Compound Management Market
According to our latest market study, titled ” Collagen Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Source (Bovine, Porcine, Marine, Plant-based/Vegan, and Others), Product Type (Gelatin, Hydrolyzed Collagen, and Native Collagen), and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others),” the market was valued at US$ 4,120.19 million in 2021 and is projected to reach US$ 7,205.03 million by 2028. It is expected to grow at a CAGR of 8.3% from 2021 to 2028.
Collagen is a structural protein found in animals and humans. It accounts for 30% of the total body protein. Collagen is commercially produced from the animal byproducts such as bovine bones, hides, pigskin, tendons, fish bones, skin, and cartilage. Collagen is used in functional foods and beverages, dietary supplements, and personal care & cosmetic products, among others. It helps repair skin, improves bone & muscle health, and improves hair strength. The growing trend of consuming collagen-induced food, beverages, and supplements regularly is driving the growth of the collagen market. Moreover, growing awareness about the health benefits of collagen among consumers worldwide is propelling the market growth.
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Collagen has a wide range of applications across different end-use industries such as food & beverages, nutraceuticals, personal care, healthcare, and biomedical. Food & beverage manufacturers incorporate collagen powders in smoothies, bakery products, yogurts, and ready-to-drink (RTD) beverages, among others. Collagen-induced foods and beverages enhance the collagen levels in the body and help repair skin texture, enhance bone & muscle health, and improve joint strength. Collagen is also used in various dietary supplements such as protein supplements and vitamins and mineral supplements. Furthermore, collagen is used in various personal care products such as shampoos, anti-aging creams & gels, and hair serums. Collagen is also used in nutricosmetics and functional gummies. Collagen is used in medical devices, tissue engineering, and cell transplantation in the healthcare and biomedical industries. Thus, the wide scope of application of collagen across several industries is potentially driving the growth of the collagen market.
Key players operating in the global collagen market include Gelita AG; Gelnex; Junca Gelatines, S.L; Lapi Gelatine S.p.A; Nippi Inc.; Nitta Gelatin, Inc.; Nutra Food Ingredients; RABJ Co., Ltd.; Vihn Hoan Corporation; and Weishardt; among others.
Impact of COVID-19 Pandemic on Collagen Market
Many sectors faced unprecedented challenges due to the COVID-19 outbreak. The food & beverage industries also suffered from severe disruption due to lockdowns, travel bans, border restrictions, the shutdown of manufacturing units, among other factors. However, the COVID-19 pandemic had a mixed impact on the collagen market. The demand for functional foods and beverages increased significantly as consumers became health-conscious, which opened significant opportunities for the collagen market. The sales of dietary supplements increased as consumers focused on their health and wellbeing. Moreover, the demand for collagen supplements increased as they support immune health, boost hair strength, and enhance muscle mass. However, due to the shortage of raw materials and laborers, a production shortfall created a demand and supply gap. The manufacturers are overcoming the demand and supply gap as they can now operate with full capacity. Moreover, the majority of the countries are vaccinated, which is a positive sign for the global marketplace. These factors are expected to positively drive the growth of the market over the forecast period. Thus the collagen market witnessed a mixed impact of the COVID-19 pandemic.
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