Sarasota, FL -- (SBWIRE) -- 04/30/2019 -- Global Collagen Market: Overview
Collagen is the vital protein type of the human body and it is the key part of the connective tissues that help in building up most of the parts of our body including muscles, tendons, skin, and ligaments. It comprises of amino-acids such as glycine, arginine proline, and hydroxyproline. The development of strong muscles and glowing appearance is partially credited to the amino acid present in the product.
Global Collagen Market: Growth Factors
The massive benefits offered by the product including improving skin health, helping in offering joint pain relief, prevention of bone loss, boosting muscle mass, and promoting heart health are likely to embellish the collagen market growth trends.
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On the other hand, massive use of collagen in medical equipment and drug delivery systems and its enhanced preference for minimally invasive are some of the major aspects estimated to drive the growth of collagen market in the coming years. The product has gained tremendous popularity across myriad sectors such as pharmaceuticals, food and beverages, and cosmeceuticals, thereby further accelerating the market size.
Massive demand for collagen-based products in bone grafting, dental surgeries, and tissue engineering will further impel the collagen market revenue in the coming decade. Additionally, humungous popularity of native collagen in cosmetic formulations such as skin rejuvenating and anti-aging ingredients is expected to steer the market earnings over the review period. Nonetheless, some of the constituents of the product are made from fish and eggs to which some people have allergies. This can hinder the bright growth prospects of the collagen market over the assessment period.
Global Collagen Market: Segmentation
The global collagen market can be classified into source type, product type, and application. Based on the product type, the market is sectored into gelatin, native collagen, and hydrolyzed collagen. Source type wise, the collagen market is segmented into bovine and porcine. Application wise, the market is classified into food & beverages, healthcare, and pharmaceuticals.
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Global Collagen Market: Regional Analysis
Based on region, the global collagen market can be divided into five main regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Escalating demand for dietary supplements and functional food & beverages in countries such as the U.S. and Canada of North America is likely to embellish the regional market size.
Moreover, Europe is set to dominate the growth of the global collagen market in the years ahead. The growth can be attributed to the existence of key sugar confectionery producers such as Britannia Superfine and Astir in Europe. Escalating development of the meat processing sector in the European countries will propel the product demand.
Asia Pacific is anticipated to emerge as the one of the most lucrative regions over the forecast timespan, owing to the existence of a well-established meat processing sector coupled with high expenditure on industrial & economic development by government authorities. In addition, high funding of research and development activities to produce collagen-based products are expected to favor collagen market growth in APAC zone.
Latin America and the Middle East and Africa have huge market growth potential and the regions are intended to be attractive & lucrative business destinations for the market players in the near future.
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Global Collagen Market: Competitive Players
Some of key players in collagen market are Nippi Inc., Gelita AG, Nutra Food Ingredients, Nitta Gelatine, Inc., Vital Proteins, RABJ Co., Ltd, Juncà Gelatines, S.L., Weishardt Group, Lapi Gelatine S.p.a., Darling Ingredients, Vinh Hoan Corporation, Gelnex, Baotou Dongbao Bio-Tech Co., Ltd., Connoils, and Italgelatine S.P.A.
Global Collagen Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa