Updated Dec 29, 2022 08:44

Market for Bone Glue and Gelatin in the United States

Market Overview
In , the U.S. bone glue and gelatin market increased by % to $, rising for the second consecutive year after four years of decline. In general, the total consumption indicated a strong expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the peak level in and is expected to retain growth in years to come.

In value terms, bone glue and gelatin production dropped slightly to $ in . Overall, the total production indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.


Consumption
In , consumption of bone glues and gelatin increased by % to tons, rising for the second year in a row after four years of decline. In general, the total consumption indicated a measured expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak volume of tons. From 2017 to , the growth of the consumption failed to regain momentum.

The value of the bone glue and gelatin market in the United States soared to $ in , with an increase of % 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). Over the period under review, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the peak level in and is likely to see gradual growth in years to come.


Market Forecast
Driven by increasing demand for bone glue and gelatin in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen-year period (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
The United States remains a net importer of bone glue and gelatin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.