the market growth of the North American region during the forecast period.

The pharmaceutical gelatin maket also highlights the key competitors driving in the industry.  The key competitors thriving in the pharmaceutical gelatin market are Darling Ingredients Inc. (US), Gelita AG (Germany), Tessenderlo Group (Belgium),Nitta Gelatin (Japan), Weishardt (France), Italgel S.p.A (Italy), Lapi Gelatine S.p.A (Italy), India Gelatine & Chemicals Ltd. (India), Gelnex (Brazil), Baotou Dongbao Bio-Tech (China), Henan Boom Gelatin (China),Heibei Chengda Mingjiao (China), Kenney & Ross Limited (Canada), Narmada Gelatin Limited (India),Junca Gelatines (Spain), Trobas Gelatine B.V. (Netherlands), Jellice Gelatin (Japan), Norland Products Inc. (US), Xiamen Gelken Gelatin Co. Ltd. (China), Athos Collagen (India), Geliko LLC (US),Reinert Gruppe Ingredients (Germany), Gelco International (Brazil), Sterling Gelatin (India), Geltec (South Korea).

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