The global pharmaceutical gelatin market is projected to reach USD 1.5 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 5.5% during the forecast period. Growth of the pharmaceutical gelatin market is majorly driven by various factors such as various advantages and properties of gelatin and increasing biomedical application of gelatin. However, factors such as the cultural restrictions in certain regions and the shift towards non-gelatin capsules are expected to restrain the growth of the market during the forecast period.
Pharmaceutical gelatin market is competitive in nature, and several market players are implementing strategies to sustain market competition and position. Prominent players operating in the global pharmaceutical gelatin market are Darling Ingredients, Inc. (US), Gelita AG (Germany), Tessenderlo Group (Belgium), Nitta Gelatin Inc. (Japan), among others.
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Darling Ingredients, Inc. (US)
Darling Ingredients is one of the leading players in the pharmaceutical gelatin market. The company operates in the pharmaceutical gelatin market through its brand, Rousselot, and has a wide customer base. The company offers a diversified product portfolio and has adopted organic strategies, such as product launches and expansions to retain its leading position in the market. Various other factors such as a focus on geographical expansion and a strong global presence are attributable to the dominance of Darling Ingredients in the pharmaceutical gelatin market.
Gelita AG (Germany)
Gelita AG accounted for second largest share of the pharmaceutical gelatin market in 2021. The companys top position in the market is due to its extensive geographic reach with multiple production facilities across the globe. This company primarily strategizes its growth through acquisitions, and expansions. The company also invests significantly in R&D to enable product innovations, strengthening its position in the pharmaceutical gelatin market.
Pharmaceutical Gelatin Market by Source (Porcine, Bovine Skin, Bovine Bone, Fish, Poultry), Application (Hard Capsule, Soft Capsule, Tablet, Absorbable Hemostat), Function (Stabilizing, Thickening, Gelling), Region - Global Forecast to 2027
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