Collagen Market Size Set to Attain Revenue Worth USD 10.85 Million by 2031, Projected Growth at 5.88%: Kings Research

Collagen Market was estimated to be USD 7.07 billion in 2023, and by the end of 2024, industry revenue is expected to reach USD 7.44 billion. It is projected that the collagen market will be worth USD 10.85 million by 2031, growing at a compound annual growth rate (CAGR) of 5.53% from 2024 to 2031. Solutions from businesses like Amicogen, Inc., Ashland, Darling Ingredients, Nippi Collagen NA Inc., Tessenderlo Group, Titan Biotech, Vinh Hoan Corporation, DSM, GELITA AG, NITTA GELATIN, INC., and others are included in the scope of work of the research.

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List of Key Companies in Collagen Market

  • Amicogen, Inc.
  • Ashland
  • Darling Ingredients
  • Nippi Collagen NA Inc.
  • Tessenderlo Group
  • Titan Biotech.
  • Vinh Hoan Corporation
  • DSM 
  • GELITA AG
  • NITTA GELATIN, INC

Key Market Drivers

  1. Health and Wellness Trends: The modern consumer's shift towards maintaining a healthy lifestyle is a significant driver of the collagen market. Collagen supplements are increasingly popular for their benefits in improving skin elasticity, joint health, and overall vitality. This trend is particularly prominent in North America and Europe, where consumers are more health-conscious and willing to invest in preventive healthcare.

  2. Cosmetic Industry Expansion: Collagen’s anti-aging properties have made it a staple ingredient in the cosmetic industry. Products such as creams, serums, and masks infused with collagen are highly sought after for their ability to reduce wrinkles, hydrate the skin, and enhance overall skin appearance. This demand is not limited to women; men are also increasingly incorporating collagen-based products into their grooming routines, further expanding the market.

  3. Pharmaceutical Applications: In the pharmaceutical sector, collagen is used in wound healing products, drug delivery systems, and tissue engineering. Its biocompatibility and biodegradability make it an ideal material for medical applications, driving its demand in this industry.

  4. Technological Advancements: Innovations in collagen extraction and processing techniques have improved the quality and efficiency of collagen production. Advanced technologies enable the extraction of high-purity collagen from various sources, including bovine, porcine, and marine. These advancements not only enhance product quality but also reduce costs, making collagen products more accessible to a broader consumer base.

Market Segmentation

By Source:

    • Bovine Collagen: Predominantly used due to its similarity to human collagen and high availability.
    • Porcine Collagen: Widely used in the pharmaceutical industry.
    • Marine Collagen: Gaining popularity for its superior absorption and sustainability.
  1. By Application:

    • Food and Beverages: Collagen is used as a functional ingredient in health drinks, protein bars, and dietary supplements.
    • Cosmetics: Collagen-infused beauty products are highly sought after for their skin-enhancing benefits.
    • Pharmaceuticals: Used in various medical applications, including wound care and drug delivery.
  2. By Region:

    • North America: Leading market due to high consumer awareness and advanced healthcare infrastructure.
    • Europe: Significant growth driven by the cosmetics industry and health-conscious consumers.
    • Asia Pacific: Rapid growth expected due to rising disposable incomes and increasing adoption of Western health and beauty trends.
    • Latin America and MEA: Emerging markets with potential for substantial growth.
Posted in Default Category on June 04 2024 at 01:09 PM

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