USD 9.23 billion
Report ID:
SQMIG30C2078 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
149
|Figures:
80
Global Collagen market size was valued at USD 9.23 billion in 2022 and is poised to grow from USD 10.20 billion in 2023 to USD 22.67 billion by 2031, at a CAGR of 10.5% during the forecast period (2024-2031).
Collagen use is expanding quickly across a variety of industries, which is attracting consumers to nutrient-rich goods. The market's main growth drivers during the forecast period are the materials and the rising demand for collagen-containing products in the healthcare industry. The market has expanded quickly thanks in part to the use of collagen in culinary products. Collagen is a protein with a fibrous shape that the body produces from extracellular matrix. Comparing this protein to the others, it is primarily insoluble. Most importantly, amino acids, arginine, and glycerine aid in the synthesis of this protein. The promotion of brain cells is where it shows its primary advantage. By halting the loss of bone tissue, the health of the bone is also significantly preserved. Collagen helps to relieve joint discomfort by reducing the friction that occurs between the bones during various movements.
Moreover, collagen significantly improves the quality of keratin-containing body components like hair and nails. It significantly supports the skin tissue cells' suppleness and toughness. The use of items from animal sources is specifically forbidden by several religions, which hinders the market's expansion throughout the forecast period. The market has been forced to contend with inadequate technologies, particularly in developing nations, when it comes to processing various items. Moreover, The majority of health supplements that are utilized primarily for facilitating and growing muscles contain collagen. Over the projection period, this market offers a significant chance for the market to expand. The consumption of protein-rich diets has greatly expanded as a result of people's improved health awareness. Also, due to the pandemic's increased public knowledge of health issues, people are now choosing healthier alternatives to unhealthy foods and drinks. The nutritional worth of the various food products is given more consideration than current trends. It is anticipated that during the projected period, this rising health consciousness will offer significant potential for the expansion of the collagen market.
US Collagen Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.23 billion
Largest Segment
Liquid
Fastest Growth
Liquid
Growth Rate
10.5% CAGR
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Global Collagen Market is segmented based on source, product, application, form, type and region. Based on source the Collagen Market is segmented into Bovine, Marine, Porcine, Poultry, and Plant Sources. Based on product, the market is segmented into Gelatin, Hydrolyzed collagen, Native collagen, Synthetic collagen, and other. Based on application, the market is segmented into Food and Beverage, Pharmaceuticals, Nutraceuticals, Healthcare, Cosmetics, and others. Based on form, the Collagen Market is segmented into dry and liquid. Based on type, the market is segmented into Type 1, Type 2, and other. Based on region the global Collagen Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Collagen Market Analysis by Form
The liquid segment dominated the global market in 2022. Collagen is more soluble in liquid form than other proteins. They are applicable to a variety of concentrations. In general, liquid collagen supplements contain less collagen per serving than their powdered counterparts. With lower protein concentrations, all collagens exhibit nearly the same low viscosity regardless of their average molecular weight. While the viscosity also rises with an increase in concentration. It changes from watery to liquids that resemble syrup. Protein bars and beverages use them as varying agents.
Collagen Market Analysis by Source
The bovine segment dominated the global market. This type of collagen is derived from cows and is commonly used in food and beverage products, such as protein bars, supplements, and bone broths. Bovine collagen is also used in cosmetics and medical applications, including wound dressings, surgical implants, and tissue regeneration.
The Marine segment is expected to grow at the fastest CAGR. Collagen from fish and other marine sources is becoming increasingly popular due to its sustainability and high bioavailability. Marine collagen is commonly used in dietary supplements, skincare products, and nutraceuticals.
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The Asia Pacific region is anticipated to dominate the global market. This is attributed to the quick economic growth of important countries like China and India, which are predicted to boost the industry. A well-established meat processing business will probably raise the level of captive consumption output in local economies. Additionally, it is anticipated that throughout the course of the forecast period, demand for products will increase as surgical formulations and films based on collagen become more and more in demand. The market's second-largest regional sector is Europe. The production of patches for bone and tissue restoration using high-quality collagen is anticipated to fuel market expansion. Moreover, it is anticipated that the market would rise during the projected period due to the rising demand for purified collagen used in the production of collagen meat casings.
The North American collagen market is expected to see significant growth due to the growing demand for collagen in the food and beverage, cosmetic, and healthcare industries. The United States is the largest market for collagen in North America.
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Collagen Market Drivers
Collagen Market Restraints
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The global collagen market is highly competitive, with several key players operating in the market. The collagen market is highly fragmented, with several small and medium-sized players operating in the market. However, the market is expected to consolidate in the coming years, with larger players acquiring smaller ones to expand their product portfolios and strengthen their market positions.
Collagen Market Top Player’s Company Profiles
Collagen Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global collagen market analysis, we found that increasing applications in healthcare industry, several benefits offered by collages in food and beverages industry, increasing application of collagen in personal care, and rising arthritis prevalence across the globe are several factors driving the market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.23 billion |
Market size value in 2031 | USD 22.67 billion |
Growth Rate | 10.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Collagen Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Collagen Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Collagen Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Collagen Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Collagen Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30C2078
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