Increasing Growth of the Collagen Market
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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Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5121?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=30-04-2024
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.
key
Findings of the Global Collagen Market Study:
Gelatin
Segment to Dominate the Collagen Market in 2022
Based
on type, 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
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. Moreover, this
segment is expected to register the highest CAGR due to the rising fish
industry in Asia-Pacific.
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Fish
Collagen Segment is Projected to Grow with the Fastest CAGR During the Forecast
Period
Based
on source, in 2022, the bovine collagen segment is expected to account for the
largest share of the global collagen market. The large market share of this
segment is mainly 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 collagens.
The
Food & Beverage Segment to Dominate the Collagen Market in 2022
Based
on application, in 2022, the food & beverage segment is expected to account
for the largest share of the global collagen market. The large market share of
this segment is mainly attributed to vast applications of collagen across the
food & beverages industry due to its unique gelling and surface behavior
properties. However, the nutraceuticals segment is expected to grow at the
fastest CAGR during the forecast period. The rapid growth of this segment is
mainly attributed to the growing use of nutraceuticals for weight management
across the globe.
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Asia-Pacific:
The Fastest Growing Regional Market
Based
on geography, in 2022, North America is expected to account for the largest
share of the global collagen market, followed by Europe, Asia-Pacific, Latin
America, and the Middle East & Africa. However, Asia-Pacific is expected to
register 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;
growing population; rising importance of nutrition and personal well-being; the
steady pace of industrialization; growing personal care spending; and abundance
of raw materials for collagen and gelatin.
Key
Players
The
report includes a competitive landscape based on an extensive assessment of the
key growth strategies adopted by leading market participants in the collagen
market between last four years. The key players profiled in this collagen
market study 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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