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Pharmaceutical Gelatin Market by Function (stabilizers, Thickeners, Gelling Agents and Others), By Source (Pig Skin, Bovine Hides, Bones and Others), By Application (Hard Capsules, Soft Capsules, Microencapsulation, Coating And Absorbable Haemostat) And B
Pharmaceutical gelatin is colorless and a delicate substance with a high molecular weight. It is used in pharmaceutical industries owing to its absorbable nature. It is used to maintain the stability of pharmaceutical suspensions and serves as a substitute for plasma.
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Growing nutraceutical and pharmaceutical industries are driving the market growth. Rising aging population coupled with increased awareness about nutritional food is further propelling the Pharmaceutical gelatin market growth. However, presence of alternatives and the high cost of gelatin are the major market restraints.
Pharmaceutical Gelatin Market Forecast Report (2018-2023)
Pharmaceutical Gelatin Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2023.
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Pharmaceutical Gelatin Market Segmentation
The market for Pharmaceutical Gelatin is broadly categorized into function, source and application. By function the market is segmented into stabilizers, thickeners, gelling agents and others. By source the market is classified into pig skin, bovine hides, bones and others. By application the market is divided into hard capsules, soft capsules, microencapsulation, coating and absorbable haemostatic.
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Pharmaceutical Gelatin market was dominated by Europe closely followed by North America. Asia Pacific is expected to grow at a high CAGR.
Key Developments in the Market
Latest gelatin innovations can provide an endless range of textures – playing with characteristics, such as gel strength and viscosity, gelatin types, concentration and recipes – for novel product designs and fortified gummy options.
Major Players:
The major companies dominating this market for its products and services are
Rousselot,
Nitta Gelatin Inc.,
Capsugel,
Catelent Inc.,
Norland Products Inc,
Tessenderlo Group,
Sterling Gelatin,
Roxlor llc,
Weishardt,
Gelita AG.
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