Market Highlights
According to MRFR analysis, the global pharmaceutical
gelatin market is expected to register a CAGR of 6.4%
from 2022 to 2030 and hold a value of USD 1,595.8 million by 2030.
The global pharmaceutical gelatin market is driven by several
factors, such as rising use of gelatin in medical & biomedical applications
and growing demand for regenerative medicine. In addition, the increasing
popularity of fortified gummies as an alternative delivery system for minerals
& vitamins is further boost the growth of the market. Moreover,
technological advancements to reduce the amount of cross-linking of gelatin in
the capsule and enhance its shelf life, is fueling the growth of the pharmaceutical
gelatin market during the forecast period.
The key players are involved in product launches, strategic agreements,
joint ventures, and acquisitions to augment their market positions. For
instance, in September 2018, Avet Pharmaceuticals Inc. (US)
launched Ethosuximide (250mg) Soft Gelatin Capsules. This new product
launch will strengthen its product portfolio and boost the demand of
pharmaceutical gelatin, ultimately fuels the growth of the pharmaceutical
gelatin market.
Regional Analysis
North America is expected to dominate the pharmaceutical gelatin market,
owing to rising prevalence of chronic diseases and growing application of
pharmaceutical gelatin such as stabilizer, absorbable hemostats, and others in
pharmaceutical industry. Furthermore, the presence of major industry players
across the region, such as Darling Ingredients Inc. (US), Aspire
Pharmaceuticals (US), Norland Products Inc. (US), and others are dominating the
global pharmaceutical gelatin market.
Europe is
expected to hold a significant share in the pharmaceutical gelatin
market due to wide availability of raw materials such as porcine & bovine
and growing demand for pharmaceutical gelatin in the pharmaceutical and
biotechnology industry across the region. Furthermore, rising pharmaceutical
R&D investments is also expected to boost market growth.
Asia-Pacific is anticipated to be the fastest-growing regional market
during the forecast period, due to rising investment in healthcare
infrastructure, increasing number of contract research & manufacturing
companies in the region. In addition, global key players’ initiatives to expand
operations in the Asia-Pacific, due to lower labor & capital costs for the
manufacturing of pharmaceutical gelatin are also boosts the market growth.
Furthermore, the growth of the pharmaceutical gelatin market in the rest
of the world is driven by rising government initiatives for improving the
healthcare sector and the growing number of pharmaceutical & biotechnology
industries. Moreover, rising applications of pharmaceutical gelatin for
anticancer drugs delivery, gene delivery, and other applications in
pharmaceutical companies is also boosting the growth of the market.
Segmentation
The global pharmaceutical gelatin market has been segmented into source,
function, application, and type.
Based on source, the market has been segmented into porcine, bovine
skin, animal bones, and others. The porcine segment held a larger market share
in 2021, due to the increasing applications in the pharmaceutical industry such
as absorbable hemostats, coating for tablets and other biomedical
applications. In addition, lower production costs and a shorter manufacturing
cycle, are also driving the expansion of this segment.
Based on
function, the market has been segmented into stabilizer, thickener,
gelling agent, and others. The thickener segment held the highest share in
2021, due to its rising application in medicinal syrups, elixirs, and other
liquid dosage forms
Based on application, the market has been segmented into hard capsules,
soft capsules, micro-encapsulation, coating for tablets, and absorbable
hemostat, and others.
Based on type, the market has been bifurcated into type A, and type B.
Key Players
The global pharmaceutical gelatin
market players are 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 (Italy), Italgelatine S.p.A
(Italy), 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), and Kenney & Ross Limited (Canada
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