Global Collagen Market Is Projected To Touch New Height Of $4.6 Billion By 2023 | Pharmaceutical & Healthcare Segment Grow At the Highest CAGR

CITY – Northbrook, Country -USA, 2020-Mar-06 — /EPR Network/ —

The global collagen market size is estimated to account for nearly USD 3.5 billion in 2018 and is projected to reach a value of nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2% from 2018. This is due to the increasing use of collagen and collagen proteins in the medical and pharmaceutical industries.

Increase in demand for collagen and collagen products in the food & beverage and cosmetic industry has encouraged manufacturers to provide better protein-based products, which in turn, has contributed to the market growth.

Browse 95 market data Tables and 34 Figures spread through 125 Pages and in-depth TOC on “Collagen Market – Global Forecast to 2023”

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.

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.

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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.

GELITA AG (Germany) is also one of the leading manufacturers and supplier of collagen proteins for various applications such as food, health & nutrition, pharmaceutical, specialties and fat, and protein & minerals. The company manufactures and focuses on three major products, namely, gelatin, collagen peptides, and collagen.

Scope of the Report:-

On the basis of Source

• Cattle hide & bones
• Pigskin
• Poultry & fish

On the basis of Region

• North America
• Europe
• Asia Pacific
• Rest of the World

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• Probiotic Ingredients Market – https://www.marketsandmarkets.com/Market-Reports/probiotic-ingredients-market-238635114.html

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