Collagen Market Size to Reach USD 17.5 Billion by 2032 growing at 7.3% CAGR - Exclusive Report by Acumen Research and Consulting
The Collagen market, valued at USD 9.4 Billion in 2023, is projected to surpass USD 17.5 Billion by 2032, indicating a robust CAGR of 7.3%
Collagen is a vital structural protein and amino acid essential for the strength and health of animal bodies. It ranks among the most prevalent proteins in humans and plays a crucial role in repairing, treating, and shaping tissues, contributing to overall well-being. In the realm of animal nutrition, collagen is often incorporated into food products. Market supplies of collagen are primarily derived from five key sources: cattle, seafood, swine, poultry, and other products. Each of these sources provides collagen with unique properties and benefits. Collagen's unique triple-helix structure provides remarkable tensile strength, making it integral to skin, bones, tendons, and ligaments. Additionally, collagen supplements are popular for their potential benefits in improving skin elasticity, joint health, and promoting faster wound healing.
The high cost of collagen-based products has limited consumer accessibility, posing a challenge for the collagen market. On the other hand, the growing use of collagen in functional foods and beverages has driven market expansion.
Collagen Market Statistics
- The global collagen market, which generated USD 9.4 billion in 2023, is expected to experience a robust CAGR of over 7.3% from 2024 to 2032
- The Asia-Pacific region leads the market, with substantial revenue of USD 3.2 billion in 2023
- Europe is anticipated to see significant growth, with a projected CAGR of 8.2%
- In terms of product type, gelatin dominates the market, holding a 66% share in 2023
- Regarding the source, the bovine sub-segment achieved a 35% share in 2023
- In terms of application, the food & beverages sub-segment also achieved a 57% share in 2023
- A discernible trend in the collagen market is growing advancements in extraction technology, and a surge in nutraceutical applications
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Collagen Market Dynamics
Growing Prevalence of Joint and Bone Disorders Driving the Need for Collagen Supplements Fuels the Collagen Market Value
The rising prevalence of joint and bone disorders, such as osteoarthritis and osteoporosis, is significantly boosting the demand for collagen supplements. For instance, according to Institute of Health Metrics and Evaluation, a recent study predicts that by 2050, nearly 1 billion people will be living with osteoarthritis, the most prevalent form of arthritis. At present, 15% of individuals aged 30 and older suffer from osteoarthritis. Collagen, a crucial protein for maintaining healthy connective tissues, is increasingly recognized for its potential benefits in alleviating joint pain and improving bone health. As more individuals seek preventive and therapeutic measures for these conditions, the collagen market is expanding rapidly. The growth is further fueled by increasing awareness of collagen's role in supporting overall musculoskeletal health. Additionally, the aging population, which is more prone to such disorders, contributes to the rising market value. Innovations in supplement formulations and delivery methods are also driving consumer interest and market growth.
Innovations in Collagen Production Methods and Sustainable Sourcing Offer Significant Collagen Market Opportunity
Recent innovations in collagen production and sustainable sourcing are reshaping the collagen market. For instance, in March 2023, Cambrium, a biotechnology company, introduced its inaugural product, NovaColl. NovaColl is a micro-molecular collagen designed to mimic the skin's natural composition, specifically for high-end personal care. Advanced extraction techniques, such as enzymatic hydrolysis and fermentation, are improving collagen yield and purity while reducing environmental impact. Sustainable sourcing practices, like using by-products from the food industry and developing plant-based alternatives, are enhancing the market's appeal by addressing ethical and environmental concerns. These developments not only drive growth in the cosmetic and medical industries but also open new opportunities for bioengineering and regenerative medicine. As consumers and companies increasingly prioritize sustainability, the market is expanding, offering significant potential for those investing in innovative collagen solutions.
Collagen Market Segmentation
The global market for collagen has been segmented into product type, source, and application, and region.
- Product type is classified into gelatin, hydrolyzed collagen, native collagen, synthetic collagen, and others
- Source are divided into bovine, porcine, poultry, marine, and others
- Application are categorized into food & beverages (nutritional products, snacks & cereals, dairy products, beverages, meat & poultry, bakery & confectionery products), pharmaceutical & healthcare, cosmetics & personal care products, and others
- The collagen market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa
Collagen Market Regional Outlook
In terms of collagen market analysis, Asia-Pacific dominates the global market due to its expansive population, and increasing awareness of collagen's benefits in health and beauty. The region's strong manufacturing base and growing dietary supplement sector also contribute to its dominance. For instance, in February 2022, Nippi (Shanghai) Trading Co. Ltd, a subsidiary of Nippi Japan, entered into a cooperation agreement with Infobird Co. Ltd, a provider of AI-driven customer engagement solutions. This partnership aims to enhance Nippi Shanghai's sales and expand its market presence as a supplier of collagen raw materials in China.
Europe, on the other hand, is the fastest-growing region in the collagen market, driven by a surge in demand for cosmetic and dietary products containing collagen. This growth is fueled by the region's aging population, heightened interest in anti-aging solutions, and advancements in collagen production technologies. Both regions are capitalizing on evolving consumer preferences and expanding their market shares through innovation and strategic investments.
Collagen Market Players
Collagen companies profiled in the report include Vital Proteins., Nippi Inc., Lapi Gelatine S.p.a, RABJ Co., Ltd, Baotou Dongbao Bio-Tech Co., Ltd, Juncà Gelatines, Gelnex, Connoils, Gelita AG, Vinh Hoan Corporation, Darling Ingredients, and Nutra Food Ingredients.
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