The pharmaceutical grade gelatin market is anticipated to grow at a substantial CAGR during the forecast period 2024-2031. Various companies such as Darling Ingredients, Nitta Gelatin India Ltd, and many more companies are focusing on strategies such as product launches, product approvals, and others. For instance, vaccine, to ensure the safety and effectiveness of the vaccine during storage and transport, gelatin derived from pork is used as a stabilizer which is a driving factor for the high demand for pharmaceutical grade gelatin in the present market. Strides Pharma Science limited company gets USFDA notice of discharge (NOD) to market Amantadine Hydrochloride capsules in America as of Feb 2022. In October 2019, Gelita AG (Germany) opened a modern gelatin production facility in Pingyang, China.
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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. 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. In September 2019, Gelnex (Brazil) announced the planned construction o gelatin production facility in Paraguay and Indiana (US) to continue the expansion of its global presence.
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Market Coverage
- Segment Covered-
o By Application
o By Source
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Land- Darling Ingredients, Niita Gelatin India Ltd, Gelita, Tessenderlo Group, SAS Gelatines Weishardt, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impact the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Pharmaceutical Grade Gelatin Market
Pharmaceutical Grade Gelatin Market by Application
- Capsules
- Tablets
Pharmaceutical Grade Gelatin Market by Source
- Procine
- Bovine
- Bovine Bone
- Poultry
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