Collagen Market is expected to reach $4.6 billion by 2023
by Mit K. SEOThe collagen
market, in terms of value, is estimated to account for nearly USD 3.5
billion in 2018 and projected to grow at a CAGR of 5.2%, to reach nearly USD
4.6 billion by 2023. This is due to the growth of the food & beverages
industry as manufacturers are using collagen in their food items to increase
the protein content in the final product. Busy lifestyles have driven the food
manufacturing industry to produce new products that could meet the rise in
demand from consumers, which in turn, drives the overall collagen market.
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Key players that have a strong presence in the collagen
market include Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group
(France), Darling Ingredients (US), Nippi Inc. (Japan), Vinh Hoan Corporation
(Vietnam), JuncĂ Gelatines, S.L. (Spain), Lapi Gelatine S.p.a. (Italy), Gelnex
(Brazil), Vital Proteins (US), Baotou Dongbao Bio-Tech Co., Ltd. (China), RABJ
Co., Ltd (Japan), Connoils (US), Nutra Food Ingredients (US), and Italgelatine
S.P.A (Italy).
On the basis of product type, the gelatin segment is
estimated to dominate the collagen market in 2018. 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, and gelatin desserts.
Collagen in the form of gelatin is high in protein, fat-free,
cholesterol-free, and low in calories, which makes it a label-friendly
ingredient that consumers know and trust. It is a key functional ingredient in
many food products. It is also an important component in confectionery items
such as marshmallows, gummy candy, and fruit snacks. The dairy industry makes
extensive use of gelatin in the manufacture of sour cream, yogurt, ice cream,
cheese, and specialty desserts, while meat processors depend on the binding
properties of gelatin for the production of specialty meats, pates, and
luncheon meats. Thus, these factors are projected to drive the collagen market.
Europe is estimated to account for the largest market share
in the collagen market in 2018. The region has witnessed many collagen-infused
drinks launched by the manufacturers, such as cappuccino collagen and soy
collagen. They are either marketed as components of protein blends or in
combination with fruits. The rising usage of collagen in wide varieties of food
items and beverages along with the changing consumer preferences are
accelerating the market growth. Moreover, the preference for minimally invasive
or non-invasive technologies and the increasing use of collagen by biomedical
industries in the developed countries are further driving the market growth.
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Created on Oct 26th 2020 06:46. Viewed 352 times.