Collagen Market to Grow with a CAGR of 4.21% through 2028
Growing demand
of collagen in healthcare industry is expected to drive the Global Collagen
Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Collagen Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Collagen Market stood at USD 8.51 billion in 2022 and is anticipated to grow
with a CAGR of 4.21% in the forecast period, 2024-2028. The initiatives taken
by government based on collagen has led to favorable market conditions for the
Global Collagen Market. Several factors contribute to the growth of various
Collagen products.
The European
Union has implemented comprehensive regulations to govern the use of collagen
in food supplements and cosmetics. These regulations are overseen by the
European Food Safety Authority (EFSA), which meticulously evaluates the safety
and effectiveness of collagen-based ingredients. In addition, the EFSA
establishes maximum limits for the utilization of collagen, ensuring that
products meet strict quality standards and guaranteeing consumer safety across
the EU market.
The Australian
Institute of Sport (AIS) has taken a proactive approach by developing a robust
sport supplement framework that includes collagen as a permitted supplement for
athletes. This groundbreaking initiative aims to not only provide accurate
information and guidance on the utilization of collagen supplements in sports
performance and recovery but also highlights the growing recognition of
collagen's potential benefits in enhancing athletic performance and supporting
optimal recovery after physical exertion. By incorporating collagen into their
approved list of supplements, the AIS is empowering athletes to make informed
choices and optimize their training and recovery strategies.
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"Collagen Market.”
Collagen-based
dressings and scaffolds have gained significant popularity in wound healing and
tissue regeneration applications. The unique properties of collagen, including
its exceptional biocompatibility, bioactivity, and remarkable ability to
promote cell growth, make it an ideal material for accelerating wound healing
and facilitating tissue repair.
In orthopedic
medicine, collagen finds widespread use, particularly in the treatment of
conditions like osteoarthritis. It is employed in injectable or implantable
forms, offering a versatile approach to address joint-related issues. Collagen-based
products have been shown to not only enhance joint function and reduce pain but
also stimulate cartilage regeneration, ultimately improving the overall quality
of life for patients suffering from joint-related ailments. With its remarkable
attributes and multiple applications, collagen continues to pave the way for
innovative solutions in the field of regenerative medicine, revolutionizing the
way we approach wound healing and orthopedic care.
The Global
Collagen Market is segmented into product, source, application, regional
distribution, and company.
Based on its
application, the food and beverage segment held the largest share in the
market. This increased demand for dietary supplements and functional food and
beverages in North America and Europe regions can be attributed to several
factors. Firstly, these regions have witnessed a growing awareness of the
importance of maintaining a healthy lifestyle, leading to an increased focus on
nutritional products.
Additionally,
the rising prevalence of lifestyle-related diseases has prompted individuals to
seek out products that can help improve their overall well-being. In the food
industry, collagen is not only used to improve the stability, consistency, and
elasticity of products, but also as a food additive that enhances the color,
texture, and flavor of various food items. It is a versatile ingredient that
finds its way into collagen-infused drinks such as cappuccino, coco, juices,
and energy drinks, among others. These collagen-infused beverages not only
provide a refreshing taste but also offer potential health benefits.
Furthermore, the
healthcare industry has recognized the potential of collagen and its
applications. It is estimated that healthcare will emerge as a major
application segment driving the growth of the collagen market. The demand for
premium grade collagen products for surgical procedures, wound dressing, and
drug delivery mechanisms is expected to fuel the industry's growth over the
forecast period. Collagen is commonly used in the production of wound covers,
which have gained popularity as effective dressing materials for severe burns
and sores. These wound covers have the ability to absorb tissue secretions,
promoting faster healing of the affected area.
Collagen is also
utilized in the treatment of partial- and full-thickness wounds, wounds with
little to no exudate, skin grafts, granulating or necrotic wounds, chronic
non-healing wounds, and second-degree burns. In summary, the increasing demand
for dietary supplements and functional food and beverages, coupled with the
utilization of collagen in the healthcare industry, has contributed to the
growth of the collagen market in North America and Europe. The versatility and
potential health benefits of collagen make it a valuable ingredient in various
applications, driving its popularity and market demand.
Based on region,
Asia Pacific segment is expected to grow during the forecast period.
The Asia Pacific
region, encompassing countries like China, India, Japan, and South Korea,
boasts a substantial population. It is within this populous region that the
demand for collagen-based products has soared to new heights. The growing
consciousness surrounding health and wellness, coupled with the prevailing
beauty and anti-aging trends, has served as a catalyst for the remarkable
expansion of the collagen market in these countries.
With the rise in
disposable income among individuals residing in these nations, the appeal of
collagen supplements and nutraceuticals has witnessed an upward trajectory.
This surge can be attributed to the burgeoning fascination with health
supplements and the consumption of protein-rich products. The remarkable
benefits of collagen, which include promoting joint and bone health, enhancing
skin elasticity, and contributing to overall well-being, have only fueled its
popularity further within the region.
Indeed, it is
the combined factors of heightened awareness, evolving trends, and improved
financial capabilities that have propelled the Asia Pacific region as a
dominant force in the collagen market.
Major companies
operating in Global Collagen Market are:
- Collagen
Matrix, Inc.
- Collagen
Solutions Plc
- Tessenderlo Group
- GELITA AG
- Weishardt Holding SA
- ConnOils
LLC
- Advanced
BioMatrix, Inc.
- Nitta Gelatin, NA Inc.
- Juncà Gelatines SL
- Symatese
SASU
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“Growing
application of collagen in various end user industries are key drivers of the
collagen market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of collagen with every passing year are anticipated to register an
impressive growth to Global Collagen Market in the forecast period.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Collagen Market By Product (Gelatin,
Hydrolyzed Collagen, Native Collagen, Synthetic Collagen, Others), By Source
(Bovine, Porcine, Poultry, Marine, Others), By Application (Food and Beverages,
Healthcare, Cosmetics, Others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth
potential of Global Collagen Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
Global Collagen Market.
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