The collagen industry, valued at USD 5.1 Billion in 2023, is on a trajectory of remarkable growth, anticipated to reach USD 7.4 Billion by 2030. This robust compound annual growth rate (CAGR) of 5.3% during the forecast period is driven by a convergence of factors spanning health and wellness trends, an aging population seeking remedies for age-related concerns, and the beauty and cosmetics industry's reliance on collagen for anti-aging products. Additionally, the integration of collagen into functional foods and beverages to cater to nutritional needs, along with its role in sports nutrition and medical applications, contributes to its increasing prominence. Moreover, the pursuit of sustainability has spurred interest in alternative, plant-based collagen sources, ensuring the demand for collagen remains robust across diverse industries.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220005202
Marine Collagen: Leading the Charge
The marine segment in the collagen market is poised for remarkable growth, boasting the highest CAGR in the upcoming forecast period. Marine collagen has swiftly emerged as the frontrunner in the collagen market due to several compelling reasons. Its sustainability, derived from fish by-products that minimize waste, aligns with the growing environmental consciousness among consumers. Renowned for its high bioavailability and versatility, marine collagen finds applications in dietary supplements, cosmetics, and medical products, catering to a broad spectrum of consumer needs. With a rich composition of type I collagen crucial for skin, hair, and joint health, marine collagen stands out nutritionally. Notably allergen-free and compatible with various dietary preferences, it has garnered widespread appeal.
Nutritional Products: Pivotal Force in Market Momentum
The nutritional products segment within the collagen market emerged as a pivotal force, driving the market's momentum. The escalating demand for collagen in nutritional products worldwide is fueled by a growing awareness of its role in maintaining skin elasticity, joint health, and overall vitality. Consumers, particularly the aging population, seek preventive measures against signs of aging as collagen production naturally declines with age. Simultaneously, the fitness and wellness boom has propelled collagen into the spotlight, with athletes recognizing its potential to support joint flexibility and aid in post-exercise recovery. Collagen's adaptability in various forms and its integration into skincare and beauty regimes have further fueled its surge in demand as a key ingredient in nutritional products.
Gelatin Function
The gelatin trade is rapidly expanding and leading to market growth in various industries due to its versatility and increasing demand worldwide. Gelatin is commonly used as a gelling agent in the food and beverage industry, where it plays a vital role in creating the textures of different dairy products and treats, making it popular in desserts, confectionery, and broths. In addition to the culinary sphere, gelatin is an essential component in pharmaceuticals, particularly in capsule production, and is used in the cosmetic and personal care industry for its texturizing qualities. Gelatin also contributes to the growth of the imaging sector by playing a role in the manufacturing of photographic film and paper. The market's expansion is further driven by the growing awareness of the health benefits associated with gelatin consumption. As demand rises across these sectors, the global gelatin market continues to thrive, reflecting its significance and economic impact.
Dominance of the US in the North American Collagen Market
The US is poised to maintain its dominant position within the North American collagen market throughout the forecast period. The expansion of the pharmaceutical sector in the United States can be attributed to the rising incidence of chronic diseases and advancements in drug delivery technology. Collagen finds extensive use in the medical and pharmaceutical domains, including applications in wound care, pain management, and surgical adhesions. Additionally, the convenience food industry's rapid growth in the US presents promising prospects for collagen-based products, given collagen's high protein content and fat-free nature, aligning with consumer preferences for nutritionally sound products.
Request Sample Pages of Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=220005202
Key Players Driving Innovation
The key players in the market, including Darling Ingredients (US), Ashland (US), Tessenderlo Group (Belgium), Gelita AG (Germany), Nitta Gelatin INC (Japan), and Titan Biotech. (India), play a pivotal role in driving innovation and shaping the trajectory of the collagen industry. Their ongoing research and development efforts ensure continuous innovation, contributing to the dynamic market presence of collagen across diverse industries.
Conclusion
The global collagen market growth rate is experiencing fueled by a myriad of factors ranging from health and wellness trends to sustainability initiatives. Marine collagen emerges as a frontrunner, leveraging its sustainability and nutritional benefits, while the nutritional products segment and the dominance of the US in the North American market further contribute to the industry's upward trajectory. With key players driving innovation, the collagen industry is poised for sustained growth and innovation in the years to come.