Size of the collagen market worth $7.20 billion, globally, by 2028 at a CAGR of 8.3%

The size of the collagen market, the growth driven by the growing inclusion of collagen in personal care products and nutricosmetics, increasing cases of osteoporosis and the wide application scope of collagen in various end-user industries such such as food and beverages, pharmaceuticals and nutraceuticals and personal care.

NEW YORK, March 18, 2022 /PRNewswire/ — The Insight Partners has released the latest research study on “collagen market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Source (Bovine, Porcine, Marine, Vegetable/Vegan and Others), Product Type (Gelatin, Hydrolyzed Collagen and Native Collagen) and Application (Food and Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)”, the global collagen market was valued at $4.12 billion in 2021 and is expected to reach $7.20 billion by 2028. It is expected to grow at a CAGR of 8.3% from 2021 to 2028.

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Details

Market size Value in

US$4,120.19 million in 2021

Market Size Value by

$7,205.03 million by 2028

Rate of growth

CAGR of 8.3% from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

162

Number of tables

83

Number of graphs and figures

82

Historical data available

Yes

Segments Covered

Source, product type and application

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Collagen Market: Competition Landscape and Key Developments

The major players in the collagen market are Gelita AG; Gelnex; Lapi Gelatin SpA; Nippi Inc.; Nitta Gelatin, Inc.; RABJ Co., Ltd. ; Vihn Hoan Society; Weishardt; Protein SA and Ewald-Gelatine GmbH. These players are focusing on developing innovative products to meet changing consumer demands.

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Asia Pacific is expected to grow at the fastest CAGR in the global collagen market over the forecast period. Market growth through Asia Pacific is attributed to factors such as the growing demand for nutritional supplements coupled with increasing use in personal and sports nutrition products. Functional foods and beverages have gained immense popularity among the health conscious population, which has positively impacted the growth of the collagen market in the region. Additionally, the growth of the beauty and wellness industry in Asia Pacific countries, especially in South Korea and Japanstimulates the demand for collagen in the area.

Advent of vegan collagen to open up lucrative opportunities for market players:

The vegan population is growing at a rapid rate. Veganism trends are widely influencing people due to growing affiliation with animals and growing awareness of animal protection. Consumers have a strong focus on clean and cruelty-free products. Therefore, to cater to the rising vegan culture, collagen manufacturers are developing vegan collagen. For example, Geltor, Inc. recently developed plant-based collagen. Likewise, Evonik Industries Inc., has also launched a vegan collagen made with the process of fermentation. Thus, the advent of vegan collagen and the proliferation of veganism, particularly through Europe and North Americais expected to open significant opportunities in the collagen market over the forecast period.

Collagen Market: Segmental Overview

Based on source, the collagen market is segmented into bovine, porcine, marine, vegetable/vegan, and others. The bovine segment held the largest market share in 2020, and the marine segment is expected to grow at the fastest CAGR during the forecast period. Bovine collagen comes mainly from cows. Bovine skin, bones, tendons and hides are the main raw materials for the manufacture of bovine collagen. These raw materials are cleaned and treated with acid or alkali to facilitate the release of collagen. Further, they are boiled, and the liquid collagen is evaporated and dried into a powder. Bovine collagen is commonly used as a food additive and used to make collagen supplements. It helps improve skin texture, increases bone and muscle strength, and stimulates hair growth.

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Based on product type, the market is segmented into gelatin, hydrolyzed collagen, and native collagen. The hydrolyzed collagen segment is expected to grow at the highest CAGR during the forecast period. Hydrolyzed collagen is often referred to as collagen peptides. When collagen is hydrolyzed, small peptide chains are formed. This form of collagen is easy to use in various products, including functional foods and beverages, nutraceuticals, and personal care products. Hydrolyzed collagen mixes directly with the bloodstream, hence widely used in dietary supplements. Rising demand for hydrolyzed collagen for multiple applications is driving the growth of the segment.

Based on application, the collagen market is segmented into food & beverage, pharmaceutical & nutraceutical, personal care, and others. The pharmaceuticals and nutraceuticals segment accounted for the largest share of the market. However, the personal care segment is expected to grow at the highest CAGR during the forecast period.

Collagen is widely used in a wide range of personal care products, including baby oil, anti-aging creams, lotions, color cosmetics, and hair care. The body produces less collagen as humans age. This gives rise to several skin problems such as fine lines and wrinkles. Collagen is used as a main ingredient in anti-aging creams due to its moisturizing and healing properties for the skin. Additionally, collagen is used in hair care products because it strengthens the roots making them firmer. Rising demand for collagen from personal care and cosmetics manufacturers is driving the growth of application segment in the collagen market.

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Impact of the COVID-19 pandemic on the collagen market:

The COVID-19 pandemic has brought unprecedented challenges to many sectors, such as the food and beverage and nutraceutical industries. Lockdowns, border restrictions, travel restrictions, closure of manufacturing units and other security protocols imposed by governments have negatively impacted the operations of manufacturing companies. Due to the shortage of raw materials, many collagen manufacturers have suffered losses. Product supply has been insufficient due to supply chain disruptions and labor shortages. All these factors have had a negative impact on the collagen market. However, as health and fitness concerns increased due to the outbreak, the demand for dietary supplements increased significantly. This factor has opened significant growth opportunities for market players as collagen is widely incorporated in various protein and vitamin supplements. Additionally, manufacturers are increasing their production owing to the easing of government imposed restrictions, thereby boosting the growth of the collagen market.

Cycle through adjacent reports:

Hydrolyzed Collagen Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Source (Bovine, Porcine, Poultry, Marine and Others) and Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care and Others)

Vegan Collagen Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Serum, Capsule and Others); Application (beauty, wound healing, inflammation reduction and others) and geography

Native Collagen Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Source (Bovine, Porcine, Poultry, Marine, Others); Application (Food & Beverage, Healthcare, Cosmetics, Others) and Geography

Medical Collagen Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Source (Bovine, Porcine and Others), Product (Gelatin, Hydrolyzed Collagen, Native Collagen and Others) and Application (Wound Care, Bone Grafts) , tissue scaffolds, cartilage repair, hemostats, diagnostics, vascular grafts and others)

Medical and Research Grade Collagen Market to 2027 – Global Analysis and Forecast by Source (Bovine, Porcine, Poultry, Marine, Others); By-product (gelatin, hydrolyzed collagen, native collagen, others); By Application (Hemostats, Vascular Grafts, Tissue Scaffolds, Cartilage Repair, Wound Care, Bone Grafts, Others

Collagen Sponge Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Small Size, Medium Size, Large Size); Application (hospital, dental clinic, others)

Bovine and Goat Colostrum Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Form (Liquid, Powder, Tablets and Capsules); Nature (conventional and organic); End use (pharmaceuticals, animal nutrition, food supplements, sports nutrition, functional foods, cosmetics and infant formula); Distribution channel (hypermarkets/supermarkets, medical stores/pharmacies, direct/B2B, convenience stores, specialty stores, online distribution); and Geography

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