27-May-2019: The global collagen market size
is projected to reach USD 6.63 billion by 2025, according to a new report by
Grand View Research, Inc., registering a 6.5% CAGR during the forecast period.
The market is expected to be driven by the product’s growing application scope
in the food and beverage as well as healthcare and pharmaceutical industries.
In addition, the market is
expected to benefit from increasing adoption of collagen-based products due to
superior characteristics such as gelling, emulsification, and binding of food
products in which it is used. Demand for gelatin is expected to register steady
growth due to growing use of the product in the production of jellies, chewing
gums, and desserts.
Demand for hydrolyzed collagen
is expected to rise due to growing adoption in bone grafting, tissue
engineering, and dental surgeries. In addition, growing demand for high-quality
native collagen in cosmetic formulations as anti-aging and skin rejuvenating
ingredients is expected to drive the market over the forecast period.
Healthcare is estimated to
emerge as a major application segment in the collagen market. Demand for
premium grade collagen for surgical procedures, wound dressing, and drug
delivery mechanisms is also expected to drive the market over the forecast
period. The market is also expected to be fueled by the growth of the food and
beverages industry, primarily in Asia Pacific. Increasing demand for
confectionery products, coupled with rising expenditure on food products by
consumers in the region, is expected to drive the global market.
In
depth research report on Collagen Market
Further
key findings from the report suggest:
· In
terms of volume, the collagen market for healthcare is anticipated to reach
622.2 kilotons by 2025, at a CAGR of 5.9% from 2018 to 2025
· In
terms of revenue, the food & beverages segment is expected to witness the
highest CAGR of 7.1% over the forecast period. This is backed by improving
lifestyle conditions and growing affluence of middle-class population,
especially in Asian countries, necessitating their application in dietary
supplements and functional food products
· Europe
held the largest revenue share in the market in 2018 and is expected to
register considerable growth over the forecast period. Increasing consumption
of confectionery products in Europe is likely to drive demand for gelatin,
thereby boosting the regional market
· In
terms of volume, the China market is anticipated to reach 103.7 kilotons by
2025 owing to high demand from industries such as food and beverages and
healthcare. In addition, rising disposable income in the region and growing
population is projected to favor the regional market
· The
collagen market is highly competitive in nature and houses prominent market
participants with extensive product portfolios. Prominent market participants
include Koninklijke DSM N.V.; Matrix; CONNOILS LLC; Advanced BioMatrix, Inc.;
and Rousselot BV.
Grand View Research has
segmented the global collagen market on the basis of source, product,
application, and region:
Collagen
Source Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Bovine
· Porcine
· Poultry
· Marine
· Others
Collagen
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Gelatin
· Hydrolyzed
collagen
· Native
collagen
· Others
Collagen
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Food
& Beverages
· Healthcare
· Cosmetics
· Others
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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