Global Collagen Market: Growth Opportunities, Key Trends, and Forecast to 2029


Posted October 2, 2024 by ankitabarure

The growing use of collagen in the food industry, increasing inclination toward protein and nutricosmetics consumption, rising application in healthcare, increasing technical applications
 
Meticulous Research®—a leading global market research company, has published a new report titled ‘Collagen Market by Type (Gelatin, Collagen Peptide, and Native Collagen), Source (Porcine, Bovine, Marine, Chicken, and Sheep), and Application (Food & Beverage, Pharmaceuticals, Nutraceuticals, and Healthcare)—Global Forecasts to 2029’.

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According to the report, the global collagen market is expected to reach $8.64 billion by 2029, growing at a CAGR of 6.9% from 2022 to 2029 in terms of value. In terms of volume, the market is projected to reach 755.3 KT by 2029, at a CAGR of 5.1% during the same period. The market’s growth is driven by factors such as the increasing use of collagen in the food industry, rising consumer interest in protein and nutricosmetics, expanding applications in healthcare, and a growing demand for collagen-based biomaterials. Additional growth drivers include rising per capita incomes and a flourishing food processing industry. However, market growth is hindered by safety concerns, religious restrictions, and the increased use of alternatives to collagen. Overcoming these challenges and enhancing food processing technology will be critical for collagen manufacturers moving forward.

• Market Segmentation
The collagen market is segmented by type, source, application, and geography, with an analysis of key competitors and regional trends.

• By Type:
The market is categorized into gelatin, collagen peptides, native collagen, and synthetic collagen. In 2022, the gelatin segment is expected to hold the largest market share, primarily due to its stabilizing and binding properties, which make it essential in the food and pharmaceutical industries. Gelatin is widely used in pharmaceutical products like nutritional gummies and soft capsules. Additionally, gelatin is gaining traction in nutraceuticals, photography, and cosmeceuticals. This segment is also anticipated to register the highest CAGR, especially due to growth in the fish industry in the Asia-Pacific region.

• By Source:
The global collagen market is segmented by source into bovine, porcine, fish, chicken, sheep, and other animals. In 2022, the bovine segment is expected to dominate the market, driven by the growing global consumption of beef and the health benefits of bovine collagen, such as improved skin health, tendon strength, bone health, and arthritis relief. The fish collagen segment is expected to witness the fastest growth during the forecast period due to rising fish production and the expanding cosmetics industry.

• By Application:
Collagen is used in various industries, including food & beverage, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. In 2022, the food & beverage segment is anticipated to account for the largest share of the collagen market due to the versatile applications of collagen in food products, driven by its gelling and surface properties. However, the nutraceuticals segment is expected to experience the fastest growth, with increasing global demand for nutraceuticals for weight management.

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• By Geography:
In 2022, North America is expected to lead the global collagen market, driven by high consumption of cosmeceuticals and nutraceuticals, strong R&D efforts, a well-established food and healthcare sector, and easy access to raw materials. The Asia-Pacific region, however, is forecasted to grow at the highest CAGR during the forecast period. This growth is fueled by the expansion of the food manufacturing and processing industry, particularly in China and India, a growing population, rising personal care spending, and ample raw material availability for collagen and gelatin production.

• Key Players
Major companies operating in the global collagen market include:
• Rousselot (Netherlands)
• GELITA AG (Germany)
• Weishardt (France)
• Tessenderlo Group NV (Belgium)
• Nitta Gelatin Inc. (Japan)
• Lapi Gelatine S.p.a. (Italy)
• ITALGEL S.r.l. (Italy)
• Ewald-Gelatine GmbH (Germany)
• REINERT GRUPPE Ingredients GmbH (Germany)
• Trobas Gelatine B.V. (Netherlands)
• Gelnex (Brazil)
• Juncà Gelatines SL (Spain)
• HolistaCollTech Ltd. (Australia)
• Collagen Solutions Plc (U.K.)
• Advanced BioMatrix, Inc. (U.S.)

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In conclusion, the global collagen market is poised for significant growth, driven by expanding applications across food, nutraceuticals, pharmaceuticals, and healthcare industries. With key players investing in R&D and emerging markets like Asia-Pacific showing rapid growth, the future of the collagen industry looks promising.

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Related research:
1. South East Asia Collagen Market: https://www.meticulousresearch.com/download-sample-report/cp_id=3634
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Issued By ankitab
Country India
Categories Advertising , Marketing , Research
Tags collagen market
Last Updated October 2, 2024