Collagen Market Outlook, Growth Forecast to 2028
The global collagen market size was valued at USD 6,471.5 million in 2021 and is poised to grow at a significant CAGR of 5.3% during 2022-28. Collagen is an important amino acid for the mammalian body and a structural protein. It's one of the most common proteins in the planet. Collagen is the substance that gives an animal's body its structural integrity. Collagen is an essential component of an organism's regeneration, healing, tissue creation, and overall health and well-being. Collagen can be found in a variety of animal-based foods. The human body produces it as well. Collagen is now accessible in a variety of forms on the market, including health supplements, beauty aids, and healthcare aids. Many people take collagen supplements to achieve their daily collagen requirements as a result of the wear and tear on their bodies. As a result, there is a greater need for collagen products on the market. Due to the shutdown of manufacturing facilities, shipping restrictions, and border closures between countries, the COVID-19 epidemic has had a negative impact on the value chain. The global outbreak of coronavirus has resulted in a rise in demand for nutraceuticals and supplements to boost immunity, positively boosting industry growth.
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The growing demand for collagen supplements as a nutritional supplement as well as essential element in lotions and soaps, as well as increased knowledge of minimally invasive operations, are driving the global market's rise. The demand for the product is increasing as the world's senior population grows. Because their immune systems have weakened, the elderly are more susceptible to disease. Collagens can also help to heal wounds. Furthermore, because these items are biodegradable, their disposal does not endanger the environment. Collagen manufacturing goods have also become more efficient as a result of expanding technical breakthroughs in the healthcare sector. The global market is expected to be pushed by this product's enhanced productivity.
The global collagen market segmentation:
1) By Product Type: Gelatin, Hydrolyzed Collagen, Native Collagen, and Others.
2) By Application: Food & beverages, Pharmaceuticals & Healthcare, Meat Processing, and Others.
3) By Source: Bovine, Porcine, Poultry, Marine, and Others.
The collagen market is dominated by Asia-Pacific, as Chinese consumers are becoming more health-conscious, increasing demand for vitamin supplements, which are primarily made from collagen. Because of increased corporate expansion and customer awareness, the Asia-Pacific area is predicted to grow at the fastest rate in the projection period. The United States dominates in North America, where the medical sector is rapidly expanding. Furthermore, with the rising use of collagen in animal feed to improve protein levels in animals, the need for collagen is on the rise. Due to the increased use of cosmetics and personal care goods in the region, Germany dominates the European market.
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Some of the major key players in the Collagen Market are Nitta Gelatine, Inc., Vital Proteins, Gelita AG, Lapi Gelatine S.p.a., Baotou Dongbao Bio-Tech Co., Ltd.
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