Navigating the Booming Collagen Market: Trends, Growth, and Projections
Introduction:
The global collagen market is experiencing a substantial surge, with an estimated value of USD 4.7 billion in 2022, poised to reach USD 7.2 billion by 2030. This growth, marked by a Compound Annual Growth Rate (CAGR) of 5.3%, is driven by several key factors reshaping the collagen landscape.
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Factors...
Collagen Market: Worldwide Industry Analysis and New Opportunities Explored
The collagen
market, in terms of value, is estimated to account for nearly USD 3.5
billion in 2018 and projected to grow at a CAGR of 5.2%, to reach nearly USD
4.6 billion by 2023. This is due to the growth of the food & beverages
industry as manufacturers are using collagen in their food items to increase
the protein content in the final product. Busy lifestyles have driven the food
manufacturing...