Collagen market globally is anticipated to reach USD 7.73 billion by 2027; growing at a CAGR of 7.2% from 2020 to 2027. In terms of volume, the global collagen market would foresee a CAGR of 5.3% from 2020 to 2027. Collagen is a protein found inside various connective tissues of a mammal’s body in abundance. It is an essential component in food products and the healthcare industry. It has high nutritional qualities which leads to skin and health benefits in a body. Further, outbreak of COVID-19 has led to increased health awareness among people at a larger scale. As a result, people are now keen towards buying tropical fruits, bone broth and citrus fruits among others. Consumption of such products helps the body to produce collagen reducing skin and hair problems again leading to rise of the market.
Scope and Segmentation of the market
The report has been compiled through extensive research and analysis. The scope of global collagen market is widely expanded to the industry namely food and beverages, pharmaceuticals, cosmetics and other supplements. This report explains the key players who are dominant in the market and also about the market dynamics impacting the market. The segmentation covered under the scope of global collagen market is by product which is further segmented into Gelatin, Hydrolyzed Collagen, Synthetic Collagen, Native Collagen and Others, by source market which is bifurcated into Bovine, Porcine, Marine, Poultry and others. Further, by dosage, by the dosage form, the market is segmented into Liquid, Powder, Capsule/Tablets and others and by application, the market is categorized into food and beverages, skin care and cosmetics, nutraceuticals, healthcare and pharmaceuticals. By geography, the major geographies cover under the scope of the study is North America, Europe, Asia Pacific and Rest of the world (RoW). The key countries across these major geographies are also covered under the scope of the study.
One of the major drivers in the global collagen market is the health awareness among people and as a result it has promoted more number of industries and has applications across industries such as healthcare, skincare supplements, healthy food and beverages like meat, desserts and other products which help a human body in creation of collagen, thus resulting in the growth of overall collagen market. Also, rising personal grooming trends has enhanced the statistics of collagen industry. One of the major restraints in this market is that the industry is regulated by rules and laws which govern animal based raw materials used in collagen production. Hence, animal killing for obtaining collagen is also a major issue. Also, lockdowns have impacted manufacturing as a result which has also affected supply chains Opportunities are coming up for the pharmaceuticals and nutraceuticals because of increase in coronavirus cases which is creating a need to boost immunity of a person.
Key Players of Global Collagen Market
The key players in the global collagen market are Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group (France), Darling Ingredients (US), and Nippi Inc. (Japan), Weishardt International, Rousselot B.V, Collagen Matrix Inc., Koninklijke DSM N.V., CONNOILS LL and Advanced BioMatrix, Inc., ChinaTech Peptide Co. Ltd, Amicogen Inc., and Norland Products Inc. among others.
Market Scope and Segmentation of Global Collagen Market:
By Dosage Form