The demand for nutritious foods and increased understanding of collagen in the health and medical industries is driving the demand for the market.
Collagen Market Size – USD 170.7 Million in 2019, Growth - CAGR of 4.9%, Trends – Increased demand for Skincare products.
The Collagen Market is projected to reach USD 252.3 million in 2027. Increased product demand from cosmetics formulations is expected to boost market growth because of their anti-inflammatory, antioxidant, and anti-aging impact.
Collagen has an unprocessed protein source, which is used in many uses such as bone and joint healing, wound dressing, regeneration of tissues, and various skincare products. Peptides and gelatin are further extracted or hydrolyzed. Processed goods in many fields, such as food and drinks, personal care and cosmetics, photography, as well as healthcare, are used for various purposes. Increased demand is expected to increase the yields of processed goods from these end-use industries, thus hindering the growth of the market.
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Top Leading Players: Creative Enzymes, Vetoquinol S.A., Symatese, REPROCELL USA Inc., Bio-Rad Laboratories, Inc., RayBiotech, Inc., Aviva Systems Biology Corporation, Bioiberica S.A.U, Cosmo Bio, and Rockland Immunochemicals Inc., among others.
Further Key Finding from the Report Suggestion:
- The growing popularity of the product is expected to promote growth in many applications, such as cosmetics, healthcare, and pharmaceutics.
- A growing understanding of the therapeutic condition of rheumatoid arthritis and osteoarthritis for wound healing and treatments is expected to increase product demand further.
- The Marine Source segment is expected to grow in revenue over the predicted period.
- The largest application category was wound clothing due to the capacity of the product, by inhibiting metalloproteinase, for the treatment of chronic wounds.
- Asia Pacific is expected to see a remarkable CAGR in the near future as healthcare and cosmetics products in the region are rapidly being consumed.
- Most market players offering indigenous collagen are integrated into the value chain and also sell extracted products.
- In January 2019, Rousselot and Firmalis joined the Canadian Food Inspection Agency (CFIA) for 2019 as the sole official distributor of Peptan collagen solutions in France.
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The global Collagen market is segmented into:
Source Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Bovine
- Porcine
- Poultry
- Marine
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Bone Joint Reconstruction
- Wound Dressing
- Tissue Regeneration
- Cosmetics (Topical)
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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