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Collagen Market to See Major Growth by 2023 | Key Players are Gelita AG, Nitta Gelatine, Inc., Weishardt Group, Darling Ingredients, Gelnex

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Collagen Market to See Major Growth by 2023 | Key Players are Gelita AG, Nitta Gelatine, Inc., Weishardt Group, Darling Ingredients, Gelnex

April 06
00:48 2021
Collagen Market to See Major Growth by 2023 | Key Players are Gelita AG, Nitta Gelatine, Inc., Weishardt Group, Darling Ingredients, Gelnex

MarketsandMarkets™
The rising demand for convenience food and increasing awareness of collagen in the medical and healthcare industries are the major driving factors for the market.

The reportCollagen Market by Product Type (Gelatin, Hydrolyzed Collagen, and Native Collagen), Source, Application (Food & Beverages, Pharmaceutical & Healthcare), and Region (North America, Europe, Asia Pacific, and Row) – Global Forecast to 2023″ The collagen market is estimated to account for nearly USD 3.5 billion in 2018 and is projected to reach a value of nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2% from 2018. This is due to the increasing use of collagen and collagen proteins in the medical and pharmaceutical industries. An increase in demand for collagen and collagen products in the food & beverage and cosmetic industry has encouraged manufacturers to provide better protein-based products, which in turn, has contributed to the market growth.

Collagen Market

The gelatin segment is estimated to dominate the global market in 2018.
By product type, the gelatin segment is estimated to dominate the global 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. It is also added in sauces and soups to thicken the consistency and provide a better product to the consumers. Nowadays, gelatin from fish and edible insects is also used as an alternative source, which is being accepted for kosher (Jewish) and halal (Muslim) products. Thus, due to the wide usage of gelatin, the collagen market is projected to witness significant growth.

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The bovine segment is estimated to account for the largest share in the market in 2018.
By source, the bovine segment is estimated to account for the largest share in the collagen market in 2018. Bovine collagen is found in cows; it is a naturally occurring protein present in the cartilage, connective tissues, bones, and hides of cows. The collagen present in cows is similar to the collagen present in human bodies. Bovine collagen is rich in type I and III collagen. This type of collagen benefits the nails, skin, tendons, eyes, hair, muscles, bones, and blood vessels. It is high in protein content and has features such as enhanced water solubility and low molecular weight. As a result, manufacturers are increasingly using it in the food & beverage industry, to offer more nutritious products to their consumers.

Europe is estimated to dominate the collagen market in 2018.

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.

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This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the collagen market. It includes the profiles of the leading companies such as 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).

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