South East Asia Collagen Market to be Worth $194.3 Million by 2030
Meticulous
Research®—a
leading global market research company, published a research report titled, ‘South East
Asia Collagen Market by Type
(Gelatin, Collagen Peptide, Native Collagen, Synthetic Collagen), Source
(Bovine, Porcine, Fish, Chicken), Application (Food & Beverages,
Pharmaceuticals, Nutraceuticals, Healthcare, Cosmetics) - Forecast to 2030.’
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The
South East Asia collagen market is expected to reach $194.3 million by 2030, at
a CAGR of 7% from 2023 to 2030. The growth of this market is driven by the
growing use of collagen in food industries, rising protein and nutricosmetics
consumption, growing application in healthcare, and increasing use of
collagen-based biomaterials. Furthermore, the growing food processing industry
is expected to provide significant growth opportunities for players operating
in this market. However, religious constraints and the growing use of
alternatives hinder the growth of this market. On the other hand, improving the
processing technology is the key challenge of this market.
Key
Players
The
key players operating in the South East Asia collagen market include Rousselot
(Part of Darling Ingredients Inc.) (Netherlands), GELITA AG (Germany),
Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan),
ITALGEL S.r.l. (Italy), Holista Colltech Limited (Australia), Collagen
Solutions (US) LLC (U.S.), Gelnex (Brazil), Advanced BioMatrix, Inc.
(U.S.), Hangzhou Nutrition Biotechnology Co., Ltd. (China), Foodmate Co.,
Ltd. (China), Trobas Gelatine B.V. (Netherlands), and Jiangxi Cosen Biochemical
Co., Ltd. (China).
The
South East Asia collagen market study presents historical market data in terms
of value & volume (2021 and 2022), estimated current data (2023), and
forecasts for 2030. This market is segmented by type, source, application, and
country.
Based
on type, the South East Asia
collagen market is segmented into gelatin, collagen peptide (hydrolyzed
collagen), native collagen, and synthetic collagen. In 2023, the gelatin
segment is expected to account for the largest share of the South East Asia
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. Nutritional
gummies, chewable soft capsules, and enteric capsules are the recent trends in
pharma drug deliveries where a mass volume of gelatin is being used. In
addition, the growing usage of gelatin in photography, nutraceuticals, and
cosmeceuticals is also contributing to its large adoption. Therefore, the
gelatin segment is expected to register the highest CAGR during the forecast
period due to its rising adoption across multiple application areas and the
rising fish industry in South East Asia.
Based
on source, the South East Asia
collagen market is segmented into bovine, porcine, fish, chicken, sheep, and
other sources. In 2023, the bovine collagen segment is expected to account for
the largest share of the South East Asia collagen market. The large market
share of this segment is attributed to its several health benefits, such as
skin health, tendon reinforcement, bone loss prevention, and relief from
arthritis. This makes bovine collagen one of the widely used and accepted forms
of collagen.
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Based
on application, the South East Asia
collagen market is segmented into food & beverages, pharmaceuticals,
nutraceuticals, healthcare, cosmetics, and technical applications. In 2023, the
food & beverages segment is expected to account for the largest share of
the South East Asia collagen market. The large market share of this segment is
attributed to vast applications of collagen across the food & beverages
industry due to its unique gelling and surface behavior properties. It also
improves the texture and mouthfeel of food products. It is used to add a
smooth, creamy texture to dairy products, soups, and sauces. In meat products,
it helps to retain moisture and improve tenderness. This is expected to boost
the demand for collagen in food & beverages.
Based
on country, in 2023, Indonesia is
expected to account for the largest share of the South East Asia collagen
market. Indonesia's major market share is attributed to its booming food &
beverages sector due to various factors such as growing population, increased
urbanization, growing awareness of healthy products, rising incomes, the shift
of consumers towards modern retail stores, and the growing tourism industry.
Additionally, the rising demand for cosmetics and personal care products and
the growing livestock and meat processing industry further drive the growth of
the collagen market in the country.
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 South East Asia?
· What
are the market forecasts and estimates for the period 2023–2030?
· What
are the major drivers, restraints, opportunities, and challenges in the South
East Asia collagen market?
Related Research:
1.collagen market- https://www.meticulousresearch.com/product/collagen-market-5121?utm_source=pdf&utm_medium=social+&utm_campaign=product&utm_content=06-03-2024
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