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Growing Use of Collagen in Food Industries to Boost the Growth of the South East Asia Collagen Market
The South East Asia collagen market will grow at a CAGR of 7.2% from 2018 to 2023 to reach USD 142.84 million by 2023, mainly driven by “growing inclination towards protein consumption & nutricosmetics; increasing use of collagen in food, healthcare, and technical applications; and rising use of collagen based biomaterials. However, factors such as need of compliance with various standards and stringent regulations due to safety concerns, religious constraints, and growing use of alternatives are expected to hinder the growth of this market to some extent” notes Meticulous Research™.Download Free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=3634?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=29-03-2024
The report also notes that, gelatin is expected to dominate the South East Asian collagen market during the forecast period. The application of gelatin has been significant in pharmaceutical industry, as it is primarily being used to make the shells of hard and soft capsules, tablets, granulation, suppositories, plasma substitute for medicines, dietary/health supplements, syrups, etc.
Further, pig collagen accounted for the major share of the South East Asian collagen market in 2017, owing to the large amount of pork being consumed in this region that results in the abundant availability of raw material for the collagen manufacturing. Also, pig skin is the most favoured source of collagen, as the other sources like fish collagen are exposed to denaturation and exhibits inferior gelling, emulsifying, foaming, and film-forming properties to those of commercial pig skin gelatin.
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Geographically, Indonesia commanded the largest share in the South East Asian collagen market in 2017, which is attributed to its booming food processing industry due to growing population, increased urbanization, growing awareness of healthy products, rising incomes, the shift of consumers towards modern retail stores, and growing tourism industry. In addition, Indonesia’s fast-growing economy and growing livestock and meat processing industry further drives the market for collagen in this country.
Based on type, the South East Asia collagen market is segmented into gelatin, collagen peptide (hydrolyzed collagen), native collagen, and synthetic collagen. In 2023, the gelatin segment is expected to account for the largest share of the South East Asia collagen market. The large market share of this segment is attributed to the increased demand from the food and pharmaceutical industries due to its outstanding stabilizing features and binding characteristics. Nutritional gummies, chewable soft capsules, and enteric capsules are the recent trends in pharma drug deliveries where a mass volume of gelatin is being used. In addition, the growing usage of gelatin in photography, nutraceuticals, and cosmeceuticals is also contributing to its large adoption. Therefore, the gelatin segment is expected to register the highest CAGR during the forecast period due to its rising adoption across multiple application areas and the rising fish industry in South East Asia.
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Based on application, the South East Asia collagen market is segmented into food & beverages, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2023, the food & beverages segment is expected to account for the largest share of the South East Asia collagen market. The large market share of this segment is attributed to vast applications of collagen across the food & beverages industry due to its unique gelling and surface behavior properties. It also improves the texture and mouthfeel of food products. It is used to add a smooth, creamy texture to dairy products, soups, and sauces. In meat products, it helps to retain moisture and improve tenderness. This is expected to boost the demand for collagen in food & beverages.
Key Players
The key players operating in the South East Asia collagen market include Rousselot (Part of Darling Ingredients Inc.) (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), ITALGEL S.r.l. (Italy), Holista Colltech Limited (Australia), Collagen Solutions (US) LLC (U.S.), Gelnex (Brazil), Advanced BioMatrix, Inc. (U.S.), Hangzhou Nutrition Biotechnology Co., Ltd. (China), Foodmate Co., Ltd. (China), Trobas Gelatine B.V. (Netherlands), and Jiangxi Cosen Biochemical Co., Ltd. (China).
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