Our comprehensive research on the Global Pharmaceutical Gelatin Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The pharmaceutical gelatin market size was US$ 0.59 billion in 2021. The global pharmaceutical gelatin market is expected to grow to US$ 1.56 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the study period from 2022 to 2030.
Pharmaceutical gelatin is a colorless, water-soluble, thermo-reversible, biocompatible, translucent, and sensitive element derived from animal skin. Hard capsules and soft gels are both produced using gelatin as an excipient. Additionally, it is employed as a blood plasma substitute, a tablet binder, and in other applications.
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Factors Influencing the Market
Pharmaceutical gelatin has proven to be adaptable in uses for both pharmaceutical and medicinal purposes. In the pharmaceutical and medical device sectors, pharmaceutical gelatin is used to make capsules, tablets, vaccinations, wound dressings, hemostatic sponges, and blood volume substitutes. The wide applications of pharmaceutical gelatin are expected to primarily drive the growth of the global market. Further, the growing pharmaceutical sector, combined with the increasing prevalence of diseases, is expected to present attractive growth prospects for the pharmaceutical gelatin market during the analysis period.
On the flip side, the presence of substitute components is expected to limit the demand for pharmaceutical gelatin during the study period.
Regional Analysis
The pharmaceutical industry in Asia-Pacific is growing at a fast pace which will present attractive prospects for the pharmaceutical gelatin market during the analysis period. The rising demand for pharmaceutical-grade gelatin in developing countries will primarily drive the growth of the pharmaceutical gelatin market during the analysis period. The large population of the region will prompt the demand for novel drugs. Further, governments are pouring funds into the pharmaceutical sector to boost R&D, which will benefit the pharmaceutical gelatin market during the analysis period.
Competitors in the Market
Darling Ingredients Inc. (US)
Nitta Gelatin Inc. (Japan)
Tessenderlo Group (Belgium)
Gelita AG (Germany)
Weishardt International (France)
Trobas Gelatine B.V. (Netherlands)
Lonza Group AG (Switzerland)
Lapi Gelatine S.p.A
Italgelatine S.p.A
Xiamen Gelken Gelatin Co. Ltd. (China)
Gelco International (Brazil)
Aspire Pharmaceuticals (US)
India Gelatine & Chemicals Ltd. (India)
Gelnex Industria E Comercio Ltda (Brazil)
Henan Boom Gelatin Co. Ltd (China)
Baotou Dongbao Bio-Tech Co. Ltd (China)
Norland Products Inc. (US)
Geltech Co. Ltd (South Korea)
Geliko LLC (US)
Kenney & Ross Limited (Canada)
Other Prominent Players
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The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Pharmaceutical Gelatin industry experienced notable growth in its workforce. Starting in January, employment within the Pharmaceutical Gelatin sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Pharmaceutical Gelatin output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Pharmaceutical Gelatin output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Pharmaceutical Gelatin market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Pharmaceutical Gelatin market.
Market Segmentation
The global pharmaceutical gelatin market segmentation focuses on Source, Function, Application, Type, and Region.
By Source
Porcine
Bovine Skin
Animal Bones
Others
By Function
Stabilizer
Thickener
Gelling Agent
Others
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By Application
Hard Capsules
Soft Capsules
Micro-encapsulation
Coating for Tablets
Absorbable Hemostat
Others
By Type
Type A
Type B
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Pharmaceutical Gelatin Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Pharmaceutical Gelatin Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Pharmaceutical Gelatin Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Pharmaceutical Gelatin Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Pharmaceutical Gelatin market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Pharmaceutical Gelatin market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Pharmaceutical Gelatin business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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