Fastest Growth in Collagen Market in Coming Years
by Mit K. SEO
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
By product type, the gelatinsegment is estimated to account for the
largest share in the collagen market
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 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.
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is estimated to dominate 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.
Created on Feb 4th 2021 07:22. Viewed 164 times.