According to the report, the Collagen market is expected to grow from USD 4,054 million in 2019 to USD 9,780 million by 2026, growing at a CAGR of 13.64% from 2019 to 2026.
Market Overview
The global Collagen market is estimated to be USD 4,054 million in 2019 and is expected to reach USD 9,780 million by 2026, with a CAGR of 13.64% during the forecast period.
Changing consumer preferences and lifestyles, increasing disposable income, increasing working women
, and rising awareness regarding health and personal care are poised to stimulate the growth of the market. The market growth is mainly attributed to people attached more importance to personal beauty.
Collagen accounts for about 20% of the total protein in mammals. It is also a very important protein in the human body, mainly in connective tissue. It has a strong stretch ability and is the main component of the ligament. Collagen is also a major component of the extracellular matrix. It keeps the skin elastic, and the aging of collagen causes wrinkles on the skin.
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Competitive Insights
Key players operating in this market include Rousselot, Gelita, PB Gelatins, Nitta, NIPPI, BHN, Weishardt International, Neocell, DCP, Lapi Gelatine, Italgelatine, Cosen, Taiaitai, HDJR, Huayan Collagen, Hailisheng, Mingrang, Oriental Ocean, Dongbao, Haijiantang, SEMNL Biotechnology, and CSI.
Regional Insights
Asia Pacific is the leader consumption market at a share of 33.57%, followed by North America and Europe with a share of 31.95% and 28.63%.
Asia Pacific is characterized by presence of a well-established meat processing industry coupled with high expenditure on industrial development by governing agencies to propel economic development. In addition, high investments in research & development activities to produce collagen-based products are poised to spur the growth of the regional market. In Asia Pacific, countries such as China and India have witnessed substantial demand for the product in recent years. The development of healthcare industries, primarily in China and India, coupled with rise of medical tourism in these economies is likely to augment the market over the forecast period. In addition, rising technological advancements in economies such as Japan and Australia for product usage in the healthcare industry are anticipated to bode well for the regional market. Europe is likely to grow at a significant rate due to the growth in end-use industries such as food & beverages and pharmaceuticals. Countries such as India, Pakistan and Indonesia where beef & pork consumption is religiously prohibited are expected to be attractive food-grade sheep collagen markets.
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Based on the type, the Collagen market is divided into Pig Collagen, Bovine Collagen, and Fish Collagen.
Fish collagen, the collagen source considered to be the safest among all possible collagen sources, is expected to witness the highest rise in consumption on a global front. Minimal disease transmission risk and relaxed regional and social regulations are expected to be the key factors driving growth. The market for fish collagen is expected to rise at the highest CAGR from 2019 to 2026.
Application Insights
Based on application, the Collagen market can be segmented into Cosmetic, Health Care Products, and Food.
Healthcare was the largest application segment in the market in 2018 and is poised to retain its position until 2026. Collagen is gaining popularity in the healthcare sector as a bone void filler owing to its ability to encourage bone development. Increasing demand for collagen sponges to carry proteins in bone repairing treatments is expected to benefit the growth of the overall market.
The food segment is estimated to register the highest growth during the same period owing to spiraling demand for dietary supplements and functional food and beverages in North America and Europe. Rising popularity of collagen as a cosmetic ingredient to prevent ageing effects such as wrinkles is likely to open new market avenues over the forecast period.
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Audience
l Collagen manufacturers
l Distributors and resellers of Collagen
l Collagen industry associations
l Product managers, Collagen industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Collagen
l Healthcare organizations
l Research & Clinical Laboratories
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