Collagen Global Market Report 2023: Introduction of Plant Sources of Collagen Presents Opportunities
DUBLIN, March 6, 2023 /PRNewswire/ -- The "Collagen Market by Product Type (Gelatin, Hydrolyzed Collagen, Native Collagen), Application, Source (Bovine, Porcine, Poultry, Marine, and Plant Sources), Form, Type, Extraction Process and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the global collagen market size is estimated to be valued at USD 4.7 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, recording a CAGR of 5.3% during the forecast period in terms of value. The collagen market has been influenced by macroeconomic and microeconomic factors in a few key countries worldwide. This would prove potential enough to significantly drive the market, in terms of value sales, during the forecast period. Rising consumer awareness regarding the health benefits offered by collagen is a significant factor driving the demand for collagen.
By source, the bovine segment occupies the largest market share during the forecast period
Based on the source, bovine accounted for the largest market share among all other segments. Collagen from bovine is high in protein content, has high-water solubility, and has low molecular weight. As a result, manufacturers are increasing their usage in the food & beverage industry to offer more nutritious products to their consumers. Nowadays, bovine collagen supplements derived from cow hides are highly available in stores. Key players include Darling Ingredients (US), Gelita AG (Germany), Nitta Gelatin N.A Inc. (Japan), and others are offering a range of bovine collagen under their product portfolio.
By application, pharmaceutical is forecasted to account for the fastest growing segment during the forecast period
Collagen has a wide range of applications in the medical & pharmaceutical sectors due to its ability to reconstruct bone. Biotechnological advancements have discovered the utilization and incorporation of collagen in pharmaceutical applications as bioactive compounds or functional biomaterials. The main applications of collagen as drug delivery systems are collagen shields in ophthalmology, sponges for burns/wounds, mini-pellets and tablets for protein delivery, gel formulation in combination with liposomes for sustained drug delivery, as controlling material for transdermal delivery, and nanoparticles for gene delivery and basic matrices for cell culture systems.
By product type, gelatin market is forecasted to propel the market
Gelatin is used in various industries for different applications such as bakery & confectionery products, functional beverages, ice creams, dairy products, health & protein supplements, soft gels & hard capsules, as well as cosmetic products. It is a type of hydrocolloid used to provide the desired properties to food products. With the rising health consciousness among consumers, the demand for functional beverages and health supplements is on the rise. The growing trend of adopting healthy lifestyles is a major driver for the gelatin market.
The Asia Pacific region is projected to account for the fastest market share in the collagen market during the forecast period
The Asia Pacific is the fastest growing market as the collagen market has been driven by the rising demand for collagen as a significant component in numerous applications, including dietary supplements, culinary additives, drinks, and meat products. The market of the Asia Pacific is in the emerging stage with the presence of key players, including Nitta Gelina Inc. (Japan), Nippi Collagen NA (Japan), Titan Biotech Ltd. (India), and others.
The market is also witnessing fierce competition owing to the entry of local market players. The Asia Pacific region has also witnessed multiple strategic initiatives taken by key players, including new product launches and investments to support market growth. For instance, in 2020, Nitta Gelatin NA (Japan) introduced Replenwell, a new line of collagen peptide ingredients, to its Wellnex portfolio. Hence, this region can pull the market attractiveness during the forecast period.
Market Dynamics
Drivers
- Increasing Demand for Collagen-Based Cosmetics Among Consumers Globally
- Rising Consumption of Collagen-Content Foods & Beverages Globally
- Growing Applications of Collagen in Medical & Pharmaceutical Industry
Restraints
- Cultural Restrictions Prohibiting Consumption of Animal-Sourced Foods & Beverages
- Allergies from Animal-Derived Collagen Products
Opportunities
- Immense Opportunities in Developing Economies
- Introduction of Plant Sources of Collagen Products Globally
Challenges
- Insufficient Processing Technologies
- Lack of Awareness Among Consumers About Benefits of Collagen
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Collagen Market, by Product Type
7.1 Introduction
7.2 Gelatin
7.2.1 Increasing Demand in Food & Beverage Sector to Augment Market
7.3 Hydrolyzed Collagen
7.3.1 Wide Use of Hydrolyzed Collagen in Skincare and Cosmetics to Drive Market
7.4 Native Collagen
7.4.1 Wide Usage of Native Collagen for Hair and Skin Care Products to Fuel Market
7.5 Other Product Types
8 Collagen Market, by Application
8.1 Introduction
8.2 Nutritional Products
8.2.1 Dietary Supplements
8.2.2 Sports Nutrition
8.3 Food & Beverage Products
8.3.1 Snacks, Soups, and Sauces
8.3.2 Dairy Products
8.3.3 Beverages
8.3.4 Meat & Poultry Products
8.3.5 Confectionery Products
8.3.6 Pet Food
8.3.7 Other Food & Beverage Products
8.4 Pharmaceutical Products
8.4.2 Collagen in Wound Healing
8.5 Cosmetics & Personal Care Products
8.6 Medical Devices & Research Grades
8.6.2 Collagen in Cardiology
8.6.3 Collagen in Medical Implants
8.6.4 Collagen in Tissue Regeneration
9 Collagen Market, by Source
9.1 Introduction
9.2 Bovine
9.3 Porcine
9.4 Poultry
9.5 Marine
9.6 Plant Sources
10 Collagen Market, by Form
10.1 Introduction
10.2 Dry
10.2.1 Powder
10.2.2 Fiber
10.2.3 Sponge
10.3 Liquid
11 Collagen Market, by Type
11.1 Introduction
11.2 Type I
11.3 Type II
11.4 Other Types
12 Collagen Market, by Extraction Process
12.1 Introduction
12.2 Chemical Hydrolysis
12.3 Enzymatic Hydrolysis
12.4 Ultrasound
12.5 Acid/Alkali Hydrolysis of Gelatin
13 Collagen Market, by Region
14 Competitive Landscape
15 Company Profiles
16 List of Customers
17 Adjacent and Related Markets
18 Appendix
Companies Mentioned
- Amicogen
- Ashland Global Holdings Inc.
- Athos Collagen Pvt. Ltd.
- Biocell Technology, LLC
- Collagen Matrix
- Collagen Solutions
- Copalis
- Darling Ingredients
- Divit Nutraceuticals Pvt. Ltd.
- Evonik Industries
- Ewald Gelatin GmbH
- Gelita Ag
- Gelnex
- Holista Colltech Ltd.
- Kayos
- Lapi Gelatine Spa
- Nippi Collagen Na Inc.
- Nitta Gelatin Na Inc.
- Royal Dsm N.V.
- Sysmatese
- Tessenderlo Group
- Titan Biotech Ltd.
- Vinh Hoan Corp.
- Vital Protein LLC
- Weishardt Holding Sa
For more information about this report visit https://www.researchandmarkets.com/r/aevu10
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