The global collagen market size was valued at US$ 9.75 billion in 2021. Demand for collage products in the cosmetic and aesthetic sectors has proved to be a boon for the growth of the market during the forecast period. An increase in the use of collagen in beverages and food items especially in the packaged food products sector has supported the market to a great extent. Cosmetics containing collagen as their content has seen used demand in the market.
Regional Snapshots
The European nation along with North America has seen an upgraded search in demand for collagen-containing cosmetic and aesthetic products. Developing nations such as India and China have also proved to be a huge market for the collagen sector. The use of collagen in skin tightening cosmetic products has helped the market to grow.
Report highlights
On the basis of the source, the collagen derived from the bovine source will have the largest share. It is available at low prices as compared to the marine source. The only concern that hampers the growth of the bovine collagen market is the risk of contracting diseases. Bovine-based raw materials oral a cheaper option as compared to the marine source. The quality of marine collagen is superior to that of a bovine source. The marine-based sources are expected to grow well during the forecast period due to their absorption rate and easy availability in nature. Marine-based sources happen to be more expensive as compared to the other sources. This restrains the growth of the market as compared to the other segments.
On the basis of the product, the gelatin segment will have a great demand which would be used as a food stabilizer. In order to increase the production of gelatin the countries like India and China or setting their foot on manufacturing gelatin. Fish is used as the raw material for the production of gelatin and therefore the fishing industry in these regions is expected to grow. There’s an increase in the consumption of gelatin in many developing nations due to major lifestyle changes.
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The health care segment has the largest market share. The use of collagen in the healthcare sector is gaining popularity due to its usage in bone repairing treatments. Escalation is helpful in boosting bone development it is used as filler in the health care industry. Apart from the health care segment the food and beverages segment is also expected to see a good market growth during the forecast period. There’s an increasing demand for collagen supplements in many developed nations doesn’t increase popularity of collagen supplements in developing nations too.
Source: CA.Sports