Collagen is a protein that is insoluble, stiff, and fibrous, and it gives strength and structure. It is present in the extracellular matrix and is released by many cells, primarily connective tissue cells. It supports healing and serves as a foundation for new tissue formation. Rising product penetration in cosmetics, healthcare, and pharmaceuticals is expected to fuel the market growth. The food and beverage sector is projected to play a significant role in driving up demand for gelatin and hydrolyzed collagen. Increasing demand for the product in the cosmetic industry can be attributed to its ability to enhance skin elasticity, raise skin hydration, and minimize wrinkles, which can lead to an increase in demand for collagen in the cosmetic industry. According to the article published by MedAlertHelp, in 2019, the worldwide cosmetics industry was worth $532 billion. According to an Organic Trade Association (OTA) study, organic food sales grew by 5.9 percent in 2019 while organic beverage sales surged by 13.5 percent. However, the possibility of disease transmission from an animal-based collagen product and the availability of alternatives for animal-derived ingredients hinders the growth of the market over the forecast period of 2021-2027. Also, the production of innovative collagen applications for a variety of therapeutic purposes and incorporation of collagen in various medical supplements and products is likely to increase the market growth during the forecast period.
Global Collagen Market is valued at approximately USD 5.09 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.70 % over the forecast period 2021-2027 and is estimated to reach USD 7.5 billion by 2027.
The regional analysis of the global market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the most significant region across the world in terms of market share owing to the growing demand for healthy drinks and increasing consumption of gummy confectionery products. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the well-established meat processing industry, increasing healthcare sector, and research and development in the collagen-based product market would create lucrative growth prospects for the market across the Asia-Pacific region.
Major market players included in this report are Gelita Ag, Juncà Gelatines SL, Beyond Biopharma Company, Ltd, STERLING GELATIN, Collagen Solutions Plc, Rousselot BV, Cologenesis Healthcare Pvt. Ltd, Symatese, Collagen Matrix, Inc, and Tessenderlo Group.
The detailed segments and sub-segment of the market are explained below:
By Source: Bovine, Porcine, Poultry, Marine, Others
By Product: Gelatin, Hydrolyzed Collagen, Native Collagen, Synthetic Collagen, Others
By Application: Food & Beverages, Healthcare, Cosmetics, Others
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