The global collagen
market is anticipated to reach USD 6.63 billion by 2025, according
to a new report by Grand View Research, Inc. The collagen market is expected to
witness substantial growth over the coming years as a result of the increasing
demand for collagen-based products in healthcare for applications such as wound
healing, tissue engineering, and bone reconstruction.
The growing consumption in key segments such as food
& beverages and cosmetics is also expected to propel the product demand
over the forecast period. The growing demand for the product in the
aforementioned segments can be attributed to the growing geriatric population
worldwide, wherein there is an increasing requirement for products that
facilitate the strengthening of bone and joints, skin rejuvenation, and cell
repair.
Among the application segments, the healthcare segment
dominated the industry globally. The increasing use of collagen-based products
in pharmaceutical formulations, wound healing, and orthopedic applications. The
other key applications include food & beverages, cosmetics, and
photography.
The key sources for extraction of the product include
bovine, porcine, poultry, and marine, wherein the industry is primarily
dominated by the bovine segment, as of 2015. The future growth of the overall
industry is, however, expected to be driven by the marine segment, mainly owing
to the increasing use of marine-based products in cosmetics and healthcare
applications.
Browse full research report on Collagen Market: https://www.grandviewresearch.com/industry-analysis/collagen-market
Further
key findings from the report suggest:
- The food & beverages and healthcare application segments are
expected to grow significantly over the coming years, projected to grow at
CAGRs of 7.2% and 6.4%, respectively, attributable to their increasing use
of gelatin and hydrolyzed collagen
- Europe dominated the overall industry in 2016, accounting for
revenues of USD 1.32 billion, as a result of extensive R&D by key
industry participants for development of advanced anti-aging and
pharmaceutical solutions
- Globally, the Asia Pacific region is expected to grow at the
highest rate of 7.5% during the forecast period, mainly driven by
increasing consumption in the Chinese market, which is expected to grow at
a CAGR of nearly 8% during the forecast period.
- In recent years, new product developments have been among the major
growth strategies adopted by the aforementioned players to reinforce their
positions in the industry.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand
View Research has segmented the global collagen market on the basis of source,
product, application and region:
Source
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Bovine
- Porcine
- Poultry
- Marine
- Others
Product
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Gelatin
- Hydrolyzed
Collagen
- Others
Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
- Food &
beverages
- Healthcare
- Cosmetics
- Others
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central &
South America
- Brazil
- Middle East
& Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment