PUBLISHER: Inkwood Research | PRODUCT CODE: 1072711
PUBLISHER: Inkwood Research | PRODUCT CODE: 1072711
The Asia-Pacific medical collagen market is expected to record a CAGR of 7.00% during the forecast period, 2022-2030. The beauty & personal care industry is booming in the region, and is inclusive of collagen as an ingredient in their face wash, shampoo, and creams, which is vastly accepted by consumers. This is attributed to collagen's beneficial properties.
Taiwan, Australia & New Zealand, Singapore, Indonesia, China, India, South Korea, Japan, and Rest of Asia-Pacific are assessed for the Asia-Pacific medical collagen market growth analysis. Japan is emerging as a lucrative market for collagen products, given their increasing consumption among the female population with regard to keeping the skin young, wrinkle-free, and fresh. Almost every household in Japan has products containing collagen, including shampoos, face masks, and face creams. In addition, the products by the domestic companies are leading the market.
In Indonesia, the increasing use of collagen products has facilitated business expansions among the key market players. For instance, a UK-based company, Collagen Solutions, launched 'ChondroMimetic,' a new product in Indonesia after signing the license and distributor agreement, in 2019. It is a scaffold that is surgically (minimally-invasive) placed for repairing knee cartilage.
In Australia, collagen supplements are increasingly incorporated into diets. Additionally, companies are collaborating to offer optimal products and services for consumers. New Zealand offers lucrative growth opportunities due to the growing popularity of collagen in the country. Moreover, the rising awareness has increased the consumption of collagen in countries like North Korea, Cambodia, Malaysia, Bangladesh, etc.
Some of the eminent market players include Nippi Inc, Symatese, Stryker, Nitta Gelatin, etc.