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...
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...