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: http://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: http://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
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-collagen-market
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.
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