In July 2022, Gelita opened a biotech hub for developing proteins from biotechnological processes for applications in nutrition, cosmetics, and pharmaceutical and medical products.
Northbrook, IL 60062 -- (SBWIRE) -- 12/21/2022 -- Pharmaceutical Gelatin Market by Technology (GC, LC, SFC, TLC, and Paper Chromatography), Type (Solvents, Buffers, Derivatization Reagents, Ion-Pair Reagents, and Others), Separation Mechanism, Application - Global Forecast to 2025" The Pharmaceutical Gelatin Market size is projected to reach USD 7.8 billion by 2025 from an estimated USD 5.5 billion in 2020, at a CAGR of 7.1% during the forecast period. Increasing R&D investments in the pharmaceutical and biotechnology industry is driving the growth of the market. Moreover, growing use of chromatography in proteomics is likely to provide opportunities for Pharmaceutical Gelatin industry.
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Key Player
The leading players in the pharmaceutical gelatin market are Darling Ingredients, Inc. (US), Gelita AG (Germany), Tessenderlo Group (Belgium), Nitta Gelatin Inc. (Japan), and others. These companies have adopted organic and inorganic growth strategies, such as product launches and acquisitions, to maintain their leading positions in the pharmaceutical gelatin market
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.
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Asia Pacific region is likely to grow at a faster pace during the forecast period of 2022-2027
Geographically, the pharmaceutical gelatin market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share in the global pharmaceutical gelatin market in 2021. The presence of key market players coupled with increasing demand for pharma gelatin in biomedical and biotechnology applications is upsurging the demand for gelatin in the region.
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