(PharmaNewsWire.Com, July 02, 2024 ) Collagen Market was valued at USD 1.24 billion in 2023 and is expected to reach USD 2.31 billion by 2032, with a CAGR of 7.16 %.
Pune, 1, July 2024: The Collagen Market was valued at USD 1.24 billion in 2023 and is expected to reach USD 2.31 billion by 2032, with a CAGR of 7.16 %.
Collagen, the predominant structural protein in the human body, forms 75% of the skin's support framework. With at least 28 types sourced from various tissues, types I and III are abundant in skin and bone, while type II predominates in cartilage alongside chondroitin sulfate and hyaluronic acid. Type II, due to its unique composition and scarcity, holds higher value. Collagen-based supplements and skincare products are gaining popularity, driving growth in pharmaceuticals, food, and cosmetics. Industry efforts align with regulatory standards, fostering innovation. Increasing consumer preference for collagen-derived products fuels market expansion across sectors. Recent trends highlight a significant rise in consumer demand for collagen-based products across pharmaceuticals, food, and cosmetics. This surge is driven by growing awareness of collagen's benefits for skin elasticity, joint health, and overall well-being. Manufacturers are innovating within industry guidelines to meet this demand, developing new formulations and applications. In pharmaceuticals, collagen's therapeutic potential is being explored for wound healing and tissue regeneration. In food, collagen is increasingly used in functional beverages and dietary supplements aimed at promoting skin health and joint function.
Collagen Market Dynamics
Collagen has gained popularity across various sectors, including cosmetics and dietary supplements, due to its ability to counteract skin aging effects like wrinkles and moisture loss. The increasing global smoking population indirectly boosts this market, as smoking accelerates collagen breakdown. With over 1.3 billion tobacco users worldwide, predominantly Gen Z and millennials concerned about skin health, the collagen market is poised for significant growth. Studies show oral collagen supplementation can mitigate UVB-induced skin aging, enhancing elasticity and hyaluronic acid levels. Furthermore, collagen supports heart health by maintaining artery structure and improving HDL cholesterol levels, crucial for preventing atherosclerosis. Studies also highlight collagen's role in joint health, reducing pain and inflammation. As lifestyles change and demand for functional food ingredients rises, especially in emerging markets like APAC, MEA, and South America, opportunities abound for market expansion. This trend underscores collagen's potential across diverse health and wellness applications.
In North America, the collagen market is poised for significant growth. Sales of collagen ingredients in the U.S. mainstream supplements market surged by 56%, reaching $241 million in the year ending October 31, 2021, up from $154 million the previous year, according to SPINS multioutlet channel data by IRI. Collagen now ranks 23rd among the top 25 popular functional ingredients. Additionally, sales in the U.S. natural supplements channel grew by 7% to $67 million, elevating collagen to the 2nd position in the natural channel's top 25 bestselling functional ingredients. This robust demand underscores the region's leadership in driving collagen market expansion.
Collagen Market Segment Analysis
By Source
Bovine Porcine Poultry & Marine Based on the Source, the market is segmented into Bovine, Porcine, Poultry & Marine. Poultry and Marine are expected to dominate the Collagen Market during the forecast period. The marine and poultry segment is poised for significant growth, projected to achieve the highest CAGR during the forecast period. This growth is driven by rising demand for marine-derived collagen in healthcare and dietary supplements. Research from the University of Salento highlights marine collagen as a valuable "blue resource," gaining scientific and industrial attention in sectors such as food, medicine, pharmaceutics, and cosmetics. Marine collagen offers various benefits, including enhancing cell proliferation, wound healing, and inflammation reduction, aiding mineral absorption, inhibiting bacteria, acting as an antioxidant, and supporting weight management and type 2 diabetes control. These benefits contribute substantially to the segment's expansion.
Gelatin Hydrolyzed Collagen Native Collagen Others By Application
Healthcare Food & Beverage Cosmetics Others
GLOBAL COLLAGEN MARKET BY REGION
NORTH AMERICA USA Canada Mexico EASTERN EUROPE Russia Bulgaria The Czech Republic Hungary Poland Romania Rest Of Eastern Europe WESTERN EUROPE Germany United Kingdom France The Netherlands Italy Spain Rest Of Western Europe ASIA PACIFIC China India Japan South Korea Malaysia Thailand Vietnam The Philippines Australia New-Zealand Rest Of APAC MIDDLE EAST & AFRICA Turkey Bahrain Kuwait Saudi Arabia Qatar UAE Israel South Africa SOUTH AMERICA Brazil Argentina Rest of South America
Baotou Dongbao Biotechnology Co. Ltd. (China) ConnOils LLC (US) Darling Ingredients Inc (US); Gelita AG (Germany) Gelnex (Brazil) ITALGEL S.r.l. (Italy) Lapi Gelatine S.p.a. (Italy) Nippi Inc. (Japan) Nitta Gelatin (India) Nutra Food Ingredients (US) Rabj Co. Ltd (Thailand) Vinh Hoan (Vietnam) Vital Proteins (US) Weishardt Group (France) and other major players.
Key questions answered in the Collagen Market report are:
Which market segment dominated the global Collagen market in 2023? What are the current global trends in the Collagen market? What future industry applications and trends are emerging in the Collagen market? What growth strategies are companies adopting to expand their presence in the Collagen market? Who are the leading companies in the Collagen market, and what are their product portfolios? What are the primary challenges that the Collagen market may face in the future? Which region had the largest share of the Collagen market in 2023? How is the regulatory environment influencing the Collagen market?
Key Offerings:
Market Size, Share, Size & Forecast by Different Segments | 2024−2032 Collagen Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region Market Trend Analysis Pestle Analysis Porter’s Five Forces Analysis Industry Value Chain Analysis Ecosystem Regulatory Landscape Price Trend Analysis Patent Analysis Technology Evolution Investment Pockets Collagen Market Segmentation Competitive Landscape – Profiles of selected key players in a strategic perspective Competitive landscape – Competitive Benchmarking, Collagen Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions Analyst Viewpoint and Conclusion Introspective Market Research, a prominent Healthcare research firm, has released the following reports:
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