The global collagen market is estimated at nearly USD 3.5 billion in 2018 and is projected to reach nearly USD 4.6 billion by 2023, growing at a CAGR of 5.2%. The increase in the consumption of collagen products in the emerging markets of the Asia Pacific and South America has also contributed to an increase in the sales in the collagen industry. The demand in developing countries is driven by the increase in disposable income. Countries such as China and India have witnessed a substantial demand for collagen in recent years. The development of the healthcare industry, primarily in China and India, coupled with the increasing medical tourism in these economies, are likely to drive the market growth over the forecast period.
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On the basis of product type, the market segmentation includes gelatin, hydrolyzed collagen, and native collagen. The gelatin
segment is estimated to account for the largest share in the collagen market in
2018, and the same trend is projected to continue during the forecast period. 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, 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, wide usage of gelatin is
driving the growth of the collagen market.
The global collagen market, on the basis of source,
is segmented into bovine, porcine, and marine & poultry. The marine &
poultry segment is projected to witness the fastest growth from 2018 to 2023. The
demand for collagen protein in food products is one of the major factors driving
the demand for marine collagen in the global collagen market. Marine collagen
is a fibrous protein derived from different parts of marine animals such as
fish, jellyfish, sponge, Mollusca, and other invertebrates. Marine collagen is
better, in terms of health benefits and bioavailability, as compared to bovine
or porcine collagen types. Glycine, proline, and hydroxyproline are the
predominant amino acids found in marine collagen. Short amino chains promote
high bioavailability; they help the peptides to pass through the intestinal
wall into the bloodstream easily.
Increase in the consumption of processed and health-based food products is also
driving the marine collagen market. Additionally, the demand for processed food
products in developing countries is driven by the increase in the disposable
income of consumers.
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Based on application, the market segmentation includes food
& beverages and pharmaceutical & healthcare. The food & beverages
segment is projected to witness the fastest growth from 2018 to 2023. The
increasing health awareness and rising purchasing power of consumers have led
to the increased usage of collagen by manufacturers in premium food &
beverage products. Among all the food & beverage food items, nutritional
products hold the maximum market share. This is due to the rise in demand for
sports and nutritional products and an increase in protein intake by athletes
and fitness enthusiasts.
The collagen market in ROW is projected to witness the fastest growth between 2018
and 2023. Rapid innovations in the healthcare industry and increasing demand from the pharmaceutical
industry to provide better medicines are driving the collagen market in the
region, as collagen is used in medicines to cater for better treatment.
Collagen also has wide potential applications in the treatment of various
diseases such as diabetes and is currently used in various medicines for this
purpose. These factors are driving the market growth of collagen in RoW.
