18-Jun-2024 | Zion Market Research
The global collagen market was valued at almost USD 5.28 billion in 2023 and is expected to cross a value of almost USD 11.89 billion by 2032, with a CAGR of 9.56%. The rising awareness of collagen in the healthcare & medical industries and the increasing requirement for convenience food are the major boosting factors for the global market. However, the cultural limitations owing to the employment of animal skin are predicted to hamper the growth of the market.
The major players in this market compromise Nitta Gelatine, Inc., Gelita AG, Darling Ingredients, Weishardt Group, Vinh Hoan Corporation, Nippi Inc., Lapi Gelatine S.p.a., Juncà Gelatines, S.L, Vital Proteins, Gelnex, RABJ Co., Ltd, Baotou Dongbao Bio-Tech Co., Ltd., Nutra Food Ingredients, Connoils, and Italgelatine S.P.A. These companies are aiming to enhance their attendance by undertaking expansions, acquisitions, and developing goods specific to the needs of users and their likings. These firms have a solid foothold in North America and Europe.
Bovine Segment Expected To Add Up For The Biggest Share In The Market In The Years To Come
Based on the source type, the bovine segment is expected to add up for the biggest share of the global collagen market in the years to come. Bovine collagen is discovered in cows; it is a protein present in the connective tissues, cartilage, hides, and bones of cows. The cows’ collagen is analogous to the collagen in humans. Bovine collagen is full of type III and I collagen. This kind of collagen advantages the skin, nails, eyes, tendons, muscles, hair, blood vessels, and bones. It is rich in protein and has functions such as low molecular weight and improved water solubility. Consequently, makers are more and more employing it in the food & beverage sector, to provide more nutritious goods to their users.
ROW Market Expected To Develop At The Maximum CAGR In The Years To Come
The ROW market is predicted to see the quickest development in the years to come. The collagen market in these areas is undergoing noteworthy development owing to the development of the cosmetic sector. Enhanced standard of living, increasing per capita revenue, and a rising number of working females have elevated the sales of cosmetics. There has also been a noteworthy requirement among male users for grooming and cosmetics products regularly, which has affected positively on the development of the collagen market. Moreover, there has been a rising inclination toward beauty supplements as well as food products having collagen for beauty advantages owing to their moisturizing and anti-aging impact on the skin. The increasing awareness related to health supplements and nutraceuticals is one of the major boosters for the development of the collagen market. Owing to these factors, the market in ROW is predicted to undergo positive development.
Browse the full “Collagen Market By Product Type (Gelatin, Hydrolyzed Collagen, and Native Collagen), By Source Type (Bovine, Porcine, and Marine & Poultry), By Application (Food & Beverages, Pharmaceutical & Healthcare, and Others) - Global Industry Perspective Comprehensive Analysis And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/collagen-market
The global collagen market is segmented as follows:
By Product Type
By Source Type
By Application
By Region
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