Collagen Market Size, Share, Trends, Growth Analysis and Industry Research Report, 2019 to 2025
by Susan Hill Business ConsultantThe
global collagen market size is projected to reach USD
6.63 billion by 2025, according to a new report by Grand View Research, Inc.,
registering a 6.5% CAGR during the forecast period. The market is expected to
be driven by the product’s growing application scope in the food and beverage
as well as healthcare and pharmaceutical industries.
In addition,
the market is expected to benefit from increasing adoption of collagen-based
products due to superior characteristics such as gelling, emulsification, and
binding of food products in which it is used. Demand for gelatin is expected to
register steady growth due to growing use of the product in the production of
jellies, chewing gums, and desserts.
Demand for
hydrolyzed collagen is expected to rise due to growing adoption in bone
grafting, tissue
engineering, and dental surgeries. In addition, growing demand for
high-quality native collagen in cosmetic formulations as anti-aging and skin
rejuvenating ingredients is expected to drive the market over the forecast
period.
Healthcare
is estimated to emerge as a major application segment in the collagen market.
Demand for premium grade collagen for surgical procedures, wound dressing, and
drug delivery mechanisms is also expected to drive the market over the forecast
period. The market is also expected to be fueled by the growth of the food and
beverages industry, primarily in Asia Pacific. Increasing demand for
confectionery products, coupled with rising expenditure on food products by
consumers in the region, is expected to drive the global market.
Further key
findings from the report suggest:
- In terms of
volume, the collagen market for healthcare is anticipated to reach 622.2
kilotons by 2025, at a CAGR of 5.9% from 2018 to 2025
- In terms of
revenue, the food & beverages segment is expected to witness the
highest CAGR of 7.1% over the forecast period. This is backed by improving
lifestyle conditions and growing affluence of middle-class population,
especially in Asian countries, necessitating their application in dietary
supplements and functional food products
- Europe held the
largest revenue share in the market in 2018 and is expected to register
considerable growth over the forecast period. Increasing consumption of
confectionery products in Europe is likely to drive demand for gelatin,
thereby boosting the regional market
- In terms of
volume, the China market is anticipated to reach 103.7 kilotons by 2025
owing to high demand from industries such as food and beverages and
healthcare. In addition, rising disposable income in the region and
growing population is projected to favor the regional market
- The collagen
market is highly competitive in nature and houses prominent market
participants with extensive product portfolios. Prominent market
participants include Koninklijke DSM N.V.; Matrix; CONNOILS LLC; Advanced
BioMatrix, Inc.; and Rousselot BV.
Access full
research report on global collagen market:
www.grandviewresearch.com/industry-analysis/collagen-market
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Created on Oct 11th 2019 05:24. Viewed 422 times.