Bone Glue and Gelatin Market

Driven by increasing demand for bone glues and gelatin worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030. In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $11.1B (in nominal prices) by the end of 2030. In 2022, global bone glue and gelatin consumption amounted to 1.3M tons, approximately mirroring the previous year. The total consumption volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. China remains the largest bone glue and gelatin consuming country worldwide, accounting for 21% of total volume. In value terms, the largest bone glue and gelatin markets worldwide were China, the United States, and India, together comprising 39% of the global market. Global production peaked at 1.3M tons in 2019; afterwards, it flattened through to 2022. The average bone glue and gelatin import price stood at $7,164 per ton in 2022, rising by 17% against the previous year. The shipments of the twelve major exporters of bone glues and gelatin represented more than two-thirds of total exports.

Market Forecast

Driven by increasing demand for bone glues and gelatin worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $11.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bone Glues and Gelatin

In 2022, global bone glue and gelatin consumption amounted to 1.3M tons, approximately mirroring the previous year. The total consumption volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 1.3M tons in 2019; afterwards, it flattened through to 2022.

The global bone glue and gelatin market revenue reached $7.6B in 2022, growing by 4.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

China (276K tons) remains the largest bone glue and gelatin consuming country worldwide, accounting for 21% of total volume. Moreover, bone glue and gelatin consumption in China exceeded the figures recorded by the second-largest consumer, the United States (128K tons), twofold. India (116K tons) ranked third in terms of total consumption with a 9% share.

In China, bone glue and gelatin consumption expanded at an average annual rate of +3.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+3.6% per year) and India (+3.3% per year).

In value terms, the largest bone glue and gelatin markets worldwide were China ($1.4B), the United States ($854M) and India ($752M), together comprising 39% of the global market. Japan, Germany, Brazil, Pakistan, Bangladesh, Canada, Spain, South Korea, Egypt and Turkey lagged somewhat behind, together comprising a further 32%.

In terms of the main consuming countries, Spain, with a CAGR of +11.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of bone glue and gelatin per capita consumption in 2022 were Canada (674 kg per 1000 persons), Spain (626 kg per 1000 persons) and Japan (589 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +10.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Bone Glues and Gelatin

In 2022, approx. 1.3M tons of bone glues and gelatin were produced worldwide; therefore, remained relatively stable against 2021 figures. The total output volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. Global production peaked at 1.3M tons in 2019; afterwards, it flattened through to 2022.

In value terms, bone glue and gelatin production rose markedly to $7.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 18%. Global production peaked in 2022 and is expected to retain growth in years to come.

Production By Country

The country with the largest volume of bone glue and gelatin production was China (317K tons), accounting for 25% of total volume. Moreover, bone glue and gelatin production in China exceeded the figures recorded by the second-largest producer, India (117K tons), threefold. The third position in this ranking was taken by Brazil (99K tons), with a 7.9% share.

In China, bone glue and gelatin production increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.8% per year) and Brazil (+2.4% per year).

Imports

World Imports of Bone Glues and Gelatin

In 2022, the amount of bone glues and gelatin imported worldwide stood at 368K tons, picking up by 10% on the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bone glue and gelatin imports skyrocketed to $2.6B in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (64K tons), followed by Germany (40K tons) were the largest importers of bone glues and gelatin, together committing 28% of total imports. Spain (15K tons), Belgium (14K tons), Canada (14K tons), Japan (13K tons), France (13K tons), the UK (12K tons), Russia (11K tons), the Netherlands (11K tons), Italy (9.2K tons), South Korea (9.2K tons) and Switzerland (8.9K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +7.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($465M), Germany ($292M) and France ($110M) were the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. Canada, Japan, Belgium, Spain, the UK, Russia, Switzerland, the Netherlands, Italy and South Korea lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, South Korea, with a CAGR of +11.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average bone glue and gelatin import price stood at $7,164 per ton in 2022, rising by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($8,538 per ton), while the Netherlands ($5,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Bone Glues and Gelatin

In 2022, approx. 339K tons of bone glues and gelatin were exported worldwide; growing by 7.6% on the previous year's figure. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.6%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, bone glue and gelatin exports skyrocketed to $2.5B in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

The shipments of the twelve major exporters of bone glues and gelatin, namely Brazil, China, Germany, Belgium, France, the Netherlands, the United States, Turkey, Italy, Spain, Canada and India, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +21.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest bone glue and gelatin supplying countries worldwide were Brazil ($385M), China ($329M) and Germany ($302M), with a combined 41% share of global exports. Belgium, France, the United States, the Netherlands, Turkey, Italy, Canada, Spain and India lagged somewhat behind, together accounting for a further 42%.

In terms of the main exporting countries, Turkey, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average bone glue and gelatin export price amounted to $7,266 per ton, with an increase of 19% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($9,443 per ton), while Spain ($5,424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform