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Global Beef Gelatin Market by Type (Soft and Hard), Hard beef gelatin is expected to grow at a CAGR of 7.1% from 2023 to 2033.
Newly-released Beef Gelatin Market analysis report by Persistence Market Research reveals that global sales of the Beef Gelatin Market in 2022 were held at US$ 3.3 Billion. With 7.2% projected growth from 2023 to 2033, the market is expected to reach a US$ 7 Billion valuation by the end of the forecast period.
Hard beef gelatine is expected to be the significant revenue-generating segment and is projected to grow at a CAGR of 7.1% from 2023 to 2033. The industry is expected to gross significant revenue through pharmaceutical applications. Revenue through this application is projected to grow at a CAGR of over 7% from 2023 to 2033.
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Attributes |
Details |
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Global Beef Gelatin Market Size (2023) |
US$ 3.5 Billion |
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Global Beef Gelatin Market Size (2033) |
US$ 7 Billion |
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Global Beef Gelatin Market CAGR (2023-2033) |
7.2% |
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U.S. Beef Gelatin Market CAGR (2023- 2033) |
6.9% |
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Key Companies Covered |
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As per the Beef Gelatin Market research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of the Beef Gelatin Market increased by 8.1% CAGR. With an absolute dollar opportunity of US$ 3.5 Billion, the market is projected to reach a valuation of US$ 7 Billion by 2033.
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Get a Customized VersionThe key drivers influencing the growth of the Beef Gelatin Market are their use in cosmetic and personal healthcare products such as shampoos, face masks, and lotion for tans. Consumption of beef gelatin reduces joint pain. Also, collagen protein consumption in the form of beef gelatin is expected to be good for health.
To reduce inflammation, beef gelatin plays an important role as it consists of healthy fats, vitamins, amino acids, and protein. In 2019, around 41% of patients were experiencing symptoms related to inflammation such as high severity and tiredness globally. Its consumption in inflammation leads the market to grow at a rapid pace.
Gelatin is rich in amino acids. According to studies, it is found that amino acids help in improving the quality of sleep also it is beneficial for better brain functioning and memory. In 2017, sales for amino acids reached up to US$ 23 million in the United States.
Beef gelatin is a prominent source of protein, which is used as a thickening ingredient that can be used in baking or cooking. In 2016, the consumption of gelatin in the food and beverages segment stood at 28500 tons in the United States. With the use of beef gelatin in food and beverages, its sales are expected to grow in the market.
Intake of beef gelatin with amino acid helps in the strengthening of joints and ligament functions. There was one study conducted on individual participants with a disorder named Osteoarthritis in which the cartilage that cushions the joints wears down and causes pain and stiffness. Participants who consumed gelatin supplements reported considerable benefits such as relief of joint pain.
A similar kind of study was conducted on a group of athletes in which groups were divided in two, a placebo was given to one group and a gelatin supplement was given to another. Effective improvement was observed in the group who were provided with a gelatin supplement.
The market in Asia Pacific accounted for a market size of US$ 1.6 Billion in 2022 and is estimated to reach a valuation of US$ 1.8 Billion in 2023. The regional market is expected to be worth US$ 3.5 Billion by 2033.
India exports 113 shipments, making it the leading exporter of gelatin. India being the most prominent exporter of gelatin all over the world sends a significant proportion of its supplies to China. For instance, Sterling Biotech is a company that manufactures gelatin on a prominent scale in the pharmaceutical sector. The company produces gelatin on a massive scale and exports it to the rest of the globe. Thus, such prominent producers producing gelatin to meet growing demand stimulate the growth of the market.
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United States Beef Gelatin Market Analysis:
The market in the United States is expected to grow to be worth US$ 1.2 Billion by 2033, with an absolute dollar growth of US$ 581.8 Million from 2023 to 2033. The market in the country has grown at a CAGR of 5% from 2018 to 2022 and is expected to grow at a CAGR of 6.9% from 2023 to 2033.
With a valuation of US$ 18 billion in 2021, the United States was a prominent market for skincare products globally. Intake of gelatin makes the skin smooth and soft as well as helps to tighten the skin. The growing consumption of gelatin in the healthcare industry in the country is expected to boost the demand in the country.
United Kingdom Beef Gelatin Market Analysis:
In the United Kingdom, the market is expected to grow to be worth US$ 183.7 Million by 2033, with an absolute dollar growth of US$ 77.1 Million from 2023 to 2033. The market in the country has grown at a CAGR of 3.6% from 2018 to 2022 and is expected to grow at a CAGR of 5.6% from 2023 to 2033.
In 2020, the United Kingdom was the fourth largest importer of gelatin globally. The imports of gelatin in the United Kingdom significantly grew from 2019 to 2020 from countries such as France, Netherlands, and Sweden. The rate of consumption of beef in the UK is significant. Thus consumption and production of gelatine and beef in the UK enhances the growth of beef gelatin in the market.
Japan Beef Gelatin Market Analysis:
The Japanese market is expected to grow to be worth US$ 1.1 Billion by 2033, with an absolute dollar growth of US$ 580.3 Million from 2023 to 2033. The market in the country has grown at a CAGR of 8.3% from 2018 to 2022 and is expected to grow at a CAGR of 7.4% from 2023 to 2033.
With 569 thousand tons in 2021, the import quantity of beef in Japan was at its peak as compared to previous years. Japan is growing its gelatin consumption because the country has a significant proportion of older people which leads to the demand for pharmaceuticals containing gelatin that is helpful in curing joint pain of old age people in the country.
South Korea Beef Gelatin Market Analysis:
In South Korea, the market is expected to grow to be worth US$ 443.9 Million by 2033, with an absolute dollar growth of US$ 230.7 Million from 2023 to 2033. The market in the country has grown at a CAGR of 9.5% from 2018 to 2022 and is expected to grow at a CAGR of 7.6% from 2023 to 2033.
Due to its high standards for beauty, South Korea is one of the prominent countries producing skincare products. The well-known 10-step skin care regimen demonstrates South Korean consumers' willingness to spend money on skincare products. The surge in consumption of beef gelatin in South Korean cosmetics is expected to swell its market in the forthcoming years.
Which type of Beef Gelatin is projected to Witness Securely Growth?
Hard beef gelatin is projected to witness significant growth as it has grown at a CAGR of 7.9% from 2018 to 2022 and is expected to grow at a CAGR of 7.1% from 2023 to 2033.
Hard type of beef gelatin capsules is preferable in the pharmaceutical sector. For Clinical Trials and primary drug studies, hard gelatin capsules have growing applications. There is no necessity for the powders to be assembled into a cohesive compact form because that would withstand handling and hence hard gelatin are simpler to create.
Key players in the Beef Gelatin Market are Bernard Jensen, Darling Ingredients, Gelita, Gelnex, Great Lakes Wellness, Lapi Gelatin Spa, Nitta Gelatin Inc, Tessenderlo Group, Trobas Gelatine BV, and Weishardt
A few of the recent developments in the Beef Gelatin Market are:
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The market was reported at US$ 3.5 billion in 2022.
The market is estimated to be valued at US$ 3.5 billion in 2023.
The market is expected to reach a valuation of US$ 7 Billion by 2033.
The market registered a CAGR of 8.1% over the last 4 years.
The market is projected to witness a CAGR of 7.2% from 2023 to 2033.
Hard beef gelatin is expected to garner a significant value share by 2033 and they are expected to grow at a CAGR of 7.1% by 2033.
Beef gelatin application in the pharmaceutical sector is expected to garner a significant value share by 2033 and is expected to grow at a CAGR of 7% by 2033.
The United States is projected to witness a market size of US$ 1.2 Billion and is expected to grow at a 6.9% CAGR by 2033.
The key companies in the market include Bernard Jensen, Darling Ingredients, Gelita, Gelnex, Great Lakes Wellness, Lapi Gelatin Spa, Nitta Gelatin Inc, Tessenderlo Group, Trobas Gelatine BV, and Weishardt.
