Market growth can be attributed to the functionality of gelatin with economic and environmental benefits. However, factors such as the growth of veganism driving demand for vegetarian capsules are expected to dampen the growth of this market over the forecast period.
According to the application, the pharmaceutical gelatin market is divided into hard capsules, soft capsules, tablets, absorbable hemostatic agents and other applications. The softgel segment of the pharmaceutical gelatin market is expected to grow faster during the forecast period. Growth is primarily associated with patient-friendly dosage forms. Fish gelatin is attracting a lot of attention from end users, which may have a greater impact on market growth. Based on the source, the pharmaceutical gelatin market is categorized into pork, oxhide, oxbone, sea and poultry. The pork segment dominates and will return to the pharmaceutical gelatin market in 2021. The dominance of this segment is due to various factors, such as the short lead time and the lowest production cost of the original gelatin. The share of the marine segment is also expected to increase in the coming years due to various factors such as the introduction of new fish gelatins by major market players. The stabilizer function segment will dominate the market in 2021. Based on the function, the pharmaceutical gelatin market is categorized into functions such as stabilizer, thickener and gelling agent. The thickeners segment is expected to grow at a faster pace due to increased use of thickeners in syrups, elixirs and other liquid preparations. The Type B segment will dominate in 2021. Based on the type, the pharmaceutical gelatin market is classified into type A and type B. The type B segment accounted for the largest share of the pharmaceutical gelatin market in 2021. Easier availability of raw materials for cattle and cheaper production processes in most regions are among the factors predicting the growth of this segment during the forecast period. North America will dominate in 2021.
Geographically, the pharmaceutical gelatin market is divided into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. In 2021, North America will hold the bulk of the pharmaceutical gelatin market. The large share of the North America region is due to the growing demand for gelatin in the pharmaceutical industry and the presence of a large number of markets for players in the region. These factors can be attributed to market growth in the North America region during the forecast period.
Post time: Jan-04-2023
