123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Food,-Cooking-and-Drink >> View Article

Collagen Market Is Projected To Reach $4.6 Billion By 2023

Profile Picture
By Author: MarketsandMarkets
Total Articles: 274
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The collagen market, in terms of value, is estimated to account for nearly USD 3.5 billion in 2018 and projected to grow at a CAGR of 5.2%, to reach nearly USD 4.6 billion by 2023. This is due to the growth of the food & beverages industry as manufacturers are using collagen in their food items to increase the protein content in the final product. Busy lifestyles have driven the food manufacturing industry to produce new products that could meet the rise in demand from consumers, which in turn, drives the overall collagen market.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220005202

Key players that have a strong presence in the collagen market include Gelita AG (Germany), Nitta Gelatine, Inc. (US), Weishardt Group (France), Darling Ingredients (US), Nippi Inc. (Japan), Vinh Hoan Corporation (Vietnam), JuncĂ  Gelatines, S.L. (Spain), Lapi Gelatine S.p.a. (Italy), Gelnex (Brazil), Vital Proteins (US), Baotou ...
... Dongbao Bio-Tech Co., Ltd. (China), RABJ Co., Ltd (Japan), Connoils (US), Nutra Food Ingredients (US), and Italgelatine S.P.A (Italy).

By product type, the gelatin segment is estimated to dominate the global collagen market in 2018. Gelatin is widely used in foods to improve elasticity, consistency, and stability. It also helps to normalize gut hormones in obese people. Thus, due to rising health awareness, gelatin is being preferred by food manufacturers to produce nutritious food products. Gelatin is increasingly used in the food & beverage industry to make gummy candies, puddings, confectionery, and gelatin desserts. It is also added in sauces and soups to thicken the consistency and provide a better product to the consumers. Nowadays, gelatin from fish and edible insects are also used as an alternative source, which is being accepted for kosher (Jewish) and halal (Muslim) products. Thus, due to the wide usage of gelatin, the collagen market is projected to witness significant growth.

By application, the pharmaceutical & healthcare segment is estimated to grow at the highest CAGR during the forecast period. Factors such as changing lifestyles and increasing population of working women are driving the demand for ready-to-eat collagen globally. Collagen has a wide range of applications in the medical & pharmaceutical sector due to its ability to reconstruct the bone. They are widely used in plastic surgeries, burn care, orthopedics, wound care, dentistry, and cardiovascular practices. The increasing health and medical issues have led to the increasing use of collagen in medical applications. However, religious restrictions related to bovine- and porcine-derived collagens have allowed medicine manufacturers to opt for marine animals as a source of collagen. Nowadays, collagen is also sold as a pill that can be used as a supplement to help with joint mobility. These factors are projected to drive the market growth of collagen during the forecast period.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=220005202

Europe is estimated to account for the largest market share in the collagen market in 2018. The region has witnessed many collagen-infused drinks launched by the manufacturers, such as cappuccino collagen and soy collagen. They are either marketed as components of protein blends or in combination with fruits. The rising usage of collagen in wide varieties of food items and beverages along with the changing consumer preferences are accelerating the market growth. Moreover, the preference for minimally invasive or non-invasive technologies and the increasing use of collagen by biomedical industries in the developed countries are further driving the market growth.

Total Views: 187Word Count: 551See All articles From Author

Add Comment

Food, Cooking and Drink Articles

1. Shake Things Up: Crafting The Perfect Mocktail Menu For Your Next Corporate Event
Author: Good + Bar

2. Explore The Exquisite Offerings At The Newest Gourmet Food Store In Town
Author: Buy Feta Cheese Online India

3. Sunflower Oil
Author: seoexecutive

4. The 20 Surprising Effects Of Tea On Your Body : A Step By Step Journey
Author: Guillaume Devaux

5. Ten Helpful Facts About Black Tea
Author: Dhrashti

6. Culinary Wellness: Nurturing Your Body And Soul Through Healthy Cooking
Author: yogendra shinde

7. The Philadelphia Gateway To Middle Eastern Delights: Hummus, Shawarma, And Discovering Falafel Near Me
Author: Hummus Grill

8. How To Cook A Steak
Author: Cole Whaley - Steakhouse Ranker

9. Knowing Sparkling Wine
Author: Wines Critic

10. Elevate Your Social Gatherings With The Best Non Alcoholic Bars In Los Angeles
Author: Good + Bar

11. Hours Burning Hours After Cutting Onions
Author: Matthew Hudson

12. The Enchanting World Of Tea: A Journey From Leaf To Cup
Author: Qtyastart

13. Best Rooms In Nagercoil - Hotel Vijayetha
Author: publisher

14. Suet Blocks For Birds - Everything You Need To Know About Feeding Birds Suet In Winter - Ecobird
Author: ecobird food

15. Booking Rooms In Melur-orappu Restaurant
Author: publisher

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: