The global collagen market size was valued at USD 4.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2027. The main reasons propelling the growth of the worldwide collagen market are the rising use of collagen in the food sectors, rising interest in protein consumption & nutricosmetics, rising applications in healthcare, and rising use of collagen-based biomaterials. Additionally, increasing per capita income and the burgeoning food processing sector provide collagen producers with tremendous growth prospects.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220005202
Europe is the largest region in the collagen market in the forecast period
Europe is the largest region in the global collagen market in the forecast period. The presence of major collagen manufacturers such as Tessenderlo Group (Belgium), GELITA AG (Germany), Lapi Gelatine S.p.a. (Italy), Weishardt Holding SA (France), among others, further drives the market in the region.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Tessenderlo Group (Belgium), GELITA AG (Germany), Holista Colltech (Australia), Darling Ingredients (US), Nitta Gelatin NA Inc. (Japan), Gelnex (Brazil), Lapi Gelatine S.p.a. (Italy), Weishardt Holding SA (France), Royal DSM N.V (The Netherlands), and Collagen Solutions LLC (UK).
Collagen Market Drivers: Increasing demand for collagen-based cosmetics among the consumers globally
Collagen fibers present in the human skin are damaged with time, losing thickness and strength, which results in skin aging. Collagen is used in the cosmetic industry in creams as a nutritional supplement for bone and cartilage regeneration, vascular and cardiac reconstruction, skin replacement, and augmentation of soft skin, among others. Collagen is a common constituent of soaps, shampoos, facial creams, body lotions, and other cosmetics. Hydrolyzed collagen is an important ingredient in skin and hair care products. One important application of hydrolyzed collagen in the personal care sector is combined with surfactants and active washing agents in shampoos and shower gels. The diet choices people are making nowadays prevent the skin from receiving the vital nutrients it needs. Because of this, nutricosmetics, which give the human skin the nutrition it needs, are very popular. Along with this advantage, the collagen market for nutricosmetics is growing as more individuals are becoming conscious of their own health. For instance, Procter & Gamble (US), under its brand ‘Olay’ has recently announced a launch of a new collection, Olay Regenerist Collagen Peptide 24, which helps to deliver plump and bouncy skin in 2021.
Collagen Market Opportunities: Immense opportunities in emerging economies
The global collagen market is growing as the demand for collagen from developed economies has increased due to the changing consumer attitude toward the consumption of collagen derivatives. Consumers are more aware of the importance of collagen in maintaining their health, which has led to the sustained growth of collagen components in the market. Changing lifestyles, food habits, the adoption of western food habits, an increase in demand for functional ingredients in food products, and an increase in industrial activity leading to the need for process enhancement have contributed to the development of the market in developing economies. Emerging economies such as the Asia Pacific, South Africa, the Middle East, South America, and Eastern European countries provide excellent opportunities for the growth of the collagen market.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=220005202
Collagen Market Analysis
By source, bovine was the largest source in the global collagen market
By source, bovine was the largest source in the global collagen market. Bovine collagen is extracted from bovine species such as water buffalo, yak, bison, and cows; it is a naturally occurring protein present in the cartilage, connective tissues, bones, and hides of these animals. The collagen present in these animals is similar to the collagen present in human bodies. Bovine collagen is highly rich in type I and III collagen. This type of collagen benefits the nails, skin, tendons, eyes, hair, muscles, bones, and blood vessels. Human skin is mainly made up of type I and III collagen, and hence bovine collagen is especially used in skincare products targeted towards reducing wrinkles, promoting elasticity, and increasing skin moisture.
