Market Research Report
Europe Collagen Market Growth, Trends, and Forecasts (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||906917|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Europe Collagen Market Growth, Trends, and Forecasts (2019 - 2024)|
|Published: July 1, 2019||Content info: 90 Pages||
Europe collagen market is forecasted to grow at a CAGR of 5.29% during the forecast period (2019 - 2024).
Europe collagen market is segmented by source as animal-based collagen and marine-based collagen. The market is segmented by the applications of collagen as dietary supplements, meat processing, food and beverages, cosmetics & personal care, and other applications. The other applications of collagen includes beverages, medical care, biomaterial research, and packaging.
Collagen beauty supplements are believed to enhance skin strength and elasticity, thus providing anti-wrinkle effect to skin. Hydrolyzed collagen used in skin-care products enhances the appearance of dry or damaged skin by reducing flaking and restoring suppleness, thus they find wide application in skincare in the fast-growing Europe cosmetics industry. For instance, according to Cosmetics Europe, the personal care association, skin care had the highest market value among all the categories in the cosmetics industry in the European Union in 2017, Collagen is widely used in face masks, face creams, serums, and many other beauty products. Another segment, where collagen finds increased appliation in Europe is in the beauty drinks market. For instance, there are combinations of various beverages with a mix of collagen-based products, which claim to enhance skin and nail quality. For instance, Collagen Lift Paris PLUS+ is a drinkable bioactive collagen formula that is clinically proven to reduce wrinkles by up to 50% and improve hydration and elasticity of the skin.
Europe is characterized by a trend towards sports and fitness, due to which, the demand for fitness supplements is increasing. According to Sport England, sports participation in England increased in the last decade and around 3.3 million people participated in athletic sports by 2015-16. In fact, Iontec, an ingredient manufacturing company in Europe estimated the market for sports nutrition products in United Kingdom and Germany to be USD 0.8 billion and USD 0.3 billion respectively, which poses great potential of collagen as an ingredient in these products. Further, collagen is finding increased applications in protein supplements that can help to gain lean muscle mass, decrease recovery time, reconstruct damaged joint structure, and improve cardiovascular performances. For instance, Gelita AG manufactures a product Peptiplus, which has excellent solubility in cold water and is therefore ideal for the production of sports and protein drinks.
Some of the most active companies in the Europe collagen market include Nitta Gelatin, DSM Biomedical, and Weishardt. The market is fragmented with the presence of various regional and global players. Key players in the Europe collagen market are investing in R&D and are entering into mergers and acquisitions to enhance their product portfolios. Some of the leading market players are using strategies such as mergers and acquisitions, expansions, and partnerships. Some of the companies are also focusing on research for product innovations to launch different formulations of collagen with added benefits.