SAN FRANCISCO, April 17, 2019 /PRNewswire/ --The global collagen market size is projected to reach USD 6.63 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.5% CAGR during the forecast period. The market is expected to be driven by the product's growing application scope in the food and beverage as well as healthcare and pharmaceutical industries.
Key suggestions from the report:
In terms of volume, the collagen market for healthcare is anticipated to reach 622.2 kilotons by 2025, at a CAGR of 5.9% from 2018 to 2025
In terms of revenue, the food & beverages segment is expected to witness the highest CAGR of 7.1% over the forecast period. This is backed by improving lifestyle conditions and growing affluence of middle-class population, especially in Asian countries, necessitating their application in dietary supplements and functional food products
Europe held the largest revenue share in the market in 2018 and is expected to register considerable growth over the forecast period. Increasing consumption of confectionery products in Europe is likely to drive demand for gelatin, thereby boosting the regional market
In terms of volume, the China market is anticipated to reach 103.7 kilotons by 2025 owing to high demand from industries such as food and beverages and healthcare. In addition, rising disposable income in the region and growing population is projected to favor the regional market
The collagen market is highly competitive in nature and houses prominent market participants with extensive product portfolios. Prominent market participants include Koninklijke DSM N.V.; Matrix; CONNOILS LLC; Advanced BioMatrix, Inc.; and Rousselot BV.
In addition, the market is expected to benefit from increasing adoption of collagen-based products due to superior characteristics such as gelling, emulsification, and binding of food products in which it is used. Demand for gelatin is expected to register steady growth due to growing use of the product in the production of jellies, chewing gums, and desserts.
Demand for hydrolyzed collagen is expected to rise due to growing adoption in bone grafting, tissue engineering, and dental surgeries. In addition, growing demand for high-quality native collagen in cosmetic formulations as anti-aging and skin rejuvenating ingredients is expected to drive the market over the forecast period.
Healthcare is estimated to emerge as a major application segment in the collagen market. Demand for premium grade collagen for surgical procedures, wound dressing, and drug delivery mechanisms is also expected to drive the market over the forecast period. The market is also expected to be fueled by the growth of the food and beverages industry, primarily in Asia Pacific. Increasing demand for confectionery products, coupled with rising expenditure on food products by consumers in the region, is expected to drive the global market.
Grand View Research has segmented the global collagen market on the basis of source, product, application, and region:
Shea Butter Market – The global shea butter market size is anticipated to witness rapid growth during forecast period owing to its extensive usage in personal care and cosmetics industries.
Syrup Market – The increasing demand for various types of syrups from the food and beverage industry and, the pharmaceutical industry is the key factor driving the growth of this Syrup Market.
Calcium Gluconate Market – Calcium gluconate is utilized to treat situations rising from insufficiencies of the calcium like hypocalcaemia tetany, hypocalcaemia related to hyperparathyroidism, and hypocalcaemia owing to fast growth or pregnancy.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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