According to the recent study the pharmaceutical gelatin market is projected to reach an estimated $11.6 billion by 2028 from $1.2 billion in 2023, at a CAGR of 5.7% from 2023 to 2028. Growth in this market is primarily driven by increasing geriatric population, growing awareness towards consumption of nutrition rich food, and surging demand for pharma gelatin in vaccines, tablets, and other applications.
A more than 150 – page report is developed to understand trends, opportunities and forecast in pharmaceutical gelatin market by type (type A and type B), function (stabilizing agent, thickening agent, and gelling agent & other function), source (porcine, bovine skin, bovine bones, marine, and poultry), application (hard capsules, softgel capsules, tablets, absorbable hemostats, and other applications), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Type B market is expected to remain the largest segment during the forecast period.”
Based on type, the pharmaceutical gelatin market is segmented into type A and type B. Lucintel forecasts that the type B market is expected to remain the largest segment as it is use in various applications across the pharmaceutical industry owing to its low production cost and easy availability of raw materials.
“Within the pharmaceutical gelatin market, the softgel capsules segment is expected to remain the largest application”
Based on application the softgel capsules segment is expected to witness the highest growth over the forecast period as they are highly beneficial for low-dose lipid-soluble drugs owing to their capability of being formulated for rapid or slow release.
“North America will dominate the pharmaceutical gelatin market in near future”
North America is expected to remain the largest region over the forecast period due to growing demand for prescription and over counter drugs, increasing investment in R&D activities, and presence of highly developed pharmaceutical companies with advanced manufacturing technologies.
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Major players of pharmaceutical gelatin market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Darling Ingredients, Nitta Gelatin, Tessenderlo Group, Gelita AG, and Weishardt are among the major pharmaceutical gelatin providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmaceutical-gelatin-market.aspx or [email protected]