Market Research Report
Global Collagen Market Size study, by Source, Product, Application and Regional Forecasts 2021-2027
|Published by||Bizwit Research & Consulting LLP||Product code||1009697|
Delivery time: 2-3 business days
|Global Collagen Market Size study, by Source, Product, Application and Regional Forecasts 2021-2027|
|Published: June 5, 2021||Content info:||
Global Collagen Market is valued approximately USD 5.09 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.70 % over the forecast period 2021-2027. Collagen is a protein that is insoluble, stiff, and fibrous, and it gives strength and structure. Collagen is present in extracellular matrix and is released by many cells, primarily connective tissue cells. Collagen supports healing and serves as a foundation for new tissue formation. Rising product penetration in cosmetics, healthcare, and pharmaceuticals is expected to fuel the market growth. The food and beverage sector is projected to play a significant role in driving up demand for gelatin and hydrolyzed collagen. Increasing demand for collagen in the cosmetic industry can be attributed to its ability to enhance skin elasticity, raise skin hydration, and minimize wrinkles, which can lead to an increase in demand for collagen in the cosmetic industry. According to the article published by MedAlertHelp, in 2019, the worldwide cosmetics industry was worth $532 billion. According to an Organic Trade Association (OTA) study, organic food sales grew by 5.9 percent in 2019 while organic beverage sales surged by 13.5 percent. However, possibility of disease transmission from an animal-based collagen product and availability of alternatives for animal-derived ingredients hinders the growth of the market over the forecast period of 2021-2027. Also, production of innovative collagen applications for a variety of therapeutic purposes and incorporation of collagen in various medical supplements and products is likely to increase the market growth during the forecast period.
The regional analysis of global Collagen market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the most significant region across the world in terms of market share owing to the growing demand of health drinks and increasing consumption of gummy confectionery products. Whereas, Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2021-2027. Factors such as well-established meat processing industry, increasing healthcare sector and research and development in collagen based product market would create lucrative growth prospects for the Collagen market across Asia-Pacific region.
Major market player included in this report are:
Junca Gelatines SL
Beyond Biopharma Company, Ltd.
Collagen Solutions Plc
Cologenesis Healthcare Pvt. Ltd.
Collagen Matrix, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Food & Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Collagen Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures