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South East Asia Collagen Market to be Worth $194.3 Million by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘South East Asia Collagen Market by Type (Gelatin, Collagen Peptide, Native Collagen, Synthetic Collagen), Source (Bovine, Porcine, Fish, Chicken), Application (Food & Beverages, Pharmaceuticals, Nutraceuticals, Healthcare, Cosmetics) - Forecast to 2030.’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=13-02-2024
The South East Asia collagen market is expected to reach $194.3 million by 2030, at a CAGR of 7% from 2023 to 2030. The growth of this market is driven by the growing use of collagen in food industries, rising protein and nutricosmetics consumption, growing application in healthcare, and increasing use of collagen-based biomaterials. Furthermore, the growing food processing industry is expected to provide significant growth opportunities for players operating in this market. However, religious constraints and the growing use of alternatives hinder the growth of this market. On the other hand, improving the processing technology is the key challenge of this market.
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).
The South East Asia collagen market study presents historical market data in terms of value & volume (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented by type, source, application, and 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.
Based on source, the South East Asia collagen market is segmented into bovine, porcine, fish, chicken, sheep, and other sources. In 2023, the bovine collagen 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 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 forms of collagen.
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However, the fish collagen segment is projected to witness significant growth during the forecast period of 2023–2030. The key factors supporting the rapid growth of this segment include the rising pisciculture practices, growing consumer inclination towards a healthy lifestyle and high protein consumption, rising number of people experiencing joint discomfort, and the ability of fish collagen to improve skin comfort, nourish the epidermis, and increase skin elasticity.
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.
However, the nutraceuticals segment is projected to witness significant growth during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the growing use of nutraceuticals for weight management across South East Asia and increasing consumer awareness regarding the consumption of supplements for preventive care.
Based on country, in 2023, Indonesia is expected to account for the largest share of the South East Asia collagen market. Indonesia's major market share is attributed to its booming food & beverages sector due to various factors such as growing population, increased urbanization, growing awareness of healthy products, rising incomes, the shift of consumers towards modern retail stores, and the growing tourism industry. Additionally, the rising demand for cosmetics and personal care products and the growing livestock and meat processing industry further drive the growth of the collagen market in the country.
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Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of type, source, application, and geography?
- What is the historical market size for collagen across South East Asia?
- What are the market forecasts and estimates for the period 2023–2030?
- What are the major drivers, restraints, opportunities, and challenges in the South East Asia collagen market?
- Who are the major players in the market, and what are their market shares?
- Who are the major players in various countries, and what are their market shares?
- How is the competitive landscape for the South East Asia collagen market?
- What are the different strategies adopted by the major players in the South East Asia collagen market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the South East Asia collagen market, and how do they compete with other players?
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