Collagen Market: Worldwide Industry Analysis and New Opportunities Explored
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), Juncà 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).
The collagen market
is witnessing a strong growth due to the increasing use in the food &
beverage industry.
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.
The pharmaceutical
& healthcare segment is projected to grow at the highest CAGR during the
forecast period in the market.
By application, the pharmaceutical & healthcare segment
is estimated to grow at the highest CAGR during the forecast period. Factors
such as changing lifestyles and increasing population of working women are
driving the demand for ready-to-eat collagen globally. Collagen has a wide
range of applications in the medical & pharmaceutical sector due to its
ability to reconstruct the bone. They are widely used in plastic surgeries,
burn care, orthopedics, wound care, dentistry, and cardiovascular practices.
The increasing health and medical issues have led to the increasing use of collagen
in medical applications.
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Created on May 28th 2021 08:54. Viewed 235 times.