The global Collagen Market market size was valued at USD 4.4 billion in 2020 and is expected to expand at USD 13.16 billion by 2027 at a compound annual growth rate (CAGR) of 16.5% from 2021 to 2027. Collagen industry is anticipated to witness significant gains in the forecast timeframe owing to increasing product demand for multiple end use industries including healthcare, food, cosmetics, and nutraceuticals. Rising health awareness among people has led to increasing nutraceuticals and health promoter’s consumption thus fostering market growth. Rising coronavirus issues have led to increasing nutraceuticals demand to boost immunity. These factors will have a positive impact on industry outlook.
Collagen forms a scaffold to offer strength and structure. It helps to repair body tissues. Collagen is the main structural protein in the extracellular matrix in the various connective tissues in the body. It is the main protein content for tendons, skin, and bones. It provides strength to connective tissues and offers cushioning for body parts. Rising technological advancements in the medical and healthcare segment to treat diseases will have a positive impact on market trends.
Growing end-use applications in the food and beverage industry along with growing product demand in cosmetics industry owing to its positive skin benefits is anticipated to drive the industry growth. The product functions as essential protein in human body and offers health and skin benefits. Rising consumer awareness for maintaining healthy skin along with inclination towards health promoting supplements will have a positive impact on market share.
Manufacturers are investing on R & D activities and product launches and capacity expansions in order to fulfill the growing product demand. Coronavirus pandemic has led to global lockdown of manufacturing plants which has also impacted supply chains. These factors may restrict industry growth. Concerns regarding the animal killing for obtaining collagen may restrict global industry growth. However, rising product demand for promoting good health will stimulate product demand.
The key players in this market include Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group (France), Darling Ingredients (US), Nippi Inc. (Japan), VinhHoan Corporation (Vietnam), Juncà Gelatines, S.L.(Spain), Lapi Gelatine S.p.a. (Italy), Gelnex (Brazil), Vital Proteins (US), Baotou Dongbao Bio-Tech Co., Ltd. (China), RABJ Co., Ltd (Japan), Connoils (US), Nutra Food Ingredients (US), and Italgelatine S.P.A (Italy).
Europe was the largest regional segment in the market in 2020, in terms of volume. The regional market is likely to benefit from the presence of major sugar confectionery manufacturers such as Britannia Superfine and Astir. High growth of the meat processing industry in this region has also fueled product demand. The region has a sizable number of slaughterhouses, which, in turn, has encouraged product manufacturers to set up their plants in this region.
Report : Collagen Market - By product type (Gelatin, Hydrolyzed collagen, Native collagen), By source (Bovine, Porcine, Marine & poultry). By Application (Food & beverages, Pharmaceutical & healthcare and Others), By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) and Industry Analysis, Opportunity and Forecast 2021To 2027.