(I-BusinessNews.Com, May 30, 2021 ) The Collagen Market size is forecast to reach $5.3 billion by 2025, growing at a CAGR of 5.67% during the forecast period 2020-2025. Collagen is one of the most abundant proteins in the extracellular matrix of animal bodies. It is the main structural protein in the extracellular matrix in the various connective tissues in the body. Increasing end-use applications such as growing usage in the food and beverage industry along with an upsurge in demand from the cosmetics industry are the major factor driving the growth of the market. Rising consumer awareness for maintaining healthy skin along with inclination towards health-promoting supplements is set to further enhance the overall market demand for the Collagen Market during the forecast period 2020-2025.
Collagen Market Segment Analysis – By Product Type
The Gelatin held the largest share in the Collagen Market in 2019 and is estimated to grow at a CAGR of 6.24% during the forecast period 2020-2025. Gelatin is a protein product derived from collagen. It has important health benefits owing to its unique combination of amino acids. It plays a role in joint health and brain function and can improve the appearance of skin and hair. Collagen is the most plentiful protein found in humans and animals and is found almost everywhere in the body but is most abundant in the skin, bones, tendons, and ligaments. It provides strength and structure for tissues. Intervertebral discs are composed of an annulus fibrosus and a nucleus pulposus. The annulus fibrosus is a strong radial tire–like structure made up of lamellae, concentric sheets of collagen fibers connected to the vertebral end plates. The gelatin extracted during this process is flavourless and colourless. It dissolves in warm water and takes on a jelly-like texture when it cools. Sometimes, gelatin is processed further to produce a substance called collagen hydrolysate, which contains the same amino acids as gelatin and has the same health benefits. However, it dissolves in cool water and doesn’t form a jelly. This means it can be more palatable as a supplement to some people. Both gelatin and collagen hydrolysate are available as supplements in powder or granule form. Gelatin is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
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Collagen Market Segment Analysis – By Applications
Pharmaceutical & Healthcare held the largest share in the Collagen Market in 2019. Collagen is the most abundant and ubiquitous protein in animal origin, comprising approximately 30% of total protein. Factors such as changing lifestyles and an increasing population of working women are driving the demand for ready-to-eat collagen globally. It has a wide range of applications in the medical & pharmaceutical sector owing to its ability to reconstruct the bone. They are widely used in plastic surgeries, burn care, orthopaedics, wound care, dentistry, and cardiovascular practices. The increasing health and medical issues have led to the increasing use of collagen in medical applications. However, religious restrictions related to bovine- and porcine-derived collagens have allowed medicine manufacturers to opt for marine animals as a source of collagen. Nowadays, collagen is also sold as a pill that can be used as a supplement to help with joint mobility. Pharmaceutical & Healthcare is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025.
Collagen Market Segment Analysis – By Geography
North America dominated the Collagen Market in 2019 with a share of more than 37.89%, followed by Europe owing to the growth of various end-user industries such as healthcare, cosmetics, and food &beverage and the rising preference for health drinks among consumers.
However, Europe is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the presence of major sugar confectionery manufacturers such as Britannia Superfine and Astir and the high growth of the meat processing industry. High expenditure on industrial development by governing agencies and high investments in research and development activities to produce collagen-based products is increasing the growth of the collagen market in this region.
Collagen Market Drivers
The rising demand for convenience food and increasing awareness of collagen in the medical and healthcare industries
The rising demand for convenience food and increasing awareness of collagen in the medical and healthcare industries is increasing the growth of the Collagen Market. Gelatin is widely used as a gelling agent in the food and beverage industry. It offers gelling properties for manufacturing confectionery, desserts, yoghurt, and cheese. Rising confectionary products demand owing to the introduction of new flavours will have a positive impact on industry demand. The product is used for anti-ageing products owing to its skin-improving properties. Collagen is used to manufacture wound covers, which have a high demand as a dressing material for severe burns and sores. These wound covers can absorb tissue secretions, which results in faster healing of the affected area. Depending upon the degree of mineralization, collagen tissues can be either rigid or compliant or have a gradient from rigid to compliant. It is also abundant in corneas, blood vessels, the gut, intervertebral discs, and the dentin in teeth in muscle tissue, it serves as a major component of the endomysium. As a result, the demand for collagen is expected to increase in treatments involving human surgeries. Its wound dressings can be used for partial- and full-thickness wounds, wounds with minimal to heavy exudate, skin grafts, and skin donation sites, second-degree burns, granulating, or necrotic wounds, and chronic non-healing wounds. Thus, increasing the growth of the Collagen Market during the forecast period 2020-2025.
The increasing instances of cosmetic surgeries and advanced skin treatments
The increasing instances of cosmetic surgeries and advanced skin treatments are increasing the growth of the Collagen Market. Collagen is used in anti-ageing treatments and cosmetic surgeries. Increasing instances of cosmetic surgeries and the skyrocketing demand for cosmetic aid such as anti-ageing creams and others have paved the way for the robust growth of the collagen market. Thus, increasing the growth of the Collagen Market during the forecast period 2020-2025.
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Collagen Market Challenges
Concerns regarding the animal killing for obtaining collagen
Some of the factors that are set to impede the growth of the Collagen Market are the concerns regarding animal killing for obtaining collagen.
Collagen Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Collagen Market. In 2019, the Collagen Market share is consolidated by the top ten players present in the market. Collagen Market, the top 10 companies are DSM, Holista Colltech, Rousselot, Tessenderlo Group, et-chem, Ewald-Gelatine Gmbh, Advanced BioMatrix, Inc., Nippi Collagen NA Inc., Connoils LLC, Gelita AG, Gelnex, Junca Gelatines SL, Kenney & Ross Limited, Marine Gelatin, and Ashland among others.
Acquisitions/Product Launches
In July 2019, Gelita AG developed the first vegan gelling agent sheet form. The sheet based gelatin helps in providing flexibility to the finished goods. The expansion helps in increasing goodwill and generates revenue for the company in the market.
Key Takeaways
North America dominated the Collagen Market in 2019 owing to the growth of various end-user industries such as healthcare, cosmetics, and food and beverage and rising preference for health drinks among consumers. The Collagen Market scope for different regions will be provided in the final report.
The presence of a well-established meat processing industry, coupled with high expenditure on industrial development by governing agencies is likely to aid in the market growth of the Collagen Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Collagen Market report.
Concerns regarding the animal killing for obtaining collagen is poised to create hurdles for the Collagen Market.
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