Collagen Market Dynamics: Key Drivers, Challenges, and Future Prospects
The global collagen market, valued at USD 5.1 billion in 2023, is poised for significant growth, projected to reach USD 7.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.3%. This expansion is driven by multiple factors, including rising health and wellness trends, an aging population seeking age-related remedies, and the beauty industry’s demand for collagen-based anti-aging...
The Collagen Market is Witnessing a Strong Growth due to the Increasing Use in the Food & Beverage Industry
The collagen
market is estimated to account for nearly USD 3.5 billion in 2018 and
is projected to reach a value of nearly USD 4.6 billion by 2023, growing at a
CAGR of 5.2% from 2018. This is due to the increasing use of collagen and
collagen proteins in the medical and pharmaceutical industries. Increase in
demand for collagen and collagen products in the food & beverage and
cosmetic industry...