DUBLIN–(BUSINESS WIRE)–May 4, 2022–
The collagen market was valued at US$ 4,120.19 million in 2021 and is projected to reach US$ 7,205.03 million by 2028. It is expected to grow at a CAGR of 8.3% from 2021 to 2028
The report includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.
Collagen has a wide range of applications in the personal care industry. It is used in skincare products that provide anti-aging benefits. Thus, the surging applications of collagen across food & beverage, pharmaceuticals & nutraceuticals, personal care, among other industries, are projected to drive the collagen market growth.
Based on product type, the collagen market is segmented into gelatin, hydrolyzed collagen, and native collagen. The gelatin segment accounted for the largest market share in 2020. Gelatin is the denatured form of collagen. It is obtained from animal byproducts such as skin, bones, hides, tendons, and cartilage of cattle, pigs, or marine animals. Gelatin is either available in powder form or is pressed into sheets.
Gelatin is widely used as a gelling agent, stabilizer, and thickening agent in various foods and beverages. There are vegetarian alternatives of gelatin such as pectin, xanthan gum, guar, and gum, but they do not resemble the properties of gelatin. Gelatin is also used in making anti-aging creams and lotions attributed to its skin-nourishing properties. Thus, the growing utilization of gelatin for a wide range of applications is driving the growth of the segment.
In 2020, Europe held the largest share of the global collagen market, whereas Asia Pacific is projected to register the fastest growth over the forecast period. Changing lifestyle preferences in Europe is having a significant impact on the collagen market in Europe. People are increasingly consuming products that provide functional benefits.
With the rise in health awareness among consumers, the demand for collagen products continues to grow. Moreover, the presence of prominent collagen manufacturers in Europe, including Gelita AG, Protein SA, and Ewald-Gelatin GmbH, is propelling the growth of the collagen market .
Furthermore, Europeans are highly reluctant to animal-derived products due to growing awareness related to animal protection and rapidly emerging veganism. Therefore, collagen manufacturers are developing plant-based or vegan-friendly collagen to meet the emerging consumer trends. Such innovations are further expected to open lucrative growth opportunities for the collagen market across Europe over the coming years.
The leading players in the collagen market include Gelita AG; Gelnex; Junca Gelatines, SL; Lapi Gelatine SpA; Nippi Inc.; Nitta Gelatin, Inc.; Nutra Food Ingredients; RABJ Co., Ltd.; Vihn Hoan Corporation; and Weishardt.
- Wide Scope of Application
- Increasing Prevalence of Osteoporosis
- Safety Concerns Related to Collagen Consumption
- Surging Demand for Collagen in Personal Care Products and Nutricosmetics
- Gelita AG
- Lapi Gelatine Spa
- Ewald-Gelatine GmbH
- Rabj.Co. Ltd
- Vinh Hoan Corporation
- Protein SA
- Nippi Inc.
- Nitta Gelatin Inc.
Laura Wood, Senior Press Manager
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INDUSTRY KEYWORD: FITNESS & NUTRITION HEALTH OTHER HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 05/04/2022 12:50 PM/DISC: 05/04/2022 12:51 PM
Copyright Business Wire 2022.