As per the report published by Fior Markets, the global Collagen market is expected to grow from USD 4.16 Billion in 2018 to USD 7.28 Billion by 2025 at a CAGR of 7.25% during the forecast period from 2018-2025. Asia Pacific region is expected to register highest CAGR of 9.19% among all regions due to rising standard of life and healthcare facilities. Europe and North America led the global demand for collagen in 2017 with first and second highest position respectively.
“Global Collagen market by Source (Bovine, Poultry, Marine, Porcine, Marine, Others), Product (into gelatin, hydrolysed collagen, Native collagen and others), Applications, Region”, and Global Forecast 2018-2025.
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Major players in Collagen include Koninklijke DSM N.V., Matrix, CONNOILS LLC, Advanced BioMatrix Inc., Rousselot BV, Cargill Inc., Gelita AG, Aneva Derma, Ewald-Gelatine GmbH, Skinade, Lapi Gelatin, Italgelatine SpA, Weishardt Group, Tessenderlo Group, Danish Crown A/S, Darling Ingredients among others. To meet up the ever rising demand for collagen head on most of the firms are choosing the path of expanding their existing production capacities. For instance GELITA, one of the world’s leading providers of collagens and proteins, invested 10.4 million euros in 2016 in their Eberbach plant in Germany for the construction of ultra-modern facilities.
The source segment is classified into bovine, porcine, poultry, marine and others. Marine collagen is expected to attain pace of 8.86% CAGR in 2017-2025 due to its superior properties. Though bovine segment leads market with 37.23% of total revenues I 2017, its share is expected to drop on account of threat of transfer of disease. Product segment is divided into gelatin, hydrolysed collagen, Native collagen and others. Gelatin segment was at forefront of global demand collagen with USD 1.70 billion revenues in 2017 owing to its wide spread utilization as thickener and stabilizer by food processing industry. Hydrolysed collagen due to its novel applications in cosmetics and beauty care treatments is expected to grow at robust rate of growth over the forecast period. Applications are segmented into food and beverages, healthcare, cosmetics and others. Food and beverages segment is projected to clock fastest CAGR of 9.73% over the forecast period owing to huge demand for collagen based nutritional supplements. Healthcare dominates the demand for collagen with 46.19% of total revenues in 2017 due to wide ranging use of collagen for surgical procedures and drug delivery systems.
Increasing per capita income and improvement in healthcare facilities as well as awareness regarding health has prompted a huge demand for collagen worldwide on account its application value. Rising geriatric population around world and advancement of novel drug delivery systems are providing a major fillip to the market whereas risk of disease transfer, stringent regulations pertaining food additives are proving to be the major restraining factors for global collagen market.
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