Nitta Gelatin Inc.

Nitta Gelatin Inc. Overview

Company Headquarters: Osaka, Japan

Founded: 1918

Workforce: ~1,009

Company Working: Nitta Gelatin Inc. (Nitta Gelatin) is a leading gelatin and collagen peptide manufacturer and distributor with manufacturing facilities located in Japan, India, North America, Vietnam, and others. The company also manufactures stabilizers, edible gelling agents, and other food materials. Though the company has consolidated all its business segments into a single collagen business entity for financial reporting purposes, the four broad market segments the company is currently operating comprise of gelatin, peptide, biomedical and food material business.

The consolidated group includes Nitta Gelatin NA Inc. (USA), Nitta Gelatin Canada, Inc., Nitta Gelatin USA, Inc., Vyse Gelatin, LLC, Nitta Gelatin Holding, Inc., Nitta Gelatin India Ltd., Bamni Proteins Ltd., Shanghai Nitta Gelatin Co., Ltd., Nitta Gelatin Vietnam Co., Ltd., and Hikone Gelatin Inc. The key raw materials used in the production of gelatin are porcine, fish, and bovine.

Strategy

Nitta Gelatin, unlike other players, is involved in the B2C sales and marketing of gelatin products used in home preparations of confectionery. Though this segment did not perform well in the fiscal year 2022 compared to the previous year, this additional business segment will play a key role in the upcoming years. Also, the company provides customized gelatin services through its manufacturing and research capabilities which positions Nitta Gelatin uniquely among its peers.

Company Snapshot

$323.66M

Revenue

1,009

Employees

1918

Founded

Osaka, Japan

Headquarters

SWOT Analysis

Strengths

Strong presence in Asia-Pacific and North America
Increasing investment in long-term assets over the past three years indicated by increasing negative cashflows from investing activities

Weaknesses

Allegations regarding polluting water bodies in Kerala, India might affect its sustainable image among investors
Divesture of adhesive business

Opportunities

Increase investment in marketing activities to boost B2C gelatin sales
Product launches like bio-adhesives and gelatin for bio-packaging

Threats

Growing disruptions in maritime shipment and containers

Key Developments

Date	Approach	Development
July 2021	Investment	The company has planned to invest an amount of INR 200 crores in its Indian affiliate situated in the state of Kerala for boosting its gelatin business. Director of the company reported that the investment was made owing to the conducive business environment and the quality of human resources available.
January 2021	Product Launch	Nitta launched international standard gelatin for retail consumers in India. The product is designed in such a way that it meets the organoleptic requirements of hotel, café, and restaurant consumers.
March 2018	Product Launch	Nitta Gelatin launched pharmaceutical grade gelatin, DRG gelatin that is specifically designed to inhibit the crosslinking reactions and boost the dissolution ability. The launch includes porcine and bovine based gelatin

Product Offering

Nitta Gelatin Inc.
- Global Gelatin Market

Financial Performance

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