What is Global Pharmaceutical Gelatin Market?
The Global Pharmaceutical Gelatin Market is a vast and dynamic sector that plays a crucial role in the healthcare industry. Pharmaceutical gelatin is a substance derived from collagen, a natural protein that is used in a variety of medical applications. This market encompasses the production, distribution, and sale of gelatin that is specifically designed for use in pharmaceutical products. The market was valued at US$ 811.6 million in 2023 and is projected to reach a value of US$ 1166.8 million by 2030. This growth is driven by the increasing demand for pharmaceutical gelatin in the production of drugs and other medical products. The market is also influenced by factors such as technological advancements, regulatory policies, and the global health landscape.
Pig Skin, Bovine Hides, Bones, Others in the Global Pharmaceutical Gelatin Market:
The Global Pharmaceutical Gelatin Market is segmented based on the source of the gelatin. These sources include pig skin, bovine hides, bones, and others. Pig skin is a major source of gelatin due to its high collagen content and wide availability. Bovine hides are also a significant source, especially in regions where pork consumption is low or prohibited. Bones, particularly bovine bones, are another source of gelatin. The choice of source depends on various factors such as cost, availability, and the specific requirements of the pharmaceutical product. Each source has its own advantages and challenges, and the market dynamics reflect these complexities.
Hard Capsules, Soft Capsules, Micro-encapsulation, Coating for Tablets, Absorbable Hemostat in the Global Pharmaceutical Gelatin Market:
Pharmaceutical gelatin is used in various applications in the healthcare industry. These include hard capsules, soft capsules, micro-encapsulation, coating for tablets, and absorbable hemostat. Hard and soft capsules are the most common uses of gelatin in pharmaceuticals. Gelatin provides the necessary strength and flexibility for these capsules, making it an essential component. Micro-encapsulation is a technique where tiny particles or droplets are surrounded by a coating, often made of gelatin, to give them certain properties. Coating for tablets is another application where gelatin is used to improve the appearance, stability, and ease of swallowing of the tablets. Absorbable hemostat is a medical product used to control bleeding, and gelatin is used in its production due to its excellent water-absorbing properties.
Global Pharmaceutical Gelatin Market Outlook:
Looking at the market outlook, the Global Pharmaceutical Gelatin Market is set for significant growth in the coming years. In 2023, the market was valued at US$ 811.6 million. By 2030, it is expected to reach US$ 1166.8 million, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2024 to 2030. This growth is in line with the overall growth of the global market for medical devices, which is estimated at US$ 603 billion in 2023 and is expected to grow at a CAGR of 5% over the next six years. This growth is driven by the increasing demand for pharmaceutical products, advancements in technology, and the evolving needs of the healthcare industry.
| Report Metric | Details |
| Report Name | Pharmaceutical Gelatin Market |
| Accounted market size in 2023 | US$ 811.6 million |
| Forecasted market size in 2030 | US$ 1166.8 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Rousselot, Gelita, PB Gelatins, Nitta Gelatin, Gelatines Weishardt, Sterling Gelatin, Jellice, Baotou Dongbao Bio-tech, Qinghai Gelatin, Trobas Gelatine, BBCA Gelatin, Qunli Gelatin Chemical, Lapi Gelatine, Ewald-Gelatine GmbH, Yasin Gelatin, Italgelatine, Junca Gelatines, Narmada Gelatines, India Gelatine & Chemicals, Sam Mi Industrial |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
