Collagen Market Worth $8.64 Billion by 2029

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Collagen Market by Type (Gelatin, Collagen Peptide, and Native Collagen), Source (Porcine, Bovine, Marine, Chicken, and Sheep), and Application (Food & Beverage, Pharmaceuticals, Nutraceuticals, and Healthcare)—Global Forecasts to 2029’.

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In terms of value, the global collagen market is expected to reach $8.64 billion by 2029, at a CAGR of 6.9% from 2022 to 2029, while in terms of volume, the market is expected to reach 755.3 KT by 2029, at a CAGR of 5.1% from 2022 to 2029. This market is driven by the growing use of collagen in the food industry, the increasing inclination towards protein and nutricosmetics consumption, the rising application in healthcare, the increasing technical applications, and the growing use of collagen-based biomaterials. Additionally, a rise in per capita income and the growing food processing industry provide significant growth opportunities for collagen manufacturers in the coming years. However, safety concerns, religious constraints, and the growing use of alternatives hinder the growth of this market to some extent. On the other hand, dealing with the safety concern and improving the food processing technology pose a great challenge to the global collagen manufacturers.

The market is segmented based on type, source, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on type, the global collagen market is segmented into gelatin, collagen peptide, native collagen, and synthetic collagen. In 2022, the gelatin segment is expected to account for the largest share of the global 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. The recent trends in pharma drug deliveries include nutritional gummies, chewable soft capsules, and enteric capsules where the mass volume of gelatin is used. In addition, the growing usage of gelatin in photography, nutraceuticals, and cosmeceuticals is also contributing to its large adoption. Moreover, this segment is also expected to register the highest CAGR due to the growing fish industry in Asia-Pacific.

Based on source, the global collagen market is segmented into bovine, porcine, fish, chicken, sheep, and other animals. In 2022, the bovine segment is expected to account for the largest share of the global collagen market. The large market share of this segment is attributed to the growing global beef consumption and its several health benefits such as skin health, tendon reinforcement, bone loss prevention, and relief from arthritis. However, the fish collagen segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the rising fish production and growing cosmetic industry.

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Based on application, the global collagen market is segmented into food & beverage, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2022, the food & beverage segment is expected to account for the largest share of the global collagen market. The vast applications of collagen across the food & beverage industry due to its unique gelling and surface behavior drive this segment's growth. However, the nutraceuticals segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing use of nutraceuticals for weight management across the globe.

Based on geography, in 2022, North America is expected to account for the largest share of the global collagen market. The large market share of North America is attributed to the huge consumption of cosmeceuticals and nutraceuticals, rise in R&D activities, well-established food and healthcare industry, and easy availability of raw materials.

However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the increasing number of food manufacturers and the prevailing food processing industry, particularly in China and India, the growing population, rising importance of nutrition and personal well-being, steady pace of industrialization, the growing personal care spending, and availability of raw material for collagen and gelatin in abundance.

Key Players

The key players operating in the collagen market are Rousselot (Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), Lapi Gelatine S.p.a. (Italy), ITALGEL S.r.l. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (Netherlands), Gelnex (Brazil), Juncà Gelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc (U.K.), and Advanced BioMatrix, Inc. (U.S.).

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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 the globe?

·  What are the market forecasts and estimates for the period 2022–2029?

·  What are the major drivers, restraints, opportunities, and challenges in the global collagen market?

·  Who are the major players in various countries, and what are their market shares?

·  How is the competitive landscape for the global collagen market?

·  What are the recent developments in the global collagen market?

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