Global Collagen Market Size, Share, Growth Analysis, By Source(Bovine, Marine), By Product(Gelatin, Hydrolyzed collagen), By Application(Food and Beverage, Pharmaceuticals), By Form(Dry and Liquid), By Type(Type 1, Type 2) - Industry Forecast 2024-2031

Global collagen market size was valued at USD 9.23 billion in 2022 and is poised to grow from USD 10.20 billion in 2023 to USD 22.67 billion by 2031, at a CAGR of 10.5% during the forecast period (2024-2031)

The use of collagen is rapidly expanding across various industries, drawing consumers towards nutrient-rich products. Key growth drivers for the market during the forecast period include advancements in materials and the growing demand for collagen-infused products in the healthcare sector. Collagen's inclusion in culinary products has notably contributed to the market's swift expansion. Collagen, a protein with a fibrous structure, is naturally produced by the body from the extracellular matrix and is primarily insoluble compared to other proteins. Essential amino acids like arginine and glycine play crucial roles in its synthesis, offering benefits such as promoting brain cell function and preserving bone health by preventing tissue loss. Additionally, collagen significantly enhances the quality of keratin-rich components in the body, such as hair and nails, while also supporting skin tissue elasticity and resilience. However, the market faces challenges related to dietary restrictions in certain religions, limiting the use of animal-derived collagen sources. Moreover, inadequate processing technologies, particularly in developing countries, hinder market expansion. Furthermore, the market presents significant opportunities for growth, especially in health supplements aimed at muscle facilitation and growth, driven by the increasing consumption of protein-rich diets and heightened awareness of health issues, particularly due to the pandemic. As consumers prioritize nutritional value over current trends, the rising health consciousness is expected to fuel the expansion of the collagen market during the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the global collagen market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Collagen Market Segmental Analysis

Global collagen market is segmented based on source, product, application, form, type and region. By source, the market is segmented into bovine, marine, porcine, poultry, and plant sources. By product, the market is segmented into gelatin, hydrolyzed collagen, native collagen, synthetic collagen, and other. By application, the market is segmented into food and beverage, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and others. By form, the market is segmented into dry and liquid. By type, the market is segmented into type 1, type 2, and other. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Collagen Market

The utilization of collagen in cosmetic surgery is continuously evolving due to the growing preference for these procedures among the public. For instance, both surgical and non-surgical facial plastic surgery procedures witnessed a significant increase in 2021. According to the American Academy of Facial Plastic and Reconstructive Surgery, the number of these procedures exceeded 1.4 million in 2021, with plastic surgeons performing an average of 600 more procedures compared to 2020. Apart from cosmetic applications, collagen finds extensive use in bone restoration, wound healing, and various dental, orthopedic, and surgical procedures.

Restraints in the Global Collagen Market

Collagen is widely utilized across various industries such as food, pharmaceuticals, cosmeceuticals, and nutraceuticals. However, it is important to note that collagen is primarily sourced from animal byproducts obtained from the slaughter of animals like cattle, pigs, fish, and poultry, including their bones, hides, and hooves. Individuals who adhere to specific dietary restrictions or cultural beliefs, such as those in Muslim or Hindu communities, may avoid consuming products derived from certain animals. For instance, pork and its byproducts are strictly prohibited in Muslim communities, while cows are considered sacred in Hinduism, leading to restrictions on consuming beef-derived products. Consequently, regions with predominant adherence to these cultural norms may exhibit lower demand for collagen derived from specific animal sources. These cultural and regional perspectives can occasionally limit the growth of the collagen market.

Market Trends of the Global Collagen Market

Collagen plays a crucial role in regenerative medicine, aiding in tissue repair and regeneration. In applications like tissue engineering and wound healing, collagen-based scaffolds and matrices are utilized extensively. As the need for effective solutions in tissue repair and regeneration continues to rise, the demand for collagen-based products is anticipated to grow in the foreseeable future.