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Collagen Market Size is likely to exceed $5 billion by 2023, growing at a CAGR of more than 7% from 2016 to 2023: Global Market Insights Inc.

Nutraceuticals and pharmaceutical sector is anticipated to grow at a higher rate owing to the vast applications in these segments. Healthcare includes orthopedic, dental and surgery procedures, wherein collagen helps in constructing artificial skin in order to heal burns and wounds.
Collagen Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.

Global collagen market size was valued at more than USD 3 billion in 2015 and is likely to exceed USD 5 billion by 2023, growing at a CAGR of more than 7% from 2016 to 2023.

Marine collagen market size was valued at more than USD 200 million in 2015; minimal disease transmission risk and relaxed regional and social regulations are expected to be the key factors driving growth. In terms of application, cosmetics were the major contributor, with total volume of over 4.2 kilo tons in 2015 owing to benefits such as anti aging properties and personal & hygiene products demand.

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U.S. collagen market was the dominant region due to the growth in cosmetics and increasing awareness pertaining to the benefits from gelatin & peptides derived products. The gelatin market was dominated by Europe is likely to grow at a significant rate due to the growth in end-use industries such as food & beverages and pharmaceuticals. Asia Pacific is anticipated grow at a high rate due to increase in per capita income and fast-paced industrialization. Countries such as India, Pakistan and Indonesia where beef & pork consumption is religiously prohibited are expected to be attractive food-grade sheep collagen markets.

Nutraceuticals and pharmaceutical sector is anticipated to grow at a higher rate owing to the vast applications in these segments. Healthcare includes orthopedic, dental and surgery procedures, wherein collagen helps in constructing artificial skin in order to heal burns and wounds. Increasing geriatric population accompanied by increasing problems related to the skin and bones is expected to the boost demand. Increasing healthcare spending among consumers accompanied by FDA & IMA approvals for gelatin to be used in drugs and food preservatives has also fueled growth.

The collagen industry is characterized by increasing R&D activities for drug development, rising social awareness about personal health, and growing wound healing & regenerative medicines industry. Increasing food grades prices and huge importing cost is likely to restrain growth.

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The global collagen market share is consolidated and dominated by selective players. Rousselot International, Gelita AG, and Nitta Gelatin are key players and accounted for more than 60% of the total gelatin market in 2015. Large production capacity, effective products and strong distribution network were among key strategic initiatives. Other participants include Norland Products, Sterling Gelatin, Roxlor LLC, Holista Colltech Limited, InterHealth Nutraceuticals, Weishardt International Group, and Weishardt Gélatines. Regional expansion as well as strengthening the product portfolio is likely to be important strategy.

This latest Collagen Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Collagen industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Browse key industry insights spread across market data tables, figures & charts from the report, “Collagen Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/collagen-market

Key Insights in this Report

  • Global Collagen Market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Collagen Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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