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Collagen Market to Showcase Significant Growth via Applications segment by 2023

Author : Ronak Bora | Published Date : 2019-03-20 

In applications, collagen market can be segmented into cosmetics, food & beverages, nutraceuticals, healthcare and pharmaceuticals. Food & beverages can be further bifurcated into beer, wine, cakes, jellies, ice-creams, refined sugar, and non-dairy creamer. Increase in consumption and growing food industry is likely to contribute to industry growth.Global collagen market size was valued at more than USD 3 billion in 2015 and is likely to exceed USD 5 billion by 2023, growing at a CAGR of more than 7% from 2016 to 2023.

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Gelatin market size, which is a collagen byproduct, dominated overall revenue and accounted for more than 60% of the total collagen market share in 2015, it was valued at more than USD 2.5 billion and is expected to exceed USD 2.8 billion by 2023. Collagen peptides market size was valued at more than USD 0.75 billion in 2015 and is likely to be worth around USD 1.25 billion by the end the forecast period.

Marine collagen market size was valued at more than USD 200 million in 2015; minimal disease transmission risk and relaxed regional and social regulations are expected to be the key factors driving growth. In terms of application, cosmetics were the major contributor, with total volume of over 4.2 kilo tons in 2015 owing to benefits such as anti aging properties and personal & hygiene products demand.

U.S. collagen market was the dominant region due to the growth in cosmetics and increasing awareness pertaining to the benefits from gelatin & peptides derived products. The gelatin market was dominated by Europe is likely to grow at a significant rate due to the growth in end-use industries such as food & beverages and pharmaceuticals. Asia Pacific is anticipated grow at a high rate due to increase in per capita income and fast-paced industrialization. Countries such as India, Pakistan and Indonesia where beef & pork consumption is religiously prohibited are expected to be attractive food-grade sheep collagen markets.

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The collagen industry is characterized by increasing R&D activities for drug development, rising social awareness about personal health, and growing wound healing & regenerative medicines industry. Increasing food grades prices and huge importing cost is likely to restrain growth.

The global collagen market share is consolidated and dominated by selective players. Rousselot International, Gelita AG, and Nitta Gelatin are key players and accounted for more than 60% of the total gelatin market in 2015. Large production capacity, effective products and strong distribution network were among key strategic initiatives. Other participants include Norland Products, Sterling Gelatin, Roxlor LLC, Holista Colltech Limited, InterHealth Nutraceuticals, Weishardt International Group, and Weishardt Gélatines. Regional expansion as well as strengthening the product portfolio is likely to be important strategy.

In November 2010, Holista Colltech, which has operations in Australia and Malaysia, introduced a new product under the brand name Ovinex, the foremost food-grade sheep collagen, in order to expand into Islamic countries where pork consumption. Middle East collagen market is expected to exhibit high untapped potential over the coming years.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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