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Increasing Growth of the Collagen Market
Meticulous Research®—a leading global market research company, published a research report titled, ‘Collagen Market by Type (Gelatin, Collagen Peptide, and Native Collagen), Source (Porcine, Bovine, Marine, Chicken, and Sheep), and Application (Food & Beverage, Pharmaceuticals, Nutraceuticals, and Healthcare)—Global Forecasts to 2029’.Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5121?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=30-04-2024
In terms of value, the global collagen market is expected to reach $8.64 billion by 2029, at a CAGR of 6.9% from 2022 to 2029, while in terms of volume, the market is expected to reach 755.3 KT by 2029, at a CAGR of 5.1% from 2022 to 2029. This market is driven by the growing use of collagen in the food industry, the increasing inclination towards protein and nutricosmetics consumption, the rising application in healthcare, the increasing technical applications, and the growing use of collagen-based biomaterials. Additionally, a rise in per capita income and the growing food processing industry provide significant growth opportunities for collagen manufacturers in the coming years. However, safety concerns, religious constraints, and the growing use of alternatives hinder the growth of this market to some extent. On the other hand, dealing with the safety concern and improving the food processing technology pose a great challenge to the global collagen manufacturers.
key Findings of the Global Collagen Market Study:
Gelatin Segment to Dominate the Collagen Market in 2022
Based on type, in 2022, the gelatin segment is expected to account for the largest share of the global 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. The 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. Moreover, this segment is expected to register the highest CAGR due to the rising fish industry in Asia-Pacific.
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Fish Collagen Segment is Projected to Grow with the Fastest CAGR During the Forecast Period
Based on source, in 2022, the bovine collagen segment is expected to account for the largest share of the global collagen market. The large market share of this segment is mainly attributed to its several health benefits, such as skin health, tendon reinforcement, bone loss prevention, and relief from arthritis. This makes bovine collagen one of the widely used and accepted collagens.
The Food & Beverage Segment to Dominate the Collagen Market in 2022
Based on application, in 2022, the food & beverage segment is expected to account for the largest share of the global collagen market. The large market share of this segment is mainly attributed to vast applications of collagen across the food & beverages industry due to its unique gelling and surface behavior properties. However, the nutraceuticals segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing use of nutraceuticals for weight management across the globe.
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Asia-Pacific: The Fastest Growing Regional Market
Based on geography, in 2022, North America is expected to account for the largest share of the global collagen market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the increasing number of food manufacturers and the prevailing food processing industry, particularly in China and India; growing population; rising importance of nutrition and personal well-being; the steady pace of industrialization; growing personal care spending; and abundance of raw materials for collagen and gelatin.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the collagen market between last four years. The key players profiled in this collagen market study are Rousselot (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), ITALGEL S.r.l. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (Netherlands), Gelnex (Brazil), Juncà Gelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.)
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