Global Collagen Market to Reach USD 6.7 Billion by 2028
Published | 08 June 2022
Global Collagen Market is growing at a high rate because of rising health awareness, and increasing demand for collagen in the pharmaceuticals and food industry due to its growing application and benefits…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Collagen Market was worth USD 4.8 billion in the year 2022. It is estimated to grow at a CAGR of 5.6%, earning revenue of around USD 6.7 billion by the end of 2028. The significant growth of the Global Collagen market is attributed to urbanization, changing lifestyles, rising female consumer’s demand for cosmetic products containing collagen, expanding Food and Beverage industry, rapid technological innovation, increasing usage of collagen in cosmetics, and food due to concern for skin aging, and skincare, and in healthcare for tissue repair, and dental application. All these factors increase the demand for collagen influencing the Global Collagen Market during the forecast period. Furthermore, Global Collagen market is one of the most booming markets that grow continuously owing to the integration of new technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and others. The collagen present in the human body damages with time, the skin’s inner layer loses collagen and becomes less elastic, reduces thickness, and skin ages. Thus, oral collagen is essential for a healthy lifestyle.
However, some factors like side-effects due to excessive usage, high-cost associated with collagen, and greater sensitivity to the consumption of collagen in some people are the major restraining factors for the growth of the market. Moreover, nowadays collagen supplement is popular, where collagen is hydrolyzed, which means protein present in collagen is broken down to be absorbed easily by the human body, resulting in driving the growth of the Global Collagen Market during the forecast period. The demand for collagen in cosmetics, and in medicine as a nutritional supplement for bone, skin replacement, vascular and cardiac reconstruction, and augmentation of soft skin in general, is gaining huge popularity among consumers across the globe. Collagen-based food and other products like soaps, moisturizers, hair cleansers, facial creams, and other skin and Hair products have already carved a niche for themselves in the Global Collagen market. Hence, the market is anticipated to proliferate during the forecast period (2023-2028) around the globe.
Request for Sample Report @ https://www.blueweaveconsulting.com/report/global-collagen-market/report-sample
Based on Product, the Global Collagen Market is segmented into Gelatin, Hydrolyzed Collagen, Native Collagen, and Others. The Gelatin segment accounts for the largest market share followed by its benefits such as being translucent, flavorless, and brittle food ingredients. Gelatin is widely used to make capsules, ointments, and foods. The rising cosmetics usage and changing lifestyles lead to preference for gelatin in food, cosmetics, and medicine productions. Based on End-User, the Global Collagen market is segmented into Nutritional Products, Food and Beverages, and Pharmaceuticals. The Food and Beverages segment is expected to dominate the market during the forecast period owing to the major consumers of collagen being associated with the Food and Beverages industry owing to rising demand for dietary supplements and functional food products. Moreover, pharmaceuticals are also increasing the demand for collagen due to the increasing demand for cosmetics, tablets, capsules, and ointments. The increasing health, skin, and medical issues are driving the growth of the Global Collagen Market.
Geographically, the Global Collagen Market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The North American segment accounts to hold the largest share in the market owing to the well-established food and healthcare industry, urbanization, and rising purchasing power of consumers in this region. Moreover, Asia-pacific is expected to dominate the market owing to the rising population and growing aging population in countries like India, China, and Japan which leads to higher demand for collagen-based supplements that help skin improvement and joint pain.The sudden outbreak of COVID-19 resulted negatively in the growth of the Global Collagen Market. The lockdown imposed by the countries directly influenced the operations of the Food and Beverage and pharmaceutical industry by hindering the smooth supply of raw materials. Also, people could not go outside their houses to visit the markets due to worldwide lockdown restricted norms. This pandemic fueled the demand for functional food thereby, increasing the growth of the Global Collagen Market.
The leading market players in the Global Collagen market are NITTA GELATIN, INC. (US), Weishardt Group, GELITA AG (Germany), LapiGelatineS.p.a. (Italy), Darling Ingredients Inc. (US), Vinh Hoan Corporation (Vietnam), Collagen Solutions Plc (UK), Amicogen, Inc. (South Korea), Gelnex (Brazil), JuncaGelatines S.L. (Spain), Chaitanya Chemical (India), Apsen Naturals (US), CRESCENT BIOTECH (India), FOODMATE CO. LTD, (China), and other prominent players.The Global Collagen Meat market is highly consolidated with the presence of multinational Food and beverages and pharmaceutical companies. These companies constantly launch a wide range of products with innovations to attract consumers and significantly invest in research and development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Collagen Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Collagen market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Recent Press Releases
- Global Savory Ingredients Market to Expand in Coming Years – Projected to Reach worth USD 10.8 billion by 2028
- China Bottled Water Market Portraying a Positive Growth Rate: Project to Grow at a moderate CAGR of 7.6% by 2027
- Global Yogurt Market Set for Sustained Growth Pattern: Projected to touch USD 136.2 Billion by 2027
- India Bakery Products Market: Growing at the CAGR of 8.3% in the Forecast Period
- Global Plant Extracts Market Growing Strength to Strength. Projected to grow at a CAGR of 11.7% in the Forecast Period
- Global Probiotics Market to Grow at a CAGR of 8.7% during 2022-2028