New Uses of Gelatin Driving the Growth in the Global Pharmaceutical Gelatin Market
London, Apr 09, 2018: There has been an increase in demand recently for marine gelatins such as fish gelatin, especially in regions where buyers demand non-bovine sourced gelatins, and in the countries where halal and kosher certifications must be followed. In addition to that, governmental support worldwide in the form of investment and regulatory approval for suppliers in emerging markets such as India has led to the growth of this category.
SpendEdge’s latest procurement research report on the global pharmaceutical gelatin market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the pharma and healthcare, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“In the next two years, the overall consumption of pharmaceutical grade gelatin is expected to grow by 4%-5%. Increase in use of gelatin for pharmaceutical applications can be seen globally due to the discovery of unrealized uses of gelatin including its use in treatment of wounds, therapeutics, and surgical products.” – Bhuvaneshwari Udayakumar, pharma and healthcare expert at SpendEdge.
Most players in the industry procure cattle bones as a primary raw material for gelatin, ban on cattle slaughter in certain regions may affect the entire supply chain. This hampers the supply of bones to major suppliers, which in turn results in price fluctuations of the raw material. As a result, ban on certain raw material sources resulting in price fluctuations is causing procurement challenge in the pharmaceutical gelatin market.
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- Supply markets, growth drivers, trends, and imminent restraints
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