(Food-Beverage-News.Com, September 24, 2019 ) The global collagen market is estimated at nearly USD 3.5 billion in 2018 and is projected to reach nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2%. The increase in the consumption of collagen products in the emerging markets of the Asia Pacific and South America has also contributed to an increase in the sales in the collagen industry. The demand in developing countries is driven by the increase in disposable income. Countries such as China and India have witnessed a substantial demand for collagen in recent years. The development of the healthcare industry, primarily in China and India, coupled with the increasing medical tourism in these economies, are likely to drive the market growth over the forecast period.
On the basis of product type, the market segmentation includes gelatin, hydrolyzed collagen, and native collagen. The gelatin segment is estimated to account for the largest share in the collagen market in 2018, and the same trend is projected to continue during the forecast period. Gelatin is widely used in foods to improve elasticity, consistency, and stability. It also helps to normalize gut hormones in obese people. Thus, due to rising health awareness, gelatin is being preferred by food manufacturers to produce nutritious food products. Gelatin is increasingly used in the food & beverage industry to make gummy candies, puddings, confectionery, gelatin desserts. It is also added in sauces and soups to thicken the consistency and provide a better product to the consumers. Nowadays, gelatin from fish and edible insects are also used as an alternative source, which is being accepted for kosher (Jewish) and halal (Muslim) products. Thus, wide usage of gelatin is driving the growth of the collagen market.
The global collagen market, on the basis of source, is segmented into bovine, porcine, and marine & poultry. The marine & poultry segment is projected to witness the fastest growth from 2018 to 2023. The demand for collagen protein in food products is one of the major factors driving the demand for marine collagen in the global collagen market. Marine collagen is a fibrous protein derived from different parts of marine animals such as fish, jellyfish, sponge, Mollusca, and other invertebrates. Marine collagen is better, in terms of health benefits and bioavailability, as compared to bovine or porcine collagen types. Glycine, proline, and hydroxyproline are the predominant amino acids found in marine collagen. Short amino chains promote high bioavailability; they help the peptides to pass through the intestinal wall into the bloodstream easily. Increase in the consumption of processed and health-based food products is also driving the marine collagen market. Additionally, the demand for processed food products in developing countries is driven by the increase in the disposable income of consumers.
Based on application, the market segmentation includes food & beverages and pharmaceutical & healthcare. The food & beverages segment is projected to witness the fastest growth from 2018 to 2023. The increasing health awareness and rising purchasing power of consumers have led to the increased usage of collagen by manufacturers in premium food & beverage products. Among all the food & beverage food items, nutritional products hold the maximum market share. This is due to the rise in demand for sports and nutritional products and an increase in protein intake by athletes and fitness enthusiasts.
The collagen market in ROW is projected to witness the fastest growth between 2018 and 2023. Rapid innovations in the healthcare industry and increasing demand from the pharmaceutical industry to provide better medicines are driving the collagen market in the region, as collagen is used in medicines to cater for better treatment. Collagen also has wide potential applications in the treatment of various diseases such as diabetes and is currently used in various medicines for this purpose. These factors are driving the market growth of collagen in RoW.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com
